About Byfounders
Byfounders is a venture capital firm founded in 2017. It is primarily based out of Copenhagen, Denmark. As of Sep 2026, Byfounders is an active investor, having invested in 81 companies, with 10 new investments in the last 12 months. It primarily invests in Seed round in Denmark based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and HealthTech. Most recently it participated in the $***** Series B round of Verda Overall, Byfounders portfolio has seen 2 unicorns and 8 acquisitions including key companies like Multiverse, Lovable and Normative. A lot of funds co-invest with Byfounders, with names like Tiny sharing a substantial percentage of its portfolio. Byfounders has team of 36 people including 12 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Unicorns
Byfounders' List of Top Investments
Byfounders has a portfolio of 81 companies, including 2 unicorns. Their most notable investments are in Pixieray and Vibrant.Their portfolio spans across Denmark, United States, Finland and 10 more locations. They have invested in Enterprise Applications, High Tech, HealthTech and 23 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Byfounders:1. Multiverse
AI-powered upskilling and apprenticeship platform. It is focused on helping organisations adopt AI, data, and digital technologies at scale. It identifies skill gaps across teams and delivers structured apprenticeship and training programmes tailored to business needs. Learners are supported through a combination of expert coaching, AI-powered guidance, and on-the-job application, ensuring practical skill development in real workplace environments. It enables companies to measure business impact through productivity gains, efficiency improvements, and return on learning investment.
Key facts about Multiverse
- Founded Year: 2016
- Location: London (United Kingdom)
- Annual Revenue: £50M - £100M as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $485M
- Employee Count: 1,285 as on Aug 31, 2026
- Investors: Founders Circle Capital, Salesforce Ventures and 58 Others
- Latest Funding Round: Series D, May 15, 2026, $*****
- Highlight: Editors' Pick
2. Monta
SaaS-based platform for charging station management. Its platform allows users to customize electric vehicle charging points according to charging needs. It provides solutions for workplace charging, fleet charging, commercial charging, residential charging, and others. It offers product suite that serves as a command center for EV charging operations, including charge point management, financial operations, access control, and fleet management.
Key facts about Monta
3. Cobalt
Provider of penetration testing as a service and offensive security. The company offers a platform that combines technology with security experts to deliver insights. It provides application, network, and cloud security services. The company also offers digital risk assessment, red teaming, and attack surface management.
Key facts about Cobalt
- Founded Year: 2013
- Location: San Francisco (United States)
- Stage: Series B
- Total Funding till date: $36.6M
- Employee Count: 599 as on Aug 31, 2026
- Investors: Highland Europe, S28 Capital and 24 Others
- Latest Funding Round: Series B, Aug 20, 2020, $*****
- Highlight: Editors' Pick
4. Lovable
Developer of an AI platform for building applications and websites. The platform enables users to create software through conversational interaction with artificial intelligence. It provides tools for developing various types of applications. The platform supports users in designing and deploying software solutions.
Key facts about Lovable
5. Bob W
Offers tech-enabled services for hotels and short term rentals. It offers exceptionally cool short-stay apartments as an alternative to hotels and random rentals.
Key facts about Bob W
- Founded Year: 2018
- Location: Helsinki (Finland)
- Stage: Series B
- Total Funding till date: $77.3M
- Employee Count: 399 as on Aug 31, 2026
- Investors: IDC Ventures, Evli Growth Partners and 16 Others
- Latest Funding Round: Series B, Nov 28, 2024, $*****
- Highlight: Editors' Pick
Byfounders' Year-on-Year Investment Trends
Byfounders has invested in 81 companies over the last 9 years, with an average of 8 new investments annually in the last 5 years. In 2025, it made 12 investments, while as of Sep 2026, it has made 10 investments in this year. Its most recent first time investment was in Fluencify and most recent follow-on round was in Verda.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 8 | 2 | 10 |
2025 | 7 | 5 | 12 |
2024 | 5 | 2 | 7 |
2023 | 9 | 2 | 11 |
2022 | 9 | 3 | 12 |
2021 | 7 | 6 | 13 |
2020 | 7 | 0 | 7 |
2019 | 5 | 2 | 7 |
2018 | 7 | 0 | 7 |
2017 | 1 | 0 | 1 |
Byfounders' Investments by Stage
Byfounders has made 52 investments in Seed stage with an average round size of $3.63M, 12 investments in Series A stage with an average round size of $15.2M and 1 investment in Series B stage with an average round size of $31.8M.Stage of entry | No. of Investments |
|---|---|
Seed | 52 |
Series A | 12 |
Series B | 1 |
Note: We have considered here, only first round of investments
Byfounders' Investments by Sector
Byfounders has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Sustainability Tech, Enterprise Infrastructure and Vertical SaaS. Notably, it has invested in 76 Tech companies, 58 Enterprise (B2B) companies, 50 Software companies and at least 33 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 29 |
