We’re here to build

great things together.

We are entrepreneurs, founders and investors, passionate about turning ideas and brilliant minded people into successes.

We’re here to

build great

things together.

We are entrepreneurs, founders and investors, passionate about turning ideas and brilliant minded people into successes.

We are a team of company builders and commercially minded thinkers and doers with a passion for technology and innovation.

Our mission is to invest in high-performing founders and help build truly scalable, sustainable and global companies. We invest in honest and hardworking teams with innovative solutions.

We are a small, integrated, high-performance team that understands the entrepreneurs’ journey as we have been down that road ourselves. We know how to listen and when to step in.

Our hands-on experience in bridging Nordic companies to the US is built on a decade of internationalization know-how. We are company builders focused on scaling businesses and empowering change.

Fund management

We are a team of company builders and commercially minded thinkers and doers with a passion for technology and innovation.

Our mission is to invest in high-performing
founders and help build truly scalable,
sustainable and global companies. We invest
in honest and hardworking teams with
innovative solutions.

We are a small, integrated, high-performance
team that understands the entrepreneurs’
journey as we have been down that road
ourselves. We know how to listen and when
to step in.

Our hands-on experience in bridging Nordic
companies to the US is built on a decade of
internationalization know-how. We are
company builders focused on scaling
businesses and empowering change.

Venture Partners

ESG Ambassadors

Board of Directors

Interested in joining us?

Ready to scale

your business?

Ready to scale

your business?

Lars Jensen
Managing partner

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Since Co-founding Scale Capital in 2012, Lars has been managing the investment activities and worked in/with portfolio companies to accelerate growth; leveraging his experience and network in the United States.

Prior to becoming an investor, Lars had a corporate career in Telecoms and Management Consulting, before becoming an entrepreneur in 2008, where he founded, grew and sold two companies. In 2012, Lars co-founded Scale Capital with the idea to support Nordic based founders in their efforts to establish and grow ventures in the US market. Lars lived in Silicon Valley from 2013-2017, where he help establish Scale Capital’s US operation and worked to help accelerate portfolio companies.

Lars is an entrepreneur at heart, who loves to innovate and see companies and people develop and grow. He invests in and advise technology startups on how to build globally scalable companies.

Lars Jensen
Managing partner

Get in touch

Since Co-founding Scale Capital in 2012, Lars has been managing the investment activities and worked in/with portfolio companies to accelerate growth; leveraging his experience and network in the United States.

Prior to becoming an investor, Lars had a corporate career in Telecoms and Management Consulting, before becoming an entrepreneur in 2008, where he founded, grew and sold two companies. In 2012, Lars co-founded Scale Capital with the idea to support Nordic based founders in their efforts to establish and grow ventures in the US market. Lars lived in Silicon Valley from 2013-2017, where he help establish Scale Capital’s US operation and worked to help accelerate portfolio companies.

Lars is an entrepreneur at heart, who loves to innovate and see companies and people develop and grow. He invests in and advise technology startups on how to build globally scalable companies.

Kenneth Grunow
General Partner

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Since Co-founding Scale Capital in 2012, Kenneth has been working on investment activities next to assisting portfolio companies and administrating fund operations.

Prior to Scale Capital, Kenneth worked in commercial real-estate development for 25 years. He has also been running his own M&A broker business where he made more than 80 transactions.

Kenneth has founded four companies in total and made four exits. He is a passionate businessman with a great experience in directing business operations and helping companies internationalize.

Kenneth holds two educations in Board Governance from Strategic Boardroom and Chair Person and has completed a leadership course at FranklinCovey. In addition, Kenneth is a certified M&A adviser at Business House Sealand.

Kenneth Grunow
General Partner

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Since Co-founding Scale Capital in 2012, Kenneth has been working on investment activities next to assisting portfolio companies and administrating fund operations.

Prior to Scale Capital, Kenneth worked in commercial real-estate development for 25 years. He has also been running his own M&A broker business where he made more than 80 transactions.

Kenneth has founded four companies in total and made four exits. He is a passionate businessman with a great experience in directing business operations and helping companies internationalize.

Kenneth holds two educations in Board Governance from Strategic Boardroom and Chair Person and has completed a leadership course at FranklinCovey. In addition, Kenneth is a certified M&A adviser at Business House Sealand.

