What investment strategy does byFounders focus on?

byFounders focuses on VC strategies in the private equity space.

How many portfolio companies does byFounders have?

byFounders has 57 active portfolio companies and 9 completed exits and 3 funds tracked on GP Intel.

Where is byFounders headquartered?

byFounders is headquartered in Copenhagen, Denmark.

When was byFounders founded?

byFounders was founded in 2017.

What sectors does byFounders invest in?

byFounders invests across TMT, Software, Financials.

What are byFounders's recent exits?

Recent realized exits by byFounders include: Outfunnel (2026) to Pipedrive; Contractbook (2025) to Scrive; Garden (2024) to Incredibuild; PipeBio (2024) to Benchling; Spoke (2024) to Salesforce; Uizard (2024) to Miro; Eduflow (2023) to Multiverse; GamerzClass (2022) to Metafy.

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byFounders

Copenhagen, Denmark·Founded 2017·

Venture Capital

·byfounders.vc

Nordic-Baltic seed-stage VC (offices in Copenhagen and Stockholm) backing experienced founders across climate tech, AI, fintech, deeptech and healthtech; makes ~8-15 new pre-seed/seed investments per year with EUR 0.5-4M tickets.

AUM

–

Funds

vintages 2017–2023

Portfolio

Exits

byFounders is a Copenhagen venture capital firm with 57 active companies and 9 exits.

SectorsTMT Software Financials

Key takeaways

·9 exits in the last 5 years · consistent DPI cadence.
·Average hold across 9 realized deals: 4 years.
·Fund cadence: ~3Y between vintages · last raise 2023.

Sector breakdown

66 companies

SaaS

11 · 17%

AI/ML

8 · 12%

ClimateTech

7 · 11%

DevTools

5 · 8%

Fintech

5 · 8%

Gaming

4 · 6%

HealthTech

3 · 5%

Biotech

2 · 3%

Geography breakdown

14 geographies

Denmark

23 · 35%

8 · 12%

Finland

8 · 12%

Germany

7 · 11%

Sweden

6 · 9%

Norway

3 · 5%

Estonia

3 · 5%

Iceland

2 · 3%

Key facts

HQCopenhagen, Denmark

Founded2017

Employees16+

Websitebyfounders.vc

Recent exits

byFounders sold Outfunnel to Pipedrive in 2026 after 6 years.

byFounders sold Contractbook to Scrive in 2025 after 6 years.

byFounders sold Garden to Incredibuild in 2024 after 4 years.

byFounders sold PipeBio to Benchling in 2024 after 3 years.

Coverage notes

3 funds tracked, 66 portfolio companies (57 active · 9 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

3 funds

Fund

Strategy

Vintage

Size

Assets

Exits

byFounders III

VC202325 assets

2023 · 3yr

–

Unrealized

25 held

Company	Entry
Apylon SaaS · Denmark	2026
Arsenale Biotech · Italy	2025
Cloudgeni Cloud Infrastructure · Norway	2026
DREM ClimateTech · Denmark	2023
Figurement SaaS · Denmark	2024
Flare AI/ML · Denmark	2026
Fload SaaS · United Arab Emirates	2026
FocalX AI/ML · Denmark	2025
Francis SaaS · US	2023
Intric AI/ML · Sweden	2025
Jellatech FoodTech · US	2023
Livv HealthTech · Norway	2024
Loki Robotics Deep Tech · Switzerland	2025
Lovable DevTools · Sweden	2023
Meine Erde ClimateTech · Germany	2024
Parahelp AI/ML · Denmark	2024
QA.tech DevTools · Sweden	2023
Rig.dev DevTools · Denmark	2023
Skye ClimateTech · Sweden	2024
Spiral Hydrogen ClimateTech · Estonia	2026
Sumary Fintech · Denmark	2025
Tangled DevTools · Finland	2026
Verda Cloud Infrastructure · Finland	2024
Visoid AI/ML · Norway	2026
Willo Deep Tech · Finland	2026

byFounders IIHarvesting

VC202023 assets5 exits

2020 · 6yr

–

Unrealized

23 held

Company	Entry
Aero Guest Hospitality · Denmark	2020
Aumio HealthTech · Germany	2022
Bob W Hospitality · Finland	2020
Cello SaaS · Germany	2022
Creative Force SaaS · Denmark	2022
Dazzle Rocks Gaming · Finland	2020
Digitail SaaS · Romania	2021
Ento Labs ClimateTech · Denmark	2022
Fuzey SaaS · UK	2021
IXI MedTech · Finland	2022
Januar Fintech · Denmark	2021
Lucinity Fintech · Iceland	2020
Monta Mobility · Denmark	2020
Proper PropTech · Denmark	2020
Salto X Fintech · Estonia	2022
Smitten Consumer · Iceland	2021
Sourcio HR Tech · Finland	2021
Starberry Games Gaming · Finland	2020
Supernormal AI/ML · US	2022
Vibrant Fintech · Denmark	2022
Watalook SaaS · Lithuania	2022
Yaak Technologies Mobility · Germany	2021
Zefram SaaS · Denmark	2020

Realized

5 exits

Company	Entry	Exit	Type	Buyer	MOIC
GamerzClass Gaming · Denmark	2021	2022	Trade Sale	Metafy	–
Garden DevTools · Germany	2020	2024	Trade Sale	Incredibuild	–
Outfunnel SaaS · Estonia	2020	2026	Trade Sale	Pipedrive	–
PipeBio Biotech · Denmark	2021	2024	Trade Sale	Benchling	–
Spoke AI/ML · Germany	2022	2024	Trade Sale	Salesforce	–

byFounders IHarvesting

VC20179 assets4 exits

2017 · 9yr

–

Unrealized

9 held

Company	Entry
Cobalt Cybersecurity · US	2018
Corti HealthTech · Denmark	2018
Greenely ClimateTech · Sweden	2019
Normative ClimateTech · Sweden	2019
Quantica Industrials · Germany	2019
QVIN MedTech · US	2018
Rune Gaming · US	2019
SafetyWing InsurTech · US	2018
Spiio AgTech · US	2018

Realized

4 exits

Company	Entry	Exit	Type	Buyer	MOIC
Contractbook LegalTech · Denmark	2019	2025	Trade Sale	Scrive	–
Eduflow EdTech · Denmark	2017	2023	Trade Sale	Multiverse	–
Omnio Software · Denmark	2018	2022	Trade Sale	IBM	–
Uizard AI/ML · Denmark	2018	2024	Trade Sale	Miro	–

Frequently asked questions

What investment strategy does byFounders focus on?: byFounders focuses on VC strategies in the private equity space.
How many portfolio companies does byFounders have?: byFounders has 57 active portfolio companies and 9 completed exits and 3 funds tracked on GP Intel.
Where is byFounders headquartered?: byFounders is headquartered in Copenhagen, Denmark.
When was byFounders founded?: byFounders was founded in 2017.
What sectors does byFounders invest in?: byFounders invests across TMT, Software, Financials.
What are byFounders's recent exits?: Recent realized exits by byFounders include: Outfunnel (2026) to Pipedrive; Contractbook (2025) to Scrive; Garden (2024) to Incredibuild; PipeBio (2024) to Benchling; Spoke (2024) to Salesforce; Uizard (2024) to Miro; Eduflow (2023) to Multiverse; GamerzClass (2022) to Metafy.