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Nalik Ventures A/S, established in 2022, is the only venture capital firm in Greenland, formed through the merger of Greenland Holding, Greenland Venture, and Innovation Greenland. Headquartered in Nuuk, it serves as the primary vehicle for government-backed economic development and business investment on the island. The firm is dedicated to ensuring that the benefits of economic growth remain within the Greenlandic community, managing significant community-owned assets.
As of now, Nalik Ventures has supported over 400 startup companies, focusing on sectors that promote sustainable development. The firm plays a crucial role in fostering competitive business development through active investments and financing, while also overseeing EU programs that Greenlandic businesses can apply for. This unique position allows Nalik Ventures to contribute significantly to the economic landscape of Greenland.
Nalik Ventures invests across various sectors, including healthcare, consumer goods, food-agtech, fintech, edtech, and biotech, with a strong emphasis on economic development in Greenland. The firm targets seed, Series A, and Series B stages, providing financial support and consultancy to ensure that investments lead to sustainable growth. Nalik Ventures prioritizes tourism, hospitality, and resource industries, ensuring significant Greenlandic ownership in the companies it supports.
The organization actively promotes competitive business development through its investments, aiming to create a thriving entrepreneurial ecosystem in Greenland. Nalik Ventures also assists businesses in accessing EU programs, enhancing their ability to participate in international markets. This comprehensive approach ensures that the benefits of growth and development are retained within the local community.
Nalik Ventures has a diverse portfolio of notable companies that reflect its commitment to supporting local businesses. Key portfolio companies include:
This portfolio illustrates Nalik Ventures' focus on fostering local entrepreneurship and economic growth across various sectors.
Peter Christiansen: CEO with extensive experience in venture capital and economic development, previously held leadership roles in various investment firms.
Gorm Vold: Chief Consultant, specializing in business strategy and development, with a background in consulting for startups.
Karin Pedersen Thorsen: Customer Director, focused on client relations and support, previously worked in customer service roles in the financial sector.
Edvard Lyberth Mørch: Consultant with expertise in business operations and development, has a strong background in project management.
Inoqut Kristensen: Project Manager GoGreenland, responsible for overseeing government programs aimed at promoting entrepreneurship.
Augusta Lundblad: Head of Entrepreneurship, dedicated to supporting startups and fostering innovation in Greenland.
Arnajaraq Ravnshøj-Davidsen: Business Advisor with a focus on strategic growth and development for local businesses.
Arnarulunguak Petersen: Business Advisor at Avannaata Kommunia, providing insights into regional business opportunities.
Nunni Mørch: Economic Consultant with expertise in economic policy and development strategies.
Rasmus Petersen: CFO, overseeing financial operations and investment strategies.
Marie-Louise Karlsen: Consultant with a focus on business development and support for startups.
Anna Lange Kleist: Trainee in the Economic Department, assisting with various projects and initiatives.
To pitch Nalik Ventures, founders should use the application portal available at this link. It is essential to include a comprehensive business plan, financial projections, and details on how the startup aligns with Nalik's focus on economic development in Greenland. Nalik Ventures prefers pitches that highlight community engagement and local ownership.
Response times may vary, but founders can expect feedback within a few weeks of submission. Warm introductions are beneficial but not mandatory.
Nalik Ventures runs several initiatives to support local businesses, including:
In April 2023, Nalik Ventures announced its participation in a co-investment with the Export and Investment Fund of Denmark and Novo Holdings to support the Rock Flour Company, enhancing its operational capabilities.
In March 2023, the firm launched the IKUMA program aimed at supporting tourism-related businesses, set to begin in February 2026 with a cohort of ten participants.
Throughout 2023, Nalik Ventures has organized several workshops and conferences focused on economic development and entrepreneurship in Greenland, including events held in Katuaq.
What are Nalik Ventures' investment criteria?
Nalik Ventures focuses on supporting SMEs and startups across all sectors in Greenland, with particular emphasis on tourism, hospitality, and resource industries. The firm seeks to ensure significant Greenlandic ownership in its investments.
How can I apply or pitch to Nalik Ventures?
Founders can apply through the Nalik Ventures application portal at this link. It is recommended to include a detailed business plan and financial projections in the pitch.
What makes Nalik Ventures different from other investors?
Nalik Ventures is unique as it is the only venture capital firm in Greenland, focusing on community-owned assets and ensuring that the benefits of investments remain within the local community.
What is the geographic scope of Nalik Ventures?
The firm invests globally, with a primary focus on North America, Europe, and Asia, while emphasizing economic development in Greenland.
What kind of post-investment involvement does Nalik Ventures have?
Nalik Ventures provides ongoing support through consultancy, access to government programs, and assistance in navigating EU funding opportunities.
What is the typical check size for investments?
While specific check sizes are not publicly disclosed, Nalik Ventures invests in seed, Series A, and Series B stages, indicating a range of investment amounts tailored to the needs of the startups.
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