byFounders announces successful final close of its oversubscribed Fund III raising more than EUR 130 million

byFounders has successfully closed Fund III at more than EUR 130 million, exceeding its fundraising target and attracting commitments from both Danish and international LPs. The successful closing marks another significant milestone for byFounders and further reinforces its position as one of the leading early-stage venture capital funds in the Nordic region.

byFounders was founded in 2017 with the vision of creating a founder-first venture fund in the Nordics that matches the ambitions of the leading global venture capital funds. With Fund III, byFounders strengthens its position in the Nordic venture capital ecosystem and continues its community-powered investment model. 

The fund is backed by its Collective, a group of leading Nordic entrepreneurs who actively contribute their experience, networks, and expertise to portfolio companies. The investment strategy remains focused on early-stage tech companies in the New Nordics. 

The investor base comprises a diversified group of Danish and international investors.

Mazanti Transactions has advised byFounders since 2017, when the team first set out to create what has become byFounders today. From the launch of the first fund through Fund II and now Fund III, Mazanti has been a close partner. Mazanti has advised at every stage, covering all phases from early discussions on fund structure, fund scope, and setup to successful closing, while also advising on all investments made from the byFounders' funds.