Danish PSV Hafnium, a dedicated deep-tech early-stage venture fund, has announced its launch and secured €51.6 million (DKK 385 million), aiming to reach a total of €80.4 million (DKK 600 million) to support early-stage, science-based tech startups across the Nordics.
- Launched in 2024 by Marianne Hyltoft, Anders Kjær, and Jakob Rybak-Andersen, PSV Hafnium is Denmark's first dedicated deep-tech early-stage venture fund, aiming to become the leading investor in Nordic early-stage science-based technology startups.
"Today marks the launch of our name #PSVHafnium. Just like Hafnium’s discovery in 1922 sparked breakthroughs in aerospace and electronics, PSV Hafnium aims to fuel the next wave of technological advancements," Founder & Managing Partner at PSV Hafnium, Jakob Rybak-Andersen, commented.
- The fund is dedicated to supporting 30 pre-seed and seed-stage startups across diverse sectors, including new energy, bio solutions, food and ag-tech, health tech, and space tech.
- PSV Hafnium plans to invest at least 65% in ‘Climate Action and Environmental Sustainability,’ leveraging its strong ties to DTU, which has been ranked as Europe’s top institution for engineering and technology in recent years.
- PSV Hafnium received €24.8 million from the Luxembourg-based European Investment Fund (EIF), which improves access to finance for SMEs in Europe by supporting fund managers and developing risk-sharing debt instruments.
- The new fund also saw participation from the Export and Investment Fund of Denmark, PSV Venture House (a subsidiary of Technical University of Denmark), and a collective of over 45 deep tech investors.
- The fund aims to raise €80.4 million (DKK 600 million) within the next 10 months to support Nordic founders in bringing their technologies from the lab to market.
