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Venture Capital
seedcapital.dk

Investments

320

Portfolio Exits

44

Funds

6

About SEED Capital

SEED Capital was founded in 2004 as a new venture capital fund in cooperation with DTU Innovation, Symbion Management, and a number of private and public investors. SEED Capital is a venture fund in Denmark within the pre-seed and seed segment. It finances and assists entrepreneurs based in Denmark and Southern Sweden, developing life science, IT, and cleantech companies. SEED Capital manages funds that total A‚200 million.

Headquarters Location

Højbro Plads 10 Office no. 104

Copenhagen, DK-1200,

Denmark

+45 7734 0755

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Expert Collections containing SEED Capital

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Find SEED Capital in 1 Expert Collection, including Synthetic Biology.

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Research containing SEED Capital

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CB Insights Intelligence Analysts have mentioned SEED Capital in 1 CB Insights research brief, most recently on Dec 9, 2021.

Latest SEED Capital News

Flojoy Announces $1.3M in Seed Capital From Flybridge Capital Partners, Boreal Ventures, and BDC Capital

Aug 29, 2023

Press Release• Aug 29, 2023 10:00 EDT Plotly Co-founder and former CEO creates Flojoy, the first no-code test, measurement software MONTREAL, August 29, 2023 (Newswire.com) - Today, Flojoy announces an oversubscribed seed round of $1.3 million USD from Flybridge Capital Partners, Boreal Ventures, and BDC Capital to disrupt the test, measurement, & control (TMC) market with its open-source, Python-based AI software. TMC is the bedrock of every research and development "hard-tech" laboratory and software enterprise. Over the past century, there would have been zero applied science and manufacturing progress without the invention of the computer and its application to sense and control physical spaces. Now, TMC UX will undergo a renaissance, building off of the last decade of open-source software innovation. "Test, measurement, and control (TMC) has been absolutely fundamental to every industrial manufacturing breakthrough, but the software has been in the relative dark ages," said Jack Parmer, Founder and CEO of Flojoy. "Today's scientists, engineers, data scientists and business analysts deserve better and no-code software to scale efficiently." Test, measurement, and control (TMC) and artificial intelligence (AI) are natural bedfellows. While TMC is concerned with sensing and responding to data from the physical world, AI is concerned with using vast troves of data to refine machine learning (ML) models for domain-specific mastery. Already, resourceful scientists and engineers are applying foundational ML models to textbook TMC use cases in every field: microscopes that ship with automatic object identification, computer-vision cobots that perceive and respond to their environments in real time, and oscilloscopes that learn to predict signals. "Flojoy is applying the open-core/open-source model to software for heavy industry and deeptech. We're thrilled to watch them accelerate the world's largest R&D institutions with this approach - just like Jack and his team did at Plotly," said Hassan Bhatti, Partner at The Community Fund, a Flybridge Network Fund. Prior to founding Flojoy, Jack Parmer led the creation of Domino Data Lab's Code Assist, a low-code capability to democratize advanced analytics using Python and R. "Since founding Plotly, Jack Parmer has been an unstoppable moving force in scientific Python," said Nick Elprin, CEO and co-founder of Domino Data Lab. "I'm excited to see him continue to expand cutting-edge options to build and operate AI at scale." At age 26, Parmer founded Plotly, the de facto interactive data visualization software for scientists working in Python and R, where he led the company as CEO through $18M in fundraising, $10M in annual recurring revenue, and created the "python code to web app" category, growing virally to 200 million software downloads under his tenure. Plotly helped to modernize numerical computing by making one of its pillars (data visualization) free, interactive, exceptionally well documented, and more complete in capabilities than most scientific charting software before it. "With Plotly, Jack created a highly successful open-source data science company. The test, measurement, and control space is important to our fund and our portfolio companies, and we're excited to partner with Jack and his team on their next open-source chapter, Flojoy," said Charles Lespérance, Partner at BDC Capital's DeepTech Fund. Flojoy intends to use the seed investment to hire more engineers to build out first-class Python support for over 700 benchtop scientific instruments and microcontrollers, which will usher in a new era of open-source TMC standardization. Its first major customer is a U.S. electric aircraft manufacturer. Heavy industry and hard-tech titans like Hitachi, Ford, Boeing, SpaceX, Intel, and Medtronics are all essentially TMC companies at their core and Flojoy hopes to help. With Plotly, Jack has shown his ability to foresee fundamental trends in the open-source community, hire world-class talent, and build what is now a pillar in the Python community. Floyjoy expands on the same traits that made Plotly a success, in what we believe is a market ripe for innovation," adds David Charbonneau, Managing Partner at Boreal Ventures. About Flojoy Flojoy provides no-code, open-source, Python-based AI software for the test, measurement, & control (TMC) market. The Flojoy Studio is a drop-in replacement for engineering software such as LabVIEW, Simulink, RapidMiner, and Alteryx. Learn more at  https://www.flojoy.ai/ .

SEED Capital Investments

320 Investments

SEED Capital has made 320 investments. Their latest investment was in Embla as part of their Series A on August 8, 2023.

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SEED Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/11/2023

Series A

Embla

$10.8M

Yes

2

6/26/2023

Series A

Flatpay

$16.42M

No

SEED Capital, Undisclosed Angel Investors, and Undisclosed Investors

3

3/15/2023

Seed VC

LandFolk

$4M

Yes

5

1/19/2023

Seed VC

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$99M

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10

1/4/2023

Pre-Seed - II

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$99M

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10

Date

8/11/2023

6/26/2023

3/15/2023

1/19/2023

1/4/2023

Round

Series A

Series A

Seed VC

Seed VC

Pre-Seed - II

Company

Embla

Flatpay

LandFolk

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Amount

$10.8M

$16.42M

$4M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

SEED Capital, Undisclosed Angel Investors, and Undisclosed Investors

Sources

2

3

5

10

10

SEED Capital Portfolio Exits

44 Portfolio Exits

SEED Capital has 44 portfolio exits. Their latest portfolio exit was Talenthub on September 06, 2023.

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

9/6/2023

Merger

$99M

2

8/18/2023

Acquired

$99M

1

7/20/2022

Acquired

$99M

5

6/18/2022

Acquired

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$99M

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10

5/4/2022

Acquired

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$99M

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10

Date

9/6/2023

8/18/2023

7/20/2022

6/18/2022

5/4/2022

Exit

Merger

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

1

5

10

10

SEED Capital Fund History

6 Fund Histories

SEED Capital has 6 funds, including SEED Capital Growth Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/9/2021

SEED Capital Growth Fund

$74.16M

1

8/24/2020

Seed Capital Denmark IV

$99M

10

5/6/2016

Seed Capital Denmark III

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$99M

10

12/31/2011

SEED Capital Denmark II K/S

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$99M

10

5/31/2006

SEED Capital Denmark

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$99M

10

Closing Date

7/9/2021

8/24/2020

5/6/2016

12/31/2011

5/31/2006

Fund

SEED Capital Growth Fund

Seed Capital Denmark IV

Seed Capital Denmark III

SEED Capital Denmark II K/S

SEED Capital Denmark

Fund Type

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Status

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Amount

$74.16M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

SEED Capital Team

6 Team Members

SEED Capital has 6 team members, including current Chief Financial Officer, Jakob Fuglede Nielsen.

Name

Work History

Title

Status

Jakob Fuglede Nielsen

Chief Financial Officer

Current

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Name

Jakob Fuglede Nielsen

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Work History

Title

Chief Financial Officer

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Status

Current

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