--- title: "byFounders — Backing those who define what's next" meta: author: byFounders description: "The community powered VC of the New Nordics." "og:description": "The community powered VC of the New Nordics." "og:title": "byFounders — Backing those who define what's next" --- ![](https://byfounders.vc/api/public/file/film/home.jpg) [by**Founders**](https://byfounders.vc/) / # Backing those who define what's next. The community powered VC of the New Nordics. AboutPortfolioTeamInsightsLegal byFounders was built by a collective of founders who want to help the next generation of ambitious founders emerging from the New Nordics. Invite us on board as your first investor, and we will be your trusted ally. This is when we can add the most value, and it's something we've done many times before with companies like Lovable, Verda, Sumary, Safetywing, Bob W, Parahelp, Corti, and many, many more. We will encourage, challenge, push, open doors, and serve as your sounding board. Day and night. What that looks like day-to-day depends entirely on you. Our job is to support, not to control you. There's no set playbook, because no two founders need the same thing — but we'll always go above and beyond for you. Whatever you need, whenever you need it. That could be cold-DMing a candidate to close a hire. Sitting in as chief of staff for six months. Testing the product and telling you what's broken. Tearing apart your deck for the next funding round. Or staying out of the way, when that's your ask. As a generalist tech fund, we don't hold a sector thesis. We go where the talent is, and we invest in people before ideas. What we're after is the history and the drive that explain why you keep going when things get tough. That's why we'd rather spend time on the hardest things you've been through than overanalyzing market sizing. Being early also means being genuinely on the same side, so we don't stack the term sheet in our favor with a bunch of protective clauses. We sit in the same share class as you, so there's no version of the outcome where our interests and yours point in different directions. [Our full term sheet](https://byfounders.vc/insights/term-sheet-guide) is public, and we encourage you to read it to understand our approach. Remember, it's never too early to start a conversation with us — though it can definitely be too late. Reach out, and let's start building our relationship. ## Questions ### Are you actively investing? Yes. [Submit your pitch here.](https://pitch.byfounders.vc/) ### Do you syndicate with other investors? Occasionally, when it makes sense. If another investor's competencies and network complement ours, we're glad to bring them along. ### How long do you take to decide? It depends, but our process typically runs 2–4 weeks. ### How do you evaluate companies? We use our 8T framework. It structures how we think about your company and the opportunity it represents. It isn't a checklist you need to tick off, but we encourage you to consider how you'd address each T. [Read more](https://byfounders.vc/insights/8ts) ### What do your terms look like? We've removed almost all downside protection in our term sheet and published it online. [Read our term sheet](https://byfounders.vc/insights/term-sheet-guide) ### What's the byFounders Collective? Our community is our portfolio founders, our core team, and the byFounders Collective: 35+ of the most accomplished founders, operators, and angels in the New Nordics. We selected them for their competencies, their networks, and their desire to give back to the ecosystems that made them. They work directly