High Tech | 16 |
Sustainability Tech | 10 |
Enterprise Infrastructure | 9 |
Vertical SaaS | 9 |
Others | 89 |
Note: We have considered here, only first round of investments
Byfounders' Investments by Geography
Byfounders has made most investments in Denmark (16), followed by United States where it has made 13 investments.Country | No. of Investments |
|---|---|
Denmark | 16 |
United States | 13 |
Finland | 11 |
Germany | 6 |
Sweden | 6 |
Others | 13 |
Note: We have considered here, only first round of investments
Byfounders' recent investments
Byfounders has made 10 investments in 2026 so far. Verda and Fluencify are the latest among them.Here are the most recent investments by Byfounders:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 22, 2026 | Finland | Series B | 3133 | [+8] | |
Sep 07, 2026 | United Kingdom | Seed | 4936 | ||
Aug 27, 2026 | Switzerland | Series A | 7525 | [+2] | |
Aug 10, 2026 | Norway | Seed | 5186 | [+4] | |
May 30, 2026 | Norway | Seed | 6690 | [+3] |
Unicorns in Byfounders' Portfolio
Byfounders has 2 unicorns in its portfolio - Lovable and Multiverse. The most recent unicorn in their portfolio is Lovable. It became a unicorn in 2025.Here is a list of unicorns in Byfounders' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
66 | Developer of an AI platform for building applications and websites | 2023 | Stockholm | Series C | ntuuasa | ||
75 | Provider of professional apprenticeship programs for data and technology skills | 2016 | London | Series D | eqndlij |
Acquired companies in Byfounders' Portfolio
8 companies from Byfounders' portfolio have been acquired. The most recent acquisition was Normative in Sep 2026 by Greenly for $*****.Here are Byfounders' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 11, 2026 | Sep 18, 2019 | Seed | 4615 | |
Aug 05, 2026 | Sep 16, 2020 | Seed | 4982 | |
Jun 18, 2025 | Nov 19, 2019 | Seed | 8798 | |
Nov 04, 2024 | Nov 17, 2020 | Seed | 5778 | |
Jun 12, 2024 | Mar 2018 | Seed | 8097 |
Team profile of Byfounders
Byfounders has a team of 36 members including 12 Partners and 14 Principals located in Denmark, Capital Region of Denmark and 6 more locations. Byfounders' team sits on the board of 7 companies.Here is a list of top team members in Byfounders:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | - | ||
Partner | Stockholm | - | - | |
Partner | Copenhagen | |||
Partner | Copenhagen | - | ||
Partner | Copenhagen | - | - | |
Partner | Helsinki | - | ||
Partner | - | - | ||
Partner | Capital Region of Denmark | - | ||
Partner | Denmark | - | - |
Co-investors of Byfounders
Over the past 9 years, 411 investors have co-invested in Byfounders's portfolio companies. This includes funds and angels.
- Invested before Byfounders: Nordic Makers, Y Combinator and 81 others have invested in rounds before Byfounders. There are 3 companies where Nordic Makers has invested before Byfounders and 3 companies where Y Combinator has invested before Byfounders.
- Top Co-investors of Byfounders: 192 investors entered a company along with Byfounders. These include investors like Tiny (5 companies).
- Invested after Byfounders: A total of 136 investors have invested in Byfounders's portfolio after their investments. Top Investors include Danmarks Eksport og Investeringsfond (3 companies), Tesi (3 companies) and Creandum (2 companies).
Recent News related to Byfounders
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Fluencify Raises $4.3M Pre-Seed Funding for AI Creator Platform After Reaching $2M ARRTechStartups.com•Sep 08, 2026•Wave Ventures, Byfounders
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Cloudgeni Raises €858K to Expand AI Platform for Cloud InfrastructureStartup Rise EU•May 30, 2026•Cloudgeni, Nordic Capital, ACOF, Antler and 2 others
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As the AI era strains human verification, Danish startup Flare bags €3.6 million to support knowledge validationEU-Startups•Apr 16, 2026•20VC Fund, Byfounders, Flare, Stack Overflow and 2 others
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Finnish Startup Tangled Secures €3.8 Million To Scale Global Software Collaboration PlatformStartup Rise EU•Mar 02, 2026•Bain Capital, Tangled, Bain Capital Crypto, Antler and 2 others
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Willo Raises €2.9M in Pre-Seed FundingFinSMEs•Feb 09, 2026•Unruly Capital, Interface Capital, Byfounders, Wave Ventures and 1 other
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Swedish vibe coding startup Lovable hits $6.6B valuation in latest round with AccelTech Funding News•Dec 17, 2025•Khosla Ventures, Lovable, Accel, Fidelity Investments and 12 others
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Digitail Raises $23M USD Series B FundingFinSMEs•Nov 10, 2025•Digitail, Atomico, Partech Partners, Byfounders and 2 others
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Romanian-founded Digitail Raises €20M to Modernize Pet Care Through AIRecurisve Media JSC•Nov 10, 2025•Digitail, Atomico, Gradient Ventures, Partech Partners and 2 others
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DataCrunch Secures USD 64 Million in Series A FundingGlobal Legal Chronicle•Sep 26, 2025•DataCrunch, Byfounders
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Finland’s DataCrunch secures €55M to challenge US hyperscalers and boost Europe’s AI leadershipEU-Startups•Sep 08, 2025•Tesi, DataCrunch, Byfounders, Skaala and 19 others
