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TRACXN TOP BUSINESS MODELS REPORT
March 04, 2022
DENMARK TECH
Denmark Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
DenmarkDenmark Tech Funding
Overview
3
Top Funded Business Models 4
One Pagers 9
Appendix 59
2
Denmark Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Funding in last 1 year
3
Finance & Accounting Tech $788M
Dermatology $585M
Energy Storage Tech $263M
Customer Service Software $125M
Neurology $121M
Enterprise Information
Management
$101M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
PreSeed Ventures
Growth Fund
Y Combinator
7
6
3
Early
Stage
Growth Fund
Headline
Byfounders
5
4
3
Late
Stage
Kinnevik
Seedcamp
Bain Capital Ventures
3
2
2
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
LEO Pharma
(1908, Copenhagen)
$537M - PE
Lunar
(2015, Aarhus)
$249M - Series D
GreenHydrogen
(2007, Kolding)
$229M - Series C
Tradeshift
(2010, Copenhagen)
$200M - Series F
Tradeshift
(2010, Copenhagen)
$200M - Series F
Pleo
(2015, Copenhagen)
$200M - Series C
Lunar
(2015, Aarhus)
$176M - Series D
Pleo
(2015, Copenhagen)
$150M - Series C
ViaBill
(2014, Risskov)
$120M - Series B
Dixa
(2015, Copenhagen)
$105M - Series C
Podimo
(2019, Copenhagen)
$78.0M - Series B
Muna Therapeutics
(2020, Copenhagen)
$73.0M - Series A
Copenhagen (68%)
Aarhus (14%)
Kolding (7%)
Risskov (3%)
Odense (2%)
Others (6%)
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Denmark Tech - Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1-- B2B E-Commerce Software Suite $400M 2 Tradeshift | $200M | Series F Link
2-- Accounts Payable and Receivable Management $400M 2 Tradeshift | $200M | Series F Link
3-- Supply Chain Financing $400M 2 Tradeshift | $200M | Series F Link
4-- Corporate Travel Expense Management $350M 2 Pleo | $200M | Series C Link
5-- Corporate Travel & Expense Cards $350M 2 Pleo | $200M | Series C Link
6-- Internet First Corporate Credit Card Issuers $350M 2 Pleo | $200M | Series C Link
7▲10 Alkaline Electrolyzers $229M 1 GreenHydrogen | $229M | Series C Link
8-- Internet First Point of Sale Financing $120M 1 ViaBill | $120M | Series B Link
9▲2 Podcast Aggregators $78.0M 1 Podimo | $78.0M | Series B Link
10-- Neurodegenerative Disorders Drugs $73.0M 1 Muna Therape.. | $73.0M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Denmark Tech - Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11-- Automated Testing Tools $68.3M 2 Leapwork | $62.0M | Series B Link
12-- IT Ops Automation $68.3M 2 Leapwork | $62.0M | Series B Link
13-- IT Automation $68.3M 2 Leapwork | $62.0M | Series B Link
14▼13 Drugs for Multiple Cancer Types $61.6M 1 Adcendo | $61.6M | Series A Link
15▲66 Online Storefront for Individual Coaches $61.0M 1 Lenus | $61.0M | Series A Link
16<> 0 Document Template Management $60.0M 1 Templafy | $60.0M | Series D Link
17-- Professional Service Robots $51.0M 1 Blue Ocean R.. | $51.0M | Series B Link
18-- Neuromuscular Disorder Drugs $48.1M 2 NMD Pharma | $39.6M | Series B Link
19-- Aesthetic Medicines $45.0M 2 CytoKi Pharma | $45.0M | Series A Link
20-- Wound Healing Drugs $45.0M 2 CytoKi Pharma | $45.0M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Denmark Tech - Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21▲171 Carbon Offset Trading $34.3M 5 Agreena | $22.7M | Series A Link
22▲8 Contract Lifecycle Management $30.0M 1 Contractbook | $30.0M | Series B Link
23▲6 Nuclear Imaging Devices $30.0M 1 MedTrace | $30.0M | Series B Link
24--
Healthcare IT > Value Based Care > Care
Coordination > Care Planning & Management >
Emergency
$27.0M 1 Corti | $27.0M | Series A Link
25-- Voice Assistants for Doctors $27.0M 1 Corti | $27.0M | Series A Link
26--
Healthcare IT > Provider > Clinical Operations >
Decision Support > Suite Solutions > Generic
$25.0M 1 Dawn Health | $25.0M | Series B Link
27▲71
Internet First Banks for Businesses with Partner
Bank's License
$22.5M 1 kompasbank | $22.5M | Series A Link
28▲105 Pre School Management Software $18.0M 1 Famly | $18.0M | Series A Link
29▲105 Pre School Management Software $18.0M 1 Famly | $18.0M | Series A Link
30▲105 ERP for Schools $18.0M 1 Famly | $18.0M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Denmark Tech - Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31▲105 School Management Software $18.0M 1 Famly | $18.0M | Series A Link
32-- Enterprise Search $17.9M 1 Raffle | $17.9M | Series A Link
33-- Knowledge Management $17.9M 1 Raffle | $17.9M | Series A Link
34-- Knowledge Management $17.9M 1 Raffle | $17.9M | Series A Link
35--
Electric Vehicle Charging Station Management
Software
$17.0M 1 Monta | $17.0M | Series A Link
36▼4 Direct Methanol Fuel Cells $16.9M 1 Blue World T.. | $16.9M | Series B Link
37▼15 eSports Tournament Organizers $16.3M 1 BLAST Premier | $16.3M | Series A Link
38-- Online Skin Care Products Retailers $15.9M 1 HelloSkin | $15.9M | Series A Link
39▲81 Life Sciences Research Services $15.4M 2 Unibio | $15.0M | Series D Link
40-- Trading & Investment Compliance $15.0M 1 Shield | $15.0M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Denmark Tech - Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41-- Master Data Management $15.0M 1 CluedIn | $15.0M | Series A Link
42▼1 Indoor Navigation Systems $13.8M 1 MapsPeople | $13.8M | Series B Link
43▲52 Online Ordering Solutions $12.7M 1 OrderYOYO | $12.7M | Series B Link
44-- White Label Prepaid Cards Solutions $9.5M 1 Cardlay | $9.5M | Series B Link
45-- Surgical Navigation Systems $9.0M 1 FluoGuide | $9.0M | Series B Link
46-- Cancer Surgery Navigation Devices $9.0M 1 FluoGuide | $9.0M | Series B Link
47-- Content Publishing Platforms $8.8M 1 Umbraco | $8.8M | Seed Link
48-- P2P Intercity Car Rentals $8.8M 1 GoMore | $8.8M | Series A Link
49▼44 Anti Bacterial Drugs $8.8M 2 BACTOLIFE | $8.4M | Seed Link
50--
Online Beauty and Personal Care Products
Subscription Retailers
$7.6M 1 Goodiebox | $7.6M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Denmark Tech - Top Funded Business Models - last 1 year (2/5)
9
Rank Business Model $ Funding # Rounds Top Funding Round Details
11-- Automated Testing Tools $68.3M 2 Leapwork | $62.0M | Series B Link
12-- IT Ops Automation $68.3M 2 Leapwork | $62.0M | Series B Link
13-- IT Automation $68.3M 2 Leapwork | $62.0M | Series B Link
14▼13 Drugs for Multiple Cancer Types $61.6M 1 Adcendo | $61.6M | Series A Link
15▲66 Online Storefront for Individual Coaches $61.0M 1 Lenus | $61.0M | Series A Link
16<> 0 Document Template Management $60.0M 1 Templafy | $60.0M | Series D Link
17-- Professional Service Robots $51.0M 1 Blue Ocean R.. | $51.0M | Series B Link
18-- Neuromuscular Disorder Drugs $48.1M 2 NMD Pharma | $39.6M | Series B Link
19-- Aesthetic Medicines $45.0M 2 CytoKi Pharma | $45.0M | Series A Link
20-- Wound Healing Drugs $45.0M 2 CytoKi Pharma | $45.0M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Denmark Tech - Top Funded Business Models - last 1 year (3/5)
10
Rank Business Model $ Funding # Rounds Top Funding Round Details
21▲171 Carbon Offset Trading $34.3M 5 Agreena | $22.7M | Series A Link
22▲8 Contract Lifecycle Management $30.0M 1 Contractbook | $30.0M | Series B Link
23▲6 Nuclear Imaging Devices $30.0M 1 MedTrace | $30.0M | Series B Link
24--
Healthcare IT > Value Based Care > Care
Coordination > Care Planning & Management >
Emergency
$27.0M 1 Corti | $27.0M | Series A Link
25-- Voice Assistants for Doctors $27.0M 1 Corti | $27.0M | Series A Link
26--
Healthcare IT > Provider > Clinical Operations >
Decision Support > Suite Solutions > Generic
$25.0M 1 Dawn Health | $25.0M | Series B Link
27▲71
Internet First Banks for Businesses with Partner
Bank's License
$22.5M 1 kompasbank | $22.5M | Series A Link
28▲105 Pre School Management Software $18.0M 1 Famly | $18.0M | Series A Link
29▲105 Pre School Management Software $18.0M 1 Famly | $18.0M | Series A Link
30▲105 ERP for Schools $18.0M 1 Famly | $18.0M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Denmark Tech - Top Funded Business Models - last 1 year (4/5)
11
Rank Business Model $ Funding # Rounds Top Funding Round Details
31▲105 School Management Software $18.0M 1 Famly | $18.0M | Series A Link
32-- Enterprise Search $17.9M 1 Raffle | $17.9M | Series A Link
33-- Knowledge Management $17.9M 1 Raffle | $17.9M | Series A Link
34-- Knowledge Management $17.9M 1 Raffle | $17.9M | Series A Link
35--
Electric Vehicle Charging Station Management
Software
$17.0M 1 Monta | $17.0M | Series A Link
36▼4 Direct Methanol Fuel Cells $16.9M 1 Blue World T.. | $16.9M | Series B Link
37▼15 eSports Tournament Organizers $16.3M 1 BLAST Premier | $16.3M | Series A Link
38-- Online Skin Care Products Retailers $15.9M 1 HelloSkin | $15.9M | Series A Link
39▲81 Life Sciences Research Services $15.4M 2 Unibio | $15.0M | Series D Link
40-- Trading & Investment Compliance $15.0M 1 Shield | $15.0M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Denmark Tech - Top Funded Business Models - last 1 year (5/5)
12
Rank Business Model $ Funding # Rounds Top Funding Round Details
41-- Master Data Management $15.0M 1 CluedIn | $15.0M | Series A Link
42▼1 Indoor Navigation Systems $13.8M 1 MapsPeople | $13.8M | Series B Link
43▲52 Online Ordering Solutions $12.7M 1 OrderYOYO | $12.7M | Series B Link
44-- White Label Prepaid Cards Solutions $9.5M 1 Cardlay | $9.5M | Series B Link
45-- Surgical Navigation Systems $9.0M 1 FluoGuide | $9.0M | Series B Link
46-- Cancer Surgery Navigation Devices $9.0M 1 FluoGuide | $9.0M | Series B Link
47-- Content Publishing Platforms $8.8M 1 Umbraco | $8.8M | Seed Link
48-- P2P Intercity Car Rentals $8.8M 1 GoMore | $8.8M | Series A Link
49▼44 Anti Bacterial Drugs $8.8M 2 BACTOLIFE | $8.4M | Seed Link
50--
Online Beauty and Personal Care Products
Subscription Retailers
$7.6M 1 Goodiebox | $7.6M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Denmark Tech - Top Funded Business Models - last 1 year (2/5)
13
Rank Business Model $ Funding # Rounds Top Funding Round Details
11-- Automated Testing Tools $68.3M 2 Leapwork | $62.0M | Series B Link
12-- IT Ops Automation $68.3M 2 Leapwork | $62.0M | Series B Link
13-- IT Automation $68.3M 2 Leapwork | $62.0M | Series B Link
14▼13 Drugs for Multiple Cancer Types $61.6M 1 Adcendo | $61.6M | Series A Link
15▲66 Online Storefront for Individual Coaches $61.0M 1 Lenus | $61.0M | Series A Link
16<> 0 Document Template Management $60.0M 1 Templafy | $60.0M | Series D Link
17-- Professional Service Robots $51.0M 1 Blue Ocean R.. | $51.0M | Series B Link
18-- Neuromuscular Disorder Drugs $48.1M 2 NMD Pharma | $39.6M | Series B Link
19-- Aesthetic Medicines $45.0M 2 CytoKi Pharma | $45.0M | Series A Link
20-- Wound Healing Drugs $45.0M 2 CytoKi Pharma | $45.0M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Denmark Tech - Top Funded Business Models - last 1 year (3/5)
14
Rank Business Model $ Funding # Rounds Top Funding Round Details
21▲171 Carbon Offset Trading $34.3M 5 Agreena | $22.7M | Series A Link
22▲8 Contract Lifecycle Management $30.0M 1 Contractbook | $30.0M | Series B Link
23▲6 Nuclear Imaging Devices $30.0M 1 MedTrace | $30.0M | Series B Link
24--
Healthcare IT > Value Based Care > Care
Coordination > Care Planning & Management >
Emergency
$27.0M 1 Corti | $27.0M | Series A Link
25-- Voice Assistants for Doctors $27.0M 1 Corti | $27.0M | Series A Link
