Mandate
We invest where a return and a real advance can be the same decision.
We are deliberate about the businesses, technologies and markets we choose to support. Over time, that has led us toward opportunities where capital can play a useful role beyond financial participation.
We take a long-term view and are particularly drawn to investments that can create value while contributing to meaningful economic, social and environmental progress.
Criteria
Stage
Pre-seed and seed
Geography
Nordics, Sub-Saharan Africa
Sectors
Tech, sustainability, food and agri-tech, hospitality
Vehicle
Funds, startup funds, direct
Position
Minority, co-investment alongside leads
Horizon
Long — we stay in past the round
Three ways we deploy
Funds
Capital allocated to specialist vehicles where the manager knows a market far better than we could from the outside.
— Impact funds
— Environmental funds
— Sector-specific strategies
Startup funds
Accelerators and venture funds that reach companies at the earliest stage, at a volume no single angel can match.
— Accelerator programmes
— Early-stage venture funds
— Emerging-market vehicles
Startups
Direct early-stage cheques into teams we can stay close to, usually alongside a lead we know.
— Pre-seed and seed rounds
— Follow-on in existing positions
— Occasional later-stage, selectively
Listed companies
A portfolio of listed companies aligned with long-term sustainable growth. It complements the private side by providing liquidity and exposure to mature markets.
— Long-term positions
— Mature-market exposure
— Liquidity for the wider strategy
Geographic focus
Our investments span primarily two regions.
Region 01
Nordics
A market in transition, shifting from traditional industries to greener solutions while driving global innovation and technology.
Region 02
Sub-Saharan Africa
A high-growth region where urbanisation, consumer spending and digitisation create demand for new solutions. Limited legacy infrastructure allows for cutting-edge technology adoption, making it a prime market for impactful investment in entrepreneurship and innovation.
Sustainability
Investment capital should help build a better future.
We invest in companies that tackle real-world challenges and drive measurable impact, whether national, regional or global. The focus is on businesses that contribute to a more sustainable, inclusive and resilient economy — backing ventures that address pressing environmental and social issues in line with the UN Sustainable Development Goals.
Outside the mandate
— Sectors outside our focus areas
— Pre-idea and pre-team concepts
— Capital requirements outside our investment range
Leadership
Eric C. K. Skovsgaard
Managing Director