Danish VC PSV Tech launches EUR 70 million fund to support future Nordic tech leaders

PSV has announced the launch of their second pre-seed fund, PSV Tech Fund II with a target of EUR 70 million to back the next generation of Nordic tech startups. The fund is backed by investors such as ATP, the Danish Export and Investment Fund (EIFO), and The Danish Society of Engineers (IDA) as well as a list of successful tech founders.

PSV Tech Fund II will invest in the next generation of Nordic tech founders in AI, software, and digital infrastructure with an overall mission to build technical talent and support Europe’s path to technological sovereignty and resilience. The fund is managed by GPs Christel Piron, Helle Uth, Richard Breiter, and Alexander Viterbro-Horten.

Mazanti Transactions has advised long-term client PSV throughout the entire process – from the initial planning of fund structure, scope, and setup to the successful closing.

For more about the fund, read here.