We look for scalable pre-seed companies that build on a significant innovation with a competitive edge. All backed by a truly competent team.

 

• Turnover of DKK 10-75 million
• Development stage [KBD]: Growth stage with proven operating model
• [KBD] Business model: Product or technology owner

• We invest in tangible product companies with strong growth potential
• Companies must have products on the market with a strong value proposition – typically documented via annual revenue run-rate between 20 and 100 mDKK – and provide a scalable business opportunity in an attractive market
• Last but not least, we are looking for experienced and ambitious teams who want to partner with us on their growth journey

• We are looking broadly at tangible product companies with opportunity for high-growth. Special attention is given to companies with products that either
  • Enable the digital transformation of industry (Industry 4.0) or;
  • Take advantage of the digital transformation to provide new and smarter products, new business models, and/or new levels of operational efficiency

KMD Venture A/S will always invest together with other companies and the purpose is to establish a strategic partnership around the investment opportunity.

We only invest in startups and concepts and contribute with pre-seed or seed funding and the investment must have a strategic fit with KMD A/S.

• Ticket size (5-1M)
• Development stage (Pre-seed – as early as possible)

• Development stage: the earliest stage of the investment chain
• Team is extraordinary and not afraid to think big

• Turnover: N/A
• Development stage: early-stage (pre-seed, seed and series A/A+)
• Exceptional teams boasting both technical and commercial strength

Universal Robots, Kubo Robotics, OnRobot, Effimat (these are in Odense, out of a total of appr 40 investments in DK).

 

• Turnover should reflect proof of business i.e. sales that reflects that customers are willing to pay for the solution. In other words that the value proposition is big enough to justify for the price.
• Development stage after the earliest seed phase
•  An ambitious and competent team with a will to succeed
• Market: A large international market or global niche, where the company can maintain a stronghold
• Innovation: Highly innovative and unique products, service, business plan, distribution etc.
• Business model: Economically scalable sales and production
• Environment and ethics: Are included in our assessment if relevant
• Business plan: A clear and well-defined business plan
• Return and exit: The return must match the investment risk and be proven by a realistic exit plan

byFounders invests from €250k up to €5M, along with access to our knowledge filled Founders Collective.

• Development stage: Early-stage, – from preseed, seed to series A.
• Team – we look for strong founding teams, preferably with existing experience in the market they’re targeting.
• TAM – We look for global billion € markets.
• Tech – Preferably protectable tech (either patents or other IP).
• Transformational – always looking for solutions and services that disrupt existing industries or verticals.
• 10x return – the fund must be able to see a 10x return on our investment over a 10-year period.

• Boatsetter – industry: sharing economy service provider/boat rental
• AirHelp – industry: flight compensation
• Coinify – industry: cryptocurrencies
• Tattoodo – industry: digitalizing tattoos
• Bellabeat – industry: wellness tech/wearables
• OrganicBasics – industry: sustainable basic wear
• CompareAsiaGroup – industry: fintech
• Bluetown – industry: telecom
• Jellynote – industry: music e-learning
• CarBlip – industry: automotive
• Weblife – industry: cybersecurity – exit less than one year after investment

• Amount: Approx. € 1 mio
• Typically, 5-25% ownership

Entry-level preferably around Series A (5% allocated to seed projects for fast-track help towards Series A) 

• Proven product/market fit
• Tracktion
• Scalability (perceptible and believable)
• Stage: Early Growth
• Team: Good chemistry with founder team (common values)

Nordic Eye matchmaking: What we look for in a potential portfolio company

• #1: First mover, definite competitive advantage or better, a unique solution in its field
• It works: Proof of concept and proven revenue
• Dream team: Skilled, well-functioning management team
• Welcome: Our added value in skills and expertise is appreciated
• Scaling: Globally scalable product
• Exit: Roadmap for an exit within approx. 5 years

• Propositions based on Artificial Intelligence/Machine Learning and big data as core components.
• SaaS based platforms and business models
• Gaming platforms
• Video editing and player technologies disrupting the way video is consumed on the mobile
• Social media propositions
• Company examples: Actimo, Napp Seista, Grazper, MOVI.AI, Motosumo, AskCody, Plytix and Justt.

• A maximal turnover of 50.000 DKK if the company is older than 18 months
• The company must be exceptional in terms of market, technology or function
• The company must be protectable through cutting-edge technology, knowledge or patenting
• The company must have a substantial international market potential

Companies backed by us range from component, module and systems hardware companies with embedded software to intelligent design automation tool vendors to application and infrastructure software suppliers for industrial verticals. We are active in robotics & AVs, industrial machine learning, industry 4.0 and IoT, cyber-physical security, electronics & photonics, additive manufacturing, power conversion and storage, medical and quantum technologies. Examples are:

• BigRep
• OrCam
• Micropsi Industries
• Eperi
• NVision Imaging
• Effect Photonics
• Data Artisans
• Testbirds
• SumUp
• Volocopter
• KIVU Technologies
• GNA Biosolutions
• Quanta Dialysis Technologies
• AYOXXA Biosystems
• Wise Neuro
• G-Therapeutics

btov is an early stage venture capital firm. We invest across Europe and would typically lead or co-lead a Series A syndicate, but we will also pursue Seed-Rounds as well as occasionally Series B-Rounds. Typical investment tickets range from EUR 1-3m initially together with a stringent reserve planning to commit up to EUR 10m to portfolio companies over the necessary follow-on financing rounds.

 

We invest within digital tech and industrial tech. The digital tech fund invests in B2C- and B2B-oriented businesses in the fields of commerce, marketplaces, mobile and software. The industrial tech fund places its focus on deep tech, e.g. in industry 4.0, resource efficiency, industrial AI, IoT, enterprise software, cyber security, as well as medtech.