AMWatch

UK venture fund doubles investment in Danish startups

Balderton Capital is prepared to invest a triple-digit figure in the DKK millions in Danish tech startups, reports Danish daily Børsen. There is fine momentum in Denmark, says partner.

Lars Fjeldsøe-Nielsen, partner i Balderton Capital. | Photo: PR/Balderton Capital

UK-based venture fund Balerton Capital is doubling its investments in Denmark and is earmarking USD 50 million for Danish startups for the coming years, reports Danish business daily Børsen.

The reason for this is that Denmark has developed an interesting technology milieu, which is at the forefront of Europe, says Balderton Capital Partner Lars Fjeldsøe-Nielsen.

"We think that there is a disproportional momentum in Denmark relative to population size," he tells Børsen, adding that he expects to invest even more capital over the coming years.

Last year, Lars Fjeldsøe-Nielsen told AMWatch's sister site, ITWatch, that Danish entrepreneurs dared to think globally.

"I experience there being a global mentality, and they think big thoughts beyond national borders. We have never seen a company come to us saying 'we want to be the biggest in Denmark'. They want to be the largest in the world within their respective areas of expertise," he says.

English Edit: Daniel Frank Christensen

Actuarial chief at Danish pension fund ATP jumps to consultancy 

Danske threat to Danish AAA rating triggers political action 

 

More from AMWatch

Savills IM working hard on first Nordic residential investment

The global property investor has plans to expand its growing portfolio in Denmark with a new asset class, residential real estate, "very soon," says Head of Nordics Peter Broström. The manager still believes in the office and retail sectors, despite the pandemic and rising inflation.

Further reading

Related articles

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch