Blackwood Ventures

BlackWood Ventures is a Copenhagen-based, network- and technology-driven venture capital firm that invests in early-stage European startups across fintech, cleantech, and Web3 sectors. Founded in 2023, the firm combines a distributed team across Europe with a proprietary AI-enabled deal flow engine to identify and support high-potential founders from pre-seed through seed stages. The firm leverages a community of over 1,200 angel investors and maintains partnerships with more than 100 accelerators, incubators, and universities across 15+ European countries, enabling it to analyze over 500 startup opportunities monthly while maintaining a pan-European sourcing approach. BlackWood's debut fund closed at $25 million in July 2025 and has made 19 investments across nine European countries, with plans to build a portfolio of approximately 30 startups. The firm is led by CEO and founder Bastian Larsen, an experienced operator and investor, supported by a team of 8 members with backgrounds in finance, entrepreneurship, and technology who speak multiple European languages including English, French, German, Dutch, Swedish, and Danish. BlackWood's investment strategy emphasizes disciplined early-stage deployment with follow-on flexibility, combining high-touch human sourcing through its angel network with data-driven tools to reduce bias in evaluation and move quickly while maintaining rigorous due diligence. The firm provides portfolio companies not only with capital of up to €1 million in initial ticket sizes but also operational support, strategic introductions through its investor club, and 24/7 founder-level support from a team of builders who have previously founded multiple successful companies with €100 million-plus exits.