Unconventional Ventures Fund II

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

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

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 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

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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