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Danish VC Dreamcraft Ventures closes €66M Fund II to scaleup investments in Europe

Dreamcraft Ventures team
Picture credits: Dreamcraft Ventures

Copenhagen-based Dreamcraft Ventures, an emerging VC in the Nordics, has announced the final closure of its €66 million Fund II, surpassing its initial target. The investment came from institutional investors from the Nordics such as Chr. Augustinus Fabrikker, Family Offices, and well-connected entrepreneurs. 

Dreamcraft Ventures invests in the next generation of B2B software companies. With Fund II, the VC plans to back ambitious founders at pre-seed and seed stages in the Nordics and across Europe, doubling down on its track record within three core industries: B2B SaaS, Digital Entertainment, and FinTech. 

Approach to invest in Europe

With its “venture engineering” approach, Dreamcraft Ventures aims for more graduations and exits. The team follows a structured, reliable, and formalised graduation-centric playbook and supports its portfolio founders on critical operational topics from the first engagement. The firm has already made several investments in Germany and will continue building the bridge between the Nordics and Germany, with the ambition of investing across Europe.

With plans to invest in 30 companies with Fund II, the VC firm plans to grow its portfolio to over 40 companies across Europe.

As venture engineers, Dreamcraft Ventures supports its portfolio founders, through their founder enablement approach. With a dedicated case team for each portfolio company and in-house People & Culture expert, Nico Blier-Silvestri, using his experience as an operator and former founder of a VC-backed company, the team is there to take the early-stage founders on a structured path to their Series A round.

Portfolio of investments 

Dreamcreaft Ventures was founded in 2019 by Jesper Søgaard and Christian Kirk Rasmussen, co-founders and respectively CEO and COO of Better Collective A/S, one of the world’s leading digital sports media groups. It invests in tech startups in the Nordics and Europe and supports them in achieving prospective rounds in the future. 

Its portfolio includes the following companies: 

  • A Danish open-source application platform for Kubernetes.
  • The Football Company: The world’s first football metaverse startup from Munich.
  • Flawless: A London-based AI-powered operations observability and incident management platform. 
  • Teamway: A Danish startup that uses web3 to build a member-owned society for product builders.
  • Hakio: An AI-powered forecasting platform from Denmark for the fashion industry.
  • We Are Learning: A Norwegian SaaS platform closed funding to enable immersive learning content.
  • Inception: A Swedish startup that redesigns computing infrastructure by building heterogenous hardware accessibility increasing efficiency, and lowering costs.
  • Tilta: A Germany-based embedded lending infrastructure for B2B e‑commerce transactions.
  • Neoke: A Dutch digital identity hub that enables seamless travel experiences and empowers travellers to maintain control of their data. 

“We’re glad to have the continuous support and trust of our LPs to bring our investment and value-add approach – what we call venture engineering – from the Nordics to the European ecosystem, said Carsten Salling, General Partner, Dreamcraft Ventures. “We’re convinced that VC is a craft, not an art, and we’re excited to be supporting the most ambitious founders across Europe with our structured and reliable investment approach.”

“It’s about being a reliable partner for the founders. We’re strongly convinced that early-stage investing is a craft and it’s about getting the work done. We work hand-in-hand with founders to build successful ventures and support them towards Series A, even with the nitty-gritty things. Founders can rely on us and get the missing pieces in building what is needed to be built to graduate at pre-seed and seed stages,” said Daniel Mariussen, Managing Partner, Dreamcraft Ventures, a former founder himself.

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