Nordic Bloom fund - Tripling on opening day
August 22, 2025
VAST MAJORITY OF UNICORNS STILL MADE IN THE USA
Many expected the new US administration to have a negative impact on the venture market due to uncertainty about changes in the geopolitical climate, monetary policy, etc. There are many indications that this is not the case.
In mid-2025, American venture is still clearly stronger than the rest of the world, not least due to a strong ecosystem with excellent technical universities such as Stanford and MIT, a highly advanced and risk-taking capital market, first-class venture funds with many years of experience and a strong entrepreneurial spirit.
According to dealroom.co (see their overview below), the first half of 2025 saw 84 unicorns with a market capitalisation of over USD 1 billion, including 52 or 62% created in the US with 23% in Europe and 15% in the rest of the world.
The venture market is benefiting from the surge in innovation, with AI, digital health and enterprise software leading the way.
However, investing in venture is associated with significant risk. Our data*) indicates that this risk can be reduced by investing in 1st quartile fund of funds, where you also invest through multiple vintages.
*) Calculation of Sharpe Ratios based on data as of 31 December 2024 from Cambridge Associates
written by Søren Truelsen
DKK 750,000 is the legal minimum amount to invest in this type of fund. This is a requirement to ensure that investors are qualified and understand the level of risk.
No, you are free to choose to invest a higher amount if you wish. However, the total size of the fund is a natural limit and allocation is on a first-come, first-served basis.
Payments are made on an ongoing basis as the fund makes its investments - typically spread over 3-4 years. For example, a total investment of DKK 1 million can be distributed in instalments of DKK 250,000-350,000 annually, depending on the structure of the fund.
Payouts typically begin 1-2 years after the investment period has ended. The timing and amount depend on the fund's performance, market developments and other conditions. There is no guarantee of dividends and the investment should be viewed as long-term.
English 
Danish