with our portfolio companies wherever they add the most value — advising on strategy, hosting workshops, coaching, opening their networks, sometimes taking a board seat on our behalf. They also help our core team, bringing us companies and helping us evaluate the ones in their areas of expertise. All of them have pledged to contribute, and many have invested in the fund themselves. Several are active angels who invest alongside us. Our interests and yours point the same direction. Vertical Deep Tech10Vertical SaaS6B2B SaaS5Energy & Climate5Dev & Design Tools5Software2Consumer2Gaming3Health6Fintech4Techbio & Bio3Cybersecurity2Sales/Marketing/CS2Enterprise SaaS2Cloud Infrastructure1Consumer SaaS1Hospitality1Media1SpaceTech1Robotics1Accelerator1Electronics1 Current Stage Pre-seed20Seed21Series A11Series B10Series C1Acquired1 65 companies [![](https://byfounders.vc/assets/lovable-DSRMTuhL.png)LovableNovember 2023](https://lovable.dev/) [![](https://byfounders.vc/assets/verda-DI0JrI9V.png)VerdaSeptember 2024](https://byfounders.vc/verda.com) [![](https://byfounders.vc/assets/corti-CZ14R6MQ.png)CortiFebruary 2018](https://www.corti.ai) [![]()ParahelpNovember 2022](https://parahelp.com/) [![](https://byfounders.vc/assets/monta-DIbq75zn.png)MontaMarch 2021](https://monta.com) [![](https://byfounders.vc/assets/adaptyv-qGJrgRvQ.png)AdaptyvDecember 2023](https://www.adaptyvbio.com/) [![](https://byfounders.vc/assets/bob-w-B-sYaXJk.png)Bob WDecember 2019](https://bobw.co) 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*S*StealthJanuary 2026 *S*StealthMarch 2026 *S*StealthFebruary 2026 *S*StealthJune 2026 *S*StealthSeptember 2026 *S*StealthJune 2026 InvestmentsOperationsCollective ![](https://byfounders.vc/api/public/file/portraits/opt/bronte-goldberger.webp) ### Brontë Goldberger Visiting Analyst![](https://byfounders.vc/api/public/file/portraits/opt/deina-kellezi.webp) ### Deina Kellezi Investor![](https://byfounders.vc/api/public/file/portraits/opt/eric-lagier.webp) ### Eric Lagier Founding Partner![](https://byfounders.vc/api/public/file/portraits/opt/filip-landin.webp) ### Filip Landin Visiting Analyst![](https://byfounders.vc/api/public/file/portraits/opt/johan-jessen.webp) ### Johan Jessen Investor![](https://byfounders.vc/api/public/file/portraits/opt/magnus-hambleton.webp) ### Magnus Hambleton Partner![](https://byfounders.vc/api/public/file/portraits/opt/sara-rywe.webp) ### Sara Rywe Partner![](https://byfounders.vc/api/public/file/portraits/opt/tommy-andersen.webp) ### Tommy Andersen Venture Partner![](https://byfounders.vc/api/public/file/portraits/opt/ugne-musneckyte.webp) ### Ugne Musneckyte Investor ![](https://byfounders.vc/api/public/file/portraits/opt/cecilie-hoff.webp) ### Cecilie Hoff Head of Brand & Community![](https://byfounders.vc/api/public/file/portraits/opt/jacob-busck-andersen.webp) ### Jacob Busck Andersen CFO![](https://byfounders.vc/api/public/file/portraits/opt/line-ettrich.webp) ### Line Ettrich Head of Automation & Fund Intelligence![](https://byfounders.vc/api/public/file/portraits/opt/tova-pilblad.webp) ### Tova Pilblad Community & Events Alen Cvisic*Founder · Denmark*[Alen Cvisic on LinkedIn](https://www.linkedin.com/in/alencvisic) Ana Grouverman*Operator · Sweden*[Ana Grouverman on LinkedIn](https://www.linkedin.com/in/anagrouverman/) Anders Bo Pedersen*Angel Investor · Denmark*[Anders Bo Pedersen on LinkedIn](https://www.linkedin.com/in/andersbopedersen/) Anja Leissner*Founder · Sweden*[Anja Leissner on LinkedIn](https://www.linkedin.com/in/anja-leissner-15286a3/) Ari Tulla*Founder · USA*[Ari Tulla on