byFounders

byFounders is a community-powered, early-stage venture capital firm headquartered in Copenhagen, Denmark, with an additional office in Stockholm, Sweden. Founded in 2017, the firm invests at the pre-seed and seed stages in technology startups with a connection to the Nordic and Baltic countries — a region it brands "the New Nordics." Initial check sizes range from €500K to €4M, with the capacity to follow on in later rounds, and the firm targets 10–20% ownership at exit across approximately 35 companies per fund. byFounders is currently deploying its third fund, though total fund sizes are not publicly disclosed. The firm's portfolio spans enterprise software, SaaS, climate and energy, health tech, AI infrastructure, and developer tools, with notable investments including Lovable (its first unicorn, valued at $6.6B), Monta, Corti, and DataCrunch. A distinguishing feature is the byFounders Collective — a group of 40+ accomplished Nordic and Baltic founders and operators who provide hands-on support to portfolio companies. The firm evaluates startups using its proprietary "8T Framework" and is known for publishing its standard term sheet publicly as part of its founder-friendly ethos.