26--
Healthcare IT > Provider > Clinical Operations >
Decision Support > Suite Solutions > Generic
$25.0M 1 Dawn Health | $25.0M | Series B Link
27▲71
Internet First Banks for Businesses with Partner
Bank's License
$22.5M 1 kompasbank | $22.5M | Series A Link
28▲105 Pre School Management Software $18.0M 1 Famly | $18.0M | Series A Link
29▲105 Pre School Management Software $18.0M 1 Famly | $18.0M | Series A Link
30▲105 ERP for Schools $18.0M 1 Famly | $18.0M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Denmark Tech - Top Funded Business Models - last 1 year (4/5)
15
Rank Business Model $ Funding # Rounds Top Funding Round Details
31▲105 School Management Software $18.0M 1 Famly | $18.0M | Series A Link
32-- Enterprise Search $17.9M 1 Raffle | $17.9M | Series A Link
33-- Knowledge Management $17.9M 1 Raffle | $17.9M | Series A Link
34-- Knowledge Management $17.9M 1 Raffle | $17.9M | Series A Link
35--
Electric Vehicle Charging Station Management
Software
$17.0M 1 Monta | $17.0M | Series A Link
36▼4 Direct Methanol Fuel Cells $16.9M 1 Blue World T.. | $16.9M | Series B Link
37▼15 eSports Tournament Organizers $16.3M 1 BLAST Premier | $16.3M | Series A Link
38-- Online Skin Care Products Retailers $15.9M 1 HelloSkin | $15.9M | Series A Link
39▲81 Life Sciences Research Services $15.4M 2 Unibio | $15.0M | Series D Link
40-- Trading & Investment Compliance $15.0M 1 Shield | $15.0M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Denmark Tech - Top Funded Business Models - last 1 year (5/5)
16
Rank Business Model $ Funding # Rounds Top Funding Round Details
41-- Master Data Management $15.0M 1 CluedIn | $15.0M | Series A Link
42▼1 Indoor Navigation Systems $13.8M 1 MapsPeople | $13.8M | Series B Link
43▲52 Online Ordering Solutions $12.7M 1 OrderYOYO | $12.7M | Series B Link
44-- White Label Prepaid Cards Solutions $9.5M 1 Cardlay | $9.5M | Series B Link
45-- Surgical Navigation Systems $9.0M 1 FluoGuide | $9.0M | Series B Link
46-- Cancer Surgery Navigation Devices $9.0M 1 FluoGuide | $9.0M | Series B Link
47-- Content Publishing Platforms $8.8M 1 Umbraco | $8.8M | Seed Link
48-- P2P Intercity Car Rentals $8.8M 1 GoMore | $8.8M | Series A Link
49▼44 Anti Bacterial Drugs $8.8M 2 BACTOLIFE | $8.4M | Seed Link
50--
Online Beauty and Personal Care Products
Subscription Retailers
$7.6M 1 Goodiebox | $7.6M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Tradeshift (2010, Copenhagen)
$200M - Series F - Dec 2021
Tradeshift (2010, Copenhagen)
$200M - Series F - Mar 2021
B2B E-Commerce Software Suite -
Denmark
01
17
Back to index
B2B E-Commerce (Traede)
(# Cos: 34 | $1.2B)
Technology Enablers (Plytix)
(# Cos: 10 | $1.2B)
E Commerce Software Suite (Tradeshift)
(# Cos: 1 | $1.2B)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$400M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.2B
1
-
1
1
Tradeshift
(2010, Copenhagen, $1.2B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Tradeshift (2010, Copenhagen)
$200M - Series F - Dec 2021
Tradeshift (2010, Copenhagen)
$200M - Series F - Mar 2021
Accounts Payable and Receivable
Management - Denmark
02
18
Back to index
Finance & Accounting Tech (Ageras)
(# Cos: 93 | $1.8B)
Accounting Solutions (Pleo)
(# Cos: 65 | $1.6B)
Account Payables & Receivables
(Tradeshift)
(# Cos: 1 | $1.2B)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$400M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.2B
1
-
1
1
Tradeshift
(2010, Copenhagen, $1.2B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Supply Chain Financing - Denmark
03
19
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$400M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.2B
2
-
2
1
SCM Software (EffiMat)
(# Cos: 38 | $1.2B)
Spend Management (Scanmarket)
(# Cos: 16 | $1.2B)
Procure To Pay (Aqoola)
(# Cos: 11 | $1.2B)
Supply Chain Financing
(Tradeshift)
(# Cos: 2 | $1.2B)
Tradeshift
(2010, Copenhagen, $1.2B)
Aqoola
(2009, Lyngby, $845K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tradeshift (2010, Copenhagen)
$200M - Series F - Dec 2021
Tradeshift (2010, Copenhagen)
$200M - Series F - Mar 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Pleo (2015, Copenhagen)
$200M - Series C - Dec 2021
Pleo (2015, Copenhagen)
$150M - Series C - Jun 2021
Corporate Travel Expense Management
- Denmark
04
20
Back to index
Online Travel (Momondo)
(# Cos: 113 | $558M)
Corporate Travel (Acubiz)
(# Cos: 10 | $535M)
Expense Management (Pleo)
(# Cos: 9 | $535M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$350M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$535M
2
-
9
1
Pleo
(2015, Copenhagen, $434M)
Acubiz
(1997, Copenhagen, $101M)
Trayce
(2016, Copenhagen)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Corporate Travel & Expense Cards -
Denmark
05
21
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$350M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$434M
1
-
2
1
Finance & Accounting Tech (Ageras)
(# Cos: 93 | $1.8B)
Accounting Solutions (Tradeshift)
(# Cos: 65 | $1.6B)
Procure to Pay (DocuBizz Aps)
(# Cos: 23 | $434M)
Travel & Expense (Trayce)
(# Cos: 10 | $434M)
Card Solutions (Pleo)
(# Cos: 2 | $434M)
Pleo
(2015, Copenhagen, $434M)
Vatriever
(2016, Odense)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Pleo (2015, Copenhagen)
$200M - Series C - Dec 2021
Pleo (2015, Copenhagen)
$150M - Series C - Jun 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Internet First Corporate Credit Card
Issuers - Denmark
06
22
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$350M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$434M
1
-
1
1
Payments (Nets)
(# Cos: 67 | $5.8B)
Consumer Payments (Samlino.dk)
(# Cos: 15 | $461M)
Payment Cards (MyMonii)
(# Cos: 4 | $435M)
Corporate Cards (Pleo)
(# Cos: 1 | $434M)
Pleo
(2015, Copenhagen, $434M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Pleo (2015, Copenhagen)
$200M - Series C - Dec 2021
Pleo (2015, Copenhagen)
$150M - Series C - Jun 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Alkaline Electrolyzers - Denmark
07
23
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$229M (▲852%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$260M
2
1
2
0
Energy Storage Tech (Blue World Technologies)
(# Cos: 39 | $387M)
Hydrogen (Everfuel)
(# Cos: 8 | $299M)
Hydrogen Generation (MASH MAKES)
(# Cos: 3 | $260M)
Electrolysis (Hymeth)
(# Cos: 2 | $260M)
Alkaline (GreenHydrogen)
(# Cos: 2 | $260M)
GreenHydrogen
(2007, Kolding, $259M)
Hymeth
(2016, Frederiksberg, $891K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
GreenHydrogen (2007, Kolding)
$229M - Series C - Mar 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Internet First Point of Sale Financing -
Denmark
08
24
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$120M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$132M
1
-
1
1
Alternative Lending (Samlino.dk)
(# Cos: 33 | $192M)
Online Lenders (Lendino)
(# Cos: 17 | $167M)
Consumer Loans (MyC4)
(# Cos: 9 | $157M)
Direct Lender (ViaBill)
(# Cos: 1 | $132M)
ViaBill
(2014, Risskov, $132M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ViaBill (2014, Risskov)
$120M - Series B - Feb 2022
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Podcast Aggregators - Denmark
09
25
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$78.0M (▲148%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$117M
1
-
2
1
Radio Tech (WARM)
(# Cos: 18 | $119M)
Internet Radio & Podcast (DDB2)
(# Cos: 17 | $117M)
Streaming (MusicSense)
(# Cos: 16 | $117M)
Podcast (OmniPod)
(# Cos: 6 | $117M)
Network (Heartbeats)
(# Cos: 5 | $117M)
Aggregator (Podimo)
(# Cos: 2 | $117M)
Podimo
(2019, Copenhagen, $117M)
Heartbeats
(2014, Copenhagen)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Podimo (2019, Copenhagen)
$78.0M - Series B - Nov 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Muna Therapeutics (2020, Copenhagen)
$73.0M - Series A - Jul 2021
Neurodegenerative Disorders Drugs -
Denmark
10
26
Back to index
Neurology (Muna Therapeutics)
(# Cos: 26 | $299M)
Drugs (Egalet)
(# Cos: 11 | $280M)
Neurodegenerative (Lundbeck)
(# Cos: 4 | $87.3M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$73.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$87.3M
4
2
4
1
Lundbeck
(1915, Copenhagen)
Muna Therapeutics
(2020, Copenhagen, $73.0M)
Neurosearch
(1989, Ballerup, $14.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Automated Testing Tools - Denmark
11
27
Back to index
Software Testing Tools (Encida)
(# Cos: 13 | $79.6M)
Automated Testing Tools (Leapwork)
(# Cos: 4 | $79.6M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$68.3M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$79.6M
2
-
4
1
Leapwork
(2015, Copenhagen, $79.6M)
Encida
(2019, Aalborg)
LessPainful
(2011, Aarhus)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Leapwork (2015, Copenhagen)
$62.0M - Series B - Aug 2021
Leapwork (2015, Copenhagen)
$6.3M - Series A - Jun 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
IT Ops Automation - Denmark
12
28
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$68.3M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$79.6M
1
-
1
1
Robotic Process Automation (Jatana)
(# Cos: 7 | $79.6M)
Basic Automation (Foxtrot Alliance)
(# Cos: 3 | $79.6M)
Multi-Industry (Cognifirm)
(# Cos: 3 | $79.6M)
IT Ops (Leapwork)
(# Cos: 1 | $79.6M)
Leapwork
(2015, Copenhagen, $79.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Leapwork (2015, Copenhagen)
$62.0M - Series B - Aug 2021
Leapwork (2015, Copenhagen)
$6.3M - Series A - Jun 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Leapwork (2015, Copenhagen)
$62.0M - Series B - Aug 2021
Leapwork (2015, Copenhagen)
$6.3M - Series A - Jun 2021
IT Automation - Denmark
13
29
Back to index
IT Operations (Humio)
(# Cos: 42 | $215M)
ITOM (LogPoint)
(# Cos: 21 | $182M)
IT Automation (Leapwork)
(# Cos: 1 | $79.6M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$68.3M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$79.6M
1
-
1
1
Leapwork
(2015, Copenhagen, $79.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Adcendo (2017, Copenhagen)
$61.6M - Series A - Apr 2021
Drugs for Multiple Cancer Types -
Denmark
14
30
Back to index
Oncology (Genmab)
(# Cos: 39 | $1.2B)
Drugs (IO Biotech)
(# Cos: 27 | $1.2B)
Diversified (Symphogen)
(# Cos: 20 | $1.1B)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$61.6M (▼66.1%)
1(▼66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.1B
14
4
20
1
Symphogen
(2000, Ballerup, $598M)
IO Biotech
(2014, Copenhagen, $175M)
Genmab
(1999, Copenhagen, $157M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Online Storefront for Individual Coaches
- Denmark
15
31
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$61.0M (▲2991%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$65.5M
2
-
2
1
Fitness & Wellness Tech (Motosumo)
(# Cos: 93 | $125M)
Tools for Fitness Professionals (Athliit)
(# Cos: 12 | $65.5M)
Individual Coaches (Zenfit)
(# Cos: 4 | $65.5M)
Online Storefront (Lenus)
(# Cos: 2 | $65.5M)
Lenus
(2016, Copenhagen, $65.5M)
Zenfit
(2015, Copenhagen, $7.1K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Lenus (2016, Copenhagen)
$61.0M - Series A - May 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Templafy (2014, Copenhagen)
$60.0M - Series D - Jun 2021
Document Template Management -
Denmark
16
