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Northcap is a venture capital firm founded in 1999, initially known as IVS (Internet Ventures Scandinavia), and rebranded in 2006. The firm is headquartered in Northern Europe, focusing on investments in information and communication technology (ICT) startups. Northcap has a strong commitment to supporting companies that demonstrate ambition and potential for international growth.
As of now, Northcap manages a fund size of €70 million, raised in 2012, and has invested in over 40 companies. The firm is backed by the European Union through the Competitiveness and Innovation Framework Programme (CIP), which enhances its capacity to support startups in the region. Northcap's investment strategy is centered on the Northern half of Europe, including key markets such as Denmark and Germany.
Northcap invests primarily in ICT B2B and B2B2C startups, with a particular emphasis on sectors such as cloud computing (SaaS), communications, mobile/mobility, online services, and e-commerce. The firm provides funding across three distinct stages of development: Seed Stage, Early Stage, and Growth Stage.
In the Seed Stage, Northcap targets companies that have just begun generating revenue, primarily in Denmark. For the Early Stage, the firm looks for companies with a proven business model and revenues between €1-2 million, focusing on the Northern half of Europe, including Germany. In the Growth Stage, Northcap invests in well-established companies with revenues typically ranging from €10-25 million, also located in Northern Europe. This structured approach allows Northcap to support startups at various stages of their growth journey.
Northcap has invested in over 40 IT companies, although specific names and descriptions of notable portfolio companies were not provided. The firm’s portfolio reflects its focus on ICT startups, particularly those with B2B and B2B2C models. This diverse portfolio showcases Northcap's commitment to supporting innovative companies in the technology sector.
While detailed information on individual companies is not available, the breadth of Northcap's investments indicates a strong presence in the ICT market, particularly in cloud computing, communications, and e-commerce sectors.
Thomas Weilby, General Partner - Thomas has extensive experience in venture capital and has been instrumental in leading investments in various ICT startups. His background includes a strong focus on technology-driven companies.
Kim Wiencken, General Partner - Kim brings a wealth of knowledge in the ICT sector, having worked with numerous startups to help them scale and achieve their growth objectives. His expertise lies in identifying promising investment opportunities.
What are Northcap's investment criteria?
Northcap focuses on ICT B2B and B2B2C startups, particularly in cloud computing, communications, mobile/mobility, online services, and e-commerce. The firm invests across Seed, Early, and Growth stages, targeting companies with international growth potential.
How can startups apply or pitch to Northcap?
Startups interested in pitching to Northcap should prepare a detailed business plan that outlines their growth strategy, market potential, and financial projections. Direct inquiries can be made through their website.
What makes Northcap different from other venture capital firms?
Northcap's unique focus on ICT startups in Northern Europe, combined with its backing from the European Union, positions it as a strong partner for companies aiming for international growth. The firm’s structured investment approach across various stages of development also sets it apart.
What is Northcap's geographic scope?
Northcap primarily invests in the Northern half of Europe, including countries like Denmark and Germany. This geographic focus allows the firm to leverage local market knowledge and networks.
What is the typical check size for investments?
While specific check sizes are not disclosed, Northcap invests across Seed, Early, and Growth stages, indicating a range of investment amounts tailored to the needs of the startups.
What kind of post-investment involvement does Northcap have?
Northcap actively supports its portfolio companies through strategic guidance and access to resources, helping them navigate growth challenges and opportunities in the ICT sector.
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