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Ugly Duckling Ventures

VC fundCopenhagen, Denmarkuglyduckling.venturesLinkedIn

The fund is dedicated to supporting Nordic ventures with proven revenue traction and the potential for long-term scalability.

What they invest in

Stages

SeedPre-Seed

Sectors

AI / MLBiotech & PharmaB2B SaaSHealthTechCybersecurity

Geographies

Nordic region

In numbers

In the last 24 months, Ugly Duckling Ventures took part in 6 funding rounds on record at Oka, 3 of them in the last 12 months. It led or co-led 4 of the 6 rounds where the lead investor was reported. AI / ML is its most frequent sector (3 of 5 rounds with a known sector), Seed its most frequent stage (3 of 5). Most often the startup was based in Denmark: 3 of 6 rounds with a known location. The most recent round on record is from September 2026.

As of October 2026. Source: Oka, counted from funding rounds reported in the press; rounds that were never reported are not included.

The facts

Headquarters
Copenhagen, Denmark
Founded
2021

Portfolio companies

ClockCytelyEupryFinancial NewsPentimenti AISkyforaSpiich

More portfolio companies

P-SecureUniooMoxsoFinancial News SystemsBeCause (Business/Productivity Software)VelatirKanda (Educational Software)Clock&CloudDiplomasafeYOGOLab08VerasFood FamilyKanda

Recent rounds

  • Velatir

    €5 millionSeedAI / ML

    SpintopleadUgly Duckling VenturesNorrsken EvolveDanish Export and Investment FundDanish Export and Investment Fund (EIFO)The Export and Investment Fund of Denmark · +3 more in the source

    Denmarktech.eu

  • Palette

    €3MPre-SeedAI / ML

    Ugly Duckling VenturesleadEmblemAcadian Ventures · +12 more in the source

    Denmarktech.eu

  • Moxso

    €4.7MSeedCybersecurity

    Seed CapitalleadUgly Duckling VenturesD2 Fund

    Denmarksiliconcanals.com

  • Skyfora

    €4MClimate

    Ugly Duckling VenturesleadLumo LabsleadVoima VenturesEIC Fund

    Finlandsiliconcanals.com

Rounds Ugly Duckling Ventures took part in, as reported by the linked articles. See who else is investing right now.

Questions founders ask

Is Ugly Duckling Ventures actively investing?
Yes. Oka has 3 funding rounds with Ugly Duckling Ventures on record from the last 12 months; the most recent is from September 2026.
Does Ugly Duckling Ventures lead rounds?
Ugly Duckling Ventures led or co-led 4 of the 6 rounds on record where the lead investor was reported (last 24 months).
Which stages does Ugly Duckling Ventures invest in?
Ugly Duckling Ventures invests at Seed and Pre-Seed. In the rounds on record, Seed is the most frequent (3 of 5).
Where is Ugly Duckling Ventures based?
Ugly Duckling Ventures is headquartered in Copenhagen, Denmark.

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