LinkedIn](https://www.linkedin.com/in/aritulla/) Bjarke Klinge Staun*Angel Investor · Denmark*[Bjarke Klinge Staun on LinkedIn](https://www.linkedin.com/in/bjarkestaun/) Christian Brink Frederiksen*Founder · Denmark*[Christian Brink Frederiksen on LinkedIn](https://www.linkedin.com/in/cbrink/) Christian Hvitved*Founder · Denmark*[Christian Hvitved on LinkedIn](https://www.linkedin.com/in/chvitved/) Christian Lund*Founder · Denmark*[Christian Lund on LinkedIn](https://www.linkedin.com/in/christianlundcph) Christian Lynge Hjorth*Operator · USA*[Christian Lynge Hjorth on LinkedIn](https://www.linkedin.com/in/christianhjorth/) Fertram Sigurjonsson*Founder · Iceland*[Fertram Sigurjonsson on LinkedIn](https://www.linkedin.com/in/fertram/) Filip Lindvall*Founder · Sweden*[Filip Lindvall on LinkedIn](https://www.linkedin.com/in/filip-lindvall-70217b64/) Frida Siwe*Operator · Sweden*[Frida Siwe on LinkedIn](https://www.linkedin.com/in/frida-siwe-55828414/) Hans Henrik Hoffmeyer*Founder · Denmark*[Hans Henrik Hoffmeyer on LinkedIn](https://www.linkedin.com/in/hhhoffme/) Heini Zachariassen*Founder · Denmark*[Heini Zachariassen on LinkedIn](https://www.linkedin.com/in/heini/) Henrik Rosendahl*Founder · Denmark*[Henrik Rosendahl on LinkedIn](https://www.linkedin.com/in/hrosendahl/) Jannick Malling*Founder · USA*[Jannick Malling on LinkedIn](https://www.linkedin.com/in/jmalling/) Janus Jagd*Founder · Denmark*[Janus Jagd on LinkedIn](https://www.linkedin.com/in/janusjagd/) Johan Brand*Founder · Norway*[Johan Brand on LinkedIn](https://www.linkedin.com/in/johanbrand/) Johan Hedevåg*Operator · Sweden*[Johan Hedevåg on LinkedIn](https://www.linkedin.com/in/johanhedevag/) Jonas Vig*Operator · Sweden*[Jonas Vig on LinkedIn](https://www.linkedin.com/in/jonasvig/) Lars Fløe Nielsen*Founder · Denmark*[Lars Fløe Nielsen on LinkedIn](https://dk.linkedin.com/in/larsfloenielsen) Lasse Surland*Founder · United Kingdom*[Lasse Surland on LinkedIn](https://www.linkedin.com/in/lasse-surland-20655439/) Mac Reddin*Founder · USA*[Mac Reddin on LinkedIn](https://www.linkedin.com/in/mac-reddin/) Mads Fosselius*Founder · Denmark*[Mads Fosselius on LinkedIn](https://www.linkedin.com/in/madsfosselius/) Mads Johnsen*Operator · USA*[Mads Johnsen on LinkedIn](https://www.linkedin.com/in/madsjohnsen/) Mikkel Hippe*Founder · Denmark*[Mikkel Hippe on LinkedIn](https://dk.linkedin.com/in/hippe) Morten E. Wulff*Founder · Denmark*[Morten E. Wulff on LinkedIn](https://www.linkedin.com/in/wulff/) Morten Primdahl*Founder · Denmark*[Morten Primdahl on LinkedIn](https://www.linkedin.com/in/mortenprimdahl/) Nicolaj Reffstrup*Founder · Denmark*[Nicolaj Reffstrup on LinkedIn](https://www.linkedin.com/in/nicolajreffstrup/) Niklas Zennström*Founder · United Kingdom*[Niklas Zennström on LinkedIn](https://www.linkedin.com/in/niklaszennstrom/) Palle Broe*Operator · Denmark*[Palle Broe on LinkedIn](https://www.linkedin.com/in/pallebroe/) Pernille Brun*Founder · Denmark*[Pernille Brun on LinkedIn](https://www.linkedin.com/in/pernillehippebrun/) Peter Andersen*Founder · USA*[Peter Andersen on LinkedIn](https://www.linkedin.com/in/pandersen1/) Peter Jensen*Operator · Denmark*[Peter Jensen on LinkedIn](https://www.linkedin.com/in/pjensen4/) Robin Daniels*Operator · Denmark*[Robin Daniels on LinkedIn](https://www.linkedin.com/in/robingdaniels/) Siddharth Khullar*Operator · Sweden*[Siddharth Khullar on LinkedIn](https://www.linkedin.com/in/siddharthkhullar/) Sune Alstrup*Angel Investor · Denmark*[Sune Alstrup on LinkedIn](https://www.linkedin.com/in/sunealstrup/) Torsten Kolind*Founder · Denmark*[Torsten Kolind on