Key Takeaways
- • PSV Tech closed its second fund at €56 million, with new commitments from Chr. Augustinus Fabrikker and Nordea-fonden alongside existing limited partners ATP, EIFO and IDA.
- • The Copenhagen-based venture firm invests at the pre-seed stage, often before startups reach product-market fit, with a focus on AI, software and digital infrastructure.
- • The fund has already made 19 investments across Denmark, Sweden and Norway, 11 of them in 2026.
- • PSV Tech draws on its ties to the Technical University of Denmark (DTU), where its origins date back 25 years, and on a portfolio history of close to 500 early-stage investments by the wider PSV organisation.
Summary
PSV Tech, the DTU-linked venture firm, has closed its second fund at €56 million, according to BeBeez International. The raise brings new capital from Chr. Augustinus Fabrikker and Nordea-fonden, joining existing investors ATP, EIFO and IDA. Publisher materials also reference an earlier fundraising target of €70 million for the fund, which the final close did not reach.
PSV Tech was launched in 2020 as part of PSV Venture House. It invests primarily in Nordic technology startups at the pre-seed stage, frequently before they have achieved product-market fit, and concentrates on AI, software and digital infrastructure. The firm works with founders from early validation through to building scalable businesses, using its links to DTU and access to engineering talent across the region. PSV traces its roots to an investment organisation established at DTU 25 years ago to fund technology companies and university spinouts. Since then, the organisation has made close to 500 early-stage investments.
The new fund has already completed 19 investments across Denmark, Sweden and Norway, including 11 in 2026. The firm says it will continue to provide early-stage capital to technical founders throughout the Nordics. Its limited partner base includes founders from prior portfolio companies, among them Christian Lund and Henrik Printzlau of Templafy, Sebastian Knutsson of King, and Morten and Niels Ebbesen of Siteimprove. This reflects the firm's model of pairing institutional capital with operator backing from its network.
PSV Tech was launched in 2020 as part of PSV Venture House. It invests primarily in Nordic technology startups at the pre-seed stage, frequently before they have achieved product-market fit, and concentrates on AI, software and digital infrastructure. The firm works with founders from early validation through to building scalable businesses, using its links to DTU and access to engineering talent across the region. PSV traces its roots to an investment organisation established at DTU 25 years ago to fund technology companies and university spinouts. Since then, the organisation has made close to 500 early-stage investments.
The new fund has already completed 19 investments across Denmark, Sweden and Norway, including 11 in 2026. The firm says it will continue to provide early-stage capital to technical founders throughout the Nordics. Its limited partner base includes founders from prior portfolio companies, among them Christian Lund and Henrik Printzlau of Templafy, Sebastian Knutsson of King, and Morten and Niels Ebbesen of Siteimprove. This reflects the firm's model of pairing institutional capital with operator backing from its network.
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