Fund profile / Denmark

Unconventional Ventures Fund II

Geography: Denmark
Stage: Pre-Seed
Fund size: €52M
Focus: Climate & Sustainability and Digital Health
Signals: Published

N°01 / About

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.

N°02 / Thesis

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

financial wellness

fintech & financial inclusion

storytelling & narrative

AI innovation

metaverse economy

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

Advisor actively publishes on banking, AI, metaverse ecosystem trendsexternal

Theodora Lau's Unconventional Ventures actively connects founders to fundersecosystem_partner_site

Core belief: great ideas deserve equal opportunity to succeed regardless of founder identityecosystem_partner_site

Theodora Lau published Banking on (Artificial) Intelligence, The Metaverse Economy, Beyond Goodunconventional_ventures_site

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

23 signals on Unconventional Ventures Fund II

9 bullish · 3 contrarian · 5 pitch do's · 3 don'ts · 3 GP profiles, each with its source. From €9/month, cancel anytime.

See a signal free View Plans Browse all Signal Profiles →

Facts

Fund Overview

Fund Size€52M

Saves0

Website

People

Key People

Nora Bavey, Thea Messel

Nora BaveyGeneral Partner / Co-Founder

Thea MesselGeneral Partner / Co-Founder

Theodora LauAdvisor / Ecosystem Partner

Backers

Known LPs

InvestinorFund-of-Funds

Wire GroupImpact investor

Merete Lundbye MollerIndividual / Angel

+1 more LP in LP Radar

N°04 / See also

Related Funds

Climentum Capital Fund II

Fund size€100M

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

Seed

Energy Tech

Climate Sustainability

Deep Tech

Novo Holdings (Life Sciences Fund)

Fund size$1800M

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

Series A

Deep Tech

Saas

byFounders Fund III

Fund size€130M+

Location: Denmark
Stage: Seed
Focus: Ai Ml, Saas, Deep Tech, Climate Sustainability
Manager: Eric Lagier, Tommy Andersen, Sara Rywe

Seed

Ai Ml

Saas

Deep Tech

Climate Sustainability