Joachim Schelde
Investment Associate

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Joachim is an Investment Associate at Scale Capital where he is responsible for the origination and execution of investment opportunities and in building partnerships between Scale Capital and relevant investors, advisors, and industry experts.

Prior to joining Scale Capital in September 2020, Joachim was a Management Consultant at PA Consulting Group where he worked on innovation and transformation projects for 2 years while pursuing his master’s degree. Joachim also has experience from Adit Ventures, a NYC based growth equity firm where he assisted on the deal sourcing and evaluation process of late-stage tech startups.

Joachim is a generalist and immerses himself daily in a variety of topics. Since he founded his first business at age 17, Joachim has been excited about entrepreneurship and in working with founders.

Joachim holds a MSc. in Finance and Strategic Management from Copenhagen Business School (CBS) and is a Visiting Student at Harvard University and Singapore Management University.

Joachim Schelde
Investment Associate

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Joachim is an Investment Associate at Scale Capital where he is responsible for the origination and execution of investment opportunities and in building partnerships between Scale Capital and relevant investors, advisors, and industry experts.

Prior to joining Scale Capital in September 2020, Joachim was a Management Consultant at PA Consulting Group where he worked on innovation and transformation projects for 2 years while pursuing his master’s degree. Joachim also has experience from Adit Ventures, a NYC based growth equity firm where he assisted on the deal sourcing and evaluation process of late-stage tech startups.

Joachim is a generalist and immerses himself daily in a variety of topics. Since he founded his first business at age 17, Joachim has been excited about entrepreneurship and in working with founders.

Joachim holds a MSc. in Finance and Strategic Management from Copenhagen Business School (CBS) and is a Visiting Student at Harvard University and Singapore Management University.

Terkel Douglas
Investment Analyst

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Terkel is an Investment Analyst at Scale Capital and is an integral part of the funds deal-sourcing activities and execution of investments. Terkel is also responsbile for the funds ESG-framework.

Prior to joining Scale Capital, Terkel worked at Danish mutual fund BankInvest. As part of the business development team, he has been involved in the transformation of BankInvests widely recognized sustainable investment efforts, as well as handling their Robo-Investment product, DarwinApp. Before BankInvest, Terkel interned at UK based Private Equity firm Bregal Milestone where he was a part of the deal-sourcing team for Scandinavian mid-cap companies.

Terkel is a strong believer in start-ups ability and potential to make a positive impact on the world. He is a co-founder of The Weavers Nest, an NGO specializing in sustainable tourism and rescuing wild animals near Kaziranga National Park, India.

Terkel is currently pursuing a dual degree Master in Social Science and Economics at the University of Copenhagen (KU), focusing on Private Capital, Sustainable Investment and the role of politics in global finance.

Terkel Douglas
Investment Analyst

Get in touch

Terkel is an Investment Analyst at Scale Capital and has been building the funds ESG-framework and assisting in the deal-sourcing activities.

Prior to joining Scale Capital, Terkel worked at Danish mutual fund BankInvest. As part of the business development team, he has been involved in the transformation of BankInvests widely recognized sustainable investment efforts, as well as handling their Robo-Investment product, DarwinApp. Before BankInvest, Terkel interned at UK based Private Equity firm Bregal Milestone where he was a part of the deal-sourcing team for Scandinavian mid-cap companies.

Terkel is a strong believer in start-ups ability and potential to make a positive impact on the world. He is a co-founder of The Weavers Nest, an NGO specializing in sustainable tourism and rescuing wild animals near Kaziranga National Park, India.

Terkel is currently pursuing a dual degree Master in Social Science and Economics at the University of Copenhagen (KU), focusing on Private Capital, Sustainable Investment and the role of politics in global finance.

Fredrik Bentlinger
Venture Partner, Stockholm

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Fredrik Bentlinger is an experienced investor, partner and chief financial officer from venture capital firms, growth companies as well as larger listed companies. Fredrik has helped startups scale since the dotcom era.

With over 20 years as a C-level executive and board member within tech and managed services companies, Fredrik brings great experience to the companies he advises. Always looking at opportunities though a strategic but pragmatic lens, Fredrik is capable of driving forth people and empowering change.

Fredrik recently served as General Partner at the Bridge140 fund that invested in early-stage tech companies across northern Europe. Over the years Fredrik has built up an extended network of founders, business angels and investors.

