Aarhus-based Delphinus Venture Capital has launched an €80 million fund to support research-focused startups from pre-seed to scale-up with long-term, flexible investment.
- Established in 2025 by Mathias Brink Lorenz, Delphinus Venture Capital, named after the dolphins in Aarhus University’s seal, is a Denmark-based investment firm focused on supporting research-driven, technology-intensive startups from pre-seed to scale-up.
- The firm is based in Aarhus to stay close to the research environments at Aarhus University, Aarhus University Hospital, and other regional innovation hubs, enabling it to identify high-potential ventures.
- With an €80 million evergreen fund, Delphinus provides long-term, flexible capital and strategic support, helping startups develop, commercialize, and scale research-intensive solutions while navigating the full entrepreneurial journey.
“Innovation takes time, courage and capital. Unlike traditional venture funds, Delphinus has been intentionally set up with a structure that enables long-term commitment and flexibility in our investments. We can and will participate as an investor from the very early stages through to the late growth stage. This is how we can make a real difference for the companies we invest in,” claims Mathias Brink Lorenz, CEO of Delphinus Venture Capital.
- The new fund saw support from four founding partners, including Aarhus University Research Foundation, HEARTLAND, Norlys, and Salling Group.
