byFounders

Investment decisions are led by Managing Partners Tommy Andersen and Eric Lagier, with Partner Magnus Hambleton overseeing day-to-day deal execution. The firm's structure disperses origination and due-diligence contributions across a broader collective of venture partners, but final Investment Committee authority rests with the Managing Partners. Andersen previously co-founded Libratone, the consumer audio company, while Lagier brings operational experience from scaling technology businesses.

byFounders sources through a collective of approximately 30 venture partners, all of whom are active or recently exited Nordic technology founders. Each venture partner's company network, alumni base, and personal reputation act as independent sourcing channels that funnel early-stage startups to the core investment team. The firm complements this with a community program of founder events across Copenhagen, Stockholm, Helsinki, and Oslo, which generates inbound opportunities from the regional ecosystem.

byFounders operates as a classic venture capital firm, not a family office. It raises funds from institutional limited partners, including the Danish state fund Vækstfonden, European family offices, and technology founders, and invests on behalf of those LPs with a standard management fee and carry structure. The operator collective also co-invests personal capital alongside the fund in select deals.

byFounders is primarily a direct investment firm, writing Seed and Series A checks directly into startup equity. The firm does not allocate LP capital into other venture funds as a fund-of-funds. However, the venture partner network occasionally enables club-style co-investments where individual members of the collective invest personally alongside the main fund vehicle.

The firm targets pre-Seed to Series A stages, with initial ticket sizes typically between €1 million and €5 million. It reserves capital for follow-on investments into portfolio companies that reach growth stage, though the primary strategy is early-stage entry. The portfolio construction emphasizes ownership targets appropriate for lead or co-lead positions in Nordic rounds.

byFounders is deeply embedded in the Nordic startup ecosystem through its operator-collective structure. The firm's venture partners include founders and early employees of companies such as Zendesk, Unity, Tradeshift, and Vivino. This community model means the firm functions not only as a capital provider but also as a de facto guild that connects portfolio founders into the operational expertise and commercial relationships of the broader Nordic tech diaspora.

The firm is headquartered in Copenhagen, Denmark, with a second office in Stockholm, Sweden. Its investment mandate covers the Nordic and Baltic regions, with selective exposure to Northern Europe. The venture partner network extends the firm's reach into Helsinki, Oslo, and Berlin, enabling origination in startup hubs across the broader Baltic and North Sea corridors.