Fredrik holds a Bsc. in Finance & Business Administration from Linnaeus University.

Fredrik Bentlinger
Venture Partner, Stockholm

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Fredrik Bentlinger is an experienced investor, partner and chief financial officer from venture capital firms, growth companies as well as larger listed companies. Fredrik has helped startups scale since the dotcom era.

With over 20 years as a C-level executive and board member within tech and managed services companies, Fredrik brings great experience to the companies he advises. Always looking at opportunities though a strategic but pragmatic lens, Fredrik is capable of driving forth people and empowering change.

Fredrik recently served as General Partner at the Bridge140 fund that invested in early-stage tech companies across northern Europe. Over the years Fredrik has built up an extended network of founders, business angels and investors.

Fredrik holds a Bsc. in Finance & Business Administration from Linnaeus University.

Lars Rinnan
Venture Partner, Oslo

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Lars Rinnan is a visionary CEO, angel investor, board member, public speaker and futurist from Oslo, Norway. Lars has more than 25 years management experience, and over the course of 7 years has started 6 companies within business intelligence and artificial intelligence, all joined together in Amesto NextBridge. He is the CEO of Amesto NextBridge and the VP of AI & Robotics for Amesto Group. His entrepreneurial and business experience makes him a valued investor, advisor and board member for startups within AI and exponential technology.

Lars is a sought after key note speaker on AI and the future, and an avid writer and blogger, frequently appearing in media and television. He has contributed to 7 books on AI and the future. Lars works best when he can utilize his holistic business view and vast network to spot opportunities and create value.

Lars holds an MBA from Lancaster University (UK) and a BSc. in Business Administration from the Norwegian Institute of Management.

Lars Rinnan
Venture Partner, Oslo

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Lars Rinnan is a visionary CEO, angel investor, board member, public speaker and futurist from Oslo, Norway. Lars has more than 25 years management experience, and over the course of 7 years has started 6 companies within business intelligence and artificial intelligence, all joined together in Amesto NextBridge. He is the CEO of Amesto NextBridge and the VP of AI & Robotics for Amesto Group. His entrepreneurial and business experience makes him a valued investor, advisor and board member for startups within AI and exponential technology.

Lars is a sought after key note speaker on AI and the future, and an avid writer and blogger, frequently appearing in media and television. He has contributed to 7 books on AI and the future. Lars works best when he can utilize his holistic business view and vast network to spot opportunities and create value.

Lars holds an MBA from Lancaster University (UK) and a BSc. in Business Administration from the Norwegian Institute of Management.

Christian Dalum
Venture Partner, New York

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Christian is co-founder of DANE CAPITAL and have spent more than 20 years in private investments and corporate finance, primarily in the Nordics. He has a proven track record from several buyouts, restructurings and growth capital deals, GP fundraising and secondary processes.

Prior to DANE CAPITAL, Christian was a director in a Danish mid-cap buyout firm and before that he worked for a global listed private equity company.

Christian serves on the board of several companies and is typically involved in driving the ownership agenda across his portfolio companies.

Christian holds an MBA from Fordham Business School in New York, and a bachelor’s degree in Finance from NYU, Stern School of Business in New York.

Christian Dalum
Venture Partner, New York

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Christian is co-founder of DANE CAPITAL and have spent more than 20 years in private investments and corporate finance, primarily in the Nordics. He has a proven track record from several buyouts, restructurings and growth capital deals, GP fundraising and secondary processes.

Prior to DANE CAPITAL, Christian was a director in a Danish mid-cap buyout firm and before that he worked for a global listed private equity company.

Christian serves on the board of several companies and is typically involved in driving the ownership agenda across his portfolio companies.

Christian holds an MBA from Fordham Business School in New York, and a bachelor’s degree in Finance from NYU, Stern School of Business in New York.

Ram Srinivasan
Venture Partner, San Francisco

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Ram Srinivasan is a Silicon Valley venture catalyst with multiple exits under his belt. In his role as a founding CEO of Fireclick, he raised over $25M from established Silicon Valley VCs and built a business from inception in 1999 through its acquisition in 2004.

Ram is uniquely positioned to help European companies bridge to the US market. He has mentored over 100 companies from Germany and been an entrepreneurship coach across the Silicon Valley. He has also advised several large companies on how to lead their digital initiatives using a startup mindset.

