x
What future
are you building?

Sign up to our newsletter and get our new writings, portfolio news and content straight to your inbox.

We back founders with conviction

We’re an early stage venture capital fund partnering with founders at Seed, Series A and Series B stage. Across Europe and the US.

Since 1996, we’ve made over 150 investments, raised over €1.5 billion, and survived two financial crises unscathed. We’ve learned to trust our instincts through all of the ups and downs.

Because of this, things that are typically important to VCs, aren’t as important to us. We’re happier operating on principles rather than an overriding investment thesis. And we always stand behind the entrepreneurs we work with, so you can earn your own success.

We invest early

Seed

For investments under €1 million. If you have a huge idea and the hunger to make it happen, we’ll help you understand what else you need to make it real.

Series A & B

These investments are typically between €1 – 25  million. You’ll have assembled a strong founding team. You’ll have a product targeting a significant market opportunity, and you’ll be ready to prove it. Or you’re ready to scale globally.

Special Cases

We traditionally operate early, but are occasionally open to participating in later funding rounds. We never say never, but rarely say yes.

A partner as determined as you are

Dedicated to entrepreneurs

Aim for the upsides

We have to be optimists. As you drive your business forward, we’ll help you prep for the biggest possible outcomes.

Zero added sugar

We appreciate candour and self-awareness. You can handle it when we give you the truth, even when it’s not pretty.

Shit happens. That's life

Mistakes and failures don’t faze us, and they won’t faze you either. Let’s fail fast, learn, and move on.

A refreshing view on venture capital

Ignore the $100k MRR bar

It’s the one KPI we really don’t care about. You can be more than ready for Series A without it.

No pressure on the preference stack

If you convince us that you’re going to make it, we’ll let you say where we sit in the stack.

We follow your lead

Lead, co-lead or stay stealth – whatever the round, it’s always your call.

Fair ownership targets

No two companies are the same.
When a 20% stake feels like too much to give away, we’ll still be interested.

Markus Gleim

ASSOCIATE, STOCKHOLM

Maxine Rior

ASSOCIATE, STOCKHOLM

Bjørn Stray

Partner, Oslo

Independent minds, working as one

Meet the team
Jessica Schultz

General Partner, Stockholm

Stine Foss

Finance Partner, Oslo

Christopher Steinau

PRINCIPAL, LONDON

150

Total Investments

€1.5bn

Funds Raised

1

Fika a day. At least.