Led · Series B · Aug 2026

SweGaN develops and manufactures GaN-on-SiC epitaxial wafers for wide-bandgap semiconductor applications. The company serves markets including RF and power electronics for 5G, satellite communications, telecom infrastructure, defence radar systems and high-efficiency power conversion in data centres. SweGaN plans to use the new funding to expand production capacity, accelerate R&D of next-generation GaN-on-SiC materials, and strengthen its commercial presence globally. Management stated the financing represents an up-round and will support hiring and infrastructure investment as the company scales. The round increases SweGaN’s total funding to $41M, reflecting recent commercial progress and investor confidence.

Led · Seed · May 2026

OTee develops a software-defined control platform that replaces traditional PLC hardware by running safety-critical control systems on open, off-the-shelf hardware. Its engineering platform is designed for designing, deploying, and managing virtual control systems using open architecture and standards, aiming to remove vendor lock-in and lower costs. The company positions itself against established PLC vendors by emphasizing openness and open integration. OTee targets energy, utilities, and manufacturing customers and plans to expand internationally using proceeds from its seed round. At the time of the raise it had 21 employees from 13 countries. The company raised €5.3 million in seed funding led by North Ventures to accelerate product development and market expansion.

Participated · Series A · Dec 2025

Sparrow Quantum is a Danish spin-out from the Niels Bohr Institute that designs and manufactures the Sparrow Core, a photonic chip able to generate on-demand single photons—an essential building block for photonic quantum computers and secure quantum communication networks. Its deterministic photon source operates at room temperature, offers strong noise resistance, and is designed for scalable integration into standard microchips, avoiding the cryogenic cooling required by many competing platforms. The technology is already deployed by several European technology companies, demonstrating industrial readiness. With fresh capital, Sparrow Quantum plans to scale up chip production, expand globally, and accelerate development of its next generation of quantum chips. The company positions itself as a pillar of Denmark’s and Europe’s quantum-technology strategy, leveraging research momentum from the Niels Bohr Institute. The recent Series A round is reported as the largest quantum-technology investment to date in the Nordics, underscoring significant investor confidence in the firm’s commercial prospects.

Participated · Equity · Oct 2025

Founded in 2021, Scaleup Finance blends human expertise and software to deliver strategic finance services to smaller companies that typically lack an in-house CFO. Its new product, Nume, connects directly to clients’ banking and accounting systems to generate liquidity forecasts, board-ready reports and proactive risk alerts through familiar channels like Slack and email. The technology is built on lessons learned from Scaleup Finance’s 40 human CFOs who have supported more than 500 high-growth startups across Europe. During a private beta, over 2,500 companies from 80 countries signed up for Nume, demonstrating global demand. The company hit €1 million in ARR in its first year entirely through word-of-mouth, highlighting strong product-led growth economics. By leveraging a multi-agent AI architecture that the team claims delivers 100 % numerical accuracy, Scaleup Finance hopes to make professional-grade financial leadership accessible to the long tail of 50 million SMEs worldwide. The fresh capital will be used to bring Nume to market at scale.

Led · Series A · Jul 2025

QuadSAT is a Danish startup that equips quadcopter drones with custom radio-frequency payloads and flight-automation software so they can act as stand-ins for satellites, enabling antenna calibration and performance testing outside laboratory conditions. Operators such as OneWeb and ESA’s European Space Operations Centre have already used the solution to verify gateways and antennas as large as 15 meters. By removing the need for a visible GEO satellite or fixed beacons, the technology simplifies testing in polar regions and other challenging sites. QuadSAT currently provides the capability as a service, sending its own technicians to customer locations, but it is developing a ready-to-fly kit that customers can operate independently. The new product is intended to make drone-based testing more widely available and easier to scale. To date, the company has raised roughly $5 million, including multiple non-dilutive grants from the European Space Agency. QuadSAT expects to seek additional funding to expand operations after launching the productized system.