PSV Hafnium, Denmark’s first early stage venture fund dedicated exclusively to engineering and science driven startups, has completed the final close of its debut fund at €60 million, exceeding its original target and ending oversubscribed.
Based in Copenhagen, the fund is tightly embedded in the Nordic research ecosystem and focuses on transforming early scientific breakthroughs into globally scalable companies.
Built At The Heart Of Nordic Research
PSV Hafnium operates as a spin out fund from DTU, the Technical University of Denmark, and is physically located on the university campus. This proximity shapes the fund’s core mission: supporting founders at the earliest possible stage and closing the gap between academic research and commercial application.
By working closely with universities and research institutions, the fund positions itself early around high potential technologies emerging from laboratories, long before traditional venture capital typically engages.
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Backed By Long Term Institutional And Industry Capital
With the final close completed, PSV Hafnium brings together a group of institutional investors, industry leaders, and specialist advisers from across the Nordics and Europe. All share a strong interest in science based innovation and contribute both capital and deep technical or commercial expertise.
Many of the fund’s backers have long histories of supporting research translation and frontier technology development. Their participation reflects growing confidence in Europe’s deep tech ecosystem and in the Nordic region’s ability to act as a leading innovation hub.
Investing Early In Transformational Science
Over the lifetime of the fund, PSV Hafnium plans to invest in around 25 companies, supporting teams from the earliest stages through initial commercialisation.
The fund has already backed nine Nordic deep tech startups, including Spaceline Labs, Sisusemi, and most recently Enerin. These investments highlight the strength of the fund’s deal flow and its focus on engineering led and research intensive technologies.
The team behind PSV Hafnium combines experience from venture creation, technology transfer, research, and deep tech operations, bringing decades of combined expertise to portfolio companies.
Founder Perspective On The Final Close
The founding partners of PSV Hafnium describe the oversubscribed close as a clear signal of growing belief in deep tech within Denmark and the wider Nordic region.
They emphasise that Nordic research institutions hold significant untapped potential and that the fund is committed to helping scientists and engineers become entrepreneurs, while enabling breakthrough technologies to scale beyond regional borders.
Support From DTU And The Academic Ecosystem
According to Anders Overgaard Bjarklev, President of DTU, the pace of research driven innovation emerging from the university has never been higher. He highlights the importance of early stage capital that is willing to back unproven scientific advances.
DTU views PSV Hafnium as a key partner in translating frontier research into global solutions and notes the importance of such funding vehicles for the success of deep tech startups.
Strengthening The Nordics As A Global Deep Tech Hub
As technological innovation becomes central to global competitiveness, PSV Hafnium’s strategy aligns closely with Europe’s ambition to lead in deep tech commercialisation.
The fund aims to position Denmark and the broader Nordic region as one of the world’s most dynamic environments for engineering and science driven entrepreneurship.
About PSV Hafnium
PSV Hafnium is a Copenhagen based early stage venture fund focused on deep tech investments across Denmark and the Nordics. The fund supports scientists, engineers, and entrepreneurs from the earliest stages, helping them scale complex technological breakthroughs into impactful global companies. PSV Hafnium has currently invested in nine deep tech startups and operates as part of PSV Venture House.