LinkedIn](https://www.linkedin.com/in/tkolind/) Troels Schönfeldt*Founder · Denmark*[Troels Schönfeldt on LinkedIn](https://www.linkedin.com/in/troels-schönfeldt-5735b248/) Tuomo Riekki*Founder · Finland*[Tuomo Riekki on LinkedIn](https://www.linkedin.com/in/triekki/) AllInside byFoundersPortfolioLearningsThesesReportsCollectiveImpact Featured Portfolio · September 2026 · 5 minCrunching Data at Verda: celebrating an incredible founder journeyVerda announces a $189M Series B led by Emergence. We are tripling down, remaining one of the company's largest shareholders — and reflecting on 30 months with Ruben and his team.![](https://byfounders.vc/api/public/file/media/covers-opt/verda-series-b.webp)→Learnings · January 2021 · 10 minbyFounders' Guide to the Term SheetWhat do you need to know at seed stage? In the spirit of transparency, we wanted to share our Term Sheet and our thoughts behind some of the clauses we deem most important.![](https://byfounders.vc/api/public/file/media/covers-opt/f6da5294-f8db-42a2-8a49-dfab5649e43e.webp)→Learnings · March 2021 · 9 minHow We Evaluate Companies: Our 8 T FrameworkSimilarly to how you need to consider who you want to join you on your journey, we as investors need to consider what rocket ships we should opt for a seat on. In this post, we are outlining how we structure our thinking when evaluating companies.![](https://byfounders.vc/api/public/file/media/covers-opt/d3f3db24-d272-4b60-9665-24e14c38c36d.webp)→Learnings · June 2023 · 9 minWhat is the Existential Risk of AI?Bridging the Intelligence Gap: The Uncharted Terrain of Superintelligence![](https://byfounders.vc/api/public/file/media/covers-opt/1378b865-576c-4766-b9bb-5a260519949b.webp)→Reports · February 2026 · 1 minShape of the New Nordics 2025Early-stage funding trends, key shifts, and standout startups across the New Nordics in 2025.![](https://byfounders.vc/api/public/file/media/covers-opt/087117a7-f44f-4757-b82b-c94cab6a5169.webp)→ Latest168 piece s Inside byFounders · October 2026 · 3 minFrom ski racing to strategy: welcoming Brontë to byFoundersWe're very excited to welcome Brontë to the investment team at byFounders.![](https://byfounders.vc/api/public/file/media/covers-opt/welcoming-bronte-to-byfounders.webp)→Portfolio · September 2026 · 6 minWhy we invested: FluencifyDistribution is the new bottleneck. Fluencify is building the system that makes creator marketing something a brand can simply switch on.![](https://byfounders.vc/api/public/file/media/covers-opt/why-we-invested-in-fluencify.webp?v=2)→Portfolio · September 2026 · 4 minWhy we invested in Cota RoboticsThe real bottleneck in physical AI is operating robots reliably, at economics that work. Cota Robotics is building that layer, starting with overnight retail.![](https://byfounders.vc/api/public/file/media/covers-opt/why-we-invested-in-cota-robotics.webp?v=2)→Portfolio · May 2026 · 3 minWhy we invested in FloadThe agentic OS for mobile apps.![](https://byfounders.vc/api/public/file/media/covers-opt/322c8939-892a-4704-bed5-dad2e86c306d.webp)→Portfolio · March 2026 · 3 minWhy We Invested in ApylonA machine learning challenge disguised as a financial workflow![](https://byfounders.vc/api/public/file/media/covers-opt/9e48685e-1915-4ded-8a0e-e0ffcdfc644f.webp)→Portfolio · March 2026 · 3 minWhy We Invested in TangledAI is transforming how software gets built. But we believe the most profound shift won't come from AI writing code, it will come from rethinking how developers and AI agents collaborate on code together.The platforms we rely on today were designed for a world where humans wrote code, opened pull requests, and