Nicolaj Højer Nielsen

CEO

La Massana, Andorra25 yrs 1 mo experience
Most Likely To SwitchHighly Stable

Key Highlights

  • Co-founder of Nasdaq-listed Penneo.
  • Investor in multiple successful startups.
  • Part-time entrepreneurship teacher at Copenhagen Business School.
Stackforce AI infers this person is a seasoned investor in SaaS and biotech startups.

Contact

Skills

Other Skills

Due DiligenceMergersFinancial AnalysisCompetitive AnalysisBusiness PlanningStrategic PartnershipsManagement ConsultingMarketing StrategyExecutive ManagementStrategic PlanningValuationAnalysisMergers & AcquisitionsProject ManagementInternational Business

About

----------------- Note: In your invite, please explain why your connection request is relevant ------------------ Attention startups - please read this before contacting me: - I invest in software, hardware and biotech startups, mainly in the first round(s) of funding - My ticket size is usually around 50-150K EUR - I'm based in Andorra and mainly invest in the Nordics and Spain - Outside the Nordics, I only invest in founders I know already or with local solid lead investors (preferably investors I know and trust already) --------------------- Entrepreneur turned investor (and entrepreneurship teacher) Biggest achievements: - Co-founder and investor in Penneo (digital signatures, SaaS): Listed at Nasdaq (2020) - Co-founder and investor in Sepior (MPC, IT security): Sold to BlockDaemon (2022) - First-round investor in Capdesk (SaaS): Sold to Carta (2022) - First-round investor in Recon Instruments (HUD): Sold to Intel (2015) - First-round investor in Pento (Payroll management): Sold secondary shares to Tiger Management (2021) I also teach entrepreneurship part-time at Copenhagen Business School and other universities. Author of the Startup Funding Book.

Experience

Techtapas

Emperor

Feb 2026Present · 2 mos · Madrid, Community of Madrid, Spain · Remote

  • 50 Nordic angels, VCs, investors, ecosystem heroes, and entrepreneurs are joining me on a tour to Madrid.
  • TechTapas '26 will most likely be as epic as TechPaella (Barcelona) was last year. See you in Madrid on June 4th–5th!
  • Can you join? Actually no, the trip is oversubscribed already. But feel free to try to convince me otherwise (bribes accepted).

Ledgerbee technologies a/s

Investor

Jan 2026Present · 3 mos

Perfi technologies

Angel Investor

Jun 2025Present · 10 mos · København og omegn · Remote

  • Angel investor

Final frontier

LP

May 2025Present · 11 mos · Andorra · Remote

  • Limited Partner (investor)

Likeminded

LP

May 2025Present · 11 mos · Andorra, Aragon, Spain · Remote

  • LP (investor) in Likeminded VC

Alice.tech

Angel Investor

Apr 2025Present · 1 yr · Andorra · Remote

  • Angel investor in Alice.tech

Techpaella

Head Chef

Mar 2025Feb 2026 · 11 mos · Barcelona, Catalonia, Spain

  • What happens when I take 65 VCs, business angels, and serial entrepreneurs from the Nordics to visit Barcelona?
  • From May 22-24, I will lead a fact-finding tour to Barcelona. Not only will it be fun, but I really hope it fosters new collaborations and investments between the two regions.
  • We will also strive to meet the key players in Barcelona's startup ecosystem.
  • We’re already well into the planning, but let me know if there’s someone we absolutely must meet!

Paradox

Angel Investor

Feb 2025Present · 1 yr 2 mos

  • Angel investor

Aioss

Angel Investor

Dec 2024Present · 1 yr 4 mos · La Massana, Andorra · Remote

  • Angel investor. Trying not to get in the way of the founders :-)

Toptutors

Investor

Dec 2024Present · 1 yr 4 mos

Superfluent

Angel Investor

Dec 2024Present · 1 yr 4 mos

Rnav8 bio

Investor

Oct 2024Present · 1 yr 6 mos · Andorra · Remote

  • Investor at RNAV8 (mRNA engineering platform)

Ratios

Angel Investor

Sep 2024Present · 1 yr 7 mos

Et netværk (business angel network)

