Updated 01 June 2025
Updated 01 June 2025
Updated 01 June 2025
Media Kit
Media Kit
Media Kit
Final Frontier (Space & Defence VC)
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Company type: Venture Capital (VC) Investment Fund
Motto: 🟦🟥🟧🟨 Backing the Visionaries in European Space & Defence
Investing In (Industry): Space and Defence
Investing In (Geography): Europe (EU+UK+Switzerland+Norway)
Investing In (Preferred Stage): Pre-Seed/Seed
Founded: 2024
Headquarters: Copenhagen, Denmark
Key people: Niels Vejrup Carlsen, Martin Majercin, Ulrik Jørring, Dan Hermansen, Niels Buus, Christian Andersen
Notable supporters: Anders Fogh Rasmussen, Michael Holm, Christian Herskind, Nicolaj Højer Nielsen, Sebastian A. Thomsen, Mads Peter Veiby
Capital under management: €4.5M (2025)
Website: www.finalfrontier.vc
Social Media: LinkedIn, X (Twitter), YouTube, Instagram
Introduction
Final Frontier is a Danish venture capital (VC) fund formed in 2024 and based in Copenhagen. The fund invests in European startups specialising in space and defence technologies, with €4.5 million in Capital under Management as of May 2025 [1].
Founded by Niels Vejrup Carlsen with founding member Martin Majercin [2], Final Frontier focuses on pre-seed and seed-stage investments across the European space and defence value chain, with particular emphasis on the New Nordic region (Nordics and Baltics) [3][4].
Notable investors include Anders Fogh Rasmussen (former NATO Secretary General and Prime Minister of Denmark), Michael Holm (Founder of Systematic), Dan Hermansen (Founder and CEO of MyDefence), Ulrik Jørring (Partner at Nordic Alpha Partners [5] ), Christian Herskind (Brigadier General of the Danish Reserve) [6], Nicolaj Højer Nielsen (serial entrepreneur and angel investor who has been building startups since 1999) [7], Sebastian A. Thomsen (former deployment specialist at Palantir Technologies) [8] and Mads Peter Veiby (serial entrepreneur who co-founded and sold mobile company M1 A/S for 170 million DKK).
History
Final Frontier was established in early 2024 by Niels Vejrup Carlsen, with Martin Majercin joining as a founding member [2].
The fund was established in response to Europe's changing security landscape following the Ukraine conflict and the need for greater European strategic autonomy in defence capabilities [2].
Prior to Final Frontier Niels was with Seed Capital (Denmark's largest seed stage venture capital fund investing in technology companies) [9] for 17 years where he led investments in successful Danish startups including Trustpilot, Vivino, and Lunar [10]. Martin contributed his experience as a serial entrepreneur who has been starting companies since age 14. Martin's background includes his involvement with Norway's first commercial space agency, as well as his work creating Rockets and Radars (the continent's largest library of space and defence founder stories) and active involvement in the Nordic startup ecosystem [2][11].
In late 2024, Final Frontier announced plans to raise €150 million to invest in European space and defence startups [10].
In early 2025, Final Frontier adopted a dual-track fundraising strategy [12]. The first track focused on quickly raising an initial micro VC fund from angel investors and small family offices to demonstrate the commercial viability and strategic relevance of startup investments in the space and defence sector amid Europe's geopolitical challenges.
Simultaneously, the second track targeted larger family offices and institutional investors for a more substantial fund, acknowledging the longer decision-making processes and ongoing reluctance within institutional circles regarding defence-related investments [13].
This strategy proved successful when in May 2025, Final Frontier successfully raised its micro fund of €4.5 million, named "Final Frontier LiftOff," described as "a small fund raised exclusively with capital from visionary angel investors and strong defence profiles to get started quickly [6]."
Looking ahead, Final Frontier plans to raise a significantly larger fund in 2026, targeting participation from institutional investors and pension funds. "We want to appeal to pension funds and large fund investors to get involved in this agenda," Niels has stated [1].
