Participated · Series A · Feb 2026

Founded in 2016, Copenhagen-based Reduced has developed a “Waste to Taste” platform that employs rice-koji solid-state fermentation and controlled reaction processes to convert underutilised food industry by-products into high-value savoury flavour compounds. Its technology delivers umami, kokumi and Maillard reaction notes in only three days, while using 10× less energy and producing up to 83% fewer greenhouse-gas emissions than conventional methods. The current product range includes mushroom, vegetable, shore crab and chicken concentrates marketed to food manufacturers and food-service operators seeking additive-free, clean-label flavour solutions. Reduced claims the approach can replace hydrolysed vegetable proteins and yeast or meat extracts, offering greater depth and sensory complexity. To date, the company has diverted more than 150 tonnes of food waste and sees its addressable savoury flavour market at roughly $9 billion. With growing demand, it plans to scale production to industrial volumes, expand its flavour portfolio and deepen collaborations with multinational partners. The latest funding round brings its capital raised to €12 million, positioning the firm to strengthen quality and supply-chain systems while continuing its transition from R&D to large-scale supply.

Participated · Seed · Jun 2023

Dynelectro develops next-generation solid-oxide electrolysis (SOE) systems using an AC:DC approach to improve efficiency and longevity for green hydrogen production. Its technology addresses SOE limitations by extending operational life from about two years to ten years, reducing energy waste and enabling grid-balancing through rapid production adjustments. The company targets hard-to-abate industrial sectors by providing on-site hydrogen, lowering emissions, and enabling synthetic fuels and Power-to-X projects. Recent financing and grants will support scaling its Dynamic Electrolyser Unit (DEU) from 150-kW prototypes to commercial, fully modular 1-MW units. The first 1-MW installation is scheduled for the first half of 2025 at European Energy’s renewable facility in Denmark. Management says the round validates the technology and positions Dynelectro to advance sustainable energy deployment. Dynelectro develops a patented, scalable solid-oxide electrolysis technology to source affordable green hydrogen and enable production of green fuels. The company plans to scale its Dynamic Electrolysis Units to 1 MW as a prerequisite for a commercial launch in 2025. It recently closed a €4.5 million Seed round to accelerate commercialization and scale-up work. Dynelectro was founded in 2018 by fuel-cell scientist Søren Højgaard Jensen and hydrogen strategist Samantha J. Phillips and is based in Copenhagen. The team includes fuel-cell specialist Anne Lyck Smitshuysen, whose research earned a €67k grant from the Ramboll Foundation and a finalist spot in the 2022 Future Hydrogen Leader Award; she was also named by Nature as one of three scientists at the cutting edge of new energy solutions. The company frames its mission around making clean, affordable energy and contributing to global CO2 reduction targets.

Participated · Debt Financing · Jan 2023

Hypefactors offers an integrated, AI-powered earned-media tech platform that combines data, analytics, technology and tools to support media intelligence, reputation and trust management. The platform provides media monitoring across channels plus automated documentation of the monetary value and quality assessment of third-party media mentions. It also includes time-saving features such as automatically generated media reports and a mobile app for real-time media mentions. The company is listed on Nasdaq Growth Market in Copenhagen, Denmark. Recent corporate actions—an equity capital increase, a new loan facility and pending state-backed loan tranches—are intended to strengthen the company’s capital structure. Management says these measures will have a positive effect on both liquidity and equity. Hypefactors is an integrated AI-powered earned media tech platform that combines data, analytics, technology and tools to support media intelligence, reputation and trust management. The platform automates media monitoring across channels and provides features including automated documentation of the monetary value and quality assessment of each third-party media mention, automatically generated media reports, and a mobile app for real-time media mentions. The company announced an Innovation Fund Denmark Innobooster grant to support development of a "New Print PDF Processing Program" to expand its print-coverage capabilities. The project will apply recent breakthroughs in computational linguistics (NLP) and AI techniques beyond machine learning, including an automated reasoning engine and probabilistic programming, to process printed news (newspapers and magazines). The project kicked off in October 2022 and is expected to be finalized within approximately 10 months. Hypefactors is listed on Nasdaq Growth Market in Copenhagen, Denmark. Hypefactors is an AI-powered earned media tech platform that provides real-time monitoring of global and local media mentions and reputation/trust metrics for companies, brands, competitors, industries and trends. The platform combines data, analytics and tools including automated documentation of the monetary value and quality assessment of third-party media mentions, auto-generated media reports, and a mobile app for real-time mentions. The company is listed on Nasdaq Growth Market in Copenhagen. Management has stated it will tune marketing and sales to add more clients and revenue. In March 2022 Hypefactors completed a capital increase and accompanying financing actions intended to improve liquidity, strengthen equity and clean up the balance sheet. The filings state the financings will have a positive effect on both liquidity and equity and benefit the company’s capital structure. Hypefactors is an integrated AI-powered earned media tech platform that provides real-time media monitoring and reputation metrics for companies, brands, competitors, industries and trends. The platform combines data, analytics and tools to automate media monitoring across channels, including automated documentation of monetary value and quality assessment of each third-party media mention, automatically generated media reports, and a mobile app for real-time access. The company is listed on Nasdaq Growth Market in Copenhagen, Denmark. Management and early investors participated in a capital increase that strengthens the company’s capital structure. The capital increase issued 154,149 new shares at DKK 6.4872, raising DKK 1 million, and was combined with a DKK 1 million loan from Vaekstfonden. Vaekstfonden’s second loan tranche was disbursed after Hypefactors met a specific MRR target required by the fund. Hypefactors operates an integrated AI-powered earned-media platform that delivers real-time global and local media mentions, analytics, and reputation insights. The platform automates media monitoring across channels and provides tools such as automated documentation of monetary value and quality assessment for third-party mentions. It also offers time-saving features including automatically generated media reports and a mobile app for real-time access. Hypefactors combines data, analytics, and technology to support corporate reputation management and measurement. The company is listed on the Nasdaq Growth Market in Copenhagen and is headquartered in Copenhagen, Denmark. Recent financial actions described by management are intended to strengthen liquidity and equity to support continued business growth.

Participated · Seed · Nov 2022

Breye Therapeutics is a clinical-stage biopharmaceutical company based in Copenhagen, Denmark, developing novel oral small-molecule therapies for retinal vascular diseases. The company is focused on de-risked small molecules suited for oral administration with a scientific rationale for treating diabetic retinopathy and age-related macular degeneration. Breye intends to use the new funding to expand its team and broaden its pipeline across a wider range of ophthalmologic diseases. The company is led by CEO Ulrik Mouritzen and is part of Novo Seeds’ company-creation efforts, with involvement from Novo Holdings’ early-stage investment team. Pre-seed support for Breye included funding from the BioInnovation Institute (BII), the Danish Growth Foundation (Vækstfonden) and the Danish Innovation Foundation (Innovationsfonden).

Participated · Seed · Sep 2022

Captego, founded in 2018 and based in Copenhagen, has developed a Field Data Engine to capture, structure and enrich onsite field data for property, engineering, utilities and insurance sectors. The platform makes data collection as easy as taking a photo, organizing inputs onto live dashboards, tailored reports and integrations to drive decision-making. Captego says its tool can save operatives up to four hours each day by streamlining data collection and reporting. The company is an accredited RICS tech partner and is already trusted by customers such as DCC Shell, Marsh and Milton Homes, operating across the UK and Europe. The new funding will be used to meet growing demand from international markets, enhance technology capabilities and build out the team. Captego also announced Jeremy Sparrow as its new CEO to help drive scaling across Europe and beyond.