32
Back to index
Enterprise Information Management (CluedIn)
(# Cos: 22 | $197M)
Enterprise Content Management (Digizuite)
(# Cos: 12 | $155M)
Template Management (Templafy)
(# Cos: 1 | $147M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$60.0M (▲129%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$147M
1
-
1
1
Templafy
(2014, Copenhagen, $147M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Professional Service Robots - Denmark
17
33
Back to index
Professional Service Robots (Agro Intelligence)
(# Cos: 28 | $107M)
Multi Utility (Blue Ocean Robotics)
(# Cos: 3 | $80.4M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$51.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$80.4M
1
-
3
1
Blue Ocean Robotics
(2013, Odense, $80.4M)
Capra Robotics
(2017, Tranbjerg)
Polaris
(2018, Aalborg)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Blue Ocean Robotics (2013, Odense)
$51.0M - Series B - Jan 2022
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
NMD Pharma (2015, Aarhus)
$39.6M - Series B - Feb 2022
NMD Pharma (2015, Aarhus)
$8.5M - Series A - Apr 2021
Neuromuscular Disorder Drugs -
Denmark
18
34
Back to index
Neurology (Lundbeck)
(# Cos: 26 | $299M)
Drugs (Egalet)
(# Cos: 11 | $280M)
Neuromuscular (NMD Pharma)
(# Cos: 1 | $116M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$48.1M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$116M
1
-
1
1
NMD Pharma
(2015, Aarhus, $116M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
CytoKi Pharma (2019, Vaerlose)
$45.0M - Series A - May 2021
CytoKi Pharma (2019, Vaerlose)
$19.2K - Seed - Apr 2021
Aesthetic Medicines - Denmark
19
35
Back to index
Dermatology (Advalight)
(# Cos: 10 | $666M)
Drugs (LEO Pharma)
(# Cos: 4 | $633M)
Aesthetics (CytoKi Pharma)
(# Cos: 2 | $48.4M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$45.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$48.4M
2
-
2
1
CytoKi Pharma
(2019, Vaerlose, $45.0M)
Valderm
(2003, Lyngby, $3.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Wound Healing Drugs - Denmark
20
36
Back to index
Wound Care (Reapplix)
(# Cos: 6 | $99.0M)
Drugs (CytoKi Pharma)
(# Cos: 2 | $45.0M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$45.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$45.0M
2
-
2
1
CytoKi Pharma
(2019, Vaerlose, $45.0M)
Micuri
(2011, Copenhagen)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CytoKi Pharma (2019, Vaerlose)
$45.0M - Series A - May 2021
CytoKi Pharma (2019, Vaerlose)
$19.2K - Seed - Apr 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Agreena (2016, Copenhagen)
$22.7M - Series A - Feb 2022
Agreena (2016, Copenhagen)
$6.0M - Seed - Mar 2021
Agreena (2016, Copenhagen)
$4.7M - Seed - Oct 2021
Klimate (2020, Copenhagen)
$879K - Seed - Sep 2021
Klimate (2020, Copenhagen)
$95.4K - Seed - Mar 2021
Carbon Offset Trading - Denmark
21
37
Back to index
Air Pollution Management Tech (DMI)
(# Cos: 19 | $45.3M)
Carbon Management (Klimate)
(# Cos: 14 | $45.3M)
Carbon Offset Trading Platforms
(Agreena)
(# Cos: 7 | $34.9M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$34.3M (▲ >10K%)
5(▲400%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$34.9M
6
-
7
1
Agreena
(2016, Copenhagen, $33.9M)
Klimate
(2020, Copenhagen, $991K)
Climaider
(2018, Copenhagen)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Contractbook (2015, Copenhagen)
$30.0M - Series B - May 2021
Contract Lifecycle Management -
Denmark
22
38
Back to index
Legal Tech (LegalDesk)
(# Cos: 27 | $44.5M)
Legal Contract Management (Esignatur)
(# Cos: 5 | $43.6M)
Contract Lifecycle Management
(Contractbook)
(# Cos: 3 | $43.6M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$30.0M (▲219%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$43.6M
1
-
3
1
Contractbook
(2015, Copenhagen, $43.6M)
Contractpedia
(2015, Holbaek)
Contraman
(2014, Copenhagen)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Nuclear Imaging Devices - Denmark
23
39
Back to index
Imaging Diagnostics (Nanovi)
(# Cos: 4 | $88.3M)
Nuclear Imaging (MedTrace)
(# Cos: 1 | $46.7M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$30.0M (▲136%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$46.7M
1
-
1
0
MedTrace
(2015, Copenhagen, $46.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
MedTrace (2015, Copenhagen)
$30.0M - Series B - May 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Healthcare IT > Value Based Care > Care Coordination > Care
Planning & Management > Emergency - Denmark
24
40
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$27.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$34.0M
1
-
1
1
Healthcare IT (Visiopharm)
(# Cos: 116 | $206M)
Value Based Care (Brain+)
(# Cos: 36 | $110M)
Care Coordination (Wear & Care Technologies)
(# Cos: 5 | $44.5M)
Care Planning & Management (Monsenso)
(# Cos: 5 | $44.5M)
Emergency (Corti)
(# Cos: 1 | $34.0M)
Corti
(2016, Copenhagen, $34.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Corti (2016, Copenhagen)
$27.0M - Series A - Aug 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Corti (2016, Copenhagen)
$27.0M - Series A - Aug 2021
Voice Assistants for Doctors - Denmark
25
41
Back to index
Speech and Voice Recognition (Retune DSP)
(# Cos: 4 | $34.0M)
Applications (Speechminers)
(# Cos: 3 | $34.0M)
Clinical Documentation (Corti)
(# Cos: 1 | $34.0M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$27.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$34.0M
1
-
1
1
Corti
(2016, Copenhagen, $34.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Healthcare IT > Provider > Clinical Operations > Decision
Support > Suite Solutions > Generic - Denmark
26
42
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$25.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$25.0M
3
-
3
1
Healthcare IT (Corti)
(# Cos: 116 | $206M)
Provider (Brainreader)
(# Cos: 72 | $93.6M)
Clinical Operations (CathVision)
(# Cos: 26 | $83.2M)
Decision Support (Visiopharm)
(# Cos: 25 | $83.2M)
Suite Solutions (FindZebra)
(# Cos: 3 | $25.0M)
Generic (Dawn Health)
(# Cos: 3 | $25.0M)
Dawn Health
(2016, Copenhagen, $25.0M)
FindZebra
(2013, Copenhagen)
Daintel
(2004, Kongens Lyngby)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Dawn Health (2016, Copenhagen)
$25.0M - Series B - Nov 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Internet First Banks for Businesses with Partner
Bank's License - Denmark
27
43
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$22.5M (▲1823%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$31.4M
2
-
2
1
Banking Tech (NewBanking)
(# Cos: 27 | $634M)
Internet First Banks (Hufsy)
(# Cos: 4 | $579M)
Through Bank Partnerships (Lunar)
(# Cos: 3 | $579M)
Business Banking (kompasbank)
(# Cos: 2 | $31.4M)
kompasbank
(2018, Vedbaek, $30.2M)
Hufsy
(2015, Copenhagen, $1.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
kompasbank (2018, Vedbaek)
$22.5M - Series A - Mar 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Famly (2013, Frederiksberg)
$18.0M - Series A - Nov 2021
Pre School Management Software -
Denmark
28
44
Back to index
Mom & Baby Care (Reshopper)
(# Cos: 40 | $28.7M)
ChildCare Providers (Kidsy)
(# Cos: 5 | $24.5M)
Management Softwares (Famly)
(# Cos: 2 | $24.5M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$18.0M (▲4279%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$24.5M
1
-
2
1
Famly
(2013, Frederiksberg, $24.5M)
Kidsy
(2015, Aarhus)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Famly (2013, Frederiksberg)
$18.0M - Series A - Nov 2021
Pre School Management Software -
Denmark
29
45
Back to index
Pre-K EdTech (Maneno)
(# Cos: 12 | $28.9M)
Pre K School IT (Parent)
(# Cos: 4 | $24.5M)
School Management Software (Famly)
(# Cos: 4 | $24.5M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$18.0M (▲4279%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$24.5M
1
-
4
1
Famly
(2013, Frederiksberg, $24.5M)
Parent
(2015, Copenhagen)
Assemble
(2005, Aarhus)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Famly (2013, Frederiksberg)
$18.0M - Series A - Nov 2021
ERP for Schools - Denmark
30
46
Back to index
ERP (Columbus)
(# Cos: 45 | $31.7M)
Education (Parent)
(# Cos: 7 | $24.5M)
Schools (Famly)
(# Cos: 6 | $24.5M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$18.0M (▲4279%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$24.5M
1
-
6
1
Famly
(2013, Frederiksberg, $24.5M)
Parent
(2015, Copenhagen)
inLogic
(2008, Horsens)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Famly (2013, Frederiksberg)
$18.0M - Series A - Nov 2021
School Management Software -
Denmark
31
47
Back to index
K-12 EdTech (Labster)
(# Cos: 75 | $146M)
School IT (Netop)
(# Cos: 12 | $24.7M)
Suite (Famly)
(# Cos: 5 | $24.5M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$18.0M (▲4279%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$24.5M
1
-
5
1
Famly
(2013, Frederiksberg, $24.5M)
Parent
(2015, Copenhagen)
inLogic
(2008, Horsens)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Enterprise Search - Denmark
32
48
Back to index
Enterprise Information Management (Templafy)
(# Cos: 22 | $197M)
Enterprise Search (Raffle)
(# Cos: 1 | $19.5M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$17.9M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$19.5M
1
-
1
1
Raffle
(2018, Copenhagen, $19.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Raffle (2018, Copenhagen)
$17.9M - Series A - Feb 2022
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Knowledge Management - Denmark
33
49
Back to index
Enterprise Collaboration (Forecast)
(# Cos: 93 | $106M)
Knowledge Management (Raffle)
(# Cos: 1 | $19.5M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$17.9M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$19.5M
1
-
1
1
Raffle
(2018, Copenhagen, $19.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Raffle (2018, Copenhagen)
$17.9M - Series A - Feb 2022
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Raffle (2018, Copenhagen)
$17.9M - Series A - Feb 2022
Knowledge Management - Denmark
34
50
Back to index
Customer Service Software (Dixa)
(# Cos: 29 | $185M)
Customer Self Service (Jatana)
(# Cos: 11 | $19.5M)
Knowledge Management (Raffle)
(# Cos: 1 | $19.5M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$17.9M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$19.5M
1
-
1
1
Raffle
(2018, Copenhagen, $19.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Monta (2020, Copenhagen)
$17.0M - Series A - Dec 2021
Electric Vehicle Charging Station Management
Software - Denmark
35
51
Back to index
Energy Storage Tech (Everfuel)
(# Cos: 39 | $387M)
Charging (Spirii)
(# Cos: 13 | $58.9M)
Station Management IT (Monta)
(# Cos: 3 | $22.8M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$17.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$22.8M
1
-
3
1
Monta
(2020, Copenhagen, $22.8M)
eluTAG
(2020, Copenhagen)
Flexecharge
(2019, Copenhagen)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Blue World Technolo.. (2018, Aalborg)
$16.9M - Series B - Dec 2021
Direct Methanol Fuel Cells - Denmark
36
52
Back to index
Energy Storage Tech (Everfuel)
(# Cos: 39 | $387M)
Fuel Cell (Danish Power Systems)
(# Cos: 5 | $25.8M)
Direct Methanol (Blue World
Technologies)
(# Cos: 1 | $25.8M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$16.9M (▲117%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$25.8M