Investment Philosophy
Final Frontier's investment thesis is built on the belief that Europe must reclaim its position as a global leader in space and defence to maintain strategic autonomy. The fund's manifesto, "Europe Once Led the World. It's Time to Lead Again," articulates this vision, arguing that Europe has traded ambition for comfort, innovation for regulation, and talking over doing, becoming a spectator while other powers race to build the future [4].
The fund advocates for adding defence considerations to Environmental, Social, and Governance (ESG) investment criteria, arguing that security should be considered alongside environmental and social goals. This concept, referred to as "putting D into ESG," proposes that Europe must elevate defence to equal status alongside existing environmental and social priorities [4].
The fund frames this as an ethical imperative, arguing that "the most ethical thing right now is to invest in technology that can protect democracy [2]."
Final Frontier emphasizes the strategic importance of space, noting that control of assets in orbit is becoming as crucial as historical control of seas, hilltops, and skies. The fund highlights how space assets have become critical national infrastructure, arguing that European strategic autonomy depends on the ability to produce, control, replace, and maintain these assets independently [4].
The fund has identified the New Nordic region as uniquely positioned to lead in these sectors, citing its history of producing more tech unicorns per capita than anywhere of Silicon Valley, transparent societies with highly educated talent pools, tradition of open discourse, maritime heritage, understanding of Arctic operations, and strategic geopolitical position bordering Russia [4].
Investment Strategy
Final Frontier focuses on pre-seed and seed-stage investments across the European continent, with particular emphasis on the New Nordic region. The fund targets startups building technologies across the entire space and defence value chain, including satellite systems, propulsion systems, drone technologies, cybersecurity, and autonomous platforms [3][4].
The firm's investment criteria target:
European-based startups building critical technologies for defence, resilience, and space
Teams challenging established contractors with innovative approaches
Companies with working prototypes rather than research projects
Pre-seed and seed stage companies where the fund can provide significant value [3][4]
Team
Final Frontier's core team consists of:
Niels Vejrup Carlsen (General Partner): Former engineer and venture capitalist with 17 years at SEED Capital
Martin Majercin (Platform): Serial entrepreneur, contributor to Norway's first commercial space agency, and creator of Rockets and Radars (the continent's largest library of space and defence founder stories)
The fund's advisory board includes:
Ulrik Jørring: Partner at Nordic Alpha Partners and former Director of VC investments at Vækstfonden
Dan Hermansen: Former officer in the Royal Danish Airforce with over 15 years in management and engineering
Niels Buus: Former founder and CEO of GomSpace (a publicly traded European space company) with executive-level experience in spacetech commercialization. Offers strong technical networks in both defence and space sectors across Europe.
Christian Andersen: Defence business development and procurement authority with more than 30 senior years of operational, leadership and logistics experience from the Danish Army, Navy and Special Forces [11]
Notable Investor Perspective
Notable Investor Perspective
Former NATO Secretary General Anders Fogh Rasmussen (one of the investors in Final Frontier) has emphasized the strategic imperative behind the fund: "It’s time to act. As I have said repeatedly, developing a strong and resilient defence industry also requires private capital. That’s why I’m actively supporting Final Frontier as an investor [1]."
Final Frontier
(Space & Defence VC)
Scroll down to see References and to download official Images and a Video
By accessing this repository, you acknowledge and agree to our Usage Rights & Licence terms.
