Investors / Denmark / Ugly Duckling Ventures
Ugly Duckling Ventures
Venture capital · Copenhagen, Denmark · Europe
Ugly Duckling Ventures is a Nordic early-stage venture capital firm that invests in B2B software and technology companies. The team is made up of former founders and operators who work closely with the companies they back.
Invests inAI & Machine LearningEducation
In its own wordsb2b softwaremedtechcybersecurityresilienceenterprise softwarenordics
Your fit with Ugly Duckling Ventures
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsUgly Duckling Ventures lists 18 checked portfolio companies on its own site and is named in 10 funding rounds, 8 of them as lead. Its most frequent entry is Seed, 86% of the companies with a known first round. Its largest themes are AI & Machine Learning (23%), Education (19%) and Healthcare & Biotech (13%). 57% of its companies are based in Denmark. It invests most often alongside Acadian Ventures, Adara Ventures and Alliance VC.
Counts come from funding rounds that name Ugly Duckling Ventures, 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 Ugly Duckling Ventures' whole history. Rounds on record name 8 companies; its own site lists 18. 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 roundShow as a table
| Value | |
|---|---|
| Pre-seed | 14% |
| Seed | 86% |
| Series A | 0% |
| Series B | 0% |
| Growth | 0% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 3 | 2 |
| '26 | 7 | 6 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 46th | 18 companies |
| Recent activity | 91th | 7 rounds in 12 months |
| Early stage | 100th | 100% of entries at pre-seed or seed |
| Evidence | 99th | 44% of companies confirmed by a round |
| Sector focus | 26th | 23% in its largest sector |
| Reach | 78th | 5 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 23% | 18% |
| Education | 19% | 7% |
| Healthcare & Biotech | 13% | 15% |
| Cybersecurity | 10% | 4% |
| Enterprise Software | 10% | 8% |
| Fintech | 7% | 12% |
| Space & Defense | 7% | 3% |
| Legal & Compliance | 7% | 2% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Acadian Ventures | 1 |
| Adara Ventures | 1 |
| Alliance VC | 1 |
| Ampli Ventures | 1 |
| Begin Capital | 1 |
| BlackCrow Capital | 1 |
| Cherry Ventures | 1 |
| D2 Fund | 1 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers18100%
- No longer answers00%
- Points to another company00%
- 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 togetherAll co-investors or Compare portfolios with Acadian Ventures
Compare Ugly Duckling Ventures head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with Ugly Duckling Ventures| Date | Company | Stage |
|---|---|---|
| 23 Sept 2026 | Seed Led | |
| 20 Aug 2026 | Seed Led | |
| 11 Aug 2026 | Pre-Seed Led | |
| 9 Jun 2026 | Seed Led | |
| 25 May 2026 | Seed | |
| 30 Mar 2026 | Seed Led | |
| 1 Jan 2026 | Seed Led | |
| 22 Oct 2025 | Round Led |
Round details for Ugly Duckling Ventures
Amounts, full round histories and every co-investor in Ugly Duckling Ventures' rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
18 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| BeCause provides software for travel and hospitality companies to manage sustainability data and certifications | Space & DefenseLegal & Compliance | Portfolio page | ||
| The company provides a platform that integrates geopolitical intelligence into business decisions for companies with global operations. | AI & Machine LearningCybersecurity | Portfolio page | ||
| Cytely offers automated image analysis for biological measurement standardization | Healthcare & Biotech | Oct 2025Round | Page + round | |
| Diplomasafe issues digital diplomas, badges, and certificates | EducationEducation | Portfolio page | ||
| Eupry provides a solution for GxP compliance, including mapping, monitoring, and calibration | Healthcare & Biotech | Portfolio page | ||
| Financial News Systems delivers market-moving news in milliseconds so you can seize opportunities before the masses. | FintechMedia & Entertainment | Mar 2026Seed | Page + round | |
| Juristic gives lawyers a visual workspace where structure, timelines, workflows, and AI come together to understand and execute legal work. | Legal & ComplianceAI & Machine Learning | Portfolio page | ||
| Kanda creates digital simulators and standard courses in VR for complex industries in the renewable sector, education and defence | EducationEducation | Portfolio page | ||
| Moxso provides a platform to reduce human risk in organizations by tracking behavior changes and building security competences | Cybersecurity | Aug 2025Seed | Page + round | |
| P-Secure automates the majority of the background screening process, allowing users to complete most of the work themselves without external consultants. | Healthcare & BiotechCybersecurity | May 2026Seed | Page + round | |
| Palette makes it easy for teams to work with AI agents on shared files and context. | AI & Machine LearningEnterprise Software | Aug 2026Pre-Seed | Page + round | |
| Pentimenti provides an Agentic AI platform for bid and proposal management | AI & Machine LearningEnterprise Software | Portfolio page | ||
| Skyfora turns existing infrastructure into a real-time weather-sensing network to provide hyper-local weather intelligence | EducationAI & Machine Learning | Mar 2025Seed · 2 rounds | Page + round | |
| Spiich provides AI tools for revenue teams to manage sales and customer relationships | AI & Machine LearningEnterprise Software | Sept 2026Seed | Page + round | |
| Unioo provides automated membership and association management services | FintechSpace & Defense | Portfolio page | ||
| Jan 2026Seed · 2 rounds | Page + round | |||
| Wilmo provides an AI customer support platform for ecommerce | AI & Machine LearningE-commerce & Marketplaces | Portfolio page | ||
| The company provides a booking and membership system for studios, including features such as automatic billing and customer retention. | EducationHealthcare & Biotech | Portfolio page |
About this data
site last read 12 Nov 2026- Site
- uglyduckling.ventures
- Last read
- 12 Nov 2026
- Watching since
- 6 Nov 2026
- Rounds since
- 3 Mar 2025
- Companies checked
- 18
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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