PSV Tech

What PSV Tech does

PSV Tech is a Danish early-stage venture capital fund that invests in Nordic technology startups at the pre-seed and seed stages. Founded in 2020 and operated as one unit of the PSV venture house (alongside PSV Foundry, DTU's startup funding arm, and PSV Hafnium, the deep-tech fund), PSV Tech targets ambitious software founders in Denmark and Southern Sweden. The fund operates two vehicles: PSV Tech Fund I (€55M, 2020) and PSV Tech Fund II (€70M target, 2025), with Fund II having secured 65% of commitments from institutional investors including ATP, EIFO, and IDA.

PSV does not develop or sell products or software. Its underlying capabilities consist of proprietary ESG frameworks (ESG Napkin and ESG Sprint — workshop-based tools derived from interviews with investors, founders, and experts) and a venture-platform model providing portfolio companies with operational support across legal guidance, brand and communication, finance, people and culture, and ESG integration. Distribution of capital flows through direct founder relationships, sourcing via TechBBQ, Mesh events, and the PSV Academy (37 StartupTalks engaging ~6,000 participants). The firm's claimed 98% visibility into the Danish startup market derives from two decades of state-backed investing through DTU Innovation and PreSeed Innovation prior to becoming PreSeed Ventures in 2017.

PSV earns revenue through management fees on committed capital and carried interest on successful exits. Notable historical exits include Trustpilot (~$1.5B LSE listing in 2021), Glycom (€765M acquisition by Royal DSM in 2020), and Veo, with the firm reporting 100+ exits and DKK 1 billion returned to the Danish state as appointed exit operator following the 2018 phase-out of the Innovation Incubator Scheme. Over 75% of portfolio companies raise follow-on funding, and 78% of pre-seed investments advance to Series A or later.

Name

PSV Tech

Legal name

PSV A/S

Website

https://psv.xyz

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

PSV Tech is a Danish early-stage venture fund investing at pre-seed and seed in Nordic software startups, managing €55M Fund I and a €70M Fund II (launched 2025), operating as one unit of the PSV venture house alongside PSV Foundry and PSV Hafnium.

Ownership category

akta.pro rank

Product category

Early-Stage Venture Capital

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

SDG / Thematic Sustainable Investment Funds (FSANAJAN)

Keywords

• Pre-seed venture capital
• Early-stage tech investing
• Seed stage funding
• Nordic startup investment
• Venture fund management

Headquarters

HQ city

Kongens Lyngby

HQ country

Denmark

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Fund Management: PSV generates revenue through management fees and carried interest (carry) from their venture funds. They manage PSV Tech Fund I (€55M) and PSV Tech Fund II (€70M target), as well as PSV Hafnium. Returns are circulated through PSV Foundry to strengthen the ecosystem.
2. Platform Services: PSV provides operational support services to portfolio companies including legal guidance, brand & communication support, finance consulting, ESG & Impact integration, and people & culture development. These services strengthen portfolio companies and generate long-term returns.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

PSV Tech is a Danish early-stage venture capital fund that invests in Nordic tech startups at the pre-seed and seed stages through PSV Tech Fund I (€55M) and PSV Tech Fund II (€70M target). Beyond capital, the fund provides operational platform services to portfolio companies covering legal guidance, brand and communication, finance consulting, people and culture, and ESG integration, supported by proprietary ESG tools (ESG Napkin and ESG Sprint).

Product overview

PSV Tech is a Danish early-stage venture fund (pre-seed and seed) that invests in Nordic technology startups. It does not develop or sell its own product, platform, or software. The fund is part of the PSV venture house, which also includes PSV Foundry (DTU's startup investment arm) and PSV Hafnium (a deep-tech fund). PSV Tech operates two fund vehicles: Tech Fund I (€55 million, established 2020) and Tech Fund II (€70 million target, launched 2025). The fund provides capital alongside operational support in areas such as brand, legal, finance, people and culture, and ESG. It does not offer a standalone product or SaaS platform.

Differentiator

Problem solved

Functional benefit

Products and services

• PSV Tech Fund I A €55 million pre-seed venture fund investing in Nordic tech startups from Denmark and Southern Sweden at the pre-seed stage, providing capital plus operational platform support.
• PSV Tech Fund II A €70 million target pre-seed and seed venture fund supporting Nordic tech startups focused on AI, software, and digital infrastructure, with capital from institutional LPs ATP, EIFO and IDA.
• Platform Services for Portfolio Companies Operational support services provided to PSV portfolio companies covering legal guidance, brand and communication, finance consulting, people and culture development, and ESG and impact integration.
• ESG Napkin A proprietary inspirational ESG framework designed for early-stage tech founders, providing guidance on where to start with ESG, what to focus on, and why considering ESG is important. Built on interviews with investors, founders and experts.
• ESG Sprint A two-hour ESG workshop in which founders work with PSV to lay out an ESG action plan through four structured exercises, identifying material ESG topics and how to address them.
• PSV Academy An educational learning platform for founders including StartupTalks (37 sessions engaging around 6,000 participants), Open Door sessions for intimate founder guidance, and digital content across the startup journey.

