INVESTOR / DATA TO 30 SEPTEMBER 2026
Ugly Duckling Ventures
6 venture rounds in the first 9 months of 2026, at 5 companies in 2 countries.
Ugly Duckling Ventures is an investor headquartered in Denmark.
Every venture round since January 2024 in which public sources name Ugly Duckling Ventures as an investor, in every country our funding reports cover, and the rounds we have seen elsewhere. It is built from the same record as our quarterly funding reports, and updated with them.
At a glance
SHOW DATA
| Row | Pre-seed | Seed | Series A | Growth | Total |
|---|---|---|---|---|---|
| 2024 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 0 | 0 |
| 9M 2026 | 2 | 3 | 1 | 0 | 6 |
9M 2026 runs to 30 September 2026.
| Investor | Rounds together |
|---|
Investors in two or more of the same rounds.
Countries and sectors
A company counts where it is headquartered, or where it started if it later moved abroad.
SHOW DATA
| Row | 2024 | 2025 | 9M 2026 |
|---|---|---|---|
| AI | 0 | 0 | 4 |
| Enterprise software | 0 | 0 | 4 |
| Defence and security | 0 | 0 | 3 |
| Fintech | 0 | 0 | 1 |
| Marketing and media | 0 | 0 | 1 |
| Other | 0 | 0 | 1 |
A company can sit in several sectors, so sector counts overlap. Other: no sector on record.
Every round on record
Newest first. Ugly Duckling Ventures led 4 of them. Each company links to the announcement of the round.
| Company | Country | Month | Stage | Round size | Led | Co-investors |
|---|---|---|---|---|---|---|
| Palette | Denmark | Aug 2026 | Seed | €3.0m | Yes | Emblem, Acadian Ventures, Jesper Brøndum, Jonas Gyalokay, Niklas Stephenson, Dennis Kayser, Peter Holm, Rasmus Schmiegelow, Jonas Gundersen |
| Velatir | Denmark | Aug 2026 | Seed | €5.0m | Yes | Spintop Ventures, Norrsken Evolve, Jan Oberhauser, Thomas Visti |
| Skyfora | Finland | Jun 2026 | Series A | €6.5m | Eviny Ventures, LUMO Labs, EIC Fund | |
| P-Secure | Denmark | May 2026 | Seed | €1.8m | Systematic Holding, EIFO, Final Frontier | |
| Financial News Systems | Denmark | Mar 2026 | Pre-seed | €1.5m | Yes | - |
| Velatir | Denmark | Feb 2026 | Pre-seed | €1.3m | Yes | - |
Exits
Companies Ugly Duckling Ventures backed that were sold or listed, or where a new investor bought out the earlier ones. Each links to its announcement.
No exits on record.
How this list is made
- A round is listed when a company, investor or press announcement, or a startup database, names Ugly Duckling Ventures among its investors. Each listed round links to its announcement where one is on record.
- Amounts are the size of the whole round, not the part Ugly Duckling Ventures invested. Amounts are in euros, converted at about 1.10 US dollars to the euro.
- Stages follow the funding reports: the label the company announced, placed by size where the label clearly does not fit.
- Rounds that were never announced, or that do not name their investors, are not here, so the list is a floor.
Countries our record covers: Poland, Estonia, Lithuania, Latvia, Czechia, Slovakia, Romania, Ukraine, Hungary, Bulgaria, Croatia, Slovenia, Serbia, Bosnia and Herzegovina, North Macedonia, Albania, Montenegro, Kosovo, Moldova, Finland (from 2026), Sweden (from 2026), Norway (from 2026), Denmark (from 2026), Iceland (from 2026). Rounds elsewhere are listed when public sources name Ugly Duckling Ventures.
The whole market, country by country: startup funding reports. Next update: January 2027.
Raising pre-seed or seed
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