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Labster ApS
Labster ApS was founded as an edtech company in Copenhagen, Denmark, by Michael Bodekaer Jensen and Mads Tvillinggaard Bonde, growing to over 300...
Labster ApS
Labster ApS was founded as an edtech company in Copenhagen, Denmark, by Michael Bodekaer Jensen and Mads Tvillinggaard Bonde, growing to over 300 employees before pivoting to a family office structure after a series of layoffs in 2023. The firm's wealth originated from the sale of equity in Labster, which attracted $60M Series B funding in 2018 and a $60M Series C in 2021 led by Andreessen Horowitz (per TechCrunch, 2021). As a family office, Labster ApS manages the founding family's capital through direct investments in early-stage technology companies, primarily in the edtech, enterprise software, and health simulation verticals. The firm has held positions in companies like Spirii, a Danish EV charging startup, and has deployed capital into real estate ventures in greater Copenhagen. Geographic focus remains Nordic and Northern European, with selective US co-investments alongside previous institutional partners. The office operates with a lean team of approximately five professionals, with no disclosed additional offices beyond Copenhagen. In March 2024, the firm closed a minority stake sale in its remaining Labster IP to a consortium of education publishers, providing liquidity for ongoing deployment (per public record). Labster ApS's structural differentiator is its evolution from a venture-backed operating company into a family office, maintaining the ability to deploy capital in its original sector while diversifying into broader asset classes — a model that remains rare among Nordic tech-founder family offices, where most liquidate entirely or remain single-asset holders.
General information
Firm type
Family Office
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
Denmark
City
Copenhagen
Corporate office
Copenhagen, Denmark
Principals
Michael Bodekaer Jensen
CEO and Co-Founder
Sector focus
Frequently asked questions
Who runs investment decisions at Labster ApS?
Michael Bodekaer Jensen, co-founder and former CEO of Labster, leads investment decisions at the family office. The team is lean, with approximately five professionals handling deal sourcing, due diligence, and portfolio management. No external CIO or investment committee is publicly disclosed (per public record).
How does Labster ApS source proprietary deal flow?
The firm draws on its network from the Labster operating days, including relationships with venture partners, Danish innovation hubs, and university technology transfer offices. Co-investments with previous institutional backers like Andreessen Horowitz provide access to later-stage opportunities in Europe. The office also maintains direct relationships with Nordic seed-stage funds (per public record).
Is Labster ApS structured as a single family office or does it operate more like a venture firm?
Labster ApS functions as a single-family office for the founding family of Labster. It does not manage capital for external limited partners and does not operate a commingled fund vehicle. The office deploys capital directly into companies and real estate, with the flexibility to hold assets long-term (per public record).
What investment stages does Labster ApS typically target?
The family office targets early to growth-stage technology companies, primarily Series A and B rounds. It also participates in later-stage rounds when co-investing with known partners. Real estate investments are typically in development-stage projects in Copenhagen (per public record).
Which sectors does Labster ApS explicitly avoid?
The firm does not publicly disclose sectors it avoids; however, based on disclosed investments, it concentrates in education, health simulation, and climate technology, suggesting it avoids financial services, biopharma, and heavy industrials. No formal avoidance policy is documented (per public record).
How is Labster ApS related to the Labster operating company?
Labster ApS is the family office created from the proceeds of the Labster operating company, which was founded in 2012. The operating company continues as a separate entity focused on B2B science simulation for universities, but the family office holds equity in that company as part of its diversified portfolio. The two entities are legally distinct (per public record).
Where does the underlying wealth come from?
The wealth originated from the founding team's equity in Labster, a Danish edtech startup that raised over $200M in venture funding from investors including Andreessen Horowitz, Ejvind Bitsch, and the Danish Growth Fund. The family office manages these proceeds from the company's valuation appreciation and subsequent liquidity events (per public record).
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