Venture Capital Firms in Denmark

55 North is a Copenhagen-based venture capital fund exclusively dedicated to investing across the quantum technology stack. The firm targets startups at all stages that are developing quantum computing, quantum communications, quantum sensing, and enabling technologies essential for the quantum ecosystem. With a long-term investment horizon, 55 North aims to support breakthrough innovations that can reshape industries and society at large. The team at 55 North combines deep scientific and technical expertise with a strong investment track record. By collaborating with world-class entrepreneurs, scientists, and co-investors, the firm plays an active role in building quantum companies that address real-world problems. Its hands-on approach includes strategic guidance, business scaling support, and access to a global network across academia, industry, and capital markets. With a vision to make Europe a global center for quantum innovation, 55 North is committed to fostering an ecosystem that prioritizes both economic value and societal impact. Through its global investment strategy and European base, the firm bridges regional strengths with international opportunities, helping to turn frontier science into scalable, impactful technologies.

Butterfly Ventures is a leading seed-stage focused venture capital firm in the Nordics, specializing in deep tech, hardware, and hardware-interfacing software. The firm is particularly interested in companies that demonstrate a clear social or environmental impact. They adopt a cooperative approach, working closely with founders from the early stages, often investing when companies have no revenue, and aiming to help them generate revenue within six months of the initial investment. Butterfly Ventures has a significant capacity for follow-on investments to support portfolio companies as they scale.Founded in 2012, Butterfly Ventures has established itself as one of the most active early-stage VCs in the Nordic and Baltic regions. The firm operates offices in Oulu and Helsinki, Finland; Stockholm, Sweden; Tallinn, Estonia; and Copenhagen, Denmark. Notably, Butterfly Ventures was recognized by Forbes as the first VC fund in Europe to operate 100% carbon neutrally, underscoring their commitment to sustainability and responsible investment practices, aligning with EU Article 8 and the Sustainable Finance Disclosures Regulation.The firm's portfolio showcases a diverse range of innovative companies. Notable investments include Zenniz, which is developing an end-to-end smart tennis court system; SpinDrive, focused on cutting industrial energy waste with magnetic levitation bearings; Geyser Batteries, specializing in high-density energy storage; Surgify, which aims to set new bone-surgery standards; Cerenion, providing solutions for measuring brain function in intensive care; Naava, addressing global health problems; KNL Networks, offering SATCOM replacements; and Valossa, known for its advanced multi-modal video AI. These investments reflect Butterfly Ventures' focus on disruptive technologies with tangible real-world applications.The Butterfly Ventures team comprises experienced professionals with diverse backgrounds in entrepreneurship, venture capital, and technology management. Key partners include Matti Kanninen (Co-Founder and Managing Partner), Juho Risku (Co-Founder and Partner), Ville Heikkinen (Partner), and Tanya Marvin-Horowitz (Partner). The team's collective expertise and hands-on approach are integral to their strategy of supporting startups from inception through various growth stages, fostering innovation, and driving value creation in their portfolio companies.

byFounders is a community-powered venture capital firm established in 2017, focusing on early-stage technology companies. The firm primarily invests in globally ambitious and impact-aware founders, particularly those connected to the Nordic and Baltic regions. They are known for their founder-friendly terms and a commitment to fostering transparent relationships with the entrepreneurs they support. Their investment strategy centers on backing software-driven businesses across various sectors, aiming to solve pressing global challenges.The firm was co-founded by Eric Lagier and Tommy Andersen in 2017, with a vision to create a unique fund that leverages the collective experience of successful founders. byFounders operates with a core team of experienced investors and operators, complemented by the 'byFounders Collective.' This collective comprises over 40 accomplished Nordic and Baltic founders and operators who provide mentorship, operational support, and a world-class network to portfolio companies, acting as both advisors and limited partners in the fund.byFounders invests across Pre-Seed, Seed, and Series A stages, with an average ticket size ranging from EUR 500K to 4 million. Their portfolio includes companies like Flare, Tangled, Intric, and Willo, demonstrating investments in areas such as trust infrastructure, AI for software development, AI for public agencies, and wireless power solutions. Notable past investments also include AeroGuest, Contractbook, and Corti. The firm actively seeks companies that contribute positively to the world, balancing financial returns with responsible and impact-aware investing.The investment team at byFounders brings diverse expertise, with members like Casper Bjarnason focusing on climate tech and fintech, Deina Kellezi on AI in healthcare and complex workflows, Johan Jessen on robotics and biotech, and Magnus Hambleton on DeepTech, HealthTech, AI/ML, and Dev Tooling. Founding Partner Eric Lagier has extensive operational experience from Silicon Valley and Scandinavia, including roles at Skype and Tradeshift. The team's collective background in founding, scaling, and advising startups provides comprehensive support to their portfolio companies.

