TLDR:
- BlackWood Ventures, a venture capital fund based in Copenhagen, has secured €14.7 million in its debut fund.
- The fund focuses on early-stage startups across Europe and has made 12 investments since April 2023.
BlackWood Ventures, a Copenhagen-based venture capital fund, has successfully closed the second round of funding for its debut fund, raising a total of €14.7 million (DKK 110 million). The fund specializes in network and technology-driven investments and aims to identify and invest in early-stage startups across Europe using a systematic approach. Since April 2023, BlackWood Ventures has made 12 investments in startups from various countries such as Denmark, France, Italy, the Netherlands, Sweden, Switzerland, the UK, and the US.
The fund has a strong network of over 1200 high-profile angel investors, top venture capital funds, and partnerships with leading accelerators, universities, and incubators across Europe. This network has positioned BlackWood Ventures to drive significant advancements in its focus sectors.
Christian Mariager, a new investor in the fund, highlighted the exceptional talent and drive of the team at BlackWood Ventures, praising their mission to disrupt the European venture capital space. The fund remains open for further investment and benefits from a robust deal flow, consistently evaluating about 300 startups monthly through various partnership channels, angel networks, and organic inquiries.
BlackWood Ventures focuses on sourcing the most promising startups through a proprietary selection process, maintaining an acceptance rate of 0.2%. With a team of experts with diverse backgrounds and industry experience, the fund aims to identify and support promising startups uniquely to foster innovation in Europe’s technology ecosystem.
Investors in this round primarily included private investors from the Nordics, exited entrepreneurs, and family offices. BlackWood Ventures Fund I continues to seek strategic investments to drive advancements in its focus sectors.
