Unconventional Ventures Fund II

Denmark

Pre Seed

About Unconventional Ventures Fund II

Copenhagen and Stockholm-based impact VC backing women, LGBTQ+, and ethnic minority founders. EIF backing. Portfolio includes battery tech and climate fintech.

Investment Focus

Location / RegionDenmark

Funding StagePre Seed

Industry Focus

Climate Sustainability

Digital Health

Investor Signals Profile

active

Sweet Spot

Underrepresented Nordic founder, pre-seed/seed, impact tech in climate, health, femtech or education

diversity-led impact

pre-seed/seed Nordic

climate & femtech

underrepresented founders

impact KPI infrastructure

fintech & financial inclusion

Bullish Signals

Sovereign LP Investinor re-upped from Fund I signaling institutional convictionblog

Second close achieved during Europe's hardest emerging-manager fundraising cycleblog

SFDR Article 9 tightening will disproportionately favor funds with diversity metricsblog

Diversity thesis remains structurally underpriced — alpha is large and uncrowdedblog

Ecosystem partner expertise spans fintech, AI, metaverse innovation storytellingwebsite

Contrarian Signals

€80M pre-seed fund needs exits fast — European seed exits painfully slowblog

Impact-aligned LP base may constrain hard portfolio decisionsblog

Fund must return capital to prove thesis, not just deploy itblog

Founder Do's

Be a woman founder or founder of color with an impact-aligned thesis

Operate in climate, health, femtech, education, fintech or financial inclusion

Come with documented impact KPIs or willingness to build them

Be based in Nordics or broader Europe at pre-seed or seed stage

Pitch even if adjacent — team is thesis-driven but not dogmatic

Founder Don'ts

Pitch without any impact or social dimension to your business

Come with late-stage or growth-stage funding needs

Expect large first checks — fund writes small, disciplined first checks

Key GPs & Partners

Nora Bavey

General Partner / Co-Founder

thesis-drivencommunity-buildermetrics-driven

Thea Messel

General Partner / Co-Founder

thesis-drivencommunity-buildermetrics-driven

Theodora Lau

Advisor / Ecosystem Partner

fintech-expertdiversity-advocatestoryteller

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Fund Overview

Fund Size€52M

Saves0

Website

Key People

Nora Bavey, Thea Messel

Nora BaveyGeneral Partner / Co-Founder

Thea MesselGeneral Partner / Co-Founder

Theodora LauAdvisor / Ecosystem Partner

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