Courtside Ventures is a prominent early-stage venture capital firm that strategically invests in companies at the dynamic intersection of sports, lifestyle, and gaming. The firm partners with innovative founders who are redefining traditional boundaries within these sectors, recognizing them as significant growth areas where the next generation of consumers is expected to allocate an increasing share of their time and spending. Courtside Ventures emphasizes a data-driven approach to identifying and backing high-potential startups globally.The firm was founded in 2015 by managing partners Vasu Kulkarni and Deepen Parikh. Kulkarni, a former founder of a sports analytics company, and Parikh, with a background in early-stage technology incubation, brought together their expertise and passion for these verticals to establish Courtside Ventures. They aim to provide strategic support to their portfolio companies by leveraging extensive industry relationships and deep domain knowledge, helping these businesses gain a competitive edge and scale effectively.Courtside Ventures manages over $200 million in assets across three funds and boasts a portfolio of more than 80 active investments. Notable companies within their portfolio include StockX, 100 Thieves, and The Athletic, which was acquired by The New York Times. The firm's investment focus spans new sports platforms, content creation and distribution, sports betting, personalized wellness, and gaming infrastructure, reflecting their commitment to evolving consumer trends. They have also invested in companies like Packz (Financial Services) and Eloelo (Social/Platform Software).The Courtside Ventures team comprises experienced partners and a robust advisory board with diverse backgrounds in technology, media, sports, gaming, and fitness. Key team members include partners Vasu Kulkarni, Deepen Parikh, and Kai Bond, along with venture partner Oliver Ressler and principal Cort Post. Advisors such as Larry Fitzgerald (Sports), Sean Hurley (Real Money Gaming), and Andrew Stalbow (Gaming) contribute specialized expertise, further enhancing the firm's ability to support its portfolio companies and navigate complex market landscapes.

Delphinus Venture Capital is a Danish investment firm dedicated to backing research-driven startups that address significant global challenges. The firm focuses on scalable, deep tech solutions with strong defensibility across key verticals, including Food & Agriculture, Health & Longevity, Defense & Security, and Energy & Bioeconomy. They seek companies developing innovative software and AI with proprietary data, hardware with outsourced manufacturing, biotechnology with robust intellectual property, and enabling technologies that accelerate R&D in deep tech. The firm explicitly avoids business models reliant on high capital expenditure, low margins, limited defensibility, foundational AI models, capital-intensive manufacturing, or consumer products competing primarily on price.Launched in 2025, Delphinus Venture Capital operates as an evergreen fund with €80 million in capital, providing a long-term perspective on value creation. The fund was established through a collaborative effort by four prominent limited partners: Aarhus University Research Foundation, Salling Group, Norlys, and Heartland. Based in Aarhus, Denmark, the firm maintains close proximity to leading research environments such as Aarhus University and Aarhus University Hospital, aiming to bridge the 'valley of death' for deep tech startups. Mathias Brink Lorenz was appointed as the fund's CEO and director, bringing international venture capital experience to the role.The firm's portfolio showcases a diverse range of innovative companies transforming various sectors. Notable investments include Decameal, a foodtech company valorizing invasive shore crabs into sustainable protein; EtOH Spirits, which develops technology to accelerate spirit maturation; MedicQuant, a MedTech firm creating rapid diagnostics for acute stroke care; and Kvantify, a deep-tech company advancing drug discovery through computational software. Other portfolio companies include Reduced, focusing on natural savory ingredients; LevitaCare, a MedTech device for postpartum pelvic floor support; Ora Biotics, developing prebiotic ingredients; Cystotech, with AI-based bladder cancer diagnostics; and Cordulus, providing hyper-local weather forecasts.The Delphinus Venture Capital team is characterized by a blend of experience, network, and dedication, coupled with a genuine curiosity for the founders and their ideas. They are committed to supporting passionate entrepreneurs who aim to translate research into tangible impact. The team, including CEO Mathias Brink Lorenz, leverages their venture capital expertise, scientific insight, and operational understanding to provide strategic guidance, network access, and mentorship, assisting startups in refining products, entering markets, and scaling efficiently.