reviewed each other's work. That world is changing fast. AI-assisted coding has led to nearly a 50% increase in professional developers over the last three years, and autonomous agents are beginning to generate, review, and test code at a scale today's platforms were not built to handle.![](https://byfounders.vc/api/public/file/media/covers-opt/0a7926f3-89dd-4d0a-bc2e-fe4354eb8572.webp)→Inside byFounders · February 2026 · 2 minbyFounders Welcomes Peik to Stockholm!We’re thrilled to have Peik join the Stockholm office as the newest addition to our investment team.![](https://byfounders.vc/api/public/file/media/covers-opt/30c71313-81ca-450d-8e17-9da2e0168b4a.webp)→Portfolio · February 2026 · 3 minWhy we invested in IntricAI is rapidly becoming one of the most important technological shifts of our time. And while it’s disrupting everything from consumer apps to productivity tools, we believe the most meaningful impact will come from empowering the institutions that hold society together - governments, municipalities, and public agencies - to deliver better services, improve decision-making, and support citizens more effectively.![](https://byfounders.vc/api/public/file/media/covers-opt/df54bb2e-c67d-48cb-8636-4b2f9a524b28.webp)→Inside byFounders · February 2026 · 2 minMaking sci-fi real - Johan Jessen joins byFounders.We’re excited to welcome Johan as a new investor at byFounders.![](https://byfounders.vc/api/public/file/media/covers-opt/0cd0ed51-cc77-4c03-a8fe-bbc4a225d245.webp)→Portfolio · February 2026 · 4 minWhy we invested in WilloThe history of electronics is a story of cutting cords. We've liberated data from wires with Wi-Fi. We've untethered communications with cellular networks. But power, the most fundamental requirement for any device, has remained physical. Chargers, cables, docking stations, and alignment pads. Every robot, every warehouse drone, every piece of industrial equipment is ultimately leashed to an outlet or limited by battery life.![](https://byfounders.vc/api/public/file/media/covers-opt/15058abf-8206-4602-ae97-455789913087.webp)→Theses · January 2026 · 8 minThe tide is going out in AIAs intelligence becomes cheap and capital becomes scarce, only companies with real structural moats will survive the coming AI reckoning.![](https://byfounders.vc/api/public/file/media/covers-opt/a947c094-379f-4ed0-ad7e-87d97ecf3813.webp)→Portfolio · December 2025 · 4 minWhy We Invested in SumaryTwo forces are reshaping the landscape: AI and regulation. The EU’s VAT in the Digital Age (ViDA) will make digital invoicing and reporting mandatory by 2030, forcing millions of companies to modernize. At the same time, AI can now automate most bookkeeping and reconciliation tasks, and adapt to local accounting and taxation rules and logic. Together, they’ve opened a rare window for new entrants.![](https://byfounders.vc/api/public/file/media/covers-opt/1d21d49b-8a1d-43d2-98d8-d30120d59a50.webp)→ Show more ↓ Sustainability-related disclosuresWhat each fund discloses under SFDR, and where it does not consider adverse impacts.8 documents→Key Information DocumentsThe PRIIP KID for each fund, in English and Danish.12 documents→PrivacyHow we handle personal data, and the cookies this site sets.2 policies→WhistleblowerWhat can be reported, how to report, and the guides to the system.Policy · 1 PDF→ byFounders VC Management II ApS, Kanonbådsvej 2, DK-1437 Copenhagen K. Registered as an alternative investment fund manager with the Danish Financial Supervisory Authority. Nothing on this site is an offer to sell or a solicitation to buy an interest in any fund.