Access MediaKit on Github
Access Archive of All Press Releases
Access Archive of All Media Coverage
Company type: Venture Capital (VC) Investment Fund
Motto: 🟦🟥🟧🟨 Backing the Visionaries in European Space & Defence
Investing In (Industry): Space and Defence
Investing In (Geography): Europe (EU+UK+Switzerland+Norway)
Investing In (Preferred Stage): Pre-Seed/Seed
Founded: 2024
Headquarters: Copenhagen, Denmark
Key people: Niels Vejrup Carlsen, Martin Majercin, Ulrik Jørring, Dan Hermansen, Niels Buus, Christian Andersen
Notable supporters: Anders Fogh Rasmussen, Michael Holm, Christian Herskind, Nicolaj Højer Nielsen, Sebastian A. Thomsen, Mads Peter Veiby
Capital under management: €4.5M (2025)
Website: www.finalfrontier.vc
Social Media: LinkedIn, X (Twitter), YouTube, Instagram
Introduction
Final Frontier is a Danish venture capital (VC) fund formed in 2024 and based in Copenhagen. The fund invests in European startups specialising in space and defence technologies, with €4.5 million in Capital under Management as of May 2025 [1].
Founded by Niels Vejrup Carlsen with founding member Martin Majercin [2], Final Frontier focuses on pre-seed and seed-stage investments across the European space and defence value chain, with particular emphasis on the New Nordic region (Nordics and Baltics) [3][4].
Notable investors include Anders Fogh Rasmussen (former NATO Secretary General and Prime Minister of Denmark), Michael Holm (Founder of Systematic), Dan Hermansen (Founder and CEO of MyDefence), Ulrik Jørring (Partner at Nordic Alpha Partners [5] ), Christian Herskind (Brigadier General of the Danish Reserve) [6], Nicolaj Højer Nielsen (serial entrepreneur and angel investor who has been building startups since 1999) [7], Sebastian A. Thomsen (former deployment specialist at Palantir Technologies) [8] and Mads Peter Veiby (serial entrepreneur who co-founded and sold mobile company M1 A/S for 170 million DKK).
History
Final Frontier was established in early 2024 by Niels Vejrup Carlsen, with Martin Majercin joining as a founding member [2].
The fund was established in response to Europe's changing security landscape following the Ukraine conflict and the need for greater European strategic autonomy in defence capabilities [2].
Prior to Final Frontier Niels was with Seed Capital (Denmark's largest seed stage venture capital fund investing in technology companies) [9] for 17 years where he led investments in successful Danish startups including Trustpilot, Vivino, and Lunar [10]. Martin contributed his experience as a serial entrepreneur who has been starting companies since age 14. Martin's background includes his involvement with Norway's first commercial space agency, as well as his work creating Rockets and Radars (the continent's largest library of space and defence founder stories) and active involvement in the Nordic startup ecosystem [2][11].
In late 2024, Final Frontier announced plans to raise €150 million to invest in European space and defence startups [10].
In early 2025, Final Frontier adopted a dual-track fundraising strategy [12]. The first track focused on quickly raising an initial micro VC fund from angel investors and small family offices to demonstrate the commercial viability and strategic relevance of startup investments in the space and defence sector amid Europe's geopolitical challenges.
Simultaneously, the second track targeted larger family offices and institutional investors for a more substantial fund, acknowledging the longer decision-making processes and ongoing reluctance within institutional circles regarding defence-related investments [13].
This strategy proved successful when in May 2025, Final Frontier successfully raised its micro fund of €4.5 million, named "Final Frontier LiftOff," described as "a small fund raised exclusively with capital from visionary angel investors and strong defence profiles to get started quickly [6]."
Looking ahead, Final Frontier plans to raise a significantly larger fund in 2026, targeting participation from institutional investors and pension funds. "We want to appeal to pension funds and large fund investors to get involved in this agenda," Niels has stated [1].
Investment Philosophy
Final Frontier's investment thesis is built on the belief that Europe must reclaim its position as a global leader in space and defence to maintain strategic autonomy. The fund's manifesto, "Europe Once Led the World. It's Time to Lead Again," articulates this vision, arguing that Europe has traded ambition for comfort, innovation for regulation, and talking over doing, becoming a spectator while other powers race to build the future [4].
The fund advocates for adding defence considerations to Environmental, Social, and Governance (ESG) investment criteria, arguing that security should be considered alongside environmental and social goals. This concept, referred to as "putting D into ESG," proposes that Europe must elevate defence to equal status alongside existing environmental and social priorities [4].
