Investment fund focusing on Healthcare & Software Innovation in the DACH & Nordic Markets
Conducting investment research, financial modelling, valuation work, and sector diligence to form investment decisions.
Nordhavn is a student-led investment fund focusing on public healthcare & software innovation-driven companies in the DACH & Nordics. A clear focus in our target selection lays in high-performing businesses that show a strong potential for growth. Besides our investment research and portfolio practices, we plan to establish regular events with important industry leaders and help our members to build a basis for a great entry & career in the private equity and investment banking market.
Nordhavn is a student-led investment fund focusing on public healthcare & software innovation-driven companies in the DACH & Nordics. A clear focus in our target selection lays in high-performing businesses that show a strong potential for growth. Besides our investment research and portfolio practices, we plan to establish regular events with important industry leaders and help our members to build a basis for a great entry & career in the private equity and investment banking market.
Healthcare & Tech
Sector focus
We focus on innovation-driven Healthcare and Software companies across DACH and the Nordics, prioritizing quality, fundamentals, and long-term growth.
Healthcare & Tech
Sector focus
We focus on innovation-driven Healthcare and Software companies across DACH and the Nordics, prioritizing quality, fundamentals, and long-term growth.
2026
Year of foundation
Founded in 2026, Nordhavn applies institutional-style research processes to identify and evaluate long-term investment opportunities.
2026
Year of foundation
Founded in 2026, Nordhavn applies institutional-style research processes to identify and evaluate long-term investment opportunities.
Student-run
Investment team & committee
Nordhavn is run by a student investment team and committee, using a structured IC process grounded in fundamental analysis, valuation, and risk discipline.
Student-run
Investment team & committee
Nordhavn is run by a student investment team and committee, using a structured IC process grounded in fundamental analysis, valuation, and risk discipline.
Investment focus
Dedication towards selected sectors
Healthcare
We focus on healthcare businesses across providers, care delivery platforms, medical services, and digital health solutions, improving access, efficiency, and patient outcomes.
Lifescience
Software & SaaS
Automation & AI
Investment focus
Dedication towards selected sectors
Healthcare
We focus on healthcare businesses across providers, care delivery platforms, medical services, and digital health solutions, improving access, efficiency, and patient outcomes.
Lifescience
Software & SaaS
Automation & AI
Investment focus
Dedication towards selected sectors
Healthcare
We focus on healthcare businesses across providers, care delivery platforms, medical services, and digital health solutions, improving access, efficiency, and patient outcomes.
Lifescience
Software & SaaS
Automation & AI
"
Starting this journey in late 2025, we set out to explore opportunities in Healthcare and Software innovation…not because they’re “trending,” but because these sectors shape how we live, heal, and work in the world ahead. Investing isn’t just numbers and charts…it’s about believing in people, in innovation, and in the power of dedicated teams to transform industries.
Nicolas Krenz
Founder of Nordhavn & Head of Healthcare Devision
Nicolas Krenz
Co-Founder of Nordhavn
Investment focus
Investment focus
What we do
Investment Research
We perform full-cycle fundamental analysis on public companies, including business model assessment, industry positioning, competitive dynamics, and risk analysis.
Investment Research
We perform full-cycle fundamental analysis on public companies, including business model assessment, industry positioning, competitive dynamics, and risk analysis.
Financial Modeling & Valuation
Each coverage initiation includes detailed financial projections, scenario analysis, and valuation using DCF and trading comparables.
Financial Modeling & Valuation
Each coverage initiation includes detailed financial projections, scenario analysis, and valuation using DCF and trading comparables.
Investment Committee Process
All investment decisions are reviewed through a structured IC framework, emphasizing downside protection, thesis validation, and conviction-weighted positioning.
Investment Committee Process
All investment decisions are reviewed through a structured IC framework, emphasizing downside protection, thesis validation, and conviction-weighted positioning.
Nordhavn in numbers
Nordhavn in numbers
Quantifiable impact
NN%
Lorem ipsum
NN%
Lorem ipsum
NN%
Lorem ipsum
NN%
Lorem ipsum
NN%
Lorem ipsum
NN%
Lorem ipsum
Investment focus
Investment focus
The screening process
Sourcing & First Check
We source investment opportunities through our network, proactive market research, and inbound deal flow. In an initial review, we assess the company’s core offering, positioning, and strategic fit with our investment focus. This stage is designed to quickly identify high-potential opportunities worth taking forward.
