Danish VC agency BlackWood Ventures closes €21.3 million debut Fund I to again early-stage European Founders

Copenhagen-based BlackWood Ventures, a network- and technology-driven early-stage fund targeted on European Founders, pronounces right now the ultimate shut of its debut €21.3 million fund.

Since its first shut in April 2023, BlackWood has made 19 investments spanning 9 nations, with a plan to construct a portfolio of round 30 FinTech, CleanTech, and internet 3.0 corporations.

“Europe is just not brief on expertise; it’s brief on conviction capital. That’s the hole we’re right here to fill,” stated Bastian Larsen, Founder and CEO of BlackWood Ventures. “We constructed BlackWood to be really European in scope and disciplined in strategy, seeing a whole lot of alternatives every month and backing Founders whose ambition and focus stand out.”

Based in 2021, BlackWood Ventures is a network- and technology-driven early-stage VC agency with crew members throughout Europe. The agency backs FinTech, Cleantech, and Internet 3.0 Founders from pre-Seed to Seed with a “disciplined, pan-European strategy“.

Investments embrace:

• Dutch firm beSirius, a B2B SaaS platform for the mining and metals business that not too long ago raised an up-round led by Berlin-based NAP and is already utilized by corporations corresponding to ArcelorMittal.
• IVM Markets from London, a FinTech SaaS firm remodeling structured merchandise distribution for monetary establishments based by ex-Deutsche Financial institution executives.
• Sidekick within the UK, a wealth administration platform for mass-affluent clients not too long ago surpassing €85.3 million in property below administration.
• Yonder, a UK-based rewards card firm valued at over €85.3 million, named to the 2025 Future Fifty cohort, Tech Nation’s flagship programme for late-stage UK tech scaleups.
• Particula from Germany, a supplier of AI-driven danger intelligence for digital property, enabling institutional adoption of tokenised finance by real-time, automated danger rankings throughout DeFi and TradFi.

Matthew Ford, Founder and CEO of Sidekick, added: ”BlackWood backed us early final 12 months and has been implausible to work with. They make investments with conviction and it’s refreshing how briskly and environment friendly they had been all through. Their FinTech-experienced crew has been hands-on at each flip and supported us all through. Whether or not that’s in fundraising processes, serving to with gross sales, or basic assist and steering. It’s been a fantastic partnership!”

BlackWood’s sourcing mannequin combines a community of +1k angel buyers with systematic screening of a whole lot of alternatives every month, more and more supported by tech-enabled sourcing platforms.

Frequent co-investments with main companies corresponding to LocalGlobe, Y Combinator, Seedcamp, Northzone, Octopus Ventures, Firstminute Capital, RTP World, Big Ventures, Norrsken and others exhibit the fund’s means to establish and again high-quality alternatives – based on BlackWood.

“I proceed to be impressed by the readability of the technique and depth of execution this crew has demonstrated,” stated Steffen Saltofte, Restricted Companion and Board Member at BlackWood, and CEO of Zentiva, a multinational pharmaceutical firm with over 5,000 workers. “BlackWood has constructed a powerful European footprint, strikes rapidly, and is backing corporations many Nordic VCs overlook as a consequence of geographic constraints. This ambition and targeted execution is precisely what we aimed for with Fund I, and I’m excited to see it proceed.”