The fund frames this as an ethical imperative, arguing that "the most ethical thing right now is to invest in technology that can protect democracy [2]."
Final Frontier emphasizes the strategic importance of space, noting that control of assets in orbit is becoming as crucial as historical control of seas, hilltops, and skies. The fund highlights how space assets have become critical national infrastructure, arguing that European strategic autonomy depends on the ability to produce, control, replace, and maintain these assets independently [4].
The fund has identified the New Nordic region as uniquely positioned to lead in these sectors, citing its history of producing more tech unicorns per capita than anywhere of Silicon Valley, transparent societies with highly educated talent pools, tradition of open discourse, maritime heritage, understanding of Arctic operations, and strategic geopolitical position bordering Russia [4].
Investment Strategy
Final Frontier focuses on pre-seed and seed-stage investments across the European continent, with particular emphasis on the New Nordic region. The fund targets startups building technologies across the entire space and defence value chain, including satellite systems, propulsion systems, drone technologies, cybersecurity, and autonomous platforms [3][4].
The firm's investment criteria target:
European-based startups building critical technologies for defence, resilience, and space
Teams challenging established contractors with innovative approaches
Companies with working prototypes rather than research projects
Pre-seed and seed stage companies where the fund can provide significant value [3][4]
Team
Final Frontier's core team consists of:
Niels Vejrup Carlsen (General Partner): Former engineer and venture capitalist with 17 years at SEED Capital
Martin Majercin (Platform): Serial entrepreneur, contributor to Norway's first commercial space agency, and creator of Rockets and Radars (the continent's largest library of space and defence founder stories)
The fund's advisory board includes:
Ulrik Jørring: Partner at Nordic Alpha Partners and former Director of VC investments at Vækstfonden
Dan Hermansen: Former officer in the Royal Danish Airforce with over 15 years in management and engineering
Niels Buus: Former founder and CEO of GomSpace (a publicly traded European space company) with executive-level experience in spacetech commercialization. Offers strong technical networks in both defence and space sectors across Europe.
Christian Andersen: Defence business development and procurement authority with more than 30 senior years of operational, leadership and logistics experience from the Danish Army, Navy and Special Forces [11]
Notable Investor Perspective
Notable Investor Perspective
Former NATO Secretary General Anders Fogh Rasmussen (one of the investors in Final Frontier) has emphasized the strategic imperative behind the fund: "It’s time to act. As I have said repeatedly, developing a strong and resilient defence industry also requires private capital. That’s why I’m actively supporting Final Frontier as an investor [1]."
Final Frontier (Space & Defence VC)
Scroll down to see References and to download official Images and a Video
By accessing this repository, you acknowledge and agree to our Usage Rights & Licence terms.
Access MediaKit on Github
Access Archive of All Press Releases
Access Archive of All Media Coverage
Company type: Venture Capital (VC) Investment Fund
Motto: 🟦🟥🟧🟨 Backing the Visionaries in European Space & Defence
Investing In (Industry): Space and Defence
Investing In (Geography): Europe (EU+UK+Switzerland+Norway)
Investing In (Preferred Stage): Pre-Seed/Seed
Founded: 2024
Headquarters: Copenhagen, Denmark
Key people: Niels Vejrup Carlsen, Martin Majercin, Ulrik Jørring, Dan Hermansen, Niels Buus, Christian Andersen
Notable supporters: Anders Fogh Rasmussen, Michael Holm, Christian Herskind, Nicolaj Højer Nielsen, Sebastian A. Thomsen, Mads Peter Veiby
Capital under management: €4.5M (2025)
Website: www.finalfrontier.vc
Social Media: LinkedIn, X (Twitter), YouTube, Instagram
Introduction
Final Frontier is a Danish venture capital (VC) fund formed in 2024 and based in Copenhagen. The fund invests in European startups specialising in space and defence technologies, with €4.5 million in Capital under Management as of May 2025 [1].
