Nordic Secondary Fund
Nordic Secondary Fund (N2F), managed by N2F Management ApS in Copenhagen and founded in 2018, is a specialist secondaries investor that acquires minority equity stakes directly in venture and growth-stage operating companies across the Nordic and Baltic region. It buys shares from existing shareholders after a company has completed its Series A, typically at a discount to the last external funding round, targeting a 2x to 5x return within about five years, and runs two funds, Nordic Secondary Fund I and Nordic Secondary Fund II.
Nordic Secondary Fund is a Copenhagen venture capital firm with 27 active companies and 2 exits.
Sector breakdown
29 companiesGeography breakdown
11 geographiesKey facts
Coverage notes
2 funds tracked, 29 portfolio companies (27 active · 2 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Nordic Secondary Fund has raised, with its portfolio companies. Hand-checked from public filings.
Nordic Secondary Fund IISecondaries20228 assetsSecondaries2022 · 4yr–8–
Unrealized
8 held| Company | Entry |
|---|---|
| Bob W. Hospitality · Finland | 2022 |
| GoMore Mobility · Denmark | 2022 |
| Minut PropTech · Sweden | 2024 |
| Nosto E-commerce · Finland | 2024 |
| Pistachio Cybersecurity · Norway | 2025 |
| Remora Robotics AgTech · Norway | 2024 |
| Swappie E-commerce · Finland | 2024 |
| Wingcopter Aerospace & Defence · Germany | 2024 |
Nordic Secondary Fund IHarvestingSecondaries201819 assets2 exitsSecondaries2018 · 8yr–192
Unrealized
19 held| Company | Entry |
|---|---|
| CathVision MedTech · Denmark | 2021 |
| Challengermode Gaming · Sweden | 2021 |
| Cleveron Logistics · Estonia | 2023 |
| Click & Grow AgTech · Estonia | 2020 |
| Cobiro AdTech · Denmark | 2021 |
| DTE Industrials · Iceland | 2023 |
| Fastspeed Telecom · Denmark | 2022 |
| Funderbeam Fintech · Estonia | 2021 |
| Goodiebox E-commerce · Denmark | 2021 |
| Hedvig InsurTech · Sweden | 2022 |
| Kilo Health HealthTech · Lithuania | 2022 |
| Mintos Fintech · Latvia | 2021 |
| Norlase MedTech · Denmark | 2021 |
| OnRobot Industrials · Denmark | 2020 |
| Pixieray MedTech · Finland | 2022 |
| Sonarworks Software · Latvia | 2021 |
| TransferGo Fintech · UK | 2021 |
| Unacast Data & Analytics · US | 2021 |
| Varjo Deep Tech · Finland | 2020 |
Frequently asked questions
- What investment strategy does Nordic Secondary Fund focus on?
- Nordic Secondary Fund focuses on VC, Growth strategies in the private equity space.
- How many portfolio companies does Nordic Secondary Fund have?
- Nordic Secondary Fund has 27 active portfolio companies and 2 completed exits and 2 funds tracked on GP Intel.
- Where is Nordic Secondary Fund headquartered?
- Nordic Secondary Fund is headquartered in Copenhagen, Denmark.
- When was Nordic Secondary Fund founded?
- Nordic Secondary Fund was founded in 2018.
- What sectors does Nordic Secondary Fund invest in?
- Nordic Secondary Fund invests across TMT, Software, Financials, Consumer, Healthcare, Industrials.
- What are Nordic Secondary Fund's recent exits?
- Recent realized exits by Nordic Secondary Fund include: Fiizy (2025) to Clar; Bokio (2022) to Visma.
Similar firms
Other private equity firms tracked on GP Intel.
Denmark·€93.0BDenmark·€1.2B
Denmark·€700MDenmark·€500MDenmark·€300MDenmark·€161M
Denmark·€107MDenmark·€80MDenmark·€40MDenmark·€5MDenmarkDenmark