Sourcing & First Check
We source investment opportunities through our network, proactive market research, and inbound deal flow. In an initial review, we assess the company’s core offering, positioning, and strategic fit with our investment focus. This stage is designed to quickly identify high-potential opportunities worth taking forward.
"
“Nordic’s IoT solutions represent the leading edge of low power wireless technology and to retain that position it’s critical we maintain continuous access to efficient and powerful embedded microprocessors.”
Nordic Semiconductors
Quoted on website
NN%
Lorem ipsum
"
“Nordic’s IoT solutions represent the leading edge of low power wireless technology and to retain that position it’s critical we maintain continuous access to efficient and powerful embedded microprocessors.”
Nordic Semiconductors
Quoted on website
NN%
Lorem ipsum
Nordics & DACH
Investing in substantial innovation driver
Investing Commitee
Student-run
Healthcare & Tech
Investment Research
Valuation
What companies we cover
Target selection criterias
We source investment opportunities through our network, proactive market research, and inbound deal flow. In an initial review, we assess the company’s core offering, positioning, and strategic fit with our investment focus. This stage is designed to quickly identify high-potential opportunities worth taking forward.
M€ 200+
Market cap
Innovation
High R&D expenses
Moat
Clear industry moat
15%+
Av. revenue yoy growth
10%+
Adj. EBITDA margin
< 3,0
Debt / Equity Ratio
What companies we cover
Target selection criterias
We source investment opportunities through our network, proactive market research, and inbound deal flow. In an initial review, we assess the company’s core offering, positioning, and strategic fit with our investment focus. This stage is designed to quickly identify high-potential opportunities worth taking forward.
M€ 200+
Market cap
Innovation
High R&D expenses
Moat
Clear industry moat
15%+
Av. revenue yoy growth
10%+
Adj. EBITDA margin
< 3,0
Debt / Equity Ratio
What companies we cover
Target selection criterias
We source investment opportunities through our network, proactive market research, and inbound deal flow. In an initial review, we assess the company’s core offering, positioning, and strategic fit with our investment focus. This stage is designed to quickly identify high-potential opportunities worth taking forward.
M€ 200+
Market cap
Innovation
High R&D expenses
Moat
Clear industry moat
15%+
Av. revenue yoy growth
10%+
Adj. EBITDA margin
< 3,0
Debt / Equity Ratio
Target companies
Selected covered companies
Healthcare
Planned coverage
Roche Holding Ltd.
Tech
Planned coverage
Nordic Semiconductor
Lifescience
Planned coverage
Medistim ASA
Target companies
Selected covered companies
Healthcare
Planned coverage
Roche Holding Ltd.
Tech
Planned coverage
Nordic Semiconductor
Lifescience
Planned coverage
Medistim ASA
Target companies
Selected covered companies
Healthcare
Planned coverage
Roche Holding Ltd.
Tech
Planned coverage
Nordic Semiconductor
Lifescience
Planned coverage
Medistim ASA
Investment focus
Our people
Our approach is grounded in fundamental research, disciplined analysis, and a long-term perspective on value creation. By combining academic rigor with real-world market exposure, we aim to build a concentrated portfolio of innovative businesses that demonstrate strong fundamentals, sustainable competitive advantages, and long-term growth potential.
Investment focus
Our people
Our approach is grounded in fundamental research, disciplined analysis, and a long-term perspective on value creation. By combining academic rigor with real-world market exposure, we aim to build a concentrated portfolio of innovative businesses that demonstrate strong fundamentals, sustainable competitive advantages, and long-term growth potential.
Resources
Download report
Introduction to Nordhavn
Stay up to date
Announcements
Open applications for analysts
Applications
Join us
Open applications for senior analysts
Applications
Join us
Founder's welcome notice
News & PR
Tag 01
Welcoming our new instagram account
Social Media
Tag 01
Resources
Download report
Introduction to Nordhavn
Stay up to date
Announcements
Open applications for analysts
Applications
Join us
Open applications for senior analysts
Applications
Join us
Founder's welcome notice
News & PR
Tag 01
Welcoming our new instagram account
Social Media
Tag 01
Hey you, become part of our team
Founded in early 2026, we are looking for our first junior and senior analysts - apply now!
Hey you, become part of our team
Founded in early 2026, we are looking for our first junior and senior analysts - apply now!