Founded by Niels Vejrup Carlsen with founding member Martin Majercin [2], Final Frontier focuses on pre-seed and seed-stage investments across the European space and defence value chain, with particular emphasis on the New Nordic region (Nordics and Baltics) [3][4].
Notable investors include Anders Fogh Rasmussen (former NATO Secretary General and Prime Minister of Denmark), Michael Holm (Founder of Systematic), Dan Hermansen (Founder and CEO of MyDefence), Ulrik Jørring (Partner at Nordic Alpha Partners [5] ), Christian Herskind (Brigadier General of the Danish Reserve) [6], Nicolaj Højer Nielsen (serial entrepreneur and angel investor who has been building startups since 1999) [7], Sebastian A. Thomsen (former deployment specialist at Palantir Technologies) [8] and Mads Peter Veiby (serial entrepreneur who co-founded and sold mobile company M1 A/S for 170 million DKK).
History
Final Frontier was established in early 2024 by Niels Vejrup Carlsen, with Martin Majercin joining as a founding member [2].
The fund was established in response to Europe's changing security landscape following the Ukraine conflict and the need for greater European strategic autonomy in defence capabilities [2].
Prior to Final Frontier Niels was with Seed Capital (Denmark's largest seed stage venture capital fund investing in technology companies) [9] for 17 years where he led investments in successful Danish startups including Trustpilot, Vivino, and Lunar [10]. Martin contributed his experience as a serial entrepreneur who has been starting companies since age 14. Martin's background includes his involvement with Norway's first commercial space agency, as well as his work creating Rockets and Radars (the continent's largest library of space and defence founder stories) and active involvement in the Nordic startup ecosystem [2][11].
In late 2024, Final Frontier announced plans to raise €150 million to invest in European space and defence startups [10].
In early 2025, Final Frontier adopted a dual-track fundraising strategy [12]. The first track focused on quickly raising an initial micro VC fund from angel investors and small family offices to demonstrate the commercial viability and strategic relevance of startup investments in the space and defence sector amid Europe's geopolitical challenges.
Simultaneously, the second track targeted larger family offices and institutional investors for a more substantial fund, acknowledging the longer decision-making processes and ongoing reluctance within institutional circles regarding defence-related investments [13].
This strategy proved successful when in May 2025, Final Frontier successfully raised its micro fund of €4.5 million, named "Final Frontier LiftOff," described as "a small fund raised exclusively with capital from visionary angel investors and strong defence profiles to get started quickly [6]."
Looking ahead, Final Frontier plans to raise a significantly larger fund in 2026, targeting participation from institutional investors and pension funds. "We want to appeal to pension funds and large fund investors to get involved in this agenda," Niels has stated [1].
Investment Philosophy
Final Frontier's investment thesis is built on the belief that Europe must reclaim its position as a global leader in space and defence to maintain strategic autonomy. The fund's manifesto, "Europe Once Led the World. It's Time to Lead Again," articulates this vision, arguing that Europe has traded ambition for comfort, innovation for regulation, and talking over doing, becoming a spectator while other powers race to build the future [4].
The fund advocates for adding defence considerations to Environmental, Social, and Governance (ESG) investment criteria, arguing that security should be considered alongside environmental and social goals. This concept, referred to as "putting D into ESG," proposes that Europe must elevate defence to equal status alongside existing environmental and social priorities [4].
The fund frames this as an ethical imperative, arguing that "the most ethical thing right now is to invest in technology that can protect democracy [2]."
Final Frontier emphasizes the strategic importance of space, noting that control of assets in orbit is becoming as crucial as historical control of seas, hilltops, and skies. The fund highlights how space assets have become critical national infrastructure, arguing that European strategic autonomy depends on the ability to produce, control, replace, and maintain these assets independently [4].