1
-
1
1
Blue World Technologies
(2018, Aalborg, $25.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
eSports Tournament Organizers -
Denmark
37
53
Back to index
eSports (Astralis)
(# Cos: 15 | $257M)
League Organizers (BLAST Premier)
(# Cos: 2 | $217M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$16.3M (▼13.6%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$217M
1
-
2
1
BLAST Premier
(2016, Copenhagen, $217M)
BLAST Titans
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
BLAST Premier (2016, Copenhagen)
$16.3M - Series A - Aug 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Online Skin Care Products Retailers -
Denmark
38
54
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$15.9M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$15.9M
1
-
3
1
Beauty Tech (Bapoon)
(# Cos: 32 | $34.4M)
Ecommerce (Goodiebox)
(# Cos: 24 | $34.4M)
Skin Care (Skin&Tonic)
(# Cos: 6 | $15.9M)
Multi Category (True North Skincare)
(# Cos: 6 | $15.9M)
Full Range (Kimovi)
(# Cos: 6 | $15.9M)
Retail (HelloSkin)
(# Cos: 3 | $15.9M)
HelloSkin
(2016, Copenhagen, $15.9M)
Skin&Tonic
(2016, Vejle)
Mask-a-holic
(2019, Bagsvaerd)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
HelloSkin (2016, Copenhagen)
$15.9M - Series A - Mar 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Unibio (2001, Odense)
$15.0M - Series D - Jun 2021
SNIPR Biome (2015, Copenhagen)
$373K - Series A - Sep 2021
Life Sciences Research Services -
Denmark
39
55
Back to index
Life Sciences Platforms and Tools (ALK-Abello)
(# Cos: 81 | $367M)
Research Services (Biosyntia)
(# Cos: 38 | $198M)
Diversified (AFYX Therapeutics)
(# Cos: 25 | $196M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$15.4M (▲2698%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$196M
15
2
25
5
AFYX Therapeutics
(2013, Copenhagen, $33.3M)
Biosyntia
(2012, Copenhagen, $7.8M)
ALK-Abello
(1923, Hoersholm)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Trading & Investment Compliance -
Denmark
40
56
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$15.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$15.0M
1
-
1
1
GRC Software (ComplyCloud)
(# Cos: 53 | $34.9M)
Compliance (Legal Monster)
(# Cos: 36 | $31.8M)
Industry (Risk Intelligence)
(# Cos: 7 | $24.6M)
Banking & Finance (Intercompany Software)
(# Cos: 4 | $15.0M)
Trading & Investment (Shield)
(# Cos: 1 | $15.0M)
Shield
(2017, Soborg, $15.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Shield (2017, Soborg)
$15.0M - Series A - Jan 2022
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
CluedIn (2015, Copenhagen)
$15.0M - Series A - Apr 2021
Master Data Management - Denmark
41
57
Back to index
Enterprise Information Management (Templafy)
(# Cos: 22 | $197M)
Enterprise Data Management (Weld)
(# Cos: 9 | $21.9M)
Master Data Management (CluedIn)
(# Cos: 2 | $15.0M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$15.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$15.0M
1
-
2
1
CluedIn
(2015, Copenhagen, $15.0M)
StiboSystemsNA
(1976, Hojbjerg)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Indoor Navigation Systems - Denmark
42
58
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$13.8M (▲134%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$22.2M
1
1
1
0
Geographic Information Systems (FieldSense)
(# Cos: 24 | $27.8M)
Positioning & Navigation (GOT-Industry)
(# Cos: 3 | $22.2M)
Navigation (RoadRUNNER Rides)
(# Cos: 2 | $22.2M)
Indoor (MapsPeople)
(# Cos: 1 | $22.2M)
MapsPeople
(1897, Norresundby, $22.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
MapsPeople (1897, Norresundby)
$13.8M - Series B - May 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Online Ordering Solutions - Denmark
43
59
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$12.7M (▲846%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$37.4M
1
-
3
1
Food Tech (Too Good To Go)
(# Cos: 68 | $202M)
Technology Enablers (eSmiley)
(# Cos: 18 | $57.4M)
Restaurants (Superb)
(# Cos: 14 | $57.2M)
Online Ordering Solutions
(OrderYOYO)
(# Cos: 3 | $37.4M)
OrderYOYO
(2014, Copenhagen, $37.4M)
Takeout Group
(2001, Copenhagen)
NemTakeAway
(2014, Aarhus)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
OrderYOYO (2014, Copenhagen)
$12.7M - Series B - Jun 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
White Label Prepaid Cards Solutions -
Denmark
44
60
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$9.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$28.7M
1
-
2
1
Payments (Pleo)
(# Cos: 67 | $5.8B)
Enablers (Nordic API Gateway)
(# Cos: 16 | $5.2B)
White Label Solutions (Clearhaus)
(# Cos: 4 | $125M)
Payment Cards (SafePay)
(# Cos: 2 | $28.7M)
Prepaid Cards (Cardlay)
(# Cos: 2 | $28.7M)
Cardlay
(2016, Odense, $28.7M)
SafePay
(2014, Hellerup)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cardlay (2016, Odense)
$9.5M - Series B - Apr 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Surgical Navigation Systems - Denmark
45
61
Back to index
Surgical Instruments (SurgeryTech)
(# Cos: 3 | $13.9M)
Navigation Systems (FluoGuide)
(# Cos: 2 | $13.9M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$9.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$13.9M
2
-
2
0
FluoGuide
(2018, Copenhagen, $13.9M)
SurgeryTech
(2018, Aarhus)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
FluoGuide (2018, Copenhagen)
$9.0M - Series B - May 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
FluoGuide (2018, Copenhagen)
$9.0M - Series B - May 2021
Cancer Surgery Navigation Devices -
Denmark
46
62
Back to index
Oncology (Symphogen)
(# Cos: 39 | $1.2B)
Medical Devices (Spiromagic)
(# Cos: 2 | $14.7M)
Navigation (FluoGuide)
(# Cos: 1 | $13.9M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$9.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$13.9M
1
-
1
0
FluoGuide
(2018, Copenhagen, $13.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Content Publishing Platforms - Denmark
47
63
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$8.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$12.3M
2
-
2
0
Content Management System (CMS) (LeadDoubler)
(# Cos: 7 | $12.3M)
Web CMS (Mono Solutions)
(# Cos: 7 | $12.3M)
Application Specific CMS (Unsilo)
(# Cos: 2 | $12.3M)
Content Publishing (Umbraco)
(# Cos: 2 | $12.3M)
Umbraco
(2002, Odense, $9.1M)
Unsilo
(2012, Aarhus, $3.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Umbraco (2002, Odense)
$8.8M - Seed - Aug 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
P2P Intercity Car Rentals - Denmark
48
64
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$8.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$17.0M
3
-
4
1
Online Travel (Pleo)
(# Cos: 113 | $558M)
Transportation (Boatflex)
(# Cos: 18 | $18.5M)
Car (Rentecarlo)
(# Cos: 10 | $17.0M)
Rental (GreenMobility)
(# Cos: 10 | $17.0M)
Aggregator (MinBil)
(# Cos: 5 | $17.0M)
P2P (GoMore)
(# Cos: 4 | $17.0M)
GoMore
(2005, Copenhagen, $17.0M)
MinBil
(2013, Copenhagen)
Rentecarlo
(2013, Copenhagen)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
GoMore (2005, Copenhagen)
$8.8M - Series A - Apr 2021
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
BACTOLIFE (2017, Lyngby)
$8.4M - Seed - Apr 2021
SNIPR Biome (2015, Copenhagen)
$373K - Series A - Sep 2021
Anti Bacterial Drugs - Denmark
49
65
Back to index
Infectious Diseases (UVD Robots)
(# Cos: 24 | $872M)
Drugs (Bavarian Nordic)
(# Cos: 17 | $267M)
Bacterial (SNIPR Biome)
(# Cos: 11 | $159M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$8.8M (▼85%)
2(▼60%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$159M
9
1
11
3
SNIPR Biome
(2015, Copenhagen, $53.9M)
UNION Therapeutics
(2013, Hellerup, $25.1M)
Minervax
(2010, Hellerup, $66.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Online Beauty and Personal Care Products
Subscription Retailers - Denmark
50
66
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$7.6M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$18.5M
2
-
3
1
Beauty Tech (Bapoon)
(# Cos: 32 | $34.4M)
Ecommerce (HelloSkin)
(# Cos: 24 | $34.4M)
Multi Category (Ladybox)
(# Cos: 11 | $18.5M)
Full Range (Shavesafe)
(# Cos: 7 | $18.5M)
Retail (Luxplus)
(# Cos: 6 | $18.5M)
Subscription (Goodiebox)
(# Cos: 3 | $18.5M)
Goodiebox
(2012, Copenhagen, $18.5M)
Goodiebox Luxplus
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Goodiebox (2012, Copenhagen)
$7.6M - Series A - Mar 2021
Denmark Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Recent funding rounds
Investment Trends
Most Active Investors
Top Funded Business Models
Explore more on Tracxn
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Companies using AI in Healthcare
Companies founded by Stanford GSB Alumni
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Tracxn - Top Business Models - Denmark Tech - Mar 2022

  • 1. TRACXN TOP BUSINESS MODELS REPORT March 04, 2022 DENMARK TECH
  • 2. Denmark Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Contents DenmarkDenmark Tech Funding Overview 3 Top Funded Business Models 4 One Pagers 9 Appendix 59 2
  • 3. Denmark Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Funding in last 1 year 3 Finance & Accounting Tech $788M Dermatology $585M Energy Storage Tech $263M Customer Service Software $125M Neurology $121M Enterprise Information Management $101M Y-o-Y Funding Top Investors by Funding Rounds Seed Stage PreSeed Ventures Growth Fund Y Combinator 7 6 3 Early Stage Growth Fund Headline Byfounders 5 4 3 Late Stage Kinnevik Seedcamp Bain Capital Ventures 3 2 2 Funding by Geography Top Feeds by $ Funding Top Funding Rounds $ Funding # Rounds LEO Pharma (1908, Copenhagen) $537M - PE Lunar (2015, Aarhus) $249M - Series D GreenHydrogen (2007, Kolding) $229M - Series C Tradeshift (2010, Copenhagen) $200M - Series F Tradeshift (2010, Copenhagen) $200M - Series F Pleo (2015, Copenhagen) $200M - Series C Lunar (2015, Aarhus) $176M - Series D Pleo (2015, Copenhagen) $150M - Series C ViaBill (2014, Risskov) $120M - Series B Dixa (2015, Copenhagen) $105M - Series C Podimo (2019, Copenhagen) $78.0M - Series B Muna Therapeutics (2020, Copenhagen) $73.0M - Series A Copenhagen (68%) Aarhus (14%) Kolding (7%) Risskov (3%) Odense (2%) Others (6%)
  • 4. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Denmark Tech - Top Funded Business Models - last 1 year (1/5) 4 Rank Business Model $ Funding # Rounds Top Funding Round Details 1-- B2B E-Commerce Software Suite $400M 2 Tradeshift | $200M | Series F Link 2-- Accounts Payable and Receivable Management $400M 2 Tradeshift | $200M | Series F Link 3-- Supply Chain Financing $400M 2 Tradeshift | $200M | Series F Link 4-- Corporate Travel Expense Management $350M 2 Pleo | $200M | Series C Link 5-- Corporate Travel & Expense Cards $350M 2 Pleo | $200M | Series C Link 6-- Internet First Corporate Credit Card Issuers $350M 2 Pleo | $200M | Series C Link 7▲10 Alkaline Electrolyzers $229M 1 GreenHydrogen | $229M | Series C Link 8-- Internet First Point of Sale Financing $120M 1 ViaBill | $120M | Series B Link 9▲2 Podcast Aggregators $78.0M 1 Podimo | $78.0M | Series B Link 10-- Neurodegenerative Disorders Drugs $73.0M 1 Muna Therape.. | $73.0M | Series A Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 5. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Denmark Tech - Top Funded Business Models - last 1 year (2/5) 5 Rank Business Model $ Funding # Rounds Top Funding Round Details 11-- Automated Testing Tools $68.3M 2 Leapwork | $62.0M | Series B Link 12-- IT Ops Automation $68.3M 2 Leapwork | $62.0M | Series B Link 13-- IT Automation $68.3M 2 Leapwork | $62.0M | Series B Link 14▼13 Drugs for Multiple Cancer Types $61.6M 1 Adcendo | $61.6M | Series A Link 15▲66 Online Storefront for Individual Coaches $61.0M 1 Lenus | $61.0M | Series A Link 16<> 0 Document Template Management $60.0M 1 Templafy | $60.0M | Series D Link 17-- Professional Service Robots $51.0M 1 Blue Ocean R.. | $51.0M | Series B Link 18-- Neuromuscular Disorder Drugs $48.1M 2 NMD Pharma | $39.6M | Series B Link 19-- Aesthetic Medicines $45.0M 2 CytoKi Pharma | $45.0M | Series A Link 20-- Wound Healing Drugs $45.0M 2 CytoKi Pharma | $45.0M | Series A Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 6. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Denmark Tech - Top Funded Business Models - last 1 year (3/5) 6 Rank Business Model $ Funding # Rounds Top Funding Round Details 21▲171 Carbon Offset Trading $34.3M 5 Agreena | $22.7M | Series A Link 22▲8 Contract Lifecycle Management $30.0M 1 Contractbook | $30.0M | Series B Link 23▲6 Nuclear Imaging Devices $30.0M 1 MedTrace | $30.0M | Series B Link 24-- Healthcare IT > Value Based Care > Care Coordination > Care Planning & Management > Emergency $27.0M 1 Corti | $27.0M | Series A Link 25-- Voice Assistants for Doctors $27.0M 1 Corti | $27.0M | Series A Link 26-- Healthcare IT > Provider > Clinical Operations > Decision Support > Suite Solutions > Generic $25.0M 1 Dawn Health | $25.0M | Series B Link 27▲71 Internet First Banks for Businesses with Partner Bank's License $22.5M 1 kompasbank | $22.5M | Series A Link 28▲105 Pre School Management Software $18.0M 1 Famly | $18.0M | Series A Link 29▲105 Pre School Management Software $18.0M 1 Famly | $18.0M | Series A Link 30▲105 ERP for Schools $18.0M 1 Famly | $18.0M | Series A Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 7. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Denmark Tech - Top Funded Business Models - last 1 year (4/5) 7 Rank Business Model $ Funding # Rounds Top Funding Round Details 31▲105 School Management Software $18.0M 1 Famly | $18.0M | Series A Link 32-- Enterprise Search $17.9M 1 Raffle | $17.9M | Series A Link 33-- Knowledge Management $17.9M 1 Raffle | $17.9M | Series A Link 34-- Knowledge Management $17.9M 1 Raffle | $17.9M | Series A Link 35-- Electric Vehicle Charging Station Management Software $17.0M 1 Monta | $17.0M | Series A Link 36▼4 Direct Methanol Fuel Cells $16.9M 1 Blue World T.. | $16.9M | Series B Link 37▼15 eSports Tournament Organizers $16.3M 1 BLAST Premier | $16.3M | Series A Link 38-- Online Skin Care Products Retailers $15.9M 1 HelloSkin | $15.9M | Series A Link 39▲81 Life Sciences Research Services $15.4M 2 Unibio | $15.0M | Series D Link 40-- Trading & Investment Compliance $15.0M 1 Shield | $15.0M | Series A Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 8. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Denmark Tech - Top Funded Business Models - last 1 year (5/5) 8 Rank Business Model $ Funding # Rounds Top Funding Round Details 41-- Master Data Management $15.0M 1 CluedIn | $15.0M | Series A Link 42▼1 Indoor Navigation Systems $13.8M 1 MapsPeople | $13.8M | Series B Link 43▲52 Online Ordering Solutions $12.7M 1 OrderYOYO | $12.7M | Series B Link 44-- White Label Prepaid Cards Solutions $9.5M 1 Cardlay | $9.5M | Series B Link 45-- Surgical Navigation Systems $9.0M 1 FluoGuide | $9.0M | Series B Link 46-- Cancer Surgery Navigation Devices $9.0M 1 FluoGuide | $9.0M | Series B Link 47-- Content Publishing Platforms $8.8M 1 Umbraco | $8.8M | Seed Link 48-- P2P Intercity Car Rentals $8.8M 1 GoMore | $8.8M | Series A Link 49▼44 Anti Bacterial Drugs $8.8M 2 BACTOLIFE | $8.4M | Seed Link 50-- Online Beauty and Personal Care Products Subscription Retailers $7.6M 1 Goodiebox | $7.6M | Series A Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 9. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Denmark Tech - Top Funded Business Models - last 1 year (2/5) 9 Rank Business Model $ Funding # Rounds Top Funding Round Details 11-- Automated Testing Tools $68.3M 2 Leapwork | $62.0M | Series B Link 12-- IT Ops Automation $68.3M 2 Leapwork | $62.0M | Series B Link 13-- IT Automation $68.3M 2 Leapwork | $62.0M | Series B Link 14▼13 Drugs for Multiple Cancer Types $61.6M 1 Adcendo | $61.6M | Series A Link 15▲66 Online Storefront for Individual Coaches $61.0M 1 Lenus | $61.0M | Series A Link 16<> 0 Document Template Management $60.0M 1 Templafy | $60.0M | Series D Link 17-- Professional Service Robots $51.0M 1 Blue Ocean R.. | $51.0M | Series B Link 18-- Neuromuscular Disorder Drugs $48.1M 2 NMD Pharma | $39.6M | Series B Link 19-- Aesthetic Medicines $45.0M 2 CytoKi Pharma | $45.0M | Series A Link 20-- Wound Healing Drugs $45.0M 2 CytoKi Pharma | $45.0M | Series A Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 10. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Denmark Tech - Top Funded Business Models - last 1 year (3/5) 10 Rank Business Model $ Funding # Rounds Top Funding Round Details 21▲171 Carbon Offset Trading $34.3M 5 Agreena | $22.7M | Series A Link 22▲8 Contract Lifecycle Management $30.0M 1 Contractbook | $30.0M | Series B Link 23▲6 Nuclear Imaging Devices $30.0M 1 MedTrace | $30.0M | Series B Link 24-- Healthcare IT > Value Based Care > Care Coordination > Care Planning & Management > Emergency $27.0M 1 Corti | $27.0M | Series A Link 25-- Voice Assistants for Doctors $27.0M 1 Corti | $27.0M | Series A Link 26-- Healthcare IT > Provider > Clinical Operations > Decision Support > Suite Solutions > Generic $25.0M 1 Dawn Health | $25.0M | Series B Link 27▲71 Internet First Banks for Businesses with Partner Bank's License $22.5M 1 kompasbank | $22.5M | Series A Link 28▲105 Pre School Management Software $18.0M 1 Famly | $18.0M | Series A Link 29▲105 Pre School Management Software $18.0M 1 Famly | $18.0M | Series A Link 30▲105 ERP for Schools $18.0M 1 Famly | $18.0M | Series A Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 11. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Denmark Tech - Top Funded Business Models - last 1 year (4/5) 11 Rank Business Model $ Funding # Rounds Top Funding Round Details 31▲105 School Management Software $18.0M 1 Famly | $18.0M | Series A Link 32-- Enterprise Search $17.9M 1 Raffle | $17.9M | Series A Link 33-- Knowledge Management $17.9M 1 Raffle | $17.9M | Series A Link 34-- Knowledge Management $17.9M 1 Raffle | $17.9M | Series A Link 35-- Electric Vehicle Charging Station Management Software $17.0M 1 Monta | $17.0M | Series A Link 36▼4 Direct Methanol Fuel Cells $16.9M 1 Blue World T.. | $16.9M | Series B Link 37▼15 eSports Tournament Organizers $16.3M 1 BLAST Premier | $16.3M | Series A Link 38-- Online Skin Care Products Retailers $15.9M 1 HelloSkin | $15.9M | Series A Link 39▲81 Life Sciences Research Services $15.4M 2 Unibio | $15.0M | Series D Link 40-- Trading & Investment Compliance $15.0M 1 Shield | $15.0M | Series A Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 12. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Denmark Tech - Top Funded Business Models - last 1 year (5/5) 12 Rank Business Model $ Funding # Rounds Top Funding Round Details 41-- Master Data Management $15.0M 1 CluedIn | $15.0M | Series A Link 42▼1 Indoor Navigation Systems $13.8M 1 MapsPeople | $13.8M | Series B Link 43▲52 Online Ordering Solutions $12.7M 1 OrderYOYO | $12.7M | Series B Link 44-- White Label Prepaid Cards Solutions $9.5M 1 Cardlay | $9.5M | Series B Link 45-- Surgical Navigation Systems $9.0M 1 FluoGuide | $9.0M | Series B Link 46-- Cancer Surgery Navigation Devices $9.0M 1 FluoGuide | $9.0M | Series B Link 47-- Content Publishing Platforms $8.8M 1 Umbraco | $8.8M | Seed Link 48-- P2P Intercity Car Rentals $8.8M 1 GoMore | $8.8M | Series A Link 49▼44 Anti Bacterial Drugs $8.8M 2 BACTOLIFE | $8.4M | Seed Link 50-- Online Beauty and Personal Care Products Subscription Retailers $7.6M 1 Goodiebox | $7.6M | Series A Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 13. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Denmark Tech - Top Funded Business Models - last 1 year (2/5) 13 Rank Business Model $ Funding # Rounds Top Funding Round Details 11-- Automated Testing Tools $68.3M 2 Leapwork | $62.0M | Series B Link 12-- IT Ops Automation $68.3M 2 Leapwork | $62.0M | Series B Link 13-- IT Automation $68.3M 2 Leapwork | $62.0M | Series B Link 14▼13 Drugs for Multiple Cancer Types $61.6M 1 Adcendo | $61.6M | Series A Link 15▲66 Online Storefront for Individual Coaches $61.0M 1 Lenus | $61.0M | Series A Link 16<> 0 Document Template Management $60.0M 1 Templafy | $60.0M | Series D Link 17-- Professional Service Robots $51.0M 1 Blue Ocean R.. | $51.0M | Series B Link 18-- Neuromuscular Disorder Drugs $48.1M 2 NMD Pharma | $39.6M | Series B Link 19-- Aesthetic Medicines $45.0M 2 CytoKi Pharma | $45.0M | Series A Link 20-- Wound Healing Drugs $45.0M 2 CytoKi Pharma | $45.0M | Series A Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 14. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Denmark Tech - Top Funded Business Models - last 1 year (3/5) 14 Rank Business Model $ Funding # Rounds Top Funding Round Details 21▲171 Carbon Offset Trading $34.3M 5 Agreena | $22.7M | Series A Link 22▲8 Contract Lifecycle Management $30.0M 1 Contractbook | $30.0M | Series B Link 23▲6 Nuclear Imaging Devices $30.0M 1 MedTrace | $30.0M | Series B Link 24-- Healthcare IT > Value Based Care > Care Coordination > Care Planning & Management > Emergency $27.0M 1 Corti | $27.0M | Series A Link 25-- Voice Assistants for Doctors $27.0M 1 Corti | $27.0M | Series A Link 26-- Healthcare IT > Provider > Clinical Operations > Decision Support > Suite Solutions > Generic $25.0M 1 Dawn Health | $25.0M | Series B Link 27▲71 Internet First Banks for Businesses with Partner Bank's License $22.5M 1 kompasbank | $22.5M | Series A Link 28▲105 Pre School Management Software $18.0M 1 Famly | $18.0M | Series A Link 29▲105 Pre School Management Software $18.0M 1 Famly | $18.0M | Series A Link 30▲105 ERP for Schools $18.0M 1 Famly | $18.0M | Series A Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 15. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Denmark Tech - Top Funded Business Models - last 1 year (4/5) 15 Rank Business Model $ Funding # Rounds Top Funding Round Details 31▲105 School Management Software $18.0M 1 Famly | $18.0M | Series A Link 32-- Enterprise Search $17.9M 1 Raffle | $17.9M | Series A Link 33-- Knowledge Management $17.9M 1 Raffle | $17.9M | Series A Link 34-- Knowledge Management $17.9M 1 Raffle | $17.9M | Series A Link 35-- Electric Vehicle Charging Station Management Software $17.0M 1 Monta | $17.0M | Series A Link 36▼4 Direct Methanol Fuel Cells $16.9M 1 Blue World T.. | $16.9M | Series B Link 37▼15 eSports Tournament Organizers $16.3M 1 BLAST Premier | $16.3M | Series A Link 38-- Online Skin Care Products Retailers $15.9M 1 HelloSkin | $15.9M | Series A Link 39▲81 Life Sciences Research Services $15.4M 2 Unibio | $15.0M | Series D Link 40-- Trading & Investment Compliance $15.0M 1 Shield | $15.0M | Series A Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 16. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Denmark Tech - Top Funded Business Models - last 1 year (5/5) 16 Rank Business Model $ Funding # Rounds Top Funding Round Details 41-- Master Data Management $15.0M 1 CluedIn | $15.0M | Series A Link 42▼1 Indoor Navigation Systems $13.8M 1 MapsPeople | $13.8M | Series B Link 43▲52 Online Ordering Solutions $12.7M 1 OrderYOYO | $12.7M | Series B Link 44-- White Label Prepaid Cards Solutions $9.5M 1 Cardlay | $9.5M | Series B Link 45-- Surgical Navigation Systems $9.0M 1 FluoGuide | $9.0M | Series B Link 46-- Cancer Surgery Navigation Devices $9.0M 1 FluoGuide | $9.0M | Series B Link 47-- Content Publishing Platforms $8.8M 1 Umbraco | $8.8M | Seed Link 48-- P2P Intercity Car Rentals $8.8M 1 GoMore | $8.8M | Series A Link 49▼44 Anti Bacterial Drugs $8.8M 2 BACTOLIFE | $8.4M | Seed Link 50-- Online Beauty and Personal Care Products Subscription Retailers $7.6M 1 Goodiebox | $7.6M | Series A Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 17. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Tradeshift (2010, Copenhagen) $200M - Series F - Dec 2021 Tradeshift (2010, Copenhagen) $200M - Series F - Mar 2021 B2B E-Commerce Software Suite - Denmark 01 17 Back to index B2B E-Commerce (Traede) (# Cos: 34 | $1.2B) Technology Enablers (Plytix) (# Cos: 10 | $1.2B) E Commerce Software Suite (Tradeshift) (# Cos: 1 | $1.2B) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $400M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $1.2B 1 - 1 1 Tradeshift (2010, Copenhagen, $1.2B) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 18. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Tradeshift (2010, Copenhagen) $200M - Series F - Dec 2021 Tradeshift (2010, Copenhagen) $200M - Series F - Mar 2021 Accounts Payable and Receivable Management - Denmark 02 18 Back to index Finance & Accounting Tech (Ageras) (# Cos: 93 | $1.8B) Accounting Solutions (Pleo) (# Cos: 65 | $1.6B) Account Payables & Receivables (Tradeshift) (# Cos: 1 | $1.2B) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $400M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $1.2B 1 - 1 1 Tradeshift (2010, Copenhagen, $1.2B) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 19. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Supply Chain Financing - Denmark 03 19 Back to index Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $400M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $1.2B 2 - 2 1 SCM Software (EffiMat) (# Cos: 38 | $1.2B) Spend Management (Scanmarket) (# Cos: 16 | $1.2B) Procure To Pay (Aqoola) (# Cos: 11 | $1.2B) Supply Chain Financing (Tradeshift) (# Cos: 2 | $1.2B) Tradeshift (2010, Copenhagen, $1.2B) Aqoola (2009, Lyngby, $845K) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Tradeshift (2010, Copenhagen) $200M - Series F - Dec 2021 Tradeshift (2010, Copenhagen) $200M - Series F - Mar 2021
  • 20. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Pleo (2015, Copenhagen) $200M - Series C - Dec 2021 Pleo (2015, Copenhagen) $150M - Series C - Jun 2021 Corporate Travel Expense Management - Denmark 04 20 Back to index Online Travel (Momondo) (# Cos: 113 | $558M) Corporate Travel (Acubiz) (# Cos: 10 | $535M) Expense Management (Pleo) (# Cos: 9 | $535M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $350M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $535M 2 - 9 1 Pleo (2015, Copenhagen, $434M) Acubiz (1997, Copenhagen, $101M) Trayce (2016, Copenhagen) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 21. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Corporate Travel & Expense Cards - Denmark 05 21 Back to index Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $350M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $434M 1 - 2 1 Finance & Accounting Tech (Ageras) (# Cos: 93 | $1.8B) Accounting Solutions (Tradeshift) (# Cos: 65 | $1.6B) Procure to Pay (DocuBizz Aps) (# Cos: 23 | $434M) Travel & Expense (Trayce) (# Cos: 10 | $434M) Card Solutions (Pleo) (# Cos: 2 | $434M) Pleo (2015, Copenhagen, $434M) Vatriever (2016, Odense) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Pleo (2015, Copenhagen) $200M - Series C - Dec 2021 Pleo (2015, Copenhagen) $150M - Series C - Jun 2021
  • 22. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Internet First Corporate Credit Card Issuers - Denmark 06 22 Back to index Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $350M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $434M 1 - 1 1 Payments (Nets) (# Cos: 67 | $5.8B) Consumer Payments (Samlino.dk) (# Cos: 15 | $461M) Payment Cards (MyMonii) (# Cos: 4 | $435M) Corporate Cards (Pleo) (# Cos: 1 | $434M) Pleo (2015, Copenhagen, $434M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Pleo (2015, Copenhagen) $200M - Series C - Dec 2021 Pleo (2015, Copenhagen) $150M - Series C - Jun 2021
  • 23. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Alkaline Electrolyzers - Denmark 07 23 Back to index Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $229M (▲852%) 1(▼50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $260M 2 1 2 0 Energy Storage Tech (Blue World Technologies) (# Cos: 39 | $387M) Hydrogen (Everfuel) (# Cos: 8 | $299M) Hydrogen Generation (MASH MAKES) (# Cos: 3 | $260M) Electrolysis (Hymeth) (# Cos: 2 | $260M) Alkaline (GreenHydrogen) (# Cos: 2 | $260M) GreenHydrogen (2007, Kolding, $259M) Hymeth (2016, Frederiksberg, $891K) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. GreenHydrogen (2007, Kolding) $229M - Series C - Mar 2021
  • 24. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Internet First Point of Sale Financing - Denmark 08 24 Back to index Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $120M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $132M 1 - 1 1 Alternative Lending (Samlino.dk) (# Cos: 33 | $192M) Online Lenders (Lendino) (# Cos: 17 | $167M) Consumer Loans (MyC4) (# Cos: 9 | $157M) Direct Lender (ViaBill) (# Cos: 1 | $132M) ViaBill (2014, Risskov, $132M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. ViaBill (2014, Risskov) $120M - Series B - Feb 2022
  • 25. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Podcast Aggregators - Denmark 09 25 Back to index Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $78.0M (▲148%) 1(▼50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $117M 1 - 2 1 Radio Tech (WARM) (# Cos: 18 | $119M) Internet Radio & Podcast (DDB2) (# Cos: 17 | $117M) Streaming (MusicSense) (# Cos: 16 | $117M) Podcast (OmniPod) (# Cos: 6 | $117M) Network (Heartbeats) (# Cos: 5 | $117M) Aggregator (Podimo) (# Cos: 2 | $117M) Podimo (2019, Copenhagen, $117M) Heartbeats (2014, Copenhagen) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Podimo (2019, Copenhagen) $78.0M - Series B - Nov 2021
  • 26. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Muna Therapeutics (2020, Copenhagen) $73.0M - Series A - Jul 2021 Neurodegenerative Disorders Drugs - Denmark 10 26 Back to index Neurology (Muna Therapeutics) (# Cos: 26 | $299M) Drugs (Egalet) (# Cos: 11 | $280M) Neurodegenerative (Lundbeck) (# Cos: 4 | $87.3M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $73.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $87.3M 4 2 4 1 Lundbeck (1915, Copenhagen) Muna Therapeutics (2020, Copenhagen, $73.0M) Neurosearch (1989, Ballerup, $14.3M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 27. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Automated Testing Tools - Denmark 11 27 Back to index Software Testing Tools (Encida) (# Cos: 13 | $79.6M) Automated Testing Tools (Leapwork) (# Cos: 4 | $79.6M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $68.3M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $79.6M 2 - 4 1 Leapwork (2015, Copenhagen, $79.6M) Encida (2019, Aalborg) LessPainful (2011, Aarhus) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Leapwork (2015, Copenhagen) $62.0M - Series B - Aug 2021 Leapwork (2015, Copenhagen) $6.3M - Series A - Jun 2021
  • 28. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds IT Ops Automation - Denmark 12 28 Back to index Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $68.3M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $79.6M 1 - 1 1 Robotic Process Automation (Jatana) (# Cos: 7 | $79.6M) Basic Automation (Foxtrot Alliance) (# Cos: 3 | $79.6M) Multi-Industry (Cognifirm) (# Cos: 3 | $79.6M) IT Ops (Leapwork) (# Cos: 1 | $79.6M) Leapwork (2015, Copenhagen, $79.6M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Leapwork (2015, Copenhagen) $62.0M - Series B - Aug 2021 Leapwork (2015, Copenhagen) $6.3M - Series A - Jun 2021
  • 29. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Leapwork (2015, Copenhagen) $62.0M - Series B - Aug 2021 Leapwork (2015, Copenhagen) $6.3M - Series A - Jun 2021 IT Automation - Denmark 13 29 Back to index IT Operations (Humio) (# Cos: 42 | $215M) ITOM (LogPoint) (# Cos: 21 | $182M) IT Automation (Leapwork) (# Cos: 1 | $79.6M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $68.3M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $79.6M 1 - 1 1 Leapwork (2015, Copenhagen, $79.6M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 30. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Adcendo (2017, Copenhagen) $61.6M - Series A - Apr 2021 Drugs for Multiple Cancer Types - Denmark 14 30 Back to index Oncology (Genmab) (# Cos: 39 | $1.2B) Drugs (IO Biotech) (# Cos: 27 | $1.2B) Diversified (Symphogen) (# Cos: 20 | $1.1B) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $61.6M (▼66.1%) 1(▼66.7%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $1.1B 14 4 20 1 Symphogen (2000, Ballerup, $598M) IO Biotech (2014, Copenhagen, $175M) Genmab (1999, Copenhagen, $157M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 31. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Online Storefront for Individual Coaches - Denmark 15 31 Back to index Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $61.0M (▲2991%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $65.5M 2 - 2 1 Fitness & Wellness Tech (Motosumo) (# Cos: 93 | $125M) Tools for Fitness Professionals (Athliit) (# Cos: 12 | $65.5M) Individual Coaches (Zenfit) (# Cos: 4 | $65.5M) Online Storefront (Lenus) (# Cos: 2 | $65.5M) Lenus (2016, Copenhagen, $65.5M) Zenfit (2015, Copenhagen, $7.1K) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Lenus (2016, Copenhagen) $61.0M - Series A - May 2021
  • 32. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Templafy (2014, Copenhagen) $60.0M - Series D - Jun 2021 Document Template Management - Denmark 16 32 Back to index Enterprise Information Management (CluedIn) (# Cos: 22 | $197M) Enterprise Content Management (Digizuite) (# Cos: 12 | $155M) Template Management (Templafy) (# Cos: 1 | $147M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $60.0M (▲129%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $147M 1 - 1 1 Templafy (2014, Copenhagen, $147M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 33. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Professional Service Robots - Denmark 17 33 Back to index Professional Service Robots (Agro Intelligence) (# Cos: 28 | $107M) Multi Utility (Blue Ocean Robotics) (# Cos: 3 | $80.4M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $51.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $80.4M 1 - 3 1 Blue Ocean Robotics (2013, Odense, $80.4M) Capra Robotics (2017, Tranbjerg) Polaris (2018, Aalborg) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Blue Ocean Robotics (2013, Odense) $51.0M - Series B - Jan 2022
