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Dico is a privately held venture capital firm founded in 1994 and based in Hørsholm, Copenhagen, Denmark. The firm specializes in investing in tech-enabled companies, particularly in the SaaS sector, that have a proven product-market fit. Dico has built a reputation for trust and a hands-on approach, having supported over 80 transactions and exits throughout its history. The firm focuses on building long-term partnerships with exceptional management teams to drive sustainable growth and value creation.
Currently, Dico manages a portfolio of approximately 50 companies, with a strong emphasis on the European and Nordic markets. The firm has successfully exited investments in notable companies such as Pronestor, LogPoint, and DIBS Payment Services. Dico's commitment to long-term value creation and operational efficiency has positioned it as a significant player in the venture capital landscape.
Dico invests primarily in tech-enabled companies, with a strong focus on the SaaS sector. The firm targets seed to Series B stages, emphasizing investments in companies that demonstrate strong management teams and scalable business models. Dico seeks to partner with exceptional founders who are poised for market leadership and aims to drive sustainable growth through hands-on support in business development, internationalization, and strategic acquisitions.
The firm’s investment strategy is centered around long-term value creation, and it actively engages with portfolio companies to enhance operational efficiency. Dico's geographic focus is primarily on Europe and the Nordics, where it identifies opportunities in sectors such as fintech, healthcare, media, and consumer products. The firm’s approach is characterized by a deliberate pace of investment, averaging 1.6 investments per year, which aligns with its hands-on, long-hold model.
Dico's current portfolio includes a diverse range of companies across various sectors. Notable current investments include:
In addition to its current investments, Dico has successfully exited several notable companies, including:
Jesper Lohmann: Director and co-founder of Dico, Jesper has extensive experience in venture capital and investment management. He co-manages the firm alongside Mikael Konnerup and has been instrumental in driving Dico's investment strategy since its inception.
Mikael Konnerup: Director and co-founder, Mikael brings over 40 years of combined experience in the investment sector. He plays a key role in managing Dico's portfolio and has a strong focus on building partnerships with exceptional management teams.
Casper Konnerup: Investment Manager at Dico, Casper is responsible for sourcing and evaluating potential investment opportunities. His expertise lies in identifying scalable business models and supporting portfolio companies in their growth journeys.
Yvonne Cramer: Secretary at Dico, Yvonne provides administrative support and plays a crucial role in the firm's operations, ensuring smooth communication and coordination within the team.
To pitch Dico, founders should use the preferred channel available on TheHub.io. It is advisable to include a comprehensive pitch deck that outlines the business model, market opportunity, and financial projections. Dico values detailed information that demonstrates the startup's potential for sustainable growth.
Response times may vary, but founders can expect a thorough review process. Warm introductions are beneficial, as they can enhance the likelihood of receiving a timely response.
In 2022, Dico made a notable investment in a tech-enabled company, continuing its trend of supporting growth-stage startups. The firm has maintained an active presence in the venture capital space, with a history of over 80 transactions and exits since its founding in 1994.
Recent exits include successful divestments from companies like Pronestor and LogPoint, showcasing Dico's ability to identify and nurture high-potential investments. The firm remains focused on expanding its portfolio in the SaaS sector and is actively seeking new opportunities in the European and Nordic markets.
What are Dico's investment criteria?
Dico focuses on tech-enabled companies, particularly in the SaaS sector, that demonstrate strong management teams and scalable business models. The firm invests in seed to Series B stages, primarily in Europe and the Nordics.
How can I apply or pitch to Dico?
Founders can pitch to Dico through their profile on TheHub.io at this link. It is recommended to include a detailed business plan and financial projections in the pitch deck.
What makes Dico different from other investors?
Dico is known for its hands-on approach and commitment to building long-term partnerships with management teams. The firm emphasizes sustainable growth and value creation, which distinguishes it from many traditional venture capital firms.
What is Dico's geographic scope?
Dico primarily invests in Europe and the Nordics, focusing on companies that have a proven product-market fit in these regions.
What is Dico's post-investment involvement like?
Dico provides hands-on support in business development, internationalization, and strategic acquisitions, working closely with portfolio companies to enhance operational efficiency and drive growth.
What is the average check size for Dico's investments?
While specific check sizes are not disclosed, Dico typically participates in growth-stage rounds, with an average round size of approximately $16.1 million.
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