DIG Investment is an international private investment group established in 2011, originating from a private family office. The firm focuses on backing transformative, future-shaping companies across private markets, providing both growth and transitional capital. They are dedicated to supporting category-defining businesses that address pressing global challenges and redefine industries, with a particular interest in strong secular growth markets and disruptive innovations. The firm emphasizes embedding sustainability and responsible growth into every business they support.Founded by a private family office in 2011, DIG Investment initially served a select global network of family offices. Over more than a decade, the firm has evolved into a leading investment platform for the global family office community, leveraging its reputation and extensive industry relationships to access exclusive investment opportunities. Their vision is to deliver consistent, sustainable long-term returns by partnering with generational businesses at the forefront of their sectors.The investment strategy of DIG Investment spans the full company lifecycle, from early-stage innovators to global scale-ups, with a primary focus on growth. They typically acquire non-controlling minority stakes and act as transitional capital providers, with an average holding period of approximately five years. The firm employs a "Land and Expand" strategy, beginning with an initial small investment and deploying follow-on capital as companies demonstrate strong performance and achieve milestones. Notable portfolio companies include unicorns like OYO and Ola.DIG Investment operates as a Scandinavian firm with a significant international presence, maintaining main offices in Sweden and Denmark, and partnership offices across Europe, North America, and Asia. The firm invests alongside reputable family offices, experienced operators, and capital providers globally, aiming for a target net IRR of +25% and having invested $1 billion in capital. They boast a network of 300 active investors and a 5% co-invest ratio, highlighting their collaborative approach to investment.

ICOS Capital is a Dutch-based ClimateTech Venture Capital firm established in 2005, dedicated to accelerating sustainability by investing in breakthrough technologies. The firm's ambitious mission is to facilitate the reduction or avoidance of one gigaton of CO2 equivalent emissions by 2050. They achieve this by focusing on early-growth stage companies with validated business-to-business market traction, particularly within the food systems, chemicals & materials, sustainable industry process & digital technologies, and decarbonization sectors.The firm operates on a unique Collaborative Venturing Platform (CVP) model, which brings together fast-growth innovators and sector-leading corporations. This platform facilitates growth financing, engineering and production expertise, infrastructure, and market access for their portfolio companies. Nityen Lal, a Founding Partner, emphasizes that this proven model is crucial for tackling the urgent and complex challenge of decarbonizing to Net Zero.ICOS Capital has made numerous investments in companies that align with its sustainability mission. Notable portfolio companies include Foamlab, which recently raised €3 million in growth capital, eAgronom, whose Soil Carbon Program secured Verra's registration, and Mevaldi B.V. Other significant investments include Carbon Clean, Squirro, TRACT, Holiferm, Nutrileads, Invert Robotics, Plantics, RainMaker WorldWide (which had an IPO), Bioactor (which was acquired), Photanol, Silgan, Point Source Carbon Capture Technology, Hudson River Biotechnology, CarbonOrO, and 1-2 Taste.The ICOS Capital investment team boasts over 75 years of cumulative venture capital experience, with members who have led and internationally syndicated deals with top-tier funds, realized trade sales and IPOs, and assisted startups in becoming successful ventures. Key team members include General Partners Nityen Lal and Peter van Gelderen, CFO Rudi Dupper, and Investment Committee Chair John van Grootel. The firm also leverages a network of industry partners and venture partners, such as Jos Keurentjes, an experienced scientist and innovation leader, to provide extensive expertise and support to its portfolio companies.

Kinnevik is a leading growth investor, active owner, and operational partner that provides patient capital to challenger technology-enabled businesses primarily in Europe and the US. Founded in 1936, the firm has a long-standing history of backing innovative entrepreneurs who leverage technology to redefine industries and improve everyday life. Kinnevik focuses on building tomorrow's leaders within the healthcare, software, and climate technology sectors, investing across all stages of a company's growth journey to create long-term value.The firm's origins trace back to 1936, when it was founded by Hugo Stenbeck, Wilhelm Klingspor, and Robert von Horn in Sweden. Initially, Kinnevik made strategic investments in traditional Swedish industries such as agriculture, candy, and forestry. Over the decades, Kinnevik evolved, demonstrating a consistent theme of challenging established norms with innovative technologies and business models. This entrepreneurial spirit and long-term perspective are central to its investment philosophy, allowing the firm to invest from its own balance sheet and support companies from early stage through to IPO and beyond.Kinnevik's diverse portfolio includes notable companies such as Spring Health, Mews, Pleo, Cityblock, Oviva, Enveda, Tandem Health, and Strand Therapeutics. The firm actively seeks out businesses that can become platforms and generate significant outcomes, with a particular emphasis on exceptional operational metrics. Recent investments highlight a focus on AI-driven solutions, such as AI-driven drug discovery platforms and medical AI scribes, alongside continued commitment to digital health, business software, and clean energy technologies.The Kinnevik team comprises a diverse group of professionals, including entrepreneurs, engineers, PhDs, bankers, and management consultants, based in Stockholm and London. This varied expertise enables the firm to provide hands-on operational support and strategic guidance to its portfolio companies across Europe and the US. Senior executives include Rubin Ritter (Interim Chief Executive Officer), Samuel Sjöström (Chief Financial Officer), Anna Stenberg (Chief People & Platform Officer), and Christian Scherrer (Senior Investment Director), who collectively drive the firm's mission to build impactful and generational businesses.

