Fund profile / Denmark

byFounders Fund III

Geography: Denmark
Stage: Seed
Fund size: €130M+
Focus: AI/ML, Climate & Sustainability, Deep Tech and SaaS
Signals: Published

N°01 / About

About byFounders Fund III

Nordic & Baltic Startups, AI, SaaS, Deeptech, Platforms, Impact focused fund

N°02 / Thesis

Investment Focus

Location / RegionDenmark

Funding StageSeed

Industry Focus

AI/ML

Climate & Sustainability

Deep Tech

SaaS

Investor Signals Profile

active

Sweet Spot

Ambitious early-stage builders in Nordics solving moonshot problems

Nordics & Baltics focus

early-stage (pre-seed to Series B)

ambitious founders & builders

deep tech, AI, robotics, biotech

climate, energy, infrastructure

generalist — talent over sector

developer tools & SaaS

Bullish Signals

Portfolio: 65 companies across 13 verticalswebsite

Pre-seed 20, Seed 21 — actively early-stagewebsite

Lovable, Verda, Corti, Monta multi-billion exitsexternal

Led €2.7M pre-seed in Spiral Hydrogenlinkedin

35+ accomplished founders in Collective advisingwebsite

Hiring analyst — fund actively deployingexternal

2–4 week decision timeline, transparent processwebsite

Recent bets: Willo (wireless power), Tangled (AI dev)website

Contrarian Signals

Generalist fund — no sector thesis, follows talentwebsite

Invests in deep tech & robotics — capital intensivewebsite

Backs contrarian hydrogen, wireless power betslinkedin

AI thesis: only structural moat survivors thrivewebsite

Founder Do's

Build in Nordics or Baltics — regional focus

Bring breakthrough tech, not incremental

Pre-seed welcome — they lead rounds

Apply 8T framework to pitch (self-assess)

Join byFounders Collective for mentorship

Tap 35+ operator-angels for expertise

Founder Don'ts

Expect protective term sheet clauses — none

Hide from transparency — they publish terms

Build consumer-only — prefer B2B/deep tech

27 signals on byFounders Fund III

8 bullish · 4 contrarian · 6 pitch do's · 3 don'ts · 6 GP profiles, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size€130M+

Saves0

Website

People

Key People

Eric Lagier, Tommy Andersen, Sara Rywe

Filip LandinFounding Partner

Sara RywePartner

Brontë GoldbergerInvestor

Tommy AndersenVenture Partner

Johan JessenInvestor

Deina KelleziInvestor

Backers

Known LPs

EIFO (Export and Investment Fund of Denmark)Sovereign wealth fund

Aldea VenturesFund-of-Funds

Novo HoldingsFoundation / Endowment

+6 more LPs in LP Radar

N°04 / See also

Related Funds

Novo Holdings (Life Sciences Fund)

Fund size$1800M

Location: Denmark
Stage: Series A
Focus: Deep Tech, Saas
Manager: Kasim Kutay, Christoffer Søderberg

Series A

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55 North Quantum Technology Fund I

Fund size€134M

Location: Denmark
Stage: Seed
Focus: Deep Tech
Manager: Asger Laustsen

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Climentum Capital Fund II

Fund size€100M

Location: Denmark
Stage: Seed
Focus: Deep Tech, Energy Tech, Climate Sustainability
Manager: Morten Halborg, Dörte Hirschberg, Stefan Mård, Jennifer Dungs

Seed

Deep Tech

Energy Tech

Climate Sustainability