Ugly Duckling Ventures

Ugly Duckling Ventures is a Copenhagen-based venture capital firm investing in early-stage Nordic B2B software and technology companies. It focuses on pre-seed and seed opportunities across Medtech, Resilience Tech, SaaS, enterprise software, cybersecurity, AI, climate and related business-services software, with activity across Denmark, Finland, Sweden, Norway and Iceland. The firm emphasizes hands-on partner support, smaller initial tickets and follow-on reserves, and has acted as a co-lead investor.