We’re here to build great things together

Lars has spent his career helping European technology companies compete on the global stage.

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Before becoming an investor, he worked in telecoms and management consulting before becoming an entrepreneur, founding, scaling and exiting two companies. In 2012, he co-founded Scale Capital and later spent four years in Silicon Valley, building Scale’s US presence and working alongside European founders as they entered one of the world’s most competitive technology markets.

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That experience shaped a conviction that sits at the heart of Scale today: Europe has the technology, engineering talent and founders to build global leaders, but too often the ownership and value created by those companies move elsewhere as they scale.

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Lars understands both sides of that challenge. He knows what it takes to compete globally, but also believes Europe’s next generation of technology companies should be able to do so while keeping their technology, talent and ownership anchored here.

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He holds an MBA from Babson F.W. Olin Graduate School of Business, graduating Magna Cum Laude, as well as a Graduate Diploma in Foreign Trade from Copenhagen Business School and a Bachelor’s degree in Market Economics.

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Today, Lars leads Scale Capital with a simple ambition: to back the founders building the critical technologies Europe and the world will depend on, and give them the conviction, capital and international perspective to build global leaders from Europe.

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

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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.

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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.

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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 is a Principal at Scale Capital, where he is responsible for originating and executing investment opportunities and working closely with founders to scale early-stage B2B technology companies. He also focuses on building partnerships with investors, advisors, LPs and industry experts across Scale Capital’s ecosystem.

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Prior to joining Scale Capital in September 2020, Joachim worked in management consulting, advising large corporations on digitization and transformation projects, and later in growth equity investing. Joachim founded his first business at 17 and has been driven by entrepreneurship ever since.

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He is particularly passionate about backing European founders building critical technologies that strengthen Europe’s resilience, technological independence and security, while contributing to a stronger NATO alliance.

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Joachim holds a Master’s degree in Finance and Strategic Management from Copenhagen Business School (CBS) and has studied at Harvard University and Singapore Management University.

Terkel Douglas is a Principal at Scale Capital and is an integral part of the fund’s deal-sourcing activities, execution of investments and serves as an advisor to our founders. Terkel also heads Scale Capital’s ESG-efforts.

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Prior to joining Scale Capital in 2021, Terkel worked at Danish mutual fund BankInvest. As part of the business development team, he has been involved in the transformation of BankInvests widely recognised sustainable investment efforts, as well as handling their investment product, DarwinApp. Terkel previously worked at UK based Private Equity firm Bregal Milestone where he was a part of the deal-sourcing team for Scandinavian mid-cap companies.

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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 specialising in sustainable tourism and rescuing wild animals near Kaziranga National Park, India.

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Terkel holds a Dual Degree Master in Political Science & Economics at The University of Copenhagen (KU).

Boje Thosti is Head of Finance at Scale Capital, where he is responsible for fund accounting, investor reporting, compliance, valuations and operational support.

Before joining Scale Capital, Boje was part of the investment team at the Danish National Research Foundation, where he helped design and implement investment setups as well as risk and reporting frameworks. Prior to that, he spent five years at PwC in assurance, working with mid-sized companies.

Boje is drawn to understanding business models and financial structures, and brings a strategic mindset to planning ahead, across forecasting, risk assessment and innovation.

Boje holds an MSc in Accounting (Revision og Regnskab) and a Graduate Diploma (HD) in Finance, both from Copenhagen Business School (CBS).

Based in Espoo (Helsinki), part of Scale's investment team sourcing, screening and evaluating companies across the Finnish ecosystem with a focus on deeptech, university spinouts and defence. Previously led the operational team of SILTA. Currently pursuing a degree in Engineering Psychology at Aalto University.

Based between Oslo and Bergen, Alexander is part of Scale's investment team, working with sourcing, screening, and evaluating companies across the Norwegian ecosystem. He focuses on robotics, defence, energy, and digital infrastructure, while actively engaging with founders and the startup community in Norway.

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Prior to joining Scale, Alexander worked at a proptech startup and completed his military service in the Norwegian Armed Forces. He has also spent a semester at UC Berkeley's Haas School of Business, with a focus on entrepreneurship.

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Alexander is passionate about deeptech and defence — and the moment we are in, where European startups are directly shaping how nations protect themselves and secure their infrastructure.

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He is currently finishing a Bachelor's in Business, Economics and Data Science at the Norwegian School of Economics.

Vika leads Scale Capital's brand, design and communications work, helping Scale unfold its unique and authentic positioning. Her work focuses on designing the founder and LP experience across channels and ensuring Scale's conviction is felt through the brand.

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Before joining Scale, Vika worked across design, branding, and communications, solving design, brand, and communications challenges.

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Vika believes brand is infrastructure, not decoration. She's passionate about design and cohesive brand building that reflects who Scale actually is, and creating meaningful connections between the firm and the founders, investors, and ecosystem partners.

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Vika holds a bachelor's degree in Design & Communication from KEA (Copenhagen School of Design & Technology) and is pursuing her master's in Brand Strategy at LABASAD.

Frederik leads Scale’s efforts in PR, media relations, and strategic storytelling. His work focuses on amplifying Scale’s profile and fostering authentic connections within the startup and tech ecosystem, ensuring Scale’s mission and values resonate deeply with its audience.

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Before joining Scale, Frederik has worked as a Journalist, a Content Strategist and not least a PR and Communications Consultant. He has worked closely with 50+ startups and visionary founders, helping them craft authentic narratives and bringing fresh, human perspectives to the forefront of their storytelling.

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Frederik is passionate about the human side of the startup ecosystem – sharing the stories of founders, celebrating their journeys, and creating meaningful conversations that bridge the gap between technology and the people it impacts.

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Frederik holds a bachelor’s degree in Journalism from the Danish School of Media and Journalism.

Has spent 15+ years in Silicon Valley advising founders, executives and investors. Today leads US-based activities for a global internet and content service provider. Previously worked in corporate innovation and consulting. Holds an M.Sc. in Engineering, International Technology Management from Aalborg University.

Co-founder of DANE CAPITAL with more than 20 years in private investments and corporate finance, primarily in the Nordics, with a track record across buyouts, restructurings and growth capital deals. Holds an MBA from Fordham Business School and a bachelor's in Finance from NYU Stern School of Business.

Experienced investor, partner and CFO from venture capital firms, growth companies and larger listed companies, with over 20 years as a C-level executive and board member in tech and managed services. Recently served as General Partner at the Bridge140 fund. Holds a BSc in Finance & Business Administration from Linnaeus University.

Visionary CEO, angel investor, board member, public speaker and futurist from Oslo with 25+ years of management experience, having started 6 companies within business intelligence and AI. CEO of Amesto NextBridge and VP of AI & Robotics for Amesto Group. Holds an MBA from Lancaster University and a BSc from the Norwegian Institute of Management.

Over 15 years of experience in tech startups, beginning with his first e-commerce venture in Slovakia in 2008. Joined Plug and Play in Silicon Valley in 2013 and later established its Berlin office. Now an angel investor. Holds a Master of Laws from Comenius University and studied Software Engineering at CODE University.

The fund's ESG Ambassador on climate technologies, helping validate investment opportunities and improve sustainability factors in portfolio companies. Former CEO of Lithium Balance, and previously VP of technology and marketing at Brüel & Kjær and marketing director at Radiometer Medical.