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Ugly Duckling Ventures

Bredgade 21B, Copenhagen, Hovedstaden, 1260, Denmark

Overview

Capital and expertise for Nordic seed and pre-seed ventures.

Founded

2021

Deals · 12mo

9

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

Denmark
Finland
Sweden

Sector focus

—

Investment portfolio

16rounds
NAMEDATESIZE
Spiich Labs
Sep 2026Led
$3 MSeed
Velatir
Aug 2026Led
$6 MSeed
Wilmo.ai
Aug 2026Led
$1 MSeed
Palette
Aug 2026Led
$3 MSeed
Skyfora
Jun 2026Led
$7 MSeed
P-Secure
May 2026Participated
$2 MSeed
Financial News Systems
Mar 2026Led
$2 MSeed
Velatir
Feb 2026Led
$2 MSeed
Cytely
Oct 2025Led
$3 MOther Equity
Moxso
Sep 2025Participated
$6 MSeed
Skyfora
Mar 2025Led
$5 MOther Equity
Unioo
Jul 2024Led
$0.88 MOther Equity
Spiich Labs
Sep 2026Led
$3 MSeed
Velatir
Aug 2026Led
$6 MSeed
Wilmo.ai
Aug 2026Led
$1 MSeed
Palette
Aug 2026Led
$3 MSeed
Skyfora
Jun 2026Led
$7 MSeed
P-Secure
May 2026Participated
$2 MSeed
Financial News Systems
Mar 2026Led
$2 MSeed
Velatir
Feb 2026Led
$2 MSeed
Cytely
Oct 2025Led
$3 MOther Equity
Moxso
Sep 2025Participated
$6 MSeed
Skyfora
Mar 2025Led
$5 MOther Equity
Unioo
Jul 2024Led
$0.88 MOther Equity
16
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Deal Distribution

Ugly Duckling Ventures: 16 funding rounds are recorded in the selected participation categories.All available history.
Ugly Duckling Ventures: 16 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed92
Other Equity41

Monthly Deal Activity

Ugly Duckling Ventures: 16 deals are recorded across 51 months.All available history.
Ugly Duckling Ventures: 16 deals are recorded across 51 months. All available history
MonthDeals
Aug '221
Sep '221
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '231
Dec '230
Jan '240
Feb '240
Mar '240
Apr '241
May '240
Jun '240
Jul '241
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '251
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '251
Nov '250
Dec '250
Jan '260
Feb '261
Mar '261
Apr '260
May '261
Jun '261
Jul '260
Aug '263
Sep '261
Oct '260

Sector Breakdown

Ugly Duckling Ventures: AI & Machine Learning is the largest displayed sector by deal count (9 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Ugly Duckling Ventures: AI & Machine Learning is the largest displayed sector by deal count (9 deals). All available history
SectorDeals
AI & Machine Learning9
Enterprise Software7
Cybersecurity & Privacy4
Data, Analytics & IT4
Professional Services3
Clean Energy & Sustainability2
Transportation & Logistics2
Networks, Cloud & Communication2
Marketing & Advertising2
Health & Life Sciences2
Social & Community Platforms2
Travel & Hospitality1
E-Commerce & Retail1
Consumer & Lifestyle1
Fintech1
Media & Entertainment1
Developer Tools1

Deal Size Distribution

Ugly Duckling Ventures: 16 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Ugly Duckling Ventures: 16 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M13
$5M-$10M3
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Ugly Duckling Ventures: Europe has the largest recorded deal count among the displayed regions (16 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Ugly Duckling Ventures: Europe has the largest recorded deal count among the displayed regions (16 deals). All available history
RegionDeals
Europe16
Ugly Duckling Ventures: 20 co-investors are shown, with LUMO Labs sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Ugly Duckling Ventures: 20 co-investors are shown, with LUMO Labs sharing 2 recorded deals. All available history
Co-investorShared deals
LUMO Labs2
Acadian Ventures1
Alliance Venture1
Ampli Ventures1
Business Finland1
Cherry Ventures1
Compounding Capital1
D21
Denmark1
EIC Fund1
EIFO1
Emblem1
European Innovation Council1
Eviny Ventures1
Final Frontier1
Icebreaker.vc1
Norrsken Evolve1
Norrsken VC1
SEED Capital1
Spintop Ventures1

Investment Strategy

Ugly Duckling Ventures: Led accounts for 81% and participating for 19% of round participation.All available history.
Ugly Duckling Ventures: Led accounts for 81% and participating for 19% of round participation. All available history
CategoryDeals (count)Share (%)
Led1381%
Participating319%
Ugly Duckling Ventures: Single-lead accounts for 54% and co-led for 46% of lead dynamics.All available history.
Ugly Duckling Ventures: Single-lead accounts for 54% and co-led for 46% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead754%
Co-led646%

Team

Andreas Rasmussen

Founder

Louise Lachmann
Rune Hven-Jensen

Founder