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Investors / Denmark / Heartcore

Heartcore

Venture capital · Copenhagen, Denmark · Europe

heartcore.comTakes pitches from founders

Heartcore is a European early-stage venture capital firm founded in 2007 that invests in technology companies from inception to Series A, and also invests in Web3 protocols from idea to liquid tokens. It manages over €700M in assets and has backed more than 100 companies.

Invests inAI & Machine Learning

In its own wordsearly-stagetechnologyweb3protocolseurope

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78portfolio companies
12funding rounds on record6 led
7rounds, last 12 months
$5M to $20Mtypical round it comes in at
Series Amost frequent entry
EuVECA fund registered with Finanstilsynet, no longer activelatest fund

Heartcore lists 78 checked portfolio companies on its own site and is named in 12 funding rounds, 6 of them as lead. Its most frequent entry is Series A, 55% of the companies with a known first round. Its largest themes are AI & Machine Learning (20%), Fintech (12%) and Enterprise Software (10%). It invests most often alongside Agoranov, Partech and Cherry Ventures.

Counts come from funding rounds that name Heartcore, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.

Round figures show recent activity, not Heartcore's whole history. Rounds on record name 12 companies; its own site lists 78. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.

Entry stage

share of companies by the stage of its first round
Show as a table
Share of companies by the stage of the firm's first round
Value
Pre-seed9%
Seed18%
Series A55%
Series B9%
Growth9%

Activity by year

rounds it joined, last 10 years
Show as a table
Funding rounds per year
TotalRounds it led
'1700
'1800
'1900
'2010
'2100
'2200
'2300
'2400
'2540
'2676

Investor profile

percentile among all firms
Portfolio size: 78 companiesRecent activity: 7 rounds in 12 monthsEarly stage: 27% of entries at pre-seed or seedEvidence: 12% of companies confirmed by a roundSector focus: 20% in its largest sectorReach: 12 countriesPortfolio size93th pctRecent activity91th pctEarly stage60th pctEvidence80th pctSector focus14th pctReach97th pct
This firmMedian of all firms
Show as a table
Heartcore compared with all firms
MeasurePercentile of all firmsValue
Portfolio size93th78 companies
Recent activity91th7 rounds in 12 months
Early stage60th27% of entries at pre-seed or seed
Evidence80th12% of companies confirmed by a round
Sector focus14th20% in its largest sector
Reach97th12 countries

Investment themes

share of its checked companies

This firmAll checked companies

Show as a table
Investment themes
This firmAll checked companies
AI & Machine Learning20%18%
Fintech12%12%
Enterprise Software10%8%
Healthcare & Biotech8%15%
Education7%7%
Consumer7%3%
Food & Agriculture5%3%
E-commerce & Marketplaces5%6%

Invests most often with

firms sharing its portfolio companies
Show as a table
Co-investors
Share
Agoranov4
Partech4
Cherry Ventures3
Dawn Capital3
Insight Partners3
Octopus Ventures3
Vorwerk Ventures3
1745 Ventures2

All co-investors

Its portfolio companies

where they are based, and what their own sites show

Headquarters

Site status

  • Site answers7596%
  • No longer answers00%
  • Points to another company34%
  • Parked or sold domain00%

A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.

Co-investor network

who it backs companies with, and who they back together
34 shared companies17 shared companies11 shared companies10 shared companies9 shared companies5 shared companies4 shared companies3 shared companies3 shared companies3 shared companies3 shared companies3 shared companies3 shared companies3 shared companies3 shared companies2 shared companies2 shared companies2 shared companies2 shared companies2 shared companies2 shared companies2 shared companies2 shared companies2 shared companiesAgoranov: 4 shared companiesAgoranov4Partech: 4 shared companiesPartech4Cherry Ventures: 3 shared companiesCherry Ventures3Dawn Capital: 3 shared companiesDawn Capital3Insight Partners: 3 shared companiesInsight Partners3Octopus Ventures: 3 shared companiesOctopus Ventures3Vorwerk Ventures: 3 shared companiesVorwerk Ventures31745 Ventures: 2 shared companies1745 Ventures2Accel: 2 shared companiesAccel2Collaborative Fund: 2 shared companiesCollaborative Fund2Correlation Ventures: 2 shared companiesCorrelation Ventures2Creative Destruction Lab: 2 shared companiesCreative Destruction …2
Shared portfolio companies with HeartcoreFirms that also back companies together

All co-investors or Compare portfolios with Agoranov

Compare Heartcore head to head

portfolio size, rounds, entry stages, themes and the companies both back

Three or more firms at once: portfolio overlap.

Funds

from public registers and its site
Heartcore Capital Fund III K/SEuVECA fund registered with Finanstilsynet, no longer active, ESMA register

Recent portfolio activity

when companies last raised with Heartcore
DateCompanyStage
2 Nov 2026marblecognition.commarblecognition.comPre-Seed Led
26 Oct 2026Nousnous.coSeries A Led
16 Jul 2026foratravel.comforatravel.comSeries C+
6 May 2026Davismeetdavis.comSeed Led
23 Mar 2026EGIDEegide-tech.comSeed Led
6 Feb 2026capaloai.comcapaloai.comSeries A Led
4 Dec 2025lucaedu.comlucaedu.comSeries A
4 Sept 2025Zefirzefir.frSeries B

Round details for Heartcore

Amounts, full round histories and every co-investor in Heartcore's rounds are on Fundup AI. VCinfo covers investors and their portfolios.

See rounds on Fundup AI →

Portfolio

78 companies checked against their own sites
CompanyWhat it doesThemesFirst round with itEvidence
Aireaire.io
Consumer
Portfolio page
ALVAalvaauto.com · IndonesiaThe company produces a high performance, fully connected, zero emissions urban motorcycle.
Mobility & Logistics
Portfolio page
Ana Luisaanaluisa.comAna Luisa sells jewelry
Consumer
Portfolio page
audibeneaudibene.de · GermanyThe company sells hearing aids and provides related services.
Healthcare & Biotech
Portfolio page
Aulaaula.educationAula is the digital learning platform that delivers engaging experiences for educators and learners.
Education
Portfolio page
Axanaaxana.com · United KingdomAxana provides an AI-powered cancer care platform to support daily cancer care and streamline workflows
Healthcare & Biotech
Portfolio page
BLASTblast.tv · DenmarkThe company provides a hub for competitive esports with tournament schedules, live scores, stats, and news
Enterprise SoftwareMedia & Entertainment
Portfolio page
Booztboozt.comBoozt operates an online store.
E-commerce & Marketplaces
Portfolio page
Bywaybyway.travel · United KingdomByway creates custom trips for slow travel by land and sea
Legal & ComplianceConsumer
Portfolio page
capaloai.comcapaloai.com · FinlandThe company maximizes the value of energy storage systems for its clients.
EducationAI & Machine Learning
Feb 2026Series APage + round
CarbonPoolcarbonpool.earth · SwitzerlandCarbonPool provides insurance for carbon credits to mitigate risks for projects in the carbon market
FintechClimate & Energy
Portfolio page
Cula Technologiescula.techCula Technologies tracks and manages carbon removal units and material flows
Climate & Energy
Portfolio page
Donutdonut.comDonut designs, automates, and scales employee experience with AI-powered tools for onboarding, mentorship, training, recognition, and collaboration
Human ResourcesAI & Machine Learning
Portfolio page
EGIDEegide-tech.com · FranceEGIDE is pioneering a shift from scarce, high-cost munitions to intelligent, networked effectors designed for scale, modularity, and operational resilience.
AI & Machine LearningAI & Machine Learning
Mar 2026SeedPage + round
Exporoexporo.de · GermanyExporo offers digital investments in real estate and renewable energy
Real Estate & ConstructionFintech
Portfolio page
Fast Travel Gamesfasttravelgames.com · SwedenFast Travel Games is involved in games development.
Enterprise Software
Portfolio page
Finematterfinematter.com · DenmarkFinematter sells designer fine jewelry from independent jewelers
E-commerce & MarketplacesConsumer
Portfolio page
FINNfinn.com · GermanyFINN offers car subscriptions with a monthly fixed price, including insurance, taxes, and maintenance.
Mobility & Logistics
Portfolio page
FlexAIflex.aiFlexAI provides AI infrastructure that adapts as customers grow, allowing them to build, run and scale AI from models to agents
AI & Machine LearningEnterprise Software
Portfolio page
foratravel.comforatravel.com · United States
Jul 2026Series C+Page + round

About this data

site last read 11 Nov 2026
The homepage of Heartcore, as last read
heartcore.com as VCinfo last read it
Site
heartcore.com
Last read
11 Nov 2026
Watching since
5 Nov 2026
Rounds since
9 Jul 2020
Companies checked
78

Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.

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