Abbas Kazmi of BlackWood Ventures' investment committee interviewed Sam Altman, co-founder and CEO of OpenAI. BlackWood's CEO Bastian R. Larsen summarizes the main points from the interview.

"Blackwood Ventures has invested in seven companies across five countries in just a few months after the first closing of a new fund. “We have entered at very attractive valuations,” says CEO Bastian Larsen."

BlackWood Ventures Fund I celebrates its first close at $10 Million in just four months of fundraising to capitalize on current market opportunities. "We are thrilled to have reached the first close of BlackWood Ventures Fund I," said Bastian R. Larsen, Founder and CEO of BlackWood. "The support from our investors, who are highly professional and experienced, is a testament to our vision and the strength of our team. With this fund, we are well-positioned to invest in the most promising startups in Europe and help them achieve their full potential.”

Since launching, Blackwood has established more than 70 partnerships with leading incubators and accelerators.

Bastian Larsen has worked internationally for the hedge fund BlackRock before he started BlackWood with Thomas Derambure in 2021. The new fund's team includes, among others, Bo Koch-Christensen, formerly of TechBBQ, and works with 70 European partners in accelerators, etc. And with private investors/Business Angels, including a new agreement with DanBAN

Despite more cautious investors globally, the venture fund Blackwood Ventures has entered the market with an ambition to raise a nine-figure sum for new investments. The goal is one to three investments per month

Heavyweight finance guys are behind a new Danish venture fund, which will invest in tech companies in their early stages.

Derived from our first BlackWood Lab session with HEC Paris Professor Rodolphe Durand, this white paper describes the impact of Purpose-based management on the intrinsic performance of startups.

Due diligence "DD" is fundamental to the investment process. It exists because as investors and human beings, we are usually attracted to startups based on the idea, the ambition, and the excitement that founders communicate during their pitches.