# NorthCap Partners

NorthCap Partners is a Private Equity based in Hellerup, Denmark.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Hellerup, Denmark
- **Region:** Europe
- **Address:** Hellerup, Denmark
- **Founded:** 2006
- **Assets under management:** Undisclosed
- **Website:** www.northcap.vc
- **LinkedIn:** https://www.linkedin.com/company/northcap-commercial

## Regulatory record

- **Reports private funds:** No

## About

We are Northcap A team of experienced professionals with operational backgrounds building companies and comprehensive venture capital experience. We invest in ICT B2B and B2B2C start-ups in Northern Europe. Meet our Team and learn

## Sectors

- Enterprise Software
- SaaS/Cloud
- Mobile
- E-commerce

## People

- Thomas — General Partner
- Kim — General Partner

## Questions

### Who runs investment decisions at NorthCap Partners?

The firm lists two general partners, Thomas and Kim, on its website, and does not name a separate investment committee. Thomas joined the precursor firm in 2002 and has closed more than 20 investments; Kim joined in 2008 and sits on boards including Zmags.

### How does NorthCap Partners source proprietary deal flow?

NorthCap leans on a network of investors, advisers, and executive talent built over more than 20 years of backing ICT startups, combined with the general partners’ prior operating roles at Telenor, TDC, Oracle, and SAP. The firm has not disclosed a specific scouting or venture-partner program.

### Does NorthCap Partners participate in fund commitments or only direct deals?

All disclosed activity is direct investing into operating companies. The firm has not reported making fund-of-fund commitments or participating as a limited partner in other venture funds.

### What investment stages does NorthCap Partners typically target?

NorthCap invests at Seed (from around first revenue, in Denmark only), Early Stage (€1–2 million revenue, proven business model, across Northern Europe including Germany), and Growth Stage (€10–25 million revenue, also across Northern Europe).

### Which sectors does NorthCap Partners explicitly avoid?

The firm states it invests exclusively in ICT — specifically cloud computing and SaaS, communications, mobile and mobility, online services, and e-commerce. Life sciences, deep tech hardware, and non-ICT sectors are outside its stated remit.

### How is NorthCap Partners related to Internet Ventures Scandinavia?

NorthCap Partners is the direct successor to Internet Ventures Scandinavia (IVS), which was founded in 1999. The firm was renamed and restructured under the current general partners in 2006.

## Related profiles

- [North Capital](https://altss.com/profile/north-capital)
- [North Carolina Biotechnology Center](https://altss.com/profile/north-carolina-biotechnology-center)

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Last updated: 2026-06-03T20:00:00.000Z

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