TLDR:
– Copenhagen-based VC BlackWood secures €14.7 million in 2nd closing of Fund I
– Fund focuses on early-stage startups across Europe
Copenhagen-based venture capital fund, BlackWood, has announced the 2nd closing of its debut fund, BlackWood Ventures Fund I, raising a total of €14.7 million. The fund has made 12 investments in visionary founders across Europe and has established a robust network of over 1200 high-profile angel investors and top venture capital funds. With a strong deal flow and a proprietary selection process, the fund maintains an acceptance rate of 0.2%. BlackWood Ventures Fund I remains open for further investment.
The fund’s success can be attributed to its systematic approach in identifying and investing in promising startups, as well as its strategic partnerships with accelerators, universities, and incubators across Europe. With a focus on disruptive innovation, BlackWood Ventures is poised to drive advancements in its key sectors and become a catalyst for revolutionary companies and founders in Europe.
Investors in this round primarily consisted of private investors from the Nordics, exited entrepreneurs, and family offices. The team at BlackWood Ventures, led by CEO Bastian Larsen and Chairman Simon Stampe, is comprised of industry experts with backgrounds that uniquely position them to support and nurture promising startups. With a mission to disrupt the European venture capital space, BlackWood Ventures Fund I is well-positioned to continue its success and propel the next wave of innovation in Europe.
