Delphinus Venture Capital Launches €80 Million Evergreen Fund to Support Research-Driven Startups in Aarhus

– Aarhus-based Delphinus Venture Capital launched with €80 million to invest in research-focused startups from pre-Seed to scale-up.

– The fund is structured as an evergreen, enabling long-term commitment and flexibility in investments.

– Joint venture between Aarhus University Research Foundation, Heartland, Norlys, and Salling Group.

Mathias Brink Lorenz appointed CEO of the fund.

– Mathias Brink Lorenz, CEO: “Innovation takes time, courage and capital. Unlike traditional venture funds, Delphinus has been intentionally set up with a structure that enables long-term commitment and flexibility
in our investments.”

Brian Bech Nielsen, Chair, Aarhus University Research Foundation board and rector of Aarhus University: “This unique partnership being created in our region will ensure that research ideas are transformed into sustainable, commercially viable companies. Speaking for the university, I’m particularly excited that this major backing will give even more researchers the chance to finance their entrepreneurial ideas.”

– Name inspired by dolphins in Aarhus University’s seal; headquarters in Aarhus to stay close to research and innovation hubs.

– Official launch celebration set for 17 September.

– Brings international VC experience, most recently as Investment Director at European Circular Bioeconomy Fund (ECBF) in Germany.

– Fund aims to transform research ideas into sustainable, commercially viable companies – from proof-of-concept to market launch.

– AU researchers gain greater opportunities to finance entrepreneurial projects.

– Partners HEARTLAND, Norlys, and Salling Group bring broader business-oriented perspectives to complement academic strengths.

– Lise Kaae, HEARTLAND CEO: proud to support, sees potential in improving long-term, locally anchored financing.

Anne Mette Aaby Aaes, Norlys, CFO: patient investment approach, focus on developing future solutions and creating research-intensive jobs in East Jutland.

Andreas Møballe, Salling Group: aligns with group’s innovation ambitions, committed to supporting entrepreneurs and regional innovation ecosystem.

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