Observed Signal · Sep 11, 2026 · Funding · Source: EU-Startups (European Venture) · Impact: 2/5 · Sentiment: Positive
Venture Capital Market: Seed Capital closes €130M Fund V for Nordic startups
Copenhagen-based seed investor Seed Capital announced the closing of its fifth fund at €130 million, targeting 15-17 companies with first checks of €3-6 million in FinTech, cybersecurity, resilience, and AI-driven B2B sectors. The fund will expand beyond Denmark into the Nordics, with a strategic focus on Sweden. The firm also announced leadership changes: Christian Brøndum, former CEO of Planday, steps in as Managing Partner, and Geeta Schmidt, former CEO and co-founder of Humio, joins as General Partner. Seed Capital has already made initial investments from Fund V in Fortiv, Moxso, Repodo, and Oplane. The firm plans to evaluate opening a Swedish office to strengthen its close-to-founders approach. Its portfolio includes notable companies like Trustpilot, Flatpay, and Lunar.
Relevant to the startup funding ecosystem, especially in the Nordics, but not directly impacting AdTech/MarTech operations.
Key Takeaways & Evidence Grounding
- Seed Capital closed Fund V at €130 million.
- Fund will invest in 15-17 companies with first checks of €3-6 million.
- Focus areas include FinTech, cybersecurity, resilience, and AI-driven B2B.
- Christian Brøndum appointed as Managing Partner, Geeta Schmidt as General Partner.
- First investments from Fund V include Fortiv, Moxso, Repodo, and Oplane.
Connected Companies & Entities
3 Entities mappedTrustpilot
Public reviews platform with SaaS tools for business reputation management.
“Its portfolio includes ... Trustpilot, VEO, Lunar, and Templafy....”
Templafy
Enterprise SaaS for governed AI document generation.
“Its portfolio includes ... Lunar, and Templafy....”
Seed Capital
Danish seed-stage venture capital firm for technology companies.
“Copenhagen-based seed investor Seed Capital announced the closing of its fifth fund at €130 million....”
Ontology Mapping & Concepts
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