⦿ PLATFORM

Our promise
to founders

At the core of our fund is our tight-knit community, who present you with operational expertise, network, and guidance. We put our founders at the front and center of everything we do. To us, this is the only way we can truly act as trusted partners to our founders.

What does this mean in practice? What can you, as a founder, expect from our partnership? This is our value-add. Our toolkit. Our secret sauce.

Wisdom-as-a-service

The byFounders Collective - consisting of some of the most accomplished Nordic and Baltic founders and operators - is deeply engaged in our work and assists in sourcing deals, evaluating opportunities, supporting our Portfolio companies, and acting as ambassadors for the byFounders brand. By leveraging the Collective, we're able to deliver world-class operational support to our Portfolio companies.

byFounders Collective overview

NATIONALITY
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Heini ZachariassenHeini Zachariassen

Heini Zachariassen

Vivino
Denmark
Jeppe RindomJeppe Rindom

Jeppe Rindom

Pleo
Denmark
Triin HertmannTriin Hertmann

Triin Hertmann

Grant Thornton, Skype, Transferwise (now Wise), Grünfin
Estonia
Timo SoininenTimo Soininen

Timo Soininen

Small Giant Games, Spinnova, Sulake (Habbo Hotel)
Finland
Sten TamkiviSten Tamkivi

Sten Tamkivi

Skype, Teleport
Estonia
Niklas ZennstromNiklas Zennstrom

Niklas Zennstrom

Skype, Atomico
Sweden
Peter Holten MühlmannPeter Holten Mühlmann

Peter Holten Mühlmann

Trustpilot
Denmark
Josefin LandgardJosefin Landgard

Josefin Landgard

KRY/LIVI, Glossybox, Videoplaza, MANTLE
Sweden
Robin DanielsRobin Daniels

Robin Daniels

WeWork, Salesforce, Box, Linkedin
Denmark
Jakob JønckJakob Jønck

Jakob Jønck

SimpleFeast, Endomondo
Denmark
Anna SøndergaardAnna Søndergaard

Anna Søndergaard

The FootPrint Firm
Denmark
Camilla Ley ValentinCamilla Ley Valentin

Camilla Ley Valentin

Queue-IT
Denmark
Henrik RosendahlHenrik Rosendahl

Henrik Rosendahl

CloudVolumes, NeuVector
Denmark
Karl Munthe-KaasKarl Munthe-Kaas

Karl Munthe-Kaas

Kolonial, Nabobil
Norway
Mathias Gredal NørvigMathias Gredal Nørvig

Mathias Gredal Nørvig

SYBO Games
Denmark
Ari TullaAri Tulla

Ari Tulla

Elo Health (CEO/co-founder), BetterDoctor (CEO/cofounder), Quest Analytics (CEO)
Finland
Louise LachmannLouise Lachmann

Louise Lachmann

Mono Solutions, Matter Design Studio, Pentamind
Denmark
Marie MostadMarie Mostad

Marie Mostad

inzpire.me
Norway
Áslaug MagnúsdóttirÁslaug Magnúsdóttir

Áslaug Magnúsdóttir

Founder Katla Inc, Co-Founder Moda Operandi Inc
Iceland
Torsten KolindTorsten Kolind

Torsten Kolind

YouNoodle
Denmark
Peter JensenPeter Jensen

Peter Jensen

Rocketfuel, Spanugo Inc. (IBM), ParStream (CISCO), StopTheHacker (Cloudflare)
Denmark
Kasper HulthinKasper Hulthin