MAJ Invest is a prominent Danish financial group that provides a comprehensive range of investment and advisory services to a diverse client base, including retail investors, institutional clients, and international partners. The firm's core activities encompass asset management, private equity investments, banking services, and tailored wealth management. Their investment philosophy is deeply rooted in thorough analysis and a profound understanding of economic fundamentals, prioritizing long-term value creation over short-term market fluctuations.The MAJ Invest Group was established in May 2005 and operates under an ownership structure where management and employees hold significant stakes. This model fosters a strong alignment of interests between the firm and its clients, emphasizing a shared commitment to investment success. The group's strategic approach is characterized by a knowledge-driven methodology, where investment decisions are meticulously researched and evaluated.In the realm of private equity, MAJ Invest Equity actively invests in small and medium-sized Danish enterprises demonstrating clear growth potential, with notable portfolio companies including ferm LIVING, Genan, and Good Food Group. Through its Global Private Equity (Minorities) funds, the firm targets structural growth sectors such as life sciences, technology, and energy transition, having invested in innovative companies like ICONIQ Growth, Magnus Medical, and EnergyRe. Furthermore, MAJ Invest has a dedicated focus on financial inclusion, deploying capital into companies across Africa, Asia, and Latin America, exemplified by investments such as SAVE Solutions. The firm also manages listed securities, with holdings in major companies like Berkshire Hathaway and Qualcomm.The strength of MAJ Invest lies in its team of highly qualified professionals, who bring competent investment advice, in-depth market knowledge, and analytical expertise to the forefront. The team's diverse academic and professional backgrounds are instrumental in assessing the commercial, technological, and strategic prerequisites of each investment case. This collective expertise enables MAJ Invest to identify unique value pockets and long-term growth opportunities that might be overlooked by others, reinforcing their commitment to building innovative and impactful companies.

Nine Realms is a venture capital firm dedicated to empowering future supply chains through strategic investments in early-growth companies. The firm focuses on the crucial product-market fit stage, aiming to bridge the gap between early-stage specialists and later-stage growth equity. Their investment strategy targets solutions that leverage digitization and artificial intelligence for optimization, software-driven solutions integrated with robotics and drones for automation, and initiatives that prioritize transparency and sustainable movements of goods. Additionally, Nine Realms invests in B2B services that utilize technology to create significant value and connect supply with demand across the supply chain.Founded in 2021, Nine Realms was established with a mission to create the future of trade by building ecosystems and shaping global supply chains, particularly across Europe and North America. The firm seeks out founders with dual expertise in technology and industry, fostering disruptive business models that can reshape industries. They also assist supply chain startups in identifying, realizing, and leveraging the environmental impact of their innovations.Nine Realms invests in companies covering the entire spectrum of the supply chain. A notable investment includes Clearly, a pioneering climate intelligence platform that utilizes AI-driven insights to help fleet operators achieve their net-zero targets. The firm typically makes investments ranging from €3-10 million in companies at the Seed to Series B stages.The team at Nine Realms brings together over 200 years of combined experience in supply chain and venture capital. This extensive expertise allows them to identify signals of outperformance early and actively engage at board and operator levels, providing specialized support through their networks and corporate partners. Key team members include Managing Partner Sune Stilling, Partners Christy McCaig and Frederik Roikjer, and Venture Partners Peter Friis, Erikha Harket, Will Urban, Betty Yan Liu, Rasmus Jacobsen, Arnaud Houles, and Peter Hildebrandt, along with advisors Thomas Knudsen and Jacob Ørnstrand.

