Northcap
Northcap is a Copenhagen-based venture capital firm founded in 1999 as Internet Ventures Scandinavia and renamed Northcap in 2006. It invests in seed, early-stage and growth-stage B2B software, SaaS and ICT companies across Denmark and Northern Europe, and has managed three closed-end funds since inception. Its most recent vehicle, NCP-IVS Fund III, closed at about EUR 70m in June 2012 with backing from Danish fund-of-funds programs. The firm is led by general partners Kim Wiencken and Thomas Weilby Knudsen, and its notable realizations include Octoshape (sold to Akamai), Falcon.io (sold to Cision), Linkfire (Nasdaq First North IPO) and Visiopharm (sold to Grundium). The firm now appears largely inactive, with its northcap.vc website suspended.
Key facts
Recent exits
Coverage notes
2 funds tracked, 6 portfolio companies (0 active · 6 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
6 companiesFunds & portfolio
Every fund Northcap has raised, with its portfolio companies. Hand-checked from public filings.
Northcap IIIVCRealized2011 · 15yr€70M0 active · 5 realized
Realized
5 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| SaaS |  Denmark | 2012 | 2019 | Trade Sale | – | ||
| SaaS | Denmark | 2017 | 2023 | Secondary | – | ||
| SaaS | Denmark | 2015 | 2021 | IPO | – | – | |
| HealthTech | Denmark | 2015 | 2024 | Trade Sale | – | ||
| HealthTech | Denmark | 2015 | 2026 | Trade Sale | – |
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