About Seed Capital
Seed Capital is a venture capital firm founded in 2004. It is primarily based out of Copenhagen, Denmark. As of Aug 2026, Seed Capital is an active investor, having invested in 157 companies, with 4 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 Consumer and Life Sciences. Most recently it participated in the $***** Seed round of Repodo Overall, Seed Capital portfolio has seen 1 unicorn, 8 IPOs and 28 acquisitions including key companies like Lunar, Trustpilot and Acarix. A lot of funds co-invest with Seed Capital, with names like PreSeed Ventures sharing a substantial percentage of its portfolio. Seed Capital has team of 12 people including 9 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
Portfolio Unicorns
Seed Capital's List of Top Investments
Seed Capital has a portfolio of 157 companies, one of which is a Unicorn. Their most notable investments are in embla and Certainly.Their portfolio spans across Denmark, United States, Sweden and 8 more locations. They have invested in Enterprise Applications, Consumer, Life Sciences and 28 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Seed Capital:1. Lunar
Digital banking platform offering personal and business accounts, cards, savings, investing, and budgeting tools. It offers multiple account tiers, including free and premium plans, with features such as digital and physical debit cards, budgeting tools, automatic savings, and real-time spending insights. Users can also benefit from international payment capabilities, travel-friendly card usage, and competitive exchange rates depending on their plan. It integrates investing in stocks, ETFs, and crypto through dedicated modules, enabling users to build and manage portfolios within the same ecosystem.
Key facts about Lunar
2. Discord
Provider of a platform for group chats, video, and text communication. It allows users to create communities for various interests and activities. The platform offers features such as custom emojis, soundboard effects, and screen sharing. It supports multiple devices, enabling users to stay connected across different platforms.
Key facts about Discord
- Founded Year: 2012
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series I
- Total Funding till date: $978M
- Employee Count: 5,147 as on Sep 30, 2026
- Investors: equitywestsecurities.com, Access Industries and 57 Others
- Latest Funding Round: Series I, Mar 03, 2022, $*****
- Highlight: Editors' Pick
3. Vivino
Online retailer of wine offering community ratings and purchase options. The platform provides a space for users to rate and review wines. It facilitates wine discovery through user-generated content. The platform enables users to purchase wines from various retailers.
Key facts about Vivino
4. Trustpilot
Review platform facilitating user feedback on various companies and services. It allows individuals to share experiences regarding diverse businesses. The platform aims to empower consumers with information. It also helps companies improve based on customer input.
Key facts about Trustpilot
- Founded Year: 2007
- Location: New York City (United States)
- Stage: Public
- Total Funding till date: $180M
- Employee Count: 1,421 as on Sep 30, 2026
- Investors: ATP Private Equity Partners, Vitruvian Partners and 14 Others
- Latest Funding Round: Series E, Mar 04, 2019, $*****
- Highlight: Public
5. GoMore
GoMore is an app-based ridesharing and P2P car rental platform. Their platform connects car owners with passengers and renters after providing relevant details. Users can search, compare and rent cars via the platform or app by providing relevant details once the car owner confirms the request. Their mobile app is available for Android and iOS devices.
Key facts about GoMore
Seed Capital's Year-on-Year Investment Trends
Seed Capital has invested in 158 companies over the last 21 years, with an average of 4 new investments annually in the last 10 years. In 2025, it made 3 investments, while as of Aug 2026, it has made 4 investments in this year. Its most recent first time investment was in Repodo and most recent follow-on round was in Landfolk.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 0 | 4 |
2025 | 3 | 0 | 3 |
2024 | 2 | 2 | 4 |
2023 | 3 | 0 | 3 |
2022 | 3 | 1 | 4 |
2021 | 3 | 4 | 7 |
2020 | 2 | 3 | 5 |
2019 | 6 | 7 | 13 |
2018 | 3 | 8 | 11 |
2017 | 8 | 3 | 11 |
Seed Capital's Investments by Stage
Seed Capital has made 83 investments in Seed stage with an average round size of $1.93M, 17 investments in Series A stage with an average round size of $7.39M and 1 investment in Series B stage with an average round size of $19.1M.Stage of entry | No. of Investments |
|---|---|
Seed | 83 |
Series A | 17 |
Series B | 1 |
Note: We have considered here, only first round of investments
Seed Capital's Investments by Sector
Seed Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Life Sciences, Retail and FinTech. Notably, it has invested in 131 Tech companies, 106 Enterprise (B2B) companies, 81 Software companies and at least 53 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 46 |
Consumer | 21 |
Life Sciences | 17 |
Retail | 15 |
FinTech | 14 |
Others | 89 |
