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Venture Capital
heartcore.com

Investments

72

Portfolio Exits

2

Funds

2

About Heartcore Capital

Heartcore Capital is a venture capital firm devoted to backing exceptional founders building category-defining consumer internet brands.

Headquarters Location

Højbro Pl. 10, Matrikel1

Copenhagen, 1200,

Denmark

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Latest Heartcore Capital News

Asetek - Major Shareholding Announcement

May 16, 2023

Asetek - Major Shareholding Announcement 16 May 2023 – Following the registration of new shares in Asetek A/S issued in a rights issue, as from 15 May 2023 Heartcore Capital A/S (CVR no. 33858663) controls 1.61% (less than 5%) of the total voting rights in Asetek A/S, and Sunstone Technology Ventures Fund I K/S (CVR-no. 30589408) holds 1.61% (less than 5%) of the total share capital of Asetek A/S. Immediately prior to 15 May 2023, Heartcore Capital A/S controlled 5.84% of the total voting rights in Asetek A/S, and Sunstone Technology Ventures Fund I K/S held 5.84% of the total share capital of Asetek A/S. 30589416) is the direct shareholder of shares in Asetek A/S (holding 1,586,341 shares). 30589416) is managed by its general partner Sunstone TV General Partner I ApS (CVR no. 30575199) who has delegated its powers to exercise the voting rights of Sunstone Technology Ventures Fund I K/S to Heartcore Capital A/S (CVR no. 33858663). Sunstone Technology Ventures Fund I K/S (CVR-no. 30589408) is 100% owned by Danmarks Eksport- og Investeringsfond (prev. Vækstfonden) (CVR-no. 43478206). About Asetek Asetek (ASTK.OL), a global leader in mechatronic innovation, is a Danish garage-to-stock-exchange success story. Founded in 2000, Asetek established its innovative position as the leading OEM developer and producer of the all-in-one liquid cooler for all major PC & Enthusiast gaming brands. In 2013, Asetek went public while expanding into energy-efficient and environmentally friendly cooling solutions for data centers. In 2021, Asetek introduced its line of products for next level immersive SimSports gaming experiences. Asetek is headquartered in Denmark and has operations in China, Taiwan and the United States. For further information, please contact: Peter Dam Madsen, Chief Financial Officer Mobile: +45 2080 7200, e-mail:  pdm@asetek.com or

Heartcore Capital Investments

72 Investments

Heartcore Capital has made 72 investments. Their latest investment was in Quell as part of their Series A on February 2, 2023.

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Heartcore Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/20/2023

Series A

Quell

$10M

No

6

2/14/2023

Series C

Natural Cycles

$7M

Yes

1

11/23/2022

Series A

Ukio

$17.51M

No

25

10/27/2022

Seed VC

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$99M

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10

10/18/2022

Series C

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$99M

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10

Date

2/20/2023

2/14/2023

11/23/2022

10/27/2022

10/18/2022

Round

Series A

Series C

Series A

Seed VC

Series C

Company

Quell

Natural Cycles

Ukio

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Amount

$10M

$7M

$17.51M

$99M

$99M

New?

No

Yes

No

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Co-Investors

Sources

6

1

25

10

10

Heartcore Capital Portfolio Exits

2 Portfolio Exits

Heartcore Capital has 2 portfolio exits. Their latest portfolio exit was Weezy on November 23, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/23/2021

Acquired

$99M

9

6/24/2021

Acquired

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$99M

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10

Date

11/23/2021

6/24/2021

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

9

10

Heartcore Capital Fund History

2 Fund Histories

Heartcore Capital has 2 funds, including Heartcore Opportunities Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/20/2021

Heartcore Opportunities Fund

$50M

1

9/20/2021

Heartcore Early-Stage Fund I

$99M

10

Closing Date

9/20/2021

9/20/2021

Fund

Heartcore Opportunities Fund

Heartcore Early-Stage Fund I

Fund Type

Status

Amount

$50M

$99M

Sources

1

10

Heartcore Capital Team

3 Team Members

Heartcore Capital has 3 team members, including , .

Name

Work History

Title

Status

Jimmy Fussing Nielsen

Vækstfonden, BankInvest, BG Bank, and Arbejdernes Landsbank

Founder

Current

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Name

Jimmy Fussing Nielsen

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Work History

Vækstfonden, BankInvest, BG Bank, and Arbejdernes Landsbank

Title

Founder

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Status

Current

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