Scale Capital

Scale Capital is a Danish venture fund from 2012 investing in Nordic B2B tech startups at Seed/Series A and helping them win in the US. We write €1-4M checks for companies with a strong proof of business model. Investment themes: Impact, Digital Health, Future of work, Deep tech, and Industrial tech. Our team is headquartered in Copenhagen, Denmark with offices in NYC and Silicon Valley.
Type VC
Website scalecapital.com

Investment info

Invests in
Go to market
Growth and expansion
Investment range
€ 1 - 5M
Primary markets
Companies, Marketplace, Government
Investing in countries
Denmark, Finland, Norway, Sweden

Focus areas

Education
Education
Energy & Greentech
Energy & Greentech
Media & Entertainment
Media & Entertainment
Fintech
Fintech
See all 22 focus areas

Investments

Airtame

Cylindo

UNSILO

Donkey Republic

NewBanking

Be My Eyes

Actimo - a Kahoot! company

Alex Therapeutics

See all 19 investments

Key people

Investment Associate

Joachim Schelde

LJ
Managing Partner

Lars Jensen

KG
General Partner

Kenneth Grunow

Invests in SDGs

More about Scale Capital

Experience/track record

Scale Capital has during the past decade made 20 investments and 9 exits. They now operate from their fund III, a newly launched €70M fund. Their team has a varied pool of experience that allows them to advise on hands-on technology matters as well as management challenges.

 

How much do they invest?

Their ticket size is between €1-4M. During follow-on rounds the total investment allocation per company can go up to €8M. They aim for a 10-20% ownership share and prefer to be the lead investor on the seed stage and co-lead on Series A rounds. But all vehicles/structures are possible.

 

How do they work?

They are an engaged, active partner that brings more than just capital; they bring internationalization know-how, differentiated domain knowledge, and access to stakeholders. They see great value in ensuring mutual compatibility and securing alignment by working with the founder team for three months or more before investing. They call this their "kissing period".

 

This makes a difference to them

They have a soft spot for scalable go-to-market strategies and hardworking teams, which they are able to conduct an honest dialogue with. They believe great investing comes down to relationships rather than transactions, which helps them form strong and lasting partnerships with their companies and collaborators.

 

A good pitch for them

Be sharp, specific and honest when it comes to defining the originality of idea, business model and target customers. They prefer short pitch decks that include a "biggest risk" slide and precise market estimations rather than guesses. Scale Capital invests in companies with a strong proof of business model, preferably +€50K MRR and more than 10% MoM growth rate.

How to contact

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