Founder

Sep 2024Present · 1 yr 7 mos · Denmark · Remote

  • Pre seed investing network in Nordic tech startups

Wayfare.ai

Preseed Investor

Jan 2024Present · 2 yrs 3 mos · Andorra · Remote

Aisdr

Investor

Nov 2023Present · 2 yrs 5 mos · Copenhagen Metropolitan Area · Remote

Unioo

Investor

Oct 2023Present · 2 yrs 6 mos · København, Hovedstaden, Danmark · Remote

Pandektes

Investor

Sep 2023Present · 2 yrs 7 mos · København og omegn · Hybrid

Digit

Investor

Sep 2023Present · 2 yrs 7 mos · Atlanta, Georgia, USA · Remote

Deckmatch

Investor

Aug 2023Present · 2 yrs 8 mos · Oslo, Norway · Remote

Hyphen - personal ai made private

Investor

Aug 2023Present · 2 yrs 8 mos · Copenhagen Metropolitan Area · On-site

Aris robotics

Preseed Investor

May 2023Present · 2 yrs 11 mos · Denmark

Jabbr

Investor

May 2023Present · 2 yrs 11 mos · Copenhagen Metropolitan Area · On-site

Unhaze

Investor

Apr 2023Present · 3 yrs · San Francisco Bay og omegn · Hybrid

Goods

Investor

Apr 2023Dec 2024 · 1 yr 8 mos · New York, USA

Superb

Investor

Feb 2023Present · 3 yrs 2 mos · Denmark · On-site

Melatech

Preseed Investor

Jan 2023Present · 3 yrs 3 mos · Copenhagen Metropolitan Area · Remote

Forloop.ai

pre-seed investor

Oct 2022Present · 3 yrs 6 mos · Copenhagen Metropolitan Area

Handyhand

Investor

Sep 2022Present · 3 yrs 7 mos · København og omegn

Crowdbook

2 roles

Investor

Sep 2022Present · 3 yrs 7 mos

Angel Investor

Sep 2022Present · 3 yrs 7 mos

Parazute

Preseed investor

Aug 2022Dec 2024 · 2 yrs 4 mos · Copenhagen Metropolitan Area

  • The Parazute app utilizes AI to detect adverse changes in mental status and, at this moment, automatically deploys support from caregivers, relatives, and social networks to prevent people with mental illness from free-falling into hospitalization, self-damage, or suicide.

Skin bliss

Preseed investor

Jul 2022Present · 3 yrs 9 mos · Copenhagen Metropolitan Area

  • First-round investor in Skin Bliss.
  • Skin Bliss is a mobile app that reinvents how we decide on, shop for, and use skincare. The app is based on an in-house developed "AI beauty engine" designed to deconstruct, assess and recommend skincare by understanding the complex relationship between cosmetic ingredients and their effect on different skin types and skin concerns.
  • ...and the two founders are both PHDs in data science. What's not to like :-)

Mysecondear

Seed Investor

May 2022Present · 3 yrs 11 mos · Berlin, Tyskland

Investormødet

Stifter, Generalsekretær, Enevældig Hersker

May 2022Mar 2025 · 2 yrs 10 mos · Confidential

  • Hvad sker der hvis man blander Folkemødet og Bilderberg?
  • Investormødet, der årligt afholdes på en hemmelig lokation.
  • Her konspirerer business angels, scaleups og VC-fonde om en ny verdensorden!
  • Med andre ord: En sjov udgave af Djøfstortion
  •  Færre taler
  •  Sjovere mennesker
  •  Bedre vin

Hubb kitchens

Investor

Apr 2022Present · 4 yrs · København, Hovedstaden, Danmark

Firmnav

Seed Investor

Apr 2022Jun 2023 · 1 yr 2 mos · København og omegn

Mybluelabel compliance services

Seed Investor

Mar 2022Oct 2024 · 2 yrs 7 mos · Copenhagen Metropolitan Area

Idun audio

Investor

Feb 2022Present · 4 yrs 2 mos · Copenhagen Metropolitan Area

Doubble

Investor

Feb 2022Present · 4 yrs 2 mos · København og omegn

Providr aps

Investor

Jan 2022Mar 2025 · 3 yrs 2 mos · Aalborg, North Jutland, Denmark

Advative.io - enterprise solutions for innovative ad-space

Investor

Dec 2021Present · 4 yrs 4 mos · Denmark

  • Investing in Advative that are making marketing simple and assessable, by bringing fully automated Advertising solutions to the market. The technology enables and exploits the full potential of intelligent and highly targeted marketing in social media and search engines.
  • Advative offer a platform that can provide end-to-end solution, with booking, banner creation, targeting and optimization across all digital channels. (display, social, adwords)

Penneo a/s

3 roles

Investor

Aug 2021Feb 2025 · 3 yrs 6 mos

Interim CEO

Sep 2020Aug 2021 · 11 mos

Co-founder, Investor, Board Member

Nov 2011Sep 2020 · 8 yrs 10 mos

  • Investor and board member in Penneo A/S. Leading Nordic supplier of cloud-based electronic signature solutions.