Kasper Hulthin

Peakon, Podio
Denmark
Morten PrimdahlMorten Primdahl

Morten Primdahl

Zendesk
Denmark
Jonas VigJonas Vig

Jonas Vig

Bambuser, Min Doktor
Sweden
Gert SylvestGert Sylvest

Gert Sylvest

Tradeshift
Denmark
Claus MoseholmClaus Moseholm

Claus Moseholm

Quantica, GoViral
Denmark
Bjarne ChristiansenBjarne Christiansen

Bjarne Christiansen

Realm
Denmark
Christian BirkChristian Birk

Christian Birk

Endomondo, Roster Athletics
Denmark
Christian LindholmChristian Lindholm

Christian Lindholm

Fjord, Vertical, Koru
Finland
Christine SpitenChristine Spiten

Christine Spiten

Blueye Robotics, EntrepreneurShip One, World Wildlife Fund
Norway
Jacob AqraouJacob Aqraou

Jacob Aqraou

Finexia, Ebay
Denmark
Johan BrandJohan Brand

Johan Brand

Kahoot! & We Are Human
Norway
Juha ChristensenJuha Christensen

Juha Christensen

Star, Symbian, FridayPM, CloudMade
Denmark
Julius HesletJulius Heslet

Julius Heslet

Puori
Denmark
Kristian RiisKristian Riis

Kristian Riis

Nephew, NordicLA, Backscatter
Denmark
Lisa DubostLisa Dubost

Lisa Dubost

California Kitchen, AirBnB
Denmark
Lasse SurlandLasse Surland

Lasse Surland

Football Radar, Youlend
Denmark
Christian HjorthChristian Hjorth

Christian Hjorth

SAP, Salesforce.com, Tradeshift, Follze, Snapdocs
Denmark
Christian MikalsenChristian Mikalsen

Christian Mikalsen

Kolonial.no
Norway
Erik SegerborgErik Segerborg

Erik Segerborg

Hemnet, Avito, Domofond, McKinsey
Sweden
Mikkel Hippe BrunMikkel Hippe Brun

Mikkel Hippe Brun

Tradeshift
Denmark
Kair KäsperKair Käsper

Kair Käsper

Pipedrive, Klaus
Estonia
Martin KõivaMartin Kõiva

Martin Kõiva

Klaus, Pipedrive
Estonia
Morten E. WulffMorten E. Wulff

Morten E. Wulff

GameAnalytics, Mobvista
Denmark
Nicolaj ReffstrupNicolaj Reffstrup

Nicolaj Reffstrup

Ganni
Denmark
Lars Fløe NielsenLars Fløe Nielsen

Lars Fløe Nielsen

Sitecore
Denmark
Jani PenttinenJani Penttinen

Jani Penttinen

Transfluent, Utopos
Finland
Dino PattiDino Patti

Dino Patti

Playdead, Jumpville
Denmark
Frederikke SchmidtFrederikke Schmidt

Frederikke Schmidt

Roccamore
Denmark
Jesper Højberg ChristensenJesper Højberg Christensen

Jesper Højberg Christensen

Advice
Denmark
Jesper SøgaardJesper Søgaard

Jesper Søgaard

Better Collective
Denmark
Joachim MajholmJoachim Majholm

Joachim Majholm

Gong Media
Denmark
Kaare DanielsenKaare Danielsen

Kaare Danielsen

Jobindex
Denmark
Lars HoubakLars Houbak

Lars Houbak

MobileThink
Denmark
Lars ThinggaardLars Thinggaard

Lars Thinggaard

Milestone Systems
Denmark
Michael DrejerMichael Drejer

Michael Drejer

FFW
Denmark
Thomas Madsen-MygdalThomas Madsen-Mygdal

Thomas Madsen-Mygdal

Podio, TwentyThree
Denmark
Thomas AlbertThomas Albert

Thomas Albert

Pentia, Sitecore
Denmark
Søren H. NissenSøren H. Nissen

Søren H. Nissen

Drivr, Spiri, Daimler
Denmark
Sune AlstrupSune Alstrup

Sune Alstrup

The Eye Tribe, Oculus
Denmark
Peter Michael Oxholm ZiglerPeter Michael Oxholm Zigler