With over 25 years of experience in engineering and marketing management, Ram has an in-depth understanding of bridging high-technology companies with scalable go-to-market strategies. His work has resulted in productive startup teams that have scaled across continents. Ram brings a combination of discipline and creativity that establishes credibility with all team members.

Ram Srinivasan
Venture Partner, San Francisco

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Ram Srinivasan is a Silicon Valley venture catalyst with multiple exits under his belt. In his role as a founding CEO of Fireclick, he raised over $25M from established Silicon Valley VCs and built a business from inception in 1999 through its acquisition in 2004.

Ram is uniquely positioned to help European companies bridge to the US market. He has mentored over 100 companies from Germany and been an entrepreneurship coach across the Silicon Valley. He has also advised several large companies on how to lead their digital initiatives using a startup mindset.

With over 25 years of experience in engineering and marketing management, Ram has an in-depth understanding of bridging high-technology companies with scalable go-to-market strategies. His work has resulted in productive startup teams that have scaled across continents. Ram brings a combination of discipline and creativity that establishes credibility with all team members.

Jørgen Balle Olesen
Social Ambassador

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Jørgen Balle Olesen is an investor in Scale Capital and acts as the fund’s ESG Ambassador on social investment considerations. He takes part in discussions on how to improve the social factors in Scale Capital’s portfolio companies.

Jørgen is the founder of Saxo.com, Denmark’s largest and first online bookstore. Since Jørgen sold Saxo.com in 2019, he has been an active business angel primarily within EdTech, supporting SDG 4.

Among his bigger investments are CanopyLab, Bookbites, Coders Trust and a few international EdTech startups such as Udocz (Peru), Tutor (Estonia), and Lyfta (UK).

Jørgen holds a MSc. in Business Administration from Copenhagen Business School (CBS).

Jørgen Balle Olesen
Social Ambassador

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Jørgen Balle Olesen is an investor in Scale Capital and acts as the fund’s ESG Ambassador on social investment considerations. He takes part in discussions on how to improve the social factors in Scale Capital’s portfolio companies.

Jørgen is the founder of Saxo.com, Denmark’s largest and first online bookstore. Since Jørgen sold Saxo.com in 2019, he has been an active business angel primarily within EdTech, supporting SDG 4.

Among his bigger investments are CanopyLab, Bookbites, Coders Trust and a few international EdTech startups such as Udocz (Peru), Tutor (Estonia), and Lyfta (UK).

Jørgen holds a MSc. in Business Administration from Copenhagen Business School (CBS).

Lars Barkler
ESG Ambassador, Climate

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Lars Barkler is the fund’s ESG Ambassador on climate technologies. Lars helps validate investment opportunities within his core field of expertise and takes part in discussions on how to improve the sustainability factors in Scale Capital’s portfolio companies.

Lars is the former CEO of Lithium Balance, a manufacturer of battery management systems for lithium-ion batteries used in automotive, industrial, and power storage applications.

Prior to joining Lithium Balance in 2007 he was the VP of technology and marketing in Brüel & Kjær. He has also previously served as marketing director in Radiometer Medical.

Lars Barkler
ESG Ambassador, Climate

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Lars Barkler is the fund’s ESG Ambassador on climate technologies. Lars helps validate investment opportunities within his core field of expertise and takes part in discussions on how to improve the sustainability factors in Scale Capital’s portfolio companies.

Lars is the former CEO of Lithium Balance, a manufacturer of battery management systems for lithium-ion batteries used in automotive, industrial, and power storage applications.

Prior to joining Lithium Balance in 2007 he was the VP of technology and marketing in Brüel & Kjær. He has also previously served as marketing director in Radiometer Medical.

Jacob Høeg Madsen
Chairman  of  the board

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Jacob is a Partner at Kromann Reumert, a top-tier law farm specialized in asset management, fund formation and financial regulation. Jacob has previously worked at Slaughter and May in London. Jacob has also been part of the faculty at several of Copenhagen Business School’s Board Leadership Education programmes since their inception, and is an active mentor at Copenhagen Fintech.

Jacob holds a Master of Laws (LL.M.) degree from New York University, School of Law.

