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Blackwood Ventures is an early-stage venture capital fund based in Copenhagen, Denmark, founded in 2021. Originally known as BlackWood Capital Partners, the firm rebranded to focus on supporting innovative European startups in sectors such as fintech, cleantech, and Web3/AI. The fund has a total size of $25 million and aims to make a significant impact in the European startup ecosystem.
As of now, Blackwood Ventures has made 14 investments through its first fund, which is expected to reach a target portfolio of approximately 30 companies. The firm operates with a strong network of over 1,000 angel investors and partnerships with more than 15 European incubators and universities. This extensive network enhances the growth potential of its portfolio companies by providing access to valuable resources and mentorship.
Blackwood Ventures is actively involved in the European market, with a focus on early-stage investments that can drive innovation and growth. The firm’s first fund is set to have its final close in July 2025, indicating a long-term commitment to supporting emerging startups.
Blackwood Ventures specializes in early-stage investments, primarily targeting sectors such as fintech, cleantech, and Web3/AI. The firm employs an AI-assisted sourcing strategy combined with a network-driven approach to identify promising startups. This dual strategy allows Blackwood Ventures to effectively source deals and support companies that have the potential to create meaningful change in their respective industries.
The firm focuses on pre-seed to seed stage investments, indicating a willingness to engage with startups at their earliest phases. Blackwood Ventures aims to drive innovation and growth in the European market by backing companies that are poised to make a significant impact. The firm’s investment thesis emphasizes the importance of selecting founders who demonstrate vision and capability, as well as the potential for their startups to disrupt existing markets.
As of now, Blackwood Ventures has made 14 investments through its first fund. The firm has a diverse portfolio that includes companies across various sectors, particularly in fintech, cleantech, and Web3/AI. Notable portfolio companies include:
These companies exemplify Blackwood Ventures' commitment to supporting innovative startups that have the potential to disrupt their respective sectors. The firm’s investment strategy is designed to foster growth and success for its portfolio companies through its extensive network and resources.
Bastian Larsen — Co-founder of Blackwood Ventures, previously worked at BlackRock hedge fund, bringing extensive financial expertise to the firm.
Thomas Derambure — Co-founder, involved in the strategic direction and operations of the firm, with a focus on supporting early-stage startups.
Bo Koch-Christensen — Team member with a background in startup ecosystems, formerly associated with TechBBQ, contributing to the firm's network and operational support.
To pitch Blackwood Ventures, founders should use the preferred channel available on their website at blackwood.vc. It is important to include a comprehensive pitch deck that outlines the business model, market analysis, and team background. Founders can expect a response within a few weeks, but timelines may vary based on the volume of submissions.
In March 2026, Blackwood Ventures announced the successful final close of its first fund at $25 million, marking a significant milestone for the firm. This fund will support early-stage European startups in fintech, cleantech, and Web3/AI sectors.
In June 2024, the firm secured an additional €14.7 million in the second closing of Fund I, demonstrating strong investor confidence and commitment to backing innovative startups.
What are Blackwood Ventures' investment criteria?
Blackwood Ventures focuses on early-stage investments in fintech, cleantech, and Web3/AI sectors. The firm seeks startups that demonstrate potential for significant impact and innovation.
How can founders apply or pitch to Blackwood Ventures?
Founders can pitch their ideas through the firm's website at blackwood.vc. It is advisable to include a clear business model, market analysis, and team background in the pitch deck.
What makes Blackwood Ventures different from other VC firms?
Blackwood Ventures distinguishes itself through its extensive network of over 1,000 angel investors and partnerships with more than 15 European incubators and universities, providing portfolio companies with valuable resources and mentorship.
What is the geographic scope of Blackwood Ventures?
The firm primarily invests in early-stage startups across Europe, focusing on companies that can leverage the European market for growth.
What is the typical check size for investments?
While specific check sizes are not disclosed, Blackwood Ventures typically invests in the pre-seed to seed stage, which suggests smaller initial investments aimed at supporting early growth.
What kind of post-investment involvement does Blackwood Ventures have?
Blackwood Ventures actively engages with its portfolio companies, providing access to its network and resources, which enhances the chances of success for the startups it invests in.
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