The Footprint Firm closes €76m fund with backing from wealthy Danish families

Copenhagen-based The Footprint Firm has closed its first fund at €76m.

Backing comes from Danish institutions such as EIFO, Novo Holdings, Realdania, and Velliv Foreningen and family offices including North-East Family Office, Lauritzen Fonden and Chr. Augustinus Fabrikker.

"Family offices are very patient," chief investment officer Sofie Käll tells Impact Loop. "They have a long term view in the market and that can be a real benefit for a venture fund, especially when investing in deep tech and climate tech."

The Footprint Firm, founded in 2019 as a sustainability advisory business, has slowly morphed into a hybrid consulting and venture firm.

"We started making smaller investments from our advisory business quite early on, and then decided to start a venture arm," says Sofie Käll.

The Footprint Firm started raising capital for its first fund – an Article 9 vehicle – in 2024 and has already invested in 20 startups, including Reel Energy, Kvasir Technologies, Nordic Salt Cycle, FoodOp and Rock Flour Company – one of the only climate tech companies operating in Greenland.

Going into 2026, Käll says the firm would double down on investments across the impact spectrum, mainly in Northern Europe.

“We are in deep discussions with several different companies right now,” she says, adding that one is in biotechnology, an area of strength in Denmark, and the other in greener battery components.

While Käll admitted that the current geopolitical tensions have put European sovereignty top of mind, she says that sovereignty alone was not enough of a reason to invest. “It must be greener too, and competitive,” she says.

The fund will be supported by The Footprint Firm’s team of 45 specialists, who work actively with the portfolio companies. “It’s a real added benefit for the companies we invest in,” says Käll.

Sophia Heyde, vice president of Planetary Health Investments at Novo Holdings, the investment arm of Novo Nordisk, phrased this hybrid approach for combining “ early-stage capital with sustainability and commercial expertise.”

The Footprint Firm aims to deploy about 10 new investments from its first fund, in addition to those it has already made. It’s targeting the pre-seed and seed stage, with ticket sizes of €0.5-2m.