PSV Tech closes €56M Fund II to back Nordic startups before product-market fit

What happened

Today, PSV Tech announced the final close of Fund II at €56 million. PSV Tech was launched in 2020 as part of PSV Venture House, with a mission to back Nordic founders before product-market fit.

Twenty-five years ago, an investment organisation took shape in the halls of the Technical University of Denmark (DTU) with a simple idea: more of the technology and talent coming out of Denmark needed someone willing to back it early. Close to 500 early-stage investments later, that idea remains at the heart of what is today venture house PSV.

The fund is led by General Partners Helle Uth, Richard Breiter, Alexander Viterbo-Horten, and Christel Piron. Investing before product-market fit Fund II builds on PSV Tech ’s experience backing startups before product-market fit, while expanding its focus across the Nordics in AI, software, and digital infrastructure.

Key facts

• Today, PSV Tech — announced: the final close of Fund II at €56 million