  • 34. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds NMD Pharma (2015, Aarhus) $39.6M - Series B - Feb 2022 NMD Pharma (2015, Aarhus) $8.5M - Series A - Apr 2021 Neuromuscular Disorder Drugs - Denmark 18 34 Back to index Neurology (Lundbeck) (# Cos: 26 | $299M) Drugs (Egalet) (# Cos: 11 | $280M) Neuromuscular (NMD Pharma) (# Cos: 1 | $116M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $48.1M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $116M 1 - 1 1 NMD Pharma (2015, Aarhus, $116M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 35. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds CytoKi Pharma (2019, Vaerlose) $45.0M - Series A - May 2021 CytoKi Pharma (2019, Vaerlose) $19.2K - Seed - Apr 2021 Aesthetic Medicines - Denmark 19 35 Back to index Dermatology (Advalight) (# Cos: 10 | $666M) Drugs (LEO Pharma) (# Cos: 4 | $633M) Aesthetics (CytoKi Pharma) (# Cos: 2 | $48.4M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $45.0M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $48.4M 2 - 2 1 CytoKi Pharma (2019, Vaerlose, $45.0M) Valderm (2003, Lyngby, $3.4M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 36. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Wound Healing Drugs - Denmark 20 36 Back to index Wound Care (Reapplix) (# Cos: 6 | $99.0M) Drugs (CytoKi Pharma) (# Cos: 2 | $45.0M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $45.0M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $45.0M 2 - 2 1 CytoKi Pharma (2019, Vaerlose, $45.0M) Micuri (2011, Copenhagen) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. CytoKi Pharma (2019, Vaerlose) $45.0M - Series A - May 2021 CytoKi Pharma (2019, Vaerlose) $19.2K - Seed - Apr 2021
  • 37. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Agreena (2016, Copenhagen) $22.7M - Series A - Feb 2022 Agreena (2016, Copenhagen) $6.0M - Seed - Mar 2021 Agreena (2016, Copenhagen) $4.7M - Seed - Oct 2021 Klimate (2020, Copenhagen) $879K - Seed - Sep 2021 Klimate (2020, Copenhagen) $95.4K - Seed - Mar 2021 Carbon Offset Trading - Denmark 21 37 Back to index Air Pollution Management Tech (DMI) (# Cos: 19 | $45.3M) Carbon Management (Klimate) (# Cos: 14 | $45.3M) Carbon Offset Trading Platforms (Agreena) (# Cos: 7 | $34.9M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $34.3M (▲ >10K%) 5(▲400%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $34.9M 6 - 7 1 Agreena (2016, Copenhagen, $33.9M) Klimate (2020, Copenhagen, $991K) Climaider (2018, Copenhagen) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 38. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Contractbook (2015, Copenhagen) $30.0M - Series B - May 2021 Contract Lifecycle Management - Denmark 22 38 Back to index Legal Tech (LegalDesk) (# Cos: 27 | $44.5M) Legal Contract Management (Esignatur) (# Cos: 5 | $43.6M) Contract Lifecycle Management (Contractbook) (# Cos: 3 | $43.6M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $30.0M (▲219%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $43.6M 1 - 3 1 Contractbook (2015, Copenhagen, $43.6M) Contractpedia (2015, Holbaek) Contraman (2014, Copenhagen) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 39. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Nuclear Imaging Devices - Denmark 23 39 Back to index Imaging Diagnostics (Nanovi) (# Cos: 4 | $88.3M) Nuclear Imaging (MedTrace) (# Cos: 1 | $46.7M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $30.0M (▲136%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $46.7M 1 - 1 0 MedTrace (2015, Copenhagen, $46.7M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. MedTrace (2015, Copenhagen) $30.0M - Series B - May 2021
  • 40. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Healthcare IT > Value Based Care > Care Coordination > Care Planning & Management > Emergency - Denmark 24 40 Back to index Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $27.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $34.0M 1 - 1 1 Healthcare IT (Visiopharm) (# Cos: 116 | $206M) Value Based Care (Brain+) (# Cos: 36 | $110M) Care Coordination (Wear & Care Technologies) (# Cos: 5 | $44.5M) Care Planning & Management (Monsenso) (# Cos: 5 | $44.5M) Emergency (Corti) (# Cos: 1 | $34.0M) Corti (2016, Copenhagen, $34.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Corti (2016, Copenhagen) $27.0M - Series A - Aug 2021
  • 41. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Corti (2016, Copenhagen) $27.0M - Series A - Aug 2021 Voice Assistants for Doctors - Denmark 25 41 Back to index Speech and Voice Recognition (Retune DSP) (# Cos: 4 | $34.0M) Applications (Speechminers) (# Cos: 3 | $34.0M) Clinical Documentation (Corti) (# Cos: 1 | $34.0M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $27.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $34.0M 1 - 1 1 Corti (2016, Copenhagen, $34.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 42. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Healthcare IT > Provider > Clinical Operations > Decision Support > Suite Solutions > Generic - Denmark 26 42 Back to index Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $25.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $25.0M 3 - 3 1 Healthcare IT (Corti) (# Cos: 116 | $206M) Provider (Brainreader) (# Cos: 72 | $93.6M) Clinical Operations (CathVision) (# Cos: 26 | $83.2M) Decision Support (Visiopharm) (# Cos: 25 | $83.2M) Suite Solutions (FindZebra) (# Cos: 3 | $25.0M) Generic (Dawn Health) (# Cos: 3 | $25.0M) Dawn Health (2016, Copenhagen, $25.0M) FindZebra (2013, Copenhagen) Daintel (2004, Kongens Lyngby) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Dawn Health (2016, Copenhagen) $25.0M - Series B - Nov 2021
  • 43. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Internet First Banks for Businesses with Partner Bank's License - Denmark 27 43 Back to index Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $22.5M (▲1823%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $31.4M 2 - 2 1 Banking Tech (NewBanking) (# Cos: 27 | $634M) Internet First Banks (Hufsy) (# Cos: 4 | $579M) Through Bank Partnerships (Lunar) (# Cos: 3 | $579M) Business Banking (kompasbank) (# Cos: 2 | $31.4M) kompasbank (2018, Vedbaek, $30.2M) Hufsy (2015, Copenhagen, $1.2M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. kompasbank (2018, Vedbaek) $22.5M - Series A - Mar 2021
  • 44. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Famly (2013, Frederiksberg) $18.0M - Series A - Nov 2021 Pre School Management Software - Denmark 28 44 Back to index Mom & Baby Care (Reshopper) (# Cos: 40 | $28.7M) ChildCare Providers (Kidsy) (# Cos: 5 | $24.5M) Management Softwares (Famly) (# Cos: 2 | $24.5M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $18.0M (▲4279%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $24.5M 1 - 2 1 Famly (2013, Frederiksberg, $24.5M) Kidsy (2015, Aarhus) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 45. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Famly (2013, Frederiksberg) $18.0M - Series A - Nov 2021 Pre School Management Software - Denmark 29 45 Back to index Pre-K EdTech (Maneno) (# Cos: 12 | $28.9M) Pre K School IT (Parent) (# Cos: 4 | $24.5M) School Management Software (Famly) (# Cos: 4 | $24.5M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $18.0M (▲4279%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $24.5M 1 - 4 1 Famly (2013, Frederiksberg, $24.5M) Parent (2015, Copenhagen) Assemble (2005, Aarhus) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 46. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Famly (2013, Frederiksberg) $18.0M - Series A - Nov 2021 ERP for Schools - Denmark 30 46 Back to index ERP (Columbus) (# Cos: 45 | $31.7M) Education (Parent) (# Cos: 7 | $24.5M) Schools (Famly) (# Cos: 6 | $24.5M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $18.0M (▲4279%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $24.5M 1 - 6 1 Famly (2013, Frederiksberg, $24.5M) Parent (2015, Copenhagen) inLogic (2008, Horsens) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 47. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Famly (2013, Frederiksberg) $18.0M - Series A - Nov 2021 School Management Software - Denmark 31 47 Back to index K-12 EdTech (Labster) (# Cos: 75 | $146M) School IT (Netop) (# Cos: 12 | $24.7M) Suite (Famly) (# Cos: 5 | $24.5M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $18.0M (▲4279%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $24.5M 1 - 5 1 Famly (2013, Frederiksberg, $24.5M) Parent (2015, Copenhagen) inLogic (2008, Horsens) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 48. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Enterprise Search - Denmark 32 48 Back to index Enterprise Information Management (Templafy) (# Cos: 22 | $197M) Enterprise Search (Raffle) (# Cos: 1 | $19.5M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $17.9M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $19.5M 1 - 1 1 Raffle (2018, Copenhagen, $19.5M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Raffle (2018, Copenhagen) $17.9M - Series A - Feb 2022
  • 49. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Knowledge Management - Denmark 33 49 Back to index Enterprise Collaboration (Forecast) (# Cos: 93 | $106M) Knowledge Management (Raffle) (# Cos: 1 | $19.5M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $17.9M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $19.5M 1 - 1 1 Raffle (2018, Copenhagen, $19.5M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Raffle (2018, Copenhagen) $17.9M - Series A - Feb 2022
  • 50. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Raffle (2018, Copenhagen) $17.9M - Series A - Feb 2022 Knowledge Management - Denmark 34 50 Back to index Customer Service Software (Dixa) (# Cos: 29 | $185M) Customer Self Service (Jatana) (# Cos: 11 | $19.5M) Knowledge Management (Raffle) (# Cos: 1 | $19.5M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $17.9M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $19.5M 1 - 1 1 Raffle (2018, Copenhagen, $19.5M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 51. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Monta (2020, Copenhagen) $17.0M - Series A - Dec 2021 Electric Vehicle Charging Station Management Software - Denmark 35 51 Back to index Energy Storage Tech (Everfuel) (# Cos: 39 | $387M) Charging (Spirii) (# Cos: 13 | $58.9M) Station Management IT (Monta) (# Cos: 3 | $22.8M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $17.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $22.8M 1 - 3 1 Monta (2020, Copenhagen, $22.8M) eluTAG (2020, Copenhagen) Flexecharge (2019, Copenhagen) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 52. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Blue World Technolo.. (2018, Aalborg) $16.9M - Series B - Dec 2021 Direct Methanol Fuel Cells - Denmark 36 52 Back to index Energy Storage Tech (Everfuel) (# Cos: 39 | $387M) Fuel Cell (Danish Power Systems) (# Cos: 5 | $25.8M) Direct Methanol (Blue World Technologies) (# Cos: 1 | $25.8M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $16.9M (▲117%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $25.8M 1 - 1 1 Blue World Technologies (2018, Aalborg, $25.8M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 53. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds eSports Tournament Organizers - Denmark 37 53 Back to index eSports (Astralis) (# Cos: 15 | $257M) League Organizers (BLAST Premier) (# Cos: 2 | $217M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $16.3M (▼13.6%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $217M 1 - 2 1 BLAST Premier (2016, Copenhagen, $217M) BLAST Titans Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. BLAST Premier (2016, Copenhagen) $16.3M - Series A - Aug 2021