Climaider

Seed Investor

Aug 2021Present · 4 yrs 8 mos · Copenhagen, Capital Region, Denmark

  • Investor in Climaider: Calculate your CO2 footprint, reduce it with easy challenges and offset what you have left - all with one app.
  • Real problem + amazing team + traction = Of course I want to invest

Valuation methods and discount rates in pharma/biotech

Author

Sep 2020Sep 2020 · 0 mo · Copenhagen Metropolitan Area

  • Do you want to know which discount rates and valuation methods your industry peers are using when evaluating biotech/pharma projects? Participate in a brief survey (10-15 mins.) on valuation methods and discount rates for pharma/biotech projects- and get the whitepaper with the results..
  • In 2010 I conducted a large (n=400) study on valuation methods (NPV vs. rNPV etc.) and discount rates in biotech. They have become important sources for many on valuation methods for pharma/biotech projects but a lot have happened since.
  • I am therefore doing a follow-up study. All respondents get a whitepaper with the results and will also receive copies of the two existing whitepapers on valuation methods and discount rates.
  • Ping me if you want to participate in survey and get the results

Estaldo.com

Investor

Aug 2019Present · 6 yrs 8 mos · Ålborg, Nordjylland, Danmark

Inprother

Member Board Of Directors

Jun 2018Present · 7 yrs 10 mos · Københavnsområdet, Danmark

  • Joined Inprother which is commercializing the research of Professor Peter Holst. Vision: cure cancer!
  • InProTher is a developer of vaccine technology and vaccine candidates within immunotherapy. InProTher has pre-clinical proof of concept for elimination of pre-existing infection, broad and curative cancer targeting and synergy with immune checkpoint inhibitors. InProTher's research is based upon research by Associate Professor Peter Johannes Holst and colleagues and international collaborators.

Pento

Investor (via Copenhagen United)

Aug 2017Dec 2021 · 4 yrs 4 mos · Denmark

  • Pento is disrupting the HR payroll market. SaaS. Great team. Amazing traction. What's not to like :-) Investor in the first pre seed round. Sold my shares in the A and B rounds.

Supwiz

Investor (via Copenhagen United)

Jun 2017Present · 8 yrs 10 mos · Copenhagen Area, Denmark

  • SupWiz leverages a unique knowledge of algorithms and machine learning research to provide intelligent agents. The solution comes in form of ticket routing, chatbots, efficient agent and customer self-help systems going beyond state-of- the-art techniques in deep learning, feature extraction, language processing and high-dimensional clustering.
  • ...and done by the strongest algorithm/Big Data startup team for decades. This will be huge!

Forgotton anne aps

Investor, board member (via Copenhagen United)

Mar 2017Present · 9 yrs 1 mo · Copenhagen Area, Denmark

  • Investor (via my investment fund Copenhagen United - http://www.cphutd.com/) and member of the Board. Forgotton Anne is a 2D cinematic adventure game combining puzzle platforming with adventure game elements.
  • https://www.forgottonanne.com/

Meetin vr

Investor (via Copenhagen United)

Nov 2016Aug 2023 · 6 yrs 9 mos · Copenhagen Area, Denmark

  • VR collaboration startup - Skype on steroids ;.)
  • https://www.meetinvr.net

Startup funding book

Author

Aug 2016Present · 9 yrs 8 mos · Copenhagen Area, Denmark

  • Are you an entrepreneur, looking for investors take your venture to the next level? Do you want to start a business and wonder where to get the funds?
  • This book reveals:
  • Where to to find investors and the best approaches to win their support
  • What investors are really looking for but won't tell you
  • How to persuade banks, business angels, VCs and public funders
  • Insider tips for compiling material that satisfies investors
  • Little-known strategies that will boost your success
  • Written by start-up funding expert Nicolaj Højer Nielsen, this book offers practical solutions and guides you step by step to secure the funds you need.
  • You can request free PDF version of the 250 page book on startup financing (angels, VCs, bootstrapping, accelerators etc.) here: http://www.startupfundingbook.com/

Cluedin aps

Advisor

Jun 2016Present · 9 yrs 10 mos · Copenhagen Area, Denmark

  • We bring the information that sits across all of our teams cloud tools into one unified cloud hub, making it easier to manage anything your team works on.