Peter Michael Oxholm Zigler

Autobutler
Denmark
Peter HartzbechPeter Hartzbech

Peter Hartzbech

iMotions
Denmark
Pernille Hippe BrunPernille Hippe Brun

Pernille Hippe Brun

Momentu, GetSession.com
Denmark
Jakob LangemarkJakob Langemark

Jakob Langemark

NoA Ignite, Hello Great Works
Denmark
Bodie Jahn-MullinerBodie Jahn-Mulliner

Bodie Jahn-Mulliner

SYBO Games
Denmark
Moonis KamilMoonis Kamil

Moonis Kamil

Onfone, iPosen
Denmark

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What’s on the menu

1

Mentorship

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Peer support and matchmaking

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18-month game plan

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Events

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PR support

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Fundraising support

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The byFounders Summit

Once every year, we gather our Portfolio founders, Collective members, and investors for a full day of activities and networking at the byFounders Summit. This is an excellent opportunity to connect in an informal setting, seeding the ground for close collaboration and trust-based partnerships.

“Being a member of the byFounders Collective is a way of giving back to the community. I don't think I have seen anything quite like this on the investor scene before.”

Anna Søndergaard
The Footprint Firm

Where do you invest?

We invest in great founders and great teams anywhere. But we do have a soft spot for founders with a connection to the Nordic and Baltic countries, whether by nationality or by being based here.

What do you invest in?

We invest in early-stage companies with software-driven business models. We invest in globally ambitious founding teams who are conscious about their impact on the world. Read more about our focus here.

At what stage do you invest?

Our sweet spot is Seed stage, but we invest as early as pre-seed, and we can enter as late as Series A.

What are the 8 Ts?

The 8 Ts is the framework we use to evaluate companies. Just like you, we as investors need to consider what rocketships we should opt for a seat on. It’s not just about what company’s valuation will 10X the fastest. 

The purpose of our 8 T framework is to structure and clarify our thinking about your company and the opportunity it represents. It is not a checklist where you need to tick off every box, however, we encourage you to consider how you can address each of the Ts. Read more here.

Do you lead rounds? What is your ticket size?

Yes. Our ticket size depends on whether we lead or follow, syndicate, or go at it as the sole investor. On average, our ticket size ranges between EUR 500K to 4m.

What do you look for when assessing a company?

We evaluate every startup using our 8 T framework, to structure and clarify our thinking about your company and the opportunity it represents. It is not a checklist where you need to tick off every box, however, we encourage you to consider how you can address each of the Ts. Read more here.

What do you mean with impact-aware?

We believe superior financial returns will come from investing in companies contributing to a better Tomorrow. Either through their product or service or by how they run their business. Ideally both. 

We are not an impact fund, but we have adopted an impact-aware approach throughout all of our actions as a fund and firm. This approach complements our existing core values and principles from when we first started the fund.  

We've added an 8th T: Tomorrow, to our existing 7 T framework for evaluating companies. You can read more about that here.

Do you syndicate with other investors?

Occasionally, when it makes sense. For example, if we see that our competencies and network are complemented by those of another investor or VC fund, we love to bring them along. You can read more about the investors with whom we have co-invested under each specific portfolio company here.

How many new investments do you do in a year?

Approximately 10-12.

Are you actively investing?

How big is your fund?

Our Fund I is EUR100m. Our Fund II will be EUR100-120m. 

How long do you take to decide?

It depends on a few things, including the urgency from your side, but typically about 1-3 weeks at most.

What don’t you invest in?

We do not invest in companies focusing on tobacco and alcoholic beverages, weapons, gambling, pornography or the illegal distribution of intellectual property.

We don’t invest in areas and verticals of which we have little knowledge or experience, either as a team or by extension, our Collective. When evaluating whether to invest in a company, we must understand how we can help the company move forward. If we don’t see that we can provide value, we don’t invest. Simple as that.

What’s the difference between your Fund I and II?

The main difference between our two funds is that for Fund II, we have explicitly adopted an impact-aware approach, from how we screen companies, to how we work with our portfolio as well as how we run our own firm.