Observed Signal · Oct 8, 2026 · Funding · Source: EU-Startups (European Venture) · Impact: 1/5 · Sentiment: Positive
Copenhagen VC PSV Tech closes Fund II at €56 million
Copenhagen-based venture capital firm PSV Tech has announced the final close of its second fund, PSV Tech Fund II, at €56 million. The fund is dedicated to backing early-stage tech startups across the Nordics, often as a first institutional investor. The close builds on the success of Fund I, which made 47 investments, including portfolio companies Teton and Spektr that later raised €17 million Series A rounds. New investors in Fund II include Chr. Augustinus Fabrikker and Nordea-fonden, joining existing LPs such as ATP, EIFO, IDA, and prominent founders. PSV Tech has already made 19 investments from Fund II, with 11 in 2026 across Denmark, Sweden, and Norway. The firm is led by four General Partners and focuses on supporting Nordic founders before they achieve product-market fit.
The article is about a regional VC fund closing, which is only tangentially related to AdTech/MarTech. The fund invests in tech startups broadly, not specifically in advertising technology or marketing technology.
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Key Takeaways & Evidence Grounding
- PSV Tech closed its Fund II at €56 million, with 19 investments already made.
- New investors in Fund II include Chr. Augustinus Fabrikker and Nordea-fonden.
- Existing LPs include ATP, EIFO, IDA, and founders Christian Lund, Henrik Printzlau, Sebastian Knutsson, and Morten and Niels Ebbesen.
- PSV Tech's first fund made 47 investments, including Teton and Spektr, which later raised €17 million Series A rounds.
- The fund targets early-stage tech startups across the Nordics, often as the first investor.
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