  • 54. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Online Skin Care Products Retailers - Denmark 38 54 Back to index Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $15.9M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $15.9M 1 - 3 1 Beauty Tech (Bapoon) (# Cos: 32 | $34.4M) Ecommerce (Goodiebox) (# Cos: 24 | $34.4M) Skin Care (Skin&Tonic) (# Cos: 6 | $15.9M) Multi Category (True North Skincare) (# Cos: 6 | $15.9M) Full Range (Kimovi) (# Cos: 6 | $15.9M) Retail (HelloSkin) (# Cos: 3 | $15.9M) HelloSkin (2016, Copenhagen, $15.9M) Skin&Tonic (2016, Vejle) Mask-a-holic (2019, Bagsvaerd) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. HelloSkin (2016, Copenhagen) $15.9M - Series A - Mar 2021
  • 55. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Unibio (2001, Odense) $15.0M - Series D - Jun 2021 SNIPR Biome (2015, Copenhagen) $373K - Series A - Sep 2021 Life Sciences Research Services - Denmark 39 55 Back to index Life Sciences Platforms and Tools (ALK-Abello) (# Cos: 81 | $367M) Research Services (Biosyntia) (# Cos: 38 | $198M) Diversified (AFYX Therapeutics) (# Cos: 25 | $196M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $15.4M (▲2698%) 2(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $196M 15 2 25 5 AFYX Therapeutics (2013, Copenhagen, $33.3M) Biosyntia (2012, Copenhagen, $7.8M) ALK-Abello (1923, Hoersholm) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 56. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Trading & Investment Compliance - Denmark 40 56 Back to index Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $15.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $15.0M 1 - 1 1 GRC Software (ComplyCloud) (# Cos: 53 | $34.9M) Compliance (Legal Monster) (# Cos: 36 | $31.8M) Industry (Risk Intelligence) (# Cos: 7 | $24.6M) Banking & Finance (Intercompany Software) (# Cos: 4 | $15.0M) Trading & Investment (Shield) (# Cos: 1 | $15.0M) Shield (2017, Soborg, $15.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Shield (2017, Soborg) $15.0M - Series A - Jan 2022
  • 57. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds CluedIn (2015, Copenhagen) $15.0M - Series A - Apr 2021 Master Data Management - Denmark 41 57 Back to index Enterprise Information Management (Templafy) (# Cos: 22 | $197M) Enterprise Data Management (Weld) (# Cos: 9 | $21.9M) Master Data Management (CluedIn) (# Cos: 2 | $15.0M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $15.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $15.0M 1 - 2 1 CluedIn (2015, Copenhagen, $15.0M) StiboSystemsNA (1976, Hojbjerg) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 58. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Indoor Navigation Systems - Denmark 42 58 Back to index Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $13.8M (▲134%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $22.2M 1 1 1 0 Geographic Information Systems (FieldSense) (# Cos: 24 | $27.8M) Positioning & Navigation (GOT-Industry) (# Cos: 3 | $22.2M) Navigation (RoadRUNNER Rides) (# Cos: 2 | $22.2M) Indoor (MapsPeople) (# Cos: 1 | $22.2M) MapsPeople (1897, Norresundby, $22.2M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. MapsPeople (1897, Norresundby) $13.8M - Series B - May 2021
  • 59. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Online Ordering Solutions - Denmark 43 59 Back to index Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $12.7M (▲846%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $37.4M 1 - 3 1 Food Tech (Too Good To Go) (# Cos: 68 | $202M) Technology Enablers (eSmiley) (# Cos: 18 | $57.4M) Restaurants (Superb) (# Cos: 14 | $57.2M) Online Ordering Solutions (OrderYOYO) (# Cos: 3 | $37.4M) OrderYOYO (2014, Copenhagen, $37.4M) Takeout Group (2001, Copenhagen) NemTakeAway (2014, Aarhus) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. OrderYOYO (2014, Copenhagen) $12.7M - Series B - Jun 2021
  • 60. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds White Label Prepaid Cards Solutions - Denmark 44 60 Back to index Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $9.5M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $28.7M 1 - 2 1 Payments (Pleo) (# Cos: 67 | $5.8B) Enablers (Nordic API Gateway) (# Cos: 16 | $5.2B) White Label Solutions (Clearhaus) (# Cos: 4 | $125M) Payment Cards (SafePay) (# Cos: 2 | $28.7M) Prepaid Cards (Cardlay) (# Cos: 2 | $28.7M) Cardlay (2016, Odense, $28.7M) SafePay (2014, Hellerup) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Cardlay (2016, Odense) $9.5M - Series B - Apr 2021
  • 61. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Surgical Navigation Systems - Denmark 45 61 Back to index Surgical Instruments (SurgeryTech) (# Cos: 3 | $13.9M) Navigation Systems (FluoGuide) (# Cos: 2 | $13.9M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $9.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $13.9M 2 - 2 0 FluoGuide (2018, Copenhagen, $13.9M) SurgeryTech (2018, Aarhus) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. FluoGuide (2018, Copenhagen) $9.0M - Series B - May 2021
  • 62. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds FluoGuide (2018, Copenhagen) $9.0M - Series B - May 2021 Cancer Surgery Navigation Devices - Denmark 46 62 Back to index Oncology (Symphogen) (# Cos: 39 | $1.2B) Medical Devices (Spiromagic) (# Cos: 2 | $14.7M) Navigation (FluoGuide) (# Cos: 1 | $13.9M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $9.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $13.9M 1 - 1 0 FluoGuide (2018, Copenhagen, $13.9M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 63. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Content Publishing Platforms - Denmark 47 63 Back to index Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $8.8M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $12.3M 2 - 2 0 Content Management System (CMS) (LeadDoubler) (# Cos: 7 | $12.3M) Web CMS (Mono Solutions) (# Cos: 7 | $12.3M) Application Specific CMS (Unsilo) (# Cos: 2 | $12.3M) Content Publishing (Umbraco) (# Cos: 2 | $12.3M) Umbraco (2002, Odense, $9.1M) Unsilo (2012, Aarhus, $3.1M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Umbraco (2002, Odense) $8.8M - Seed - Aug 2021
  • 64. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds P2P Intercity Car Rentals - Denmark 48 64 Back to index Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $8.8M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $17.0M 3 - 4 1 Online Travel (Pleo) (# Cos: 113 | $558M) Transportation (Boatflex) (# Cos: 18 | $18.5M) Car (Rentecarlo) (# Cos: 10 | $17.0M) Rental (GreenMobility) (# Cos: 10 | $17.0M) Aggregator (MinBil) (# Cos: 5 | $17.0M) P2P (GoMore) (# Cos: 4 | $17.0M) GoMore (2005, Copenhagen, $17.0M) MinBil (2013, Copenhagen) Rentecarlo (2013, Copenhagen) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. GoMore (2005, Copenhagen) $8.8M - Series A - Apr 2021
  • 65. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds BACTOLIFE (2017, Lyngby) $8.4M - Seed - Apr 2021 SNIPR Biome (2015, Copenhagen) $373K - Series A - Sep 2021 Anti Bacterial Drugs - Denmark 49 65 Back to index Infectious Diseases (UVD Robots) (# Cos: 24 | $872M) Drugs (Bavarian Nordic) (# Cos: 17 | $267M) Bacterial (SNIPR Biome) (# Cos: 11 | $159M) Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $8.8M (▼85%) 2(▼60%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $159M 9 1 11 3 SNIPR Biome (2015, Copenhagen, $53.9M) UNION Therapeutics (2013, Hellerup, $25.1M) Minervax (2010, Hellerup, $66.9M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 66. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Recent Funding Rounds Online Beauty and Personal Care Products Subscription Retailers - Denmark 50 66 Back to index Taxonomy $ Invested in last 1 year in Denmark Tech Key Stats # Funding Rounds in last 1 year in Denmark Tech $7.6M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $18.5M 2 - 3 1 Beauty Tech (Bapoon) (# Cos: 32 | $34.4M) Ecommerce (HelloSkin) (# Cos: 24 | $34.4M) Multi Category (Ladybox) (# Cos: 11 | $18.5M) Full Range (Shavesafe) (# Cos: 7 | $18.5M) Retail (Luxplus) (# Cos: 6 | $18.5M) Subscription (Goodiebox) (# Cos: 3 | $18.5M) Goodiebox (2012, Copenhagen, $18.5M) Goodiebox Luxplus Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Goodiebox (2012, Copenhagen) $7.6M - Series A - Mar 2021
  • 67. Denmark Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Recent funding rounds Investment Trends Most Active Investors Top Funded Business Models Explore more on Tracxn All Tech Companies Denmark Tech Companies Online Travel Companies Companies using AI in Healthcare Companies founded by Stanford GSB Alumni Soonicorn club in Fintech Analyst Picks in Denmark Tech Key News in FinTech Events in United States Angel Investors in Denmark Bluebox Companies Investment Activity Miscellaneous Company Detail Page of Lunar Competitors of Danfoss Cap Table for FluoGuide Financials for Ola Employee Count for Revolut Company Due Diligence Exits Public Companies Acquired Companies Most Active Acquirers Reports Delhivery - Company Report Novel Foods - Business Model Report HRTech - Feed Report FinTech - Top Business Models Report US Tech - Top Business Models Report US Tech - Monthly Report 67
  • 68. Denmark Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Explore other Reports on Tracxn HRTech InsurTech Food Tech Novel Foods Blockchain Network P2P Remittance Business Model Reports Consumer Digital - Denmark Enterprise Tech - Denmark Life Sciences - Denmark Feed Geo Reports Company Reports Monthly Unicorn Report Unicorn Reports Transferwise Coursera BigBasket Feed Reports Top Business Models in PA FinTech Enterprise Applications Artificial Intelligence Geo Monthly Reports US Tech Europe Tech China Tech Top Business Models in Geo India Tech Israel Tech UK & Ireland Tech 68
  • 69. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Denmark Tech - Top Business Models Report Thank You 69 Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Limited including but not limited to the information contained herein ("Data") is the sole property of Tracxn Technologies Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or sell the Data or any portion thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any portion thereof; to any other party, except with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the Data into analysis, presentations or tools for your customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information. For further information please refer to our Terms of Use at www.tracxn.com