Copenhagen-based PSV Tech, a VC firm, announced that has officially launched its second fund, PSV Tech Fund II, aimed at accelerating the growth of Nordic tech startups from inception.
The announcement was made by General Partner Alexander Viterbo-Horten through a LinkedIn post.
According to Viterbo-Horten, ” The new fund emphasises a sharper focus, deeper access, and increased capital to support early-stage companies in the region.”
PSV Tech Fund II has garnered support from leading institutions, including ATP Pensions, EIFO, and IDA, as well as a growing base of successful founders such as Sebastian Knutsson, Niels Ebbe Ebbesen, Morten Ebbesen, Stig Myken, Christian Lund, and Henrik Printzlau.
“At the heart of our model is proprietary access to one of the most valuable resources – engineering and technical talent. Through our deep integration with DTU – Technical University of Denmark, we sit at the intersection of scientific excellence and venture capital, creating the ideal conditions for building tomorrow’s tech champions out of Denmark and the Nordics,” says Viterbo-Horten.
The fund’s mission is to invest in startups addressing real-world problems through software, AI, and digital infrastructure.
PSV: Focus on early-stage investments
PSV (formerly PreSeed Ventures) is a venture capital firm that focuses on early-stage investments, particularly in technology and deep tech startups.
PSV operates through a hybrid structure that includes PSV Foundry, PSV Lab, and two venture funds: PSV Tech and PSV Hafnium.
This allows PSV to support founders from the pre-product/market fit stage, offering flexibility in investment approaches.
The VC’s typical investments range from €100,000 to €1.5M, targeting sectors such as software, AI, and digital infrastructure.
