CVX Ventures

Kom indenfor til et CVX Partnermøde! Hos CVX Ventures afholder vi hver måned både fysiske og online partnermøder. Møderne danner rammen for networking og fungerer som en slags virkelighedens "Løvens Hule" for alle vores partnere. Hver måned præsenterer vi nye virksomheder, der søger bestyrelsesmedlemmer, advisors eller investeringer. Vil du med til næste møde? Kontakt Joakim Herrestrup her på LinkedIn eller skriv til ham på jh@cvx.vc for at høre om CVX Ventures og mulighederne for at deltage i det næste partnermøde! Tak til CoHo - The Content House og 4V Films for godt samarbejde og for at fanget essensen af vores partnermøde!

Eilin Schjetne from CVX Ventures portfolio company Aparta is taking part in the NCE Finance Innovation panel at Arendalsuka. Discussions like these are vital to shaping a competitive and innovative financial sector in Norway over the next decade. We’re proud to back Aparta as they lead the way with fresh ideas for homeownership and financial solutions. Make sure to join if you can!

Gavmild raises DKK 20 million to fuel growth and challenge the Danish insurance market Danish insurance challenger Gavmild has secured DKK 20 million in new funding from private investors. These experienced entrepreneurs join founders Morten Eschen, Mads Degn and Amjad Mehdi, all with backgrounds at Tryg, Denmark’s largest insurer. The fresh capital will enable Gavmild to accelerate its aggressive sales growth plans, aiming to double its current sales team from 30 to 60 within the next three months and expand to 100 employees by the end of the year. Gavmild offers insurance products without binding fees, positioning itself as a transparent and customer-focused alternative to traditional players. The company delivers policies through a partnership with easySure and relies on Eir Försäkring as the risk carrier. Gavmild’s founders emphasize the company’s ambition to double its customer base in the near term and gain market share by offering more competitive pricing. This funding round demonstrates strong investor confidence in Gavmild’s disruptive approach and its potential to scale rapidly in the Danish insurtech sector.

Flox raises $1 million to scale AI that speaks to wild animals Swedish wildlife intelligence company Flox has closed an oversubscribed seed round to accelerate the commercialization of its AI-powered platform that communicates with wild animals in real time. The $1 million round was led by Unconventional Ventures with participation from Norrsken Accelerate, Almi Invest, E14 Invest, Argand Partners and a group of bold angel investors. Flox recently launched Edge, a fully autonomous device that uses adaptive bioacoustics to protect both wildlife and critical infrastructure across agriculture, aquaculture, railways and aviation. The system is already in use with partners including WWF, Boliden Minerals, Gerald R. Ford International Airport (GRR), Alstom and the Swedish Transport Administration. The first production run for 2025 is already fully booked. After four years of research and field trials with wildlife biologists and industry partners, Flox will use the funding to expand into the United States, continue R&D and scale deployments. The company is combining venture capital, non-dilutive research grants and growing commercial revenue to build a new global category of wildlife tech.

SNIPR Biome - A CRISPR Company raises €35 million to accelerate CRISPR medicines targeting antimicrobial resistance Danish biotech SNIPR Biome - A CRISPR Company has closed a €35 million (DKK 261 million) Series B round to advance its clinical-stage pipeline of CRISPR-based therapeutics. The round brings in new investors including the Cystic Fibrosis Foundation and Germany’s breakthrough innovation agency SPRIND - Bundesagentur für Sprunginnovationen, alongside continued support from Lundbeckfonden / Lundbeck Foundation BioCapital, North-East Family Office and Wellington Partners. The financing will drive multiple programmes forward. This includes a targeted CRISPR-Cas therapy for airway infections caused by Pseudomonas aeruginosa in people with cystic fibrosis, as well as SNIPR001, currently in Phase 1b trials, aimed at preventing bloodstream infections in cancer patients. The funds will also support a broader microbial intervention designed to eliminate antibiotic resistance genes across bacterial species and environments. Despite taking 2.5 years to raise in what CEO Christian Groendahl calls a difficult and risk-averse market, the team has secured strong backing to continue building what they see as a fundamentally new category of medicine.' SNIPR Biome - A CRISPR Company was the first company to dose humans with an oral CRISPR therapeutic and holds foundational patents in both the US and Europe for microbiome-targeting CRISPR tech. With a team of around 30 and a highly focused approach, the company is pioneering programmable CRISPR-based precision tools to combat infectious disease.

P-Secure secures funding to expand its cybersecurity platform across the Nordics Danish software company P-Secure has raised around 20 million kroner from EIFO, Final Frontier, and Ugly Duckling Ventures to support its expansion into Norway and Sweden. The company provides automated background checks for personnel and suppliers within sectors like aviation, energy and defence. Since onboarding Copenhagen Airports A/S in late 2023, P-Secure has signed major clients such as SAS - Scandinavian Airlines, DSV - Global Transport and Logistics, DHL and PostNord. The company now supports more than 80 organisations across Denmark and Greenland with a solution built to meet rising demands under frameworks like NIS2 and CER. Led by former Politiets Efterretningstjeneste (PET) counterintelligence chief Lars Andreasen, P-Secure has developed a platform that gives clients full ownership of their data, all stored and hosted in Denmark. The solution flags potential risks based on official records and documents provided directly by the individual being screened. With demand growing quickly and a waitlist of customers already in place, the company will use the new funding to hire engineers and security advisors. The team expects to grow significantly in 2025 and sees strong potential to become a key European player in digital trust and compliance. "We believe our timing is right and the opportunity is real. Now we are scaling to meet it," says CEO Lars Andreasen.