Quantifiable outcome

• 78% of pre-seed investments progress to next funding stage
• +2 more outcomes

Named customers6 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• SeedminorGTM or Marketing Partner · 19 March 2026International venture investor partnering with PSV for Mesh events connecting Nordic founders with international investors in Copenhagen.
• HeartcoreminorGTM or Marketing Partner · 19 March 2026Venture capital firm partnering with PSV for Mesh events in Copenhagen to connect Nordic founders with international capital.
• ScaleminorGTM or Marketing Partner · 19 March 2026Scale venture firm partnering with PSV for Mesh event series in Copenhagen to bridge local Nordic startups with international investors.
• TechBBQcoreGTM or Marketing PartnerTechBBQ is the largest tech summit in the Nordics. PSV is a partner, using this platform to engage with the broader startup ecosystem, identify potential investments, and support ecosystem development.
• Diversity CommitmentcoreGTM or Marketing PartnerPSV partners with Diversity Commitment, a partner-driven diversity initiative. PSV annually tracks gender diversity across their portfolio companies, management teams, and boards as part of this partnership.
• Tech Nordic AdvocatesminorGTM or Marketing PartnerA women-in-tech community and mentorship program. PSV participates to support diversity in tech and connect with underrepresented founders.
• VentureESGcoreGTM or Marketing PartnerAn organization driving the adoption of ESG in the VC industry. PSV uses this partnership to stay at the forefront of ESG integration and contribute to industry best practices.
• Invest for Impact DenmarkminorStrategic or Co-development PartnerA national partnership that collectively contributes experiences, skills, and ambitions across all impact actors in Denmark. PSV participates to strengthen impact investing practices.
• DTU (Technical University of Denmark)coreStrategic or Co-development PartnerPSV was founded at DTU and maintains close collaboration with the university. PSV co-founded DTU EarthBound (climate tech catalyst) and DTU SkyFactory (as founding partner). This relationship provides deal flow and research connections.

Scale indicators6 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Speedinvest: Vienna-based European early-stage VC with sector-focused funds. Comparable in stage focus and check size; competes for Nordic software deals at the seed stage.
• ByFounders: Nordic-focused pre-seed and seed VC backed by a syndicate of Nordic tech founders. Closely comparable in geographic focus (Nordics), stage (pre-seed/seed), and mission of building the regional ecosystem.
• Creandum: One of the leading Nordic VCs investing from seed to Series A. Comparable Nordic focus and software/tech thesis; a key competitor for the same Danish founders PSV targets.
• SEED Capital: One of Denmark's longest-standing early-stage VCs, investing in Danish and Nordic tech startups from seed stage. Direct comparable as a Danish institutional-backed early-stage tech investor with similar fund size and stage focus.
• Seedcamp: London-based European pre-seed/seed fund with a strong track record of backing Nordic founders. Comparable early-stage thesis and is also an existing investor alongside PSV in portfolio companies such as spektr.
• Antler: Global pre-seed VC with active Nordic operations and a residency program that sources founders at the earliest stage. Direct competitor for Danish pre-seed deals and has co-invested with PSV in companies like Teton.ai.
• Heartcore Capital: European early-stage consumer and software investor with strong Nordic presence. Comparable in early-stage thesis, fund size, and partnerships with PSV (joint Mesh events), targeting similar Danish/Nordic founders.
• Northzone: Pan-Nordic VC investing from seed through growth stages. Direct competitor in Danish software; existing investor in PSV portfolio company spektr, illustrating competitive overlap at the seed stage.
• Cherry Ventures: Berlin-based European pre-seed fund. Comparable in stage focus (pre-seed), check size, and pan-European thesis that includes Nordic founders, making it a direct competitor for early Danish deals.

Broad incumbents

• Index Ventures: Large pan-European and US venture firm with active Nordic investment activity. While broader and at later stages, Index competes for the same founder pool and often leads the Series A rounds that PSV portfolio companies graduate into.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/psv-venturehouse/?viewAsMember=true

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments9 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PSV Tech