Note: We have considered here, only first round of investments
Seed Capital's Investments by Geography
Seed Capital has made most investments in Denmark (84), followed by United States where it has made 6 investments.Country | No. of Investments |
|---|---|
Denmark | 84 |
United States | 6 |
Sweden | 4 |
United Kingdom | 4 |
Canada | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
Seed Capital's recent investments
Seed Capital has made 4 investments in 2026 so far. Repodo and Oplane are the latest among them.Here are the most recent investments by Seed Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 25, 2026 | Denmark | Seed | 6533 | ||
Jun 03, 2026 | United States | Seed | 9990 | [+2] | |
Feb 05, 2026 | Denmark | Seed | 1693 | [+8] | |
Jan 21, 2026 | Denmark | Seed | 1642 | ||
Sep 08, 2025 | Denmark | Series A | 7827 | [+3] |
Unicorns in Seed Capital's Portfolio
Seed Capital has 1 unicorn in its portfolio - Lunar. The most recent unicorn in their portfolio is Lunar which became a unicorn in 2021, 4 years after Seed Capital first invested in it.Here is a list of unicorns in Seed Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
78 | Digital banking platform offering personal and business accounts, cards, savings, investing, and budgeting tools | 2015 | Aarhus | Series D | ojsfjqm |
IPOs and Publicly Listed companies in Seed Capital's Portfolio
8 of Seed Capital's portfolio companies have become public. Trustpilot got listed on the London Stock Exchange (LSE), in Mar 2021 at marketcap of $1.51B and Galecto Biotech got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $369M.Here are Seed Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 23, 2021 | Jan 28, 2011 | Seed | 8198 | |
Oct 29, 2020 | - | - | 5368 | |
Apr 21, 2020 | Dec 30, 2010 | Seed | 9866 | |
Nov 04, 2019 | 2010 | Seed | 3373 | |
Mar 30, 2015 | Sep 04, 2012 | Seed | 2527 |
Acquired companies in Seed Capital's Portfolio
28 companies from Seed Capital's portfolio have been acquired. The most recent acquisition was Forecast in Jul 2025 by Accelo for $*****.Here are Seed Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 22, 2025 | Sep 19, 2016 | Seed | 5978 | |
Mar 04, 2025 | Jun 20, 2016 | Seed | 4876 | |
Dec 02, 2024 | - | - | 2126 | |
Nov 05, 2024 | May 30, 2022 | Seed | 5515 | |
Oct 14, 2024 | Mar 23, 2017 | Seed | 4359 |
Team profile of Seed Capital
Seed Capital has a team of 12 members including 9 Partners located in Denmark. Seed Capital's team sits on the board of 9 companies.Here is a list of top team members in Seed Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Denmark | - | ||
Partner | Ringsted | Veo Technologies, OrderYOYO and 2 more | ||
Partner | Denmark | |||
Partner | Denmark | - | ||
Partner | Svendborg | - | - | |
Partner | Denmark | - | ||
Partner | Denmark | - | ||
Partner | Denmark | - | ||
Partner | Denmark | - | ||
Partner | Denmark | - | - |
Co-investors of Seed Capital
Over the past 21 years, 236 investors have co-invested in Seed Capital's portfolio companies. This includes funds and angels.
- Invested before Seed Capital: PreSeed Ventures, Creandum and 41 others have invested in rounds before Seed Capital. There are 9 companies where PreSeed Ventures has invested before Seed Capital and 2 companies where Creandum has invested before Seed Capital.
- Top Co-investors of Seed Capital: 60 investors entered a company along with Seed Capital. These include investors like PreSeed Ventures (10 companies).
- Invested after Seed Capital: A total of 133 investors have invested in Seed Capital's portfolio after their investments. Top Investors include Vaekstfonden (8 companies), Europa (7 companies) and EIC Fund (6 companies).
Recent News related to Seed Capital
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Seed Capital Closes Fund V at €130 Million to Back Nordic StartupsEU-Startups•Sep 11, 2026•Seed Capital
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Ex-Lunar Founders Raise €8.2M for AI Audit Startup RepodoCryptocurrency•Aug 25, 2026•Hedosophia, Seed Capital, Seed Capital
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Seed Capital Bizkaia participates in the new round of Sherpa.aiCapital-Riesgo.es•Jul 25, 2026•Seed Capital, Sherpa
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Oplane Raises $5.2M Seed to Secure AI Coding WorkflowsStartup Researcher•Jun 16, 2026•Seed Capital, Icebreaker, Neo4j, Google
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Oplane Raises €4.5M to Secure AI-Powered Software DevelopmentStartup Rise EU•Jun 02, 2026•Seed Capital, Icebreaker
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Blackbird Coffee Receives Million Investment to Revolutionize European Coffee MarketNets•Jan 21, 2026•Damgaard Company, Seed Capital, Blackbird Coffee
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Danish Fintech Flatpay Becomes Unicorn with €145M Funding, Announces €100M ARRTrending Topics•Nov 17, 2025•Flatpay, Smash Capital, AVP, Dawn Capital and 2 others
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cactuz, operator of "THE LESSON" video education platform, secures seed funding.THE BRIDGE•Nov 04, 2025•Seed Capital, http://cactuz.nu
