Ugly Duckling Ventures is a venture capital firm based in Copenhagen, Denmark, founded in 2021. They focus on providing capital, know-how, and real-world application to Nordic ventures at the seed and pre-seed stages, emphasizing operational involvement to prepare early-stage companies for scaling.

The firm has invested in 17 companies, including Eupry, Unioo, and YOGO, across various industries such as electronic equipment and instruments, and business/productivity software. They prioritize building strong relationships with founders, valuing transparency and direct communication.