Insead alumni association

Chairman, INSEAD Alumni Association Denmark

Jun 2016Jun 2019 · 3 yrs · Copenhagen Area, Denmark

  • The Danish INSEAD Alumni Association exists to serve alumni in Denmark.

Places app

Investor

May 2016Aug 2022 · 6 yrs 3 mos · Copenhagen Area, Denmark

  • No more wasting time on texting back and forth trying to figure out where to go and what to do. Places shows you who is going to what clubs, events and parties. It’s simple, choose a date and choose which club or event you’re going to! See someone interesting? like their picture, or let them know that you are up for a drink, all at the push of a button.
  • We put people together, at the right place at the right time.
  • Stay tuned...

Copenhagen united

Founder, investor

Sep 2015Present · 10 yrs 7 mos · Copenhagen Area, Denmark

  • Copenhagen United is the brainchild of Nicolaj Højer Nielsen, who wanted to scale up his seed investments by co-investing in startups together with members of his professional network. Copenhagen United is the new vehicle to make this happen.

Capdesk

Pre-seed investor

Jun 2015Aug 2022 · 7 yrs 2 mos · Copenhagen Area, Denmark

  • CapDesk is a annovative shareholder management tool for companies and investors.
  • Exit to Carta (2022)

Sepior / kmaas

Co-founder

Mar 2013Aug 2022 · 9 yrs 5 mos · Denmark

  • Next generation encryption technology for SaaS-providers and Enterprises. Pure cloud-based encryption key management solution with true cryptographic security.
  • Exit to BlockDaemon in 2022

Motilitycount aps

Co-founder

Sep 2010Present · 15 yrs 7 mos · Copenhagen Area, Denmark

  • Co-founder of MotilityCount Aps that is developing the world's first valid home-test kit for measuring male fertility (sperm quality). In late-stage development. Will be on the market in early 2014

Codesealer aps

Co-founder

Jan 2010Feb 2013 · 3 yrs 1 mo · Copenhagen Area, Denmark

  • Cofounder and CEO of CodeSealer from 2010 to 2013. Took company from prototype to a post-revenue VC backed company. The company is funded by VF Venture, SEED Capital, the management team and a number of private investors.

Recon instruments

Investor

May 2008Jun 2015 · 7 yrs 1 mo

  • Recon has established itself as the leader in consumer Heads-up Displays for sports and active lifestyle. Investor in Recon Instruments since the first external investment round in 2008.
  • Sold to Intel. Great exit for all investors :-)

Biostrat

Founder

Dec 2007Dec 2012 · 5 yrs

  • Management consulting (strategy, licensing, financing)

Copenhagen business school

Ekstern Lektor

Aug 2007Aug 2025 · 18 yrs · Copenhagen Area, Denmark

  • Teaching entrepreneurship and counseling MSc students part-time at Copenhagen Business School.

Detokay aps

co-founder

Aug 2007Jan 2008 · 5 mos

Alk-abelló

Commercial Manager

Aug 2006Aug 2007 · 1 yr

  • Main tasks: Management of out-licensing (co-promotion) agreement, M&A activities, management of international affiliates, strategic and financial analyses for the Board of Management.

Foss a/s

2 roles

SAP Project Manager

Apr 2004May 2005 · 1 yr 1 mo

  • In charge of optimizing the Group's business-processes across countries, departments and business-units by the use of a global SAP implementation. Reported to the Group CFO and managed two project-groups with 15 members from 7 countries.

Assistant to Group Management

Aug 2002Apr 2004 · 1 yr 8 mos

  • Reported to the Group VP, who is in charge of the Group’s international subsidiaries (15 companies). Main responsibilities: Strategic/financial analyses, international business-controlling, representing Group Management in international projects.

Strand consult

Management Consultant

Aug 2000Aug 2002 · 2 yrs

  • Management Consultant in a consultancy specialized in mobile-communications. Main tasks were strategic analyses and consulting assignments to top-management for Telecom, Media and IT-companies.

Connery.dk

Co-founder

Dec 1999Nov 2002 · 2 yrs 11 mos · Copenhagen Area, Denmark

  • Co-founded Connery.dk and led the company into one of the leading online magazines for men in Denmark. Sold the company in 2002.

Education

INSEAD

MBA — General Management

Jul 2005Jul 2006

Copenhagen Business School

MSc — Business Administration (Marketing)

Aug 1998Aug 2000

The University of Texas at Austin

N/A — MBA Exchange Student

Jul 1999Dec 1999

Aalborg University

BSc — Business Economics

Aug 1995Jun 1998

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