Northcap

Overview

Northcap is a venture capital firm based in Copenhagen, Denmark, specializing in investments across various stages of technology company development, including seed, early stage, and growth capital. The firm primarily focuses on sectors such as cloud computing, communications, mobile technology, online services, and e-commerce, targeting both business-to-business and business-to-business-to-consumer models. Northcap typically invests in companies located in the Nordic region, with a particular emphasis on Denmark, and aims to provide funding ranging from €1 million to €5 million for businesses with revenues from DKK 5 million to DKK 50 million. For early stage investments, the firm looks for companies with revenues between €1 million and €2 million, while growth stage investments are directed towards established firms with revenues between €10 million and €25 million. Northcap Partners seeks to hold board seats in its portfolio companies and often collaborates with both local and international venture capital firms. Established in 1999 as Internet Ventures Scandinavia (IVS), the firm rebranded to Northcap in 2006. Since then, it has invested in over 40 technology companies, supporting entrepreneurs in the ICT field, particularly within cloud computing (SaaS), communications, mobile/mobility, online services, and e-commerce. Northcap's investment strategy is to help build successful technology businesses by providing financial backing and valuable guidance. The firm offers support in three stages of development: Seed, Early Stage, and Growth. In the Seed stage, Northcap invests in companies from around the first revenue onwards, focusing on Denmark. For Early Stage investments, the firm targets companies with a proven business model and revenues of €1-2 million or more in the Northern half of Europe, including Germany. In the Growth stage, Northcap invests in well-established companies with revenues typically in the range of €10-25 million located in the Northern half of Europe. Through its well-established network of investors, advisers, and executive talents, Northcap helps grow and internationalize its portfolio companies, covering essential areas of technology business development, including strategy, internationalization, sales processes, recruitment of world-class teams, and organization.

Investment Focus

• Companies should have market traction and annual revenue of €1-2 million or more.
• In Denmark, Northcap invests from around first revenue.
• For Growth stage investments, companies should have revenues typically in the range of €10-25 million.

Portfolio Companies