Jacob Høeg Madsen
Chairman  of  the board

Get in touch

Jacob is a Partner at Kromann Reumert, a top-tier law farm specialized in asset management, fund formation and financial regulation. Jacob has previously worked at Slaughter and May in London. Jacob has also been part of the faculty at several of Copenhagen Business School’s Board Leadership Education programmes since their inception, and is an active mentor at Copenhagen Fintech.

Jacob holds a Master of Laws (LL.M.) degree from New York University, School of Law.

Kasper Mule Scott Struve 
Board Member

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Kasper Struve is a former Director at Industriens Pension where he spent 11 years within the private investments team and made more than 100 private market investments totaling approx. USD 6 billion of investment commitments. Prior to Industriens Pension, Kasper spent 4 years within M&A advisory at KPMG and Oaklins.

In Feb 2019 Kasper founded Unified Investors, a platform geared towards institutional investor collaborations. He also acts as an external advisor to BlackRock Asset Management for infrastructure solutions.

Kasper holds a MSc. in Finance from Copenhagen Business School (CBS) with a semester undertaken at HEC Lausanne and courses at London School of Economics.

Kasper Mule Scott Struve 
Board Member

Get in touch

Kasper Struve is a former Director at Industriens Pension where he spent 11 years within the private investments team and made more than 100 private market investments totaling approx. USD 6 billion of investment commitments. Prior to Industriens Pension, Kasper spent 4 years within M&A advisory at KPMG and Oaklins.

In Feb 2019 Kasper founded Unified Investors, a platform geared towards institutional investor collaborations. He also acts as an external advisor to BlackRock Asset Management for infrastructure solutions.

Kasper holds a MSc. in Finance from Copenhagen Business School (CBS) with a semester undertaken at HEC Lausanne and courses at London School of Economics.

Claus Nielsen
Board Member

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Claus Nielsen is the former Head of Markets at Saxo Bank as well as a member of Saxo Bank’s executive management team. For 15 years, Claus was responsible for all Saxo Bank’s trading operations, risk management, sales trading and strategy team.

Claus holds various board and advisory positions such as in Concordium (CH), Kenzi Wealth (DK), and Lotusdew (IN). He is also an investor in various startups, including Zwift (indoor cycling app), Evaxion (BioTech), LifeGuard (employee health), Motosumo (HealthTech), DigiShares (Blockchain), Kompasbank (FinTech), and Climaider (ESG).

Claus is an active mentor at Copenhagen Fintech and a member of Keystones.

Claus Nielsen
Board Member

Get in touch

Claus Nielsen is the former Head of Markets at Saxo Bank as well as a member of Saxo Bank’s executive management team. For 15 years, Claus was responsible for all Saxo Bank’s trading operations, risk management, sales trading and strategy team.

Claus holds various board and advisory positions such as in Concordium (CH), Kenzi Wealth (DK), and Lotusdew (IN). He is also an investor in various startups, including Zwift (indoor cycling app), Evaxion (BioTech), LifeGuard (employee health), Motosumo (HealthTech), DigiShares (Blockchain), Kompasbank (FinTech), and Climaider (ESG).

Claus is an active mentor at Copenhagen Fintech and a member of Keystones.

Henning Andersen
Board member

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Henning is an experienced CFO with an international career in the fast-moving consumer goods industry. He has lived and worked outside Denmark between 2005 and 2017, of which he has spent 4.5 years in the US and served as CFO for Peet’s Coffee and later Strategic Finance Director for the private equity firm JAB Holding Company.

Henning returned to Denmark in 2017 to become a CFO for the Danish design house Georg Jensen A/S. Currently, Henning is a board member of POC Sports AB, a leading manufacturer of helmets, body armor, apparel etc. within the cycling and skiing category.


Henning holds a MSc. in Accounting and Auditing from Copenhagen Business School (CBS).

Henning Andersen
Board member

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Henning is an experienced CFO with an international career in the fast-moving consumer goods industry. He has lived and worked outside Denmark between 2005 and 2017, of which he has spent 4.5 years in the US and served as CFO for Peet’s Coffee and later Strategic Finance Director for the private equity firm JAB Holding Company.

Henning returned to Denmark in 2017 to become a CFO for the Danish design house Georg Jensen A/S. Currently, Henning is a board member of POC Sports AB, a leading manufacturer of helmets, body armor, apparel etc. within the cycling and skiing category.


Henning holds a MSc. in Accounting and Auditing from Copenhagen Business School (CBS).

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