Vaekstfonden is a principal investment firm specializing in direct and fund of fund investments. The firm invests through five groups: Life Science Ventures, Growth capital, fund of funds, Technology ventures, and Need driven venture. Life Science Ventures specializes in seed and early stage investments in Life Science companies located in Denmark. The group invests in biopharmaceuticals, biotechnology, medical devices, diagnostics, nutraceuticals, and agro-biotechnology. It seeks to make equity investments and take ownership stake of not more than 25%. Need-Driven Ventures invests in solutions to important business needs. Fund of Funds invests in venture funds focusing on small and medium enterprises. Technology venture specializes in investments in early stage technology companies. The group invests in firms based in Denmark. It seeks to invest up to 25% of the share capital. Vaekstfonden was established in 1992 and is based in Hallerup, Denmark.