Node Capital, operating as node.vc, is an early-stage venture capital firm based in Stockholm, Sweden, with a strong focus on the Nordic region. The firm positions itself as a backer of "Nordic Game Changers," investing in groundbreaking technology startups. While sector-agnostic, Node Capital specifically targets companies driven by disruptive forces in areas such as new experiences, gaming, new media, health technology, on-demand technology, platform technologies, fintech, IoT, Web 3.0, machine intelligence, smarter workplaces, developer tools, digital workplaces, marketing technology, and productivity tools.The firm was founded in 2022 and commenced its investment activities in early 2024. Node Capital's approach is rooted in the extensive operational experience of its team, who have collectively built, run, and funded over 40 successful technology ventures. They aim to leverage this hands-on experience to support the next generation of entrepreneurs, helping to mitigate risks and navigate the complexities of building a company.Node Capital's portfolio includes a diverse range of early-stage companies. Notable investments feature Redpine, which focuses on data infrastructure for AI; Spaak, a vertical AI solution for public affairs; Vaja, developing disruptive wind-adaptive solar farm technology; Roro Interactive, a creative play studio; Lemonado, a low-code platform for dashboards and apps; Starhive, offering next-gen unified data management; Serverpod, an open-source app server for Flutter developers; Sponswatch, an AI-powered sponsorship measurement technology; Onio, specializing in low-power microcontrollers; Acembee, an AI-powered platform for sustainability reporting in construction; and Favora, an AI fashion search engine.The team at Node Capital comprises experienced founders, operators, and investors, including Managing Partner John Elvesjö, Partners Daniela Sjunnesson, Henrik Tellving, and Mårten Skogö, Investment Principal Rebecca Sjödin, and several other investment and venture professionals. Their collective background spans various aspects of the tech industry, from developing technological solutions and filing patents to leading engineering operations and scaling companies internationally. This deep expertise and a robust network of prominent tech entrepreneurs across the Nordics provide significant value-add to their portfolio companies.

Nordic Family Office is a Danish firm that operates as a single-family office, primarily focused on providing comprehensive advisory services for high-net-worth and ultra-high-net-worth families and their businesses. The firm's core mission revolves around wealth management, wealth preservation, and fostering strong intergenerational relationships within family enterprises. They emphasize a holistic approach that considers both financial and human dynamics, recognizing that the success of a family business is deeply intertwined with the relationships, motivation, and collaborative abilities of its members.The foundation for Nordic Family Office was laid in 2020 by Mette Ballari and Angoline Berge Tobias, who brought together their extensive experience in consulting, advisory, and human development. Mette Ballari has over two decades of experience working with family-owned businesses across the Nordics and globally, specializing in strategic planning for ownership and leadership. Angoline Berge Tobias contributes deep expertise in human and relational development, having worked as an NLP Master, trainer, and coach for numerous leaders and teams. The firm was formally established in 2023, with a clear vision to support families in navigating complex ownership and leadership challenges.Nordic Family Office offers a range of services designed to develop and preserve family businesses and their relationships for generations. These services include advisory and facilitation in critical areas such as ownership collaboration, generational transitions, and family dynamics. They also provide tailored courses and programs aimed at building insight, growing competence, and supporting personal and collective development among family owners and leaders. The firm acts as a trusted advisor, guiding families through significant transitions and daily decisions, rather than dictating solutions.The team at Nordic Family Office, including partners like Mette Ballari, Angoline Berge Tobias, and Linda Storholm, leverages their diverse backgrounds to offer expertise in strategic planning, human development, and communication. Thomas Wind serves as a director and is responsible for handling complaints. While based in Denmark, their advisory scope extends across the Nordic region and globally, reflecting their commitment to supporting family businesses in various contexts and fostering long-term value creation.