The fund has identified the New Nordic region as uniquely positioned to lead in these sectors, citing its history of producing more tech unicorns per capita than anywhere of Silicon Valley, transparent societies with highly educated talent pools, tradition of open discourse, maritime heritage, understanding of Arctic operations, and strategic geopolitical position bordering Russia [4].
Investment Strategy
Final Frontier focuses on pre-seed and seed-stage investments across the European continent, with particular emphasis on the New Nordic region. The fund targets startups building technologies across the entire space and defence value chain, including satellite systems, propulsion systems, drone technologies, cybersecurity, and autonomous platforms [3][4].
The firm's investment criteria target:
European-based startups building critical technologies for defence, resilience, and space
Teams challenging established contractors with innovative approaches
Companies with working prototypes rather than research projects
Pre-seed and seed stage companies where the fund can provide significant value [3][4]
Team
Final Frontier's core team consists of:
Niels Vejrup Carlsen (General Partner): Former engineer and venture capitalist with 17 years at SEED Capital
Martin Majercin (Platform): Serial entrepreneur, contributor to Norway's first commercial space agency, and creator of Rockets and Radars (the continent's largest library of space and defence founder stories)
The fund's advisory board includes:
Ulrik Jørring: Partner at Nordic Alpha Partners and former Director of VC investments at Vækstfonden
Dan Hermansen: Former officer in the Royal Danish Airforce with over 15 years in management and engineering
Niels Buus: Former founder and CEO of GomSpace (a publicly traded European space company) with executive-level experience in spacetech commercialization. Offers strong technical networks in both defence and space sectors across Europe.
Christian Andersen: Defence business development and procurement authority with more than 30 senior years of operational, leadership and logistics experience from the Danish Army, Navy and Special Forces [11]
Notable Investor Perspective
Notable Investor Perspective
Former NATO Secretary General Anders Fogh Rasmussen (one of the investors in Final Frontier) has emphasized the strategic imperative behind the fund: "It’s time to act. As I have said repeatedly, developing a strong and resilient defence industry also requires private capital. That’s why I’m actively supporting Final Frontier as an investor [1]."
References
"Final Frontier launches €4.5M fund backed by former Danish PM". siliconcanals.com. 2025-05-07. Retrieved 2025-05-24.
Jacobsen, Joakim Birkeli (2025-05-16). "(+) Nå skal pasifisten fra gründermiljøet i Norge investere i europeisk forsvarsteknologi". www.shifter.no (in Norwegian Bokmål). Retrieved 2025-05-24.
"Final Frontier". finalfrontier.vc. Retrieved 2025-05-24.
"Manifesto". finalfrontier.vc. Retrieved 2025-05-24.
"Nordic Alpha Partners rakes in tidy profit on first fund". amwatch.com. 2022-04-20. Retrieved 2025-05-24.
"Former NATO Secretary backs Final Frontier's defencetech Fund". Tech.eu. 2025-05-07. Retrieved 2025-05-24.
"I'm happy to share that I'm starting a new position as LP at Final… | Nicolaj Højer Nielsen | 20 comments". www.linkedin.com. Retrieved 2025-05-24.
"LinkedIn URL". LinkedIn. Retrieved 2025-05-24.
"Seed Capital investor portfolio, rounds & team". Dealroom.co. Retrieved 2025-05-24.
"Niels Vejrup Carlsen launches Final Frontier: Denmark's first aerospace and defence VC Fund". Tech.eu. 2024-10-02. Retrieved 2025-05-24.
"Team". finalfrontier.vc. Retrieved 2025-05-24.
"Ventureinvestor vil hurtigt i gang med investeringer i forsvar: "Markedet er ved at eksplodere lige nu"". kapwatch.dk (in Danish). 2025-03-10. Retrieved 2025-05-24.
"Ventureinvestor vil hurtigt i gang med investeringer i forsvar: "Markedet… | KapitalWatch". dk.linkedin.com. Retrieved 2025-05-24.
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