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Likeminded
Kristian Madsen's Likeminded runs a Copenhagen venture firm staffed by politicians, athletes, and crypto operators sourcing Nordic early-stage deals.
Likeminded
Likeminded was founded in Copenhagen by Kristian Madsen alongside a partnership group that includes Steffen W. Frølund, a sitting member of the Danish Parliament; Nikolaj Rosenthal, a professional ice hockey player who runs the family office LKN Invest ApS; and Mikael Bondum, a tokenomics specialist and partner at Myrmidon Staking. The firm operates as a generalist early-stage investor, deploying capital primarily across Denmark and the broader Nordic region. Oliver Rye, a Newton Venture Fellow and founder of Hersir Ventures, rounds out the senior team. The firm targets pre-seed and seed-stage companies, with a stated focus on venture generalism that spans software, climate technology, fintech, and digital health. Likeminded structures its investments through direct equity stakes, drawing on the partners' combined operational and political networks to source deals. The partnership's unusual composition — blending legislative access, athletic discipline, and crypto-native expertise — shapes a sourcing model that reaches beyond traditional venture pipelines into Denmark's entrepreneurial and public-policy ecosystems. Likeminded maintains ties to several adjacent vehicles that extend its operational footprint. Partner Mikael Bondum's involvement with Myrmidon Staking provides a direct line into blockchain infrastructure and tokenomics, while the firm is linked to Aureum Group ApS, a mixed-use real estate entity in Copenhagen. The partnership is embedded in professional networks including the Young Presidents Organization and the Newton Venture Program, which offer cross-border co-investor connectivity. The firm also maintains a philanthropic vehicle, Fonden Capital 4 Impact Foundation, though the separation between charitable and investment activities is not publicly detailed. The firm's structural differentiator lies in its partner composition. Where most Nordic venture firms are built by former founders or career investors, Likeminded layers a professional athlete, a parliamentarian, and a staking-infrastructure operator into the same investment committee. That configuration creates a deal-sourcing funnel that reaches into sports ownership, regulatory circles, and crypto-native communities — channels that remain underinstitutionalized in Northern European venture.
General information
Firm type
Generalist
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
Denmark
City
Copenhagen
Corporate office
Copenhagen, Denmark
Principals
Kristian Madsen
Co-founder and Lead Partner
Steffen W. Frølund
Partner
Nikolaj Rosenthal
Partner
Mikael Bondum
Partner
Oliver Rye
Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Likeminded?
Investment decisions sit with the five partners. Kristian Madsen serves as co-founder and lead partner. Steffen W. Frølund contributes political and regulatory perspective from his seat in the Danish Parliament. Nikolaj Rosenthal brings operational discipline from professional sports and his family office LKN Invest ApS, while Mikael Bondum covers crypto and tokenomics infrastructure through his role at Myrmidon Staking. Oliver Rye adds institutional venture training as a Newton Venture Fellow.
How does Likeminded source proprietary deal flow?
Likeminded sources through its partners' distinct professional networks. Frølund's parliamentary role provides visibility into Danish regulatory shifts and public-sector innovation. Rosenthal's athletic career and family office create access to sports-adjacent ventures and private wealth circles. Bondum's staking-infrastructure business surfaces blockchain and web3 founders. The firm also draws on YPO and Newton Venture Program networks for cross-border referrals.
Does Likeminded participate in fund commitments or only direct deals?
Likeminded operates as a direct investor, writing equity cheques into early-stage companies. There is no public record of the firm acting as a limited partner in third-party funds. Its adjacent activities through Aureum Group ApS and Myrmidon Staking operate as separate entities rather than pooled fund commitments.
What investment stages does Likeminded target?
The firm targets pre-seed and seed-stage companies, positioning itself as a first-cheque investor for Nordic founders. It operates as a generalist, meaning it does not restrict itself by sector at the earliest stages, though its partners' expertise concentrates deal flow in software, climate, fintech, and digital health.
How is Likeminded related to Myrmidon Staking and Aureum Group?
Mikael Bondum, a Likeminded partner, is also a partner at Myrmidon Staking, a crypto-staking infrastructure business. Aureum Group ApS is a Copenhagen-based mixed-use real estate company linked to the Likeminded ecosystem. These are separate legal entities, not subsidiaries, but they share partner-level overlap and likely serve as co-investment or deal-referral channels.
Does Likeminded maintain philanthropic structures, and how are they separated?
Likeminded is associated with Fonden Capital 4 Impact Foundation, a Danish philanthropic vehicle. The foundation's governance and grant-making independence from the investment firm are not publicly detailed. Allocators evaluating the firm should request clarity on how charitable assets and investment capital are segregated.
What is Likeminded's geographic footprint?
Likeminded is headquartered in Copenhagen and concentrates its investment activity in Denmark and the broader Nordic region. The partnership's YPO and Newton Venture Program affiliations provide informal reach into other European and North American markets, but the firm's primary deployment remains domestic and regional.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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