Investor Shelf

Danish Venture Capital: Market Analysis Q1 2026 (EIFO - Export and Investment Fund of Denmark)

Key number
€182 million
Total Danish VC Investments Q1 2026 p.2
Largest segment
€Software 83 million
Largest Danish VC Industry Sector Q1 2026 p.5
What changed
-71%
Danish Invested Capital QoQ Change p.3

Summary

  • Total Danish VC investments reached EUR 182 million in Q1 2026, representing a 71% decline compared to EUR 620 million in Q4 2025.p.2
  • Danish VC deal count increased from 32 deals in Q4 2025 to 40 deals in Q1 2026.p.2
  • Average ticket sizes returned from last quarter's peak of approx. EUR 19 million to EUR 4.5 million in Q1 2026.p.2
  • US VC invested capital grew by 268% QoQ in Q1 2026, while European VC invested capital increased by 10%.p.3
  • US mega rounds set an all-time record with $267 billion invested in Q1 2026, heavily driven by AI companies.p.6

Key insights

  1. Danish VC invested capital declined by 71% QoQ to EUR 182 million in Q1 2026.p.2
  2. Average Danish VC ticket size dropped to EUR 4.5 million in Q1 2026 from approx. EUR 19 million in Q4 2025.p.2
  3. US venture capital invested capital grew 268% QoQ in Q1 2026 while deal count fell 15%.p.3
  4. OpenAI closed a USD 122 billion VC round in Q1 2026, giving the company a USD 852 billion post-money valuation.p.3
  5. The Q1 2026 capital drop in Denmark was primarily driven by a fall in late-stage and growth capital rather than early stages.p.4
  6. US venture capital mega rounds larger than $250 million accounted for over 90% of total US VC investment in Q1 2026.p.6

Topics and entities

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