What investment strategy does Capnova focus on?

Capnova focuses on VC strategies in the private equity space.

How many portfolio companies does Capnova have?

Capnova has 6 completed exits and 1 fund tracked on GP Intel.

Where is Capnova headquartered?

Capnova is headquartered in Aarhus, Denmark.

What sectors does Capnova invest in?

Capnova invests across TMT, Healthcare, Software, Consumer.

What are Capnova's recent exits?

Recent realized exits by Capnova include: Triband (2020) to Triband ApS; Aros Applied Biotechnology (2013) to Eurofins; Action Pharma (2012) to Abbott; MediConnect (2005) to Kommuneinformation A/S (now part of EG).

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Capnova

Aarhus, Denmark·Founded 1998·

Venture Capital

·capnova.dk

CAPNOVA is a Danish early-stage venture and seed investor based in Aarhus, rooted in Ostjysk Innovation, one of six regional innovation environments (innovationsmiljoer) set up under the Danish state scheme in 1998. It took the CAPNOVA name in 2014 through the merger of Ostjysk Innovation and CAT Innovation, and in 2022 five partners acquired the firm from its long-standing owners in a management buyout. Historically a public-backed, evergreen investor deploying small pre-seed and seed tickets (roughly DKK 25m a year, with per-company limits of about DKK 6.5-10m) into digital technology, games, life-science and food-tech spin-outs and SMEs across Denmark, it now also manages the regional Midtjysk Ivaerksaetter Fond. Notable exits include Action Pharma (sold to Abbott), Aros Applied Biotechnology (sold to Eurofins) and the game studios SYBO (Subway Surfers) and Triband.

AUM

–

Funds

vintages 1998

Portfolio

Exits

Capnova is an Aarhus venture capital firm with 6 exits.

SectorsTMT Healthcare Software Consumer

Key takeaways

·Average hold across 6 realized deals: 6 years.
·Top sector focus: Biotech (50% of portfolio).

Sector breakdown

6 companies

Biotech

3 · 50%

Gaming

2 · 33%

HealthTech

1 · 17%

Key facts

HQAarhus, Denmark

Founded1998

Employees5+

Websitecapnova.dk

Recent exits

Capnova sold Triband to Triband ApS in 2020 after 4 years.

Capnova took SynAct Pharma public in 2016 after 4 years.

Capnova sold Aros Applied Biotechnology to Eurofins in 2013 after 13 years.

Capnova sold Action Pharma to Abbott in 2012 after 10 years.

Coverage notes

1 fund tracked, 6 portfolio companies (0 active · 6 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

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

1 fund

Fund

Strategy

Vintage

Size

Assets

Exits

CAPNOVAActive

VC19980 assets6 exits

1998 · 28yr

–

Realized

6 exits

Company	Entry	Exit	Type	Buyer	MOIC
Action Pharma Biotech · Denmark	2002	2012	Trade Sale	Abbott	–
Aros Applied Biotechnology Biotech · Denmark	2000	2013	Trade Sale	Eurofins	–
MediConnect HealthTech · Denmark	2001	2005	Trade Sale	Kommuneinformation A/S (now part of EG)	–
SYBO Games Gaming · Denmark	2011	2012	Secondary	–	–
SynAct Pharma Biotech · Denmark	2012	2016	IPO	–	–
Triband Gaming · Denmark	2016	2020	MBO	Triband ApS	–

Frequently asked questions

What investment strategy does Capnova focus on?: Capnova focuses on VC strategies in the private equity space.
How many portfolio companies does Capnova have?: Capnova has 6 completed exits and 1 fund tracked on GP Intel.
Where is Capnova headquartered?: Capnova is headquartered in Aarhus, Denmark.
When was Capnova founded?: Capnova was founded in 1998.
What sectors does Capnova invest in?: Capnova invests across TMT, Healthcare, Software, Consumer.
What are Capnova's recent exits?: Recent realized exits by Capnova include: Triband (2020) to Triband ApS; Aros Applied Biotechnology (2013) to Eurofins; Action Pharma (2012) to Abbott; MediConnect (2005) to Kommuneinformation A/S (now part of EG).