Seed Capital announced Seed Capital III Growth K/S, closed at DKK 465 million.

Seed Capital, a Copenhagen, Denmark-based seed stage venture capital, announced the closing of a new investment fund, Seed Capital III Growth K/S, at DKK DKK 465 million ($74M).

The fund aims to back promising Danish tech companies at the seed stage and keep investing in the best of them all the way to exit. They target companies with a very large addressable market, a strong team and a winning solution.

Typically, the first investment is at the seed stage, at which point Seed Capital assists the company in building a scalable business including securing strong unit economics and new funding rounds with international investors.

The company says that 65% of Seed’s initial investments receive a Series A funding, beating the European market benchmark of 19%.

Recent investment rounds with international co-investors include: Balderton investing in Forecast, Kinnevik investing in Superb, and InSight Partners and Blue Cloud in Templafy.

LPs in the Seed Capital III Growth K/S include PFA and Dansk Vækstkapital.

Seed Capital, led by managing partner Ulla Brockenhuus-Schack, claims to be Denmark’s largest early stage venture capital fund within the seed segment. It established its first fund in 2004, and since then it invested in Vivino, Trustpilot and Endomondo, among others.