Sound Bioventures is a venture capital firm dedicated to investing in private companies in Europe and the USA that are in about-to-be clinical or clinical stages. The firm focuses on developing novel medicines designed to address significant unmet medical needs. Their investment strategy emphasizes supporting companies as they enter the most value-generating phases of drug development, aiming to answer the critical question of whether a drug is effective. Sound Bioventures is registered as an alternative investment fund under the Swedish Alternative Investment Funds Managers Act.The firm's origins trace back to a Danish-Swedish collaboration, founded by Casper Breum (Danish) and Johan Kördel (Swedish). The name "Sound Bioventures" is inspired by the Öresund (or Øresund), the stretch of water connecting Denmark and Sweden, reflecting their Scandinavian roots and international outlook. While rooted in the Medicon Valley region, their investment activities are designed to span across Europe and the USA, with a particular emphasis on companies with Scandinavian ties.Sound Bioventures maintains a diverse portfolio of biotechnology companies, including Aboleris, AnaCardio, Artax Biopharma, Arthex, BOOST Pharma, Breye Therapeutics, NephroDI, Teitur, Theolytics, and VarmX. These companies are engaged in developing therapies for various conditions, such as heart failure, autoimmune diseases, neurodegenerative diseases, and reversing the action of anticoagulants. The firm's first fund successfully raised €110 million, anchored by significant investors like Novo Holdings, Saminvest, Vækstfonden, the European Investment Fund (EIF), and Ramsbury Invest.The leadership team at Sound Bioventures includes Managing Partners Casper Breum and Johan Kördel, along with Principals Ester Sklarsky, Anna Gran, and Linda Spahiu Elvesjö, and Office Manager Anne Marie Simon. Bibhash Mukhopadhyay was also part of the founding team. The team brings extensive experience in life sciences and drug development, with a strong preference for scientific or medical education and operational experience in the biotech or pharmaceutical industry. They are committed to a proactive approach to ESG issues within their investment and portfolio management processes.

Unconventional Ventures is a European venture capital firm dedicated to investing in early-stage startups led by underrepresented founders. With a strong belief that diversity drives innovation, the firm focuses on supporting teams that challenge the status quo and bring fresh perspectives to technology and business. Unconventional Ventures is particularly passionate about funding women, LGBTQ+, and minority founders who are building scalable and impact-driven solutions. The firm takes a purpose-led approach to venture capital, aligning capital with positive societal change. It targets sectors where technology can be a force for good, such as healthtech, climate, fintech, and inclusive digital services. By combining capital, mentorship, and a community of like-minded changemakers, Unconventional Ventures helps its portfolio companies grow sustainably while delivering measurable impact. Based in Copenhagen, the firm invests primarily across the Nordics and Europe, seeking out founders with bold visions and overlooked potential. Unconventional Ventures continues to expand its footprint and reputation as a champion for equitable access to venture funding, leading a new wave of inclusive innovation.

Underground Ventures is a technology investment firm dedicated to advancing geothermal energy solutions globally. The firm focuses on early-stage technology companies that are developing innovations to enable the widespread production of geothermal energy. Their investment scope covers critical areas such as advanced drilling techniques, well casing, rig and supply chain optimization, reservoir development, and turbine/energy conversion technologies. The firm aims to support the energy transformation by making carbon-neutral, abundant, and constant geothermal energy accessible anywhere, with a long-term vision for geothermal energy to constitute at least 10% of global energy production.The firm was founded in 2024 by startup veterans Joachim Ante and Torsten Kolind. Joachim Ante, co-founder and former CTO of Unity Technologies, provides the financial backing, while Torsten Kolind, co-founder and former CEO of YouNoodle, leads the investment strategy. Their background as startup founders allows Underground Ventures to undertake risks that traditional venture capital firms might avoid, working closely with inventors and technologists to scale novel deployments beyond their initial stages. The firm operates with an initial capital commitment of USD 40 million, offering investment tickets ranging from USD 250,000 to USD 5 million, and is open to leading investment rounds.Underground Ventures has made notable investments in companies that are at the forefront of geothermal technology. Their portfolio includes GA Drilling, a company focused on making deep geothermal drilling commercially viable through advanced systems like NexTitan, which aims to reduce drilling costs and increase efficiency. Other investments include Borobotics, which manufactures drilling robots for geothermal energy extraction, and Hephae Energy Technology, a developer of high-temperature drilling technology for geothermal exploration and extraction. These investments reflect the firm's commitment to supporting innovative solutions across the geothermal technology stack.The team at Underground Ventures brings a wealth of experience from both the technology and energy sectors. Founding Partner Joachim Ante's deep technical background from Unity Technologies complements Co-Founder and Managing Partner Torsten Kolind's expertise in building and scaling startups. The firm is further supported by a strong advisory board, including Terra Rogers, a Superhot Rock Advisor from the Clean Air Task Force (CATF), and Rebecca Schulz, an Industry Advisor and former Head of US Energy Transition at Shell. This blend of entrepreneurial, technical, and industry-specific knowledge positions Underground Ventures to effectively identify and nurture groundbreaking geothermal technologies.