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byFounders

byFounders is an early-stage venture fund founded in 2017 in Copenhagen, Denmark. It invests in technology sector teams, focusing on a practical investment...

Overview

byFounders is an early-stage venture fund founded in 2017 in Copenhagen, Denmark. It invests in technology sector teams, focusing on a practical investment approach. The fund has made 102 investments and facilitated 9 portfolio exits.

General information

Firm type

Venture Capital

Year founded

2017

Location

Region

Europe

Country

Denmark

City

Copenhagen

Corporate office

Copenhagen, Denmark

Additional offices

Stockholm, Sweden

Principals

Tommy Andersen

Managing Partner

Eric Lagier

Managing Partner

Magnus Hambleton

Partner

Sector focus

Enterprise SoftwareAI/MLFinTechDigital HealthClimateTechIndustrial Tech

Frequently asked questions

Who runs investment decisions at 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.

How does byFounders source proprietary deal flow?

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.

Does byFounders participate in fund commitments or only direct 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.

How is byFounders related to the Nordic tech community?

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.

Where does byFounders maintain offices, and what is its geographic mandate?

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.

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