Copenhagen-based early-stage investor PSV has launched a €70 million Fund II to support ambitious founders across the Nordics in AI, software, and digital infrastructure.
- PSV was launched in 2020 as part of the PSV Venture House and is based at the Technical University of Denmark (DTU). General Partners Helle Uth, Richard Breiter, Alexander Viterbo-Horten, and Christel Piron manage the firm.
- Since launching their first fund, PSV Tech has made 47 investments and achieved six exits, including successful outcomes with Helloflow and Heyhack.
- The new fund has secured 65% of its commitments, with two investments made so far. It aims to strengthen the Nordic region’s position as a European technological powerhouse by investing in groundbreaking AI, software, and digital infrastructure startups.
- The €70 million Fund II is backed by investors including ATP, EIFO, and the Danish Society of Engineers IDA, along with several business angels.
"By backing startups in AI, software, and digital infrastructure at the pre-seed stage, we aim to build a stronger pipeline of Nordic startups that can make Europe more self-reliant, more resilient, and better equipped for the future global competition," claims Helle Uth, co-founder and General Partner at PSV.
