Nordic Secondary Fund
Overview
Nordic Secondary Fund is the first and only fund in the Nordics to exclusively invest in secondaries. They acquire secondary stakes in companies that have completed a Series-A capital raising from venture capital or corporate venture. The fund targets companies that have shown to have a proven business model: a documented market for the companies' products or services as well as a scalable business model. They invest in companies post Series A, typically having raised more than € 5-10 Mio from VC. Their min ticket is € 2 Mio and sweet spot is € 3-5 Mio, max ticket is € 9 Mio.
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| TransferGo | Feb 2022 | Secondary | Lead |
| Cleveron | Sep 2023 | Secondary | Lead |
| Wingcopter | Jun 2025 | VC Round | Lead |
| GoMore | Oct 2024 | Secondary | Lead |
| CathVision | Aug 2022 | Early Funding | Co-investor |
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Key People
Peter Sandberg
Founding Partner & Managing Director
Frank Lyhne
Founding Partner, Director
Justas Janauskas
Investor
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Nordic Secondary Fund based?
Nordic Secondary Fund is headquartered in Copenhagen, Capital Region of Denmark, Denmark.
When was Nordic Secondary Fund founded?
Nordic Secondary Fund was founded in 2018.
How many portfolio companies does Nordic Secondary Fund have?
Nordic Secondary Fund has 31 portfolio companies in Caplight's dataset.
What are some companies in Nordic Secondary Fund's portfolio?
Portfolio companies visible on Caplight include TransferGo, Cleveron, Wingcopter, GoMore, CathVision.
What was Nordic Secondary Fund's most recent investment shown here?
Nordic Secondary Fund's most recent investment in this portfolio sample was in Wingcopter in 2025.
What sectors does Nordic Secondary Fund focus on?
Nordic Secondary Fund focuses on Healthcare & Life Sciences, Consumer & Commerce, FinTech, FinTech, Frontier & Industrial Tech, Telecommunications & Networking, FinTech, Enterprise Software, FinTech, Consumer & Commerce, Healthcare & Life Sciences, Mobility, Transportation & Logistics, Frontier & Industrial Tech, FinTech, Real Estate & PropTech, Media, Entertainment & Gaming, Enterprise Software, Healthcare & Life Sciences, Frontier & Industrial Tech, Real Estate & PropTech, FinTech, Media, Entertainment & Gaming, AI, Data & Cloud Infrastructure, Enterprise Software, Frontier & Industrial Tech, Cybersecurity, Mobility, Transportation & Logistics, Consumer & Commerce, FinTech, Enterprise Software, Consumer & Commerce, Mobility, Transportation & Logistics, Consumer & Commerce, Consumer & Commerce, Enterprise Software, Frontier & Industrial Tech, Enterprise Software, Enterprise Software, Consumer & Commerce, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, Real Estate & PropTech, Energy & Sustainability, Energy & Sustainability, Enterprise Software, Enterprise Software, Enterprise Software, Consumer & Commerce, AI, Data & Cloud Infrastructure, Consumer & Commerce, Energy & Sustainability, Real Estate & PropTech, Media, Entertainment & Gaming, Frontier & Industrial Tech, Consumer & Commerce.
What company stages does Nordic Secondary Fund focus on?
Nordic Secondary Fund typically invests at the MultiStage stage.
What is Nordic Secondary Fund's AUM?
Nordic Secondary Fund's assets under management are estimated between $100.0M and $250.0M.