What investment strategy does Blackwood focus on?

Blackwood focuses on VC strategies in the private equity space.

How many portfolio companies does Blackwood have?

Blackwood has 23 active portfolio companies and 1 fund tracked on GP Intel.

Where is Blackwood headquartered?

Blackwood is headquartered in Copenhagen, Denmark.

What sectors does Blackwood invest in?

Blackwood invests across Financials, Energy, TMT.

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Blackwood

Copenhagen, Denmark·Founded 2021·

Venture Capital

·blackwood.vc

BlackWood (BlackWood Ventures ApS) is a Copenhagen-based pan-European early-stage venture capital firm founded in 2021 by Bastian R. Larsen, investing at pre-seed and seed with initial tickets up to 1 million euros across fintech, cleantech and Web3. The firm is authorised by the Danish Financial Supervisory Authority (FTID 23300) and is supported by an investor club of more than 1,000 angels across 25-plus countries. It closed its debut Fund I at a final close of 25 million dollars (about 21.3 million euros) in 2025 and backs a portfolio of around 23 companies across Europe.

AUM

–

Funds

vintages 2023

Portfolio

Exits

Blackwood is a Copenhagen venture capital firm with 23 active companies.

SectorsFinancials Energy TMT

Sector breakdown

23 companies

Fintech

11 · 48%

ClimateTech

5 · 22%

Consumer

2 · 9%

Software

1 · 4%

PropTech

1 · 4%

E-commerce

1 · 4%

AI/ML

1 · 4%

InsurTech

1 · 4%

Geography breakdown

10 geographies

11 · 48%

2 · 9%

Denmark

2 · 9%

Germany

2 · 9%

Netherlands

1 · 4%

Italy

1 · 4%

Kenya

1 · 4%

Luxembourg

1 · 4%

Key facts

HQCopenhagen, Denmark

Founded2021

Websiteblackwood.vc

Recent exits

No exits recorded yet.

Partners

Bastian R. LarsenFounder & CEO

Coverage notes

1 fund tracked, 23 portfolio companies (23 active · 0 realized). Verified weekly from public filings and deal announcements.

Investment team

Senior partners. Hand-checked from public filings and the firm's own site.

Bastian R. Larsen

Founder & CEO

Funds & portfolio

Every fund Blackwood has raised, with its portfolio companies. Hand-checked from public filings.

1 fund

Fund

Strategy

Vintage

Size

Assets

Exits

BlackWood Fund I

VC2023€21M23 assets

2023 · 3yr

€21M

–

Unrealized

23 held

Company	Entry
beSirius ClimateTech · Netherlands	2023
Boundary Software · US	2026
ComplyPay Fintech · Denmark	2024
Comundo ClimateTech · Denmark	2025
Flow Global Fintech · UK	2024
Goya Fintech · Germany	2025
hybr PropTech · UK	2023
illuminem ClimateTech · Italy	2024
IVM Markets Fintech · UK	2024
Kapu E-commerce · Kenya	2024
Kinetk AI/ML · US	2023
Oditi Consumer · UK	2023
Particula Fintech · Germany	2025
Paypercut Fintech · Luxembourg	2026
Prospa Fintech · UK	2025
Qaptis ClimateTech · Switzerland	2023
Rehuman InsurTech · UK	2025
Rightcharge ClimateTech · UK	2025
Sidekick Fintech · UK	2024
Snafu Consumer · Sweden	2023
Synthex Fintech · UK	2025
Tangible Fintech · UK	2024
Yonder Fintech · UK	2023

Frequently asked questions

What investment strategy does Blackwood focus on?: Blackwood focuses on VC strategies in the private equity space.
How many portfolio companies does Blackwood have?: Blackwood has 23 active portfolio companies and 1 fund tracked on GP Intel.
Where is Blackwood headquartered?: Blackwood is headquartered in Copenhagen, Denmark.
When was Blackwood founded?: Blackwood was founded in 2021.
What sectors does Blackwood invest in?: Blackwood invests across Financials, Energy, TMT.