Swedish legaltech startup Legora raises more than 500 million DKK to double innovation speed and expand globally Founded just two years ago, Stockholm-based Legora has already become a trusted AI platform for over 300 law firms and legal departments around the world. The company recently raised over 500 million DKK in a Series B round that brings its valuation to 4.3 billion DKK. Legora helps lawyers automate complex workflows, draft documents, and extract legal insights at scale. Its tools are already used by leading firms like Plesner, Gorrissen Federspiel, and Bird & Bird in Denmark, as well as by Goodwin, Addleshaw Goddard, and Mannheimer Swartling abroad. Deloitte Nordic is also implementing the platform. The capital will be used to accelerate product development and global growth. In recent months, Legora has rolled out new features such as Deep Research for complex legal queries, Playbooks for consistent drafting, and Workflows that automate multi-step legal tasks from start to finish. Co-founder and CEO Max Junestrand sees the round as a milestone, not a destination. He says the team is now focused on doubling the pace of innovation and expanding the engineering and legal talent behind the product.

Festina Finance joins the billion valuation club as Netcompany increases its stake Danish fintech Festina Finance has reached a new milestone with a 1 billion DKK valuation following a fresh investment from Netcompany. The IT giant upped its ownership from 20 to 22 percent, valuing the company nearly twice as high as when it first invested in 2023. Festina Finance develops core systems for banks and pension companies and has been gaining ground in the Nordic and Dutch markets. The company’s CEO Mikael Braagaard confirms ongoing conversations with new investors and reiterates the long-term ambition of reaching unicorn status. According to him, momentum is building while investor interest continues to grow. The valuation jump reflects broader trends in fintech infrastructure. Netcompany’s recent acquisition of SDC for 1 billion DKK marked a rare shift in Danish banking, where datacentres have traditionally been owned by banks themselves. That model is changing. With Netcompany Banking Services now in place, Festina Finance sits at the intersection of a consolidating infrastructure play and a growing demand for modern advisory tools. While Festina Finance posted a loss of 22 million DKK last year, revenue grew to 171 million. Like many high-growth companies in the sector, the past years have been defined by investment and expansion rather than profitability. With a stronger institutional shareholder base, rising international presence and a clearly stated unicorn goal, Festina Finance is positioning itself as a next-generation fintech infrastructure provider.

Swedish AI startup Tzafon closes €8.3 million to launch Lightcone and expand compute capabilities Tzafon, a Stockholm-based AI company, has raised €8.3 million in what is reported to be Sweden’s largest pre-seed funding round. The company develops action-oriented AI agents and plans to use the capital to scale its compute infrastructure, accelerate product development, and launch Lightcone, a cross-platform assistant designed to act on users’ behalf across digital environments. Founded in 2024, Tzafon builds autonomous multi-agent systems intended to handle complex digital workflows for both consumers and enterprises. Its first models have already reached top performance in benchmark tests, and the company believes this is just the beginning of a shift from AI that observes and suggests to AI that executes. The round was led by HV Capital and joined by Streamlined VC, Kakao Ventures, Oliver Jung, and angel investors from OpenAI and xAI. CEO Noah L. states that Tzafon’s vision is to bridge the gap between user intention and digital action by creating agents that operate independently and intelligently across platforms. With Lightcone’s upcoming release, the company aims to move one step closer to that goal. Tzafon says the new funding will help meet increasing demand and position the company at the forefront of what it calls the next frontier in AI: action.

Artelize raises 10M DKK to bring AI-driven audience insights to the global live event industry Danish startup Artelize, part of the CVX Ventures portfolio, has secured over 10 million DKK in fresh funding to scale its platform internationally and continue product development. The round includes prominent angel investors, among them Tesla co-founders Martin Eberhard and Marc Tarpenning. Founded by former opera singers, Artelize has built an AI-powered platform designed specifically for the live event industry. It helps organisers increase ticket sales, retain audiences, and gain meaningful insights based on real-time data. The company has already mapped more than two million global events and is positioning itself as a core tool for the entertainment sector. Unlike traditional event platforms that act as passive noticeboards, Artelize equips organisers with the tools and analytics needed to actively understand and grow their audiences. The platform is already being used by institutions like Fort Worth Opera and Bay Philharmonic in the US, where it is driving measurable improvements in both sales and engagement. The funding will support further international expansion and accelerate Artelize’s ambition to reach 20 million DKK in ARR. With a growing customer base across opera houses, concert halls and performance venues, the company is aiming to redefine how cultural experiences connect with audiences around the world.