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Venture Capital
northcap.vc

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Investments

39

Portfolio Exits

5

Funds

1

About Northcap Partners

NorthCap Partners is a Copenhagen-headquartered venture capital firm that has a strong track record of developing businesses in IT. NorthCap Partners was formed in 2007 in a merger between IVS A/S and BankInvest IT Venture, and today is part of the BankInvest Group, the largest venture capital investor in Scandinavia.

Northcap Partners Headquarter Location

Norre Farimagsgade 13, 1. th

Copenhagen, DK-1364,

Denmark

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Latest Northcap Partners News

Cracking a big, growing and busy market that no one else cracked

Jul 29, 2016

News June 19, 2015 This guest blogpost is written by Rasmus Bjerngaard, venture investor in Northcap Partners . Since 2014 Northcap has been investor in the Copenhagen based startup in the local search market Colego . In this blogpost Rasmus Bjerngaard explains what made them believe in Cologo. You’ve probably been there: How do I know if that lawyer is good? Can anyone recommend a carpenter? I need help planting a tree in my garden — who does that? Every other week you have a task that somebody else could help you with for a fee. But it is cumbersome to find and organize, and often you don’t know what it involves and how to ensure the right quality at a fair price. On the other side of the equation, companies of all sorts are struggling with finding new customers. They are ready to help you, but are caught in an equally cumbersome challenge of finding the right customers matching their offerings. A lot of their effort goes into marketing which could be better spent on delivering great service. Online marketing is just not a key competence of these small, medium, and even large companies. The market This is a well-known pain and something that has been tried solved in many different ways: Yellow Pages, local search (Yelp, Yandex), “Get 3 offers” portals, AdWords etc. In a wider perspective, the challenge is for companies to establish a strong web presence – and for many service providers this very difficult to handle. In 2013 40% of the population used local search every day and the local search market has been estimated to $10.2 billion in 2016 — a near doubling from $5.7 billion in 2011. So the market is big, growing, very fragmented and busy. No one has cracked it yet and there are no dominant players. Many small players are doing ok locally, but scaling appears to be a challenge. A horizontal approach Having followed the local search and web presence market for some years we were intrigued when we first met the Colego team in 2014. They were executing exceptionally well and within a short time they had managed to build a viable business. Colego is characterized by its horizontal approach: Across 40+ industries Colego sources tasks that are sold as leads to service providers. The service providers can choose tasks based on descriptions and only pay for the leads they contact. Colego facilitates the process and qualifies the task specifically for each task type and does not seek to replace the professional interaction between service provider and customer — that’s what the professional is good at. Colego’s value is in facilitating the process and taking out the overhead for both sides of the market. End customers come to Colego to get predictable quality from a professional at a fair price. Professionals use Colego to source qualified customer leads that match their offerings. On one side, Colego pays for the incoming tasks through a variety of channels, on the other side the tasks are sold as leads (max 3 leads per task). Being specialized in building an online presence, Colego can do this cheaper and better than if a service provider would do it him/herself. Handling this with a profit across numerous industries, localities and time while ensuring that the promise of delivering quality tasks to the service provider and quality service  to the end customer is anything but trivial. Colego delivers this through an advanced automatic qualification process closely integrated with a specialised customer support organization. The number of tasks successfully fulfilled in Denmark is growing rapidly. And Colego is now looking at international opportunities. Sharing

Northcap Partners Investments

39 Investments

Northcap Partners has made 39 investments. Their latest investment was in Visiopharm as part of their Unattributed VC on September 9, 2020.

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Northcap Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/1/2020

Unattributed VC

Visiopharm

No

ATP Capital, BankInvest Group, C.L. Davids Fond og Samling, and Vækstfonden

1

2/1/2017

Series A

GAN Integrity

$9M

Yes

Chicago Ventures, Cultivation Capital, Edison Partners, and MissionOG

3

8/1/2016

Seed VC

Znipe

$1.17M

Yes

1

10/9/2015

Series C

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$99M

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10

9/16/2015

Seed VC

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$99M

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10

Date

9/1/2020

2/1/2017

8/1/2016

10/9/2015

9/16/2015

Round

Unattributed VC

Series A

Seed VC

Series C

Seed VC

Company

Visiopharm

GAN Integrity

Znipe

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Amount

$9M

$1.17M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

ATP Capital, BankInvest Group, C.L. Davids Fond og Samling, and Vækstfonden

Chicago Ventures, Cultivation Capital, Edison Partners, and MissionOG

Sources

1

3

1

10

10

Northcap Partners Portfolio Exits

5 Portfolio Exits

Northcap Partners has 5 portfolio exits. Their latest portfolio exit was Realm on April 24, 2019.

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

4/24/2019

Acquired

$991

1

00/00/0000

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10

00/00/0000

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10

00/00/0000

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$991

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10

00/00/0000

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10

Date

4/24/2019

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

$991

Acquirer

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Sources

1

10

10

10

10

Northcap Partners Fund History

1 Fund History

Northcap Partners has 1 fund, including NCP-IVS Fund III K/S.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/25/2012

NCP-IVS Fund III K/S

Early-Stage Venture Capital

$87.66M

1

Closing Date

6/25/2012

Fund

NCP-IVS Fund III K/S

Fund Type

Early-Stage Venture Capital

Status

Amount

$87.66M

Sources

1

Northcap Partners Team

9 Team Members

Northcap Partners has 9 team members, including current Managing Partner, Thomas Weilby Knudsen.

Name

Work History

Title

Status

Thomas Weilby Knudsen

Managing Partner

Current

Thomas Weilby Knudsen

IVS A/S

Managing Partner

Current

Sã¸ren Jessen Nielsen

General Partner

Current

Kim Wiencken

General Partner

Current

Benny Guld

IVS A/S, 3C Consult, IBM, and Oracle

Founder

Former

Name

Thomas Weilby Knudsen

Thomas Weilby Knudsen

Sã¸ren Jessen Nielsen

Kim Wiencken

Benny Guld

Work History

IVS A/S

IVS A/S, 3C Consult, IBM, and Oracle

Title

Managing Partner

Managing Partner

General Partner

General Partner

Founder

Status

Current

Current

Current

Current

Former

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