Aarhus-based Delphinus Venture Capital has launched a new venture fund, raising €80 million to invest in research-focused startups from pre-Seed to scale-up stages. The fund is structured as an evergreen, allowing for long-term commitment and flexibility. This initiative results from a partnership between The Aarhus University Research Foundation, HEARTLAND, Norlys, and Salling Group, with Mathias Brink Lorenz appointed as director.
“Delphinus is set up for long-term commitment and flexibility in investments, engaging with companies from early to late growth stages to make a real difference,” said Mathias Brink Lorenz, the CEO. Based in Aarhus, the fund will be close to innovation hubs at Aarhus University and is set to launch on September 17.
Lorenz notes significant evolution in the Danish VC scene, attracting international interest, particularly in knowledge-based companies. He expressed excitement about supporting startups through their journey. Lorenz has prior experience as an Investment Director in Germany, focusing on research-intensive startups in Europe.
Brian Bech Nielsen, chair of the Aarhus University Research Foundation board, views the fund as a progression in supporting research-intensive companies, transforming ideas into viable businesses. Nielsen is eager for more researchers to access financing, from early ideas undergoing testing to market-ready solutions, enhancing societal development.
The fund’s partners, including three major regional companies, will provide broader business insights into innovation. They see Delphinus as a catalyst for nurturing entrepreneurial talent. Lise Kaae, CEO of HEARTLAND, supports improving access to financing for high-growth companies. Anne Mette Aaby Aes, CFO of Norlys, highlights the cooperative ownership model allowing patient investment and job creation in East Jutland. Andreas Møballe from Salling Group emphasizes their commitment to supporting innovation, benefiting from insights across various sectors and actively supporting regional entrepreneurs.