Vaekstfonden – The Danish Growth Fund – is the Danish state's investment fund. We strive to improve access to risk capital to enable Danish businesses to innovate, and to generate growth and new jobs. In close collaboration with banks and domestic and international private investors, we finance companies from all sectors nation-wide. We can accompany you for the entire journey – from your company’s infancy through growth phases to expansion abroad and even to an initial public offering.
Keepit is a company that specializes in data protection solutions for cloud-based applications. It offers a blockchain-verified service that ensures the security of data stored in key business platforms such as Microsoft 365, Microsoft Azure AD, Google, and Salesforce. Headquartered in Copenhagen, Keepit operates globally with a network of offices and data centers, providing reliable cloud-to-cloud backup and recovery services. The company is designed to cater to medium to large organizations, both private and public, by enabling them to safeguard their virtual data against loss or corruption. Trusted by thousands of companies worldwide, Keepit focuses on maintaining professional IT operations through effective managed hosting and customer support services.
Onomondo
Series A in 2022
Onomondo is a Copenhagen-based company that operates a global cellular network designed to facilitate connectivity for Internet of Things (IoT) devices. Founded in 2012, Onomondo provides a technology platform that enables businesses to merge various mobile networks into a single international home network, promoting a roaming-free experience for consumers and mobile virtual network operators. Its solutions help reduce costs and enhance average revenues by offering unified network solutions and seamless transitions between local GSM networks for both subscribers and machine-to-machine communications. The platform also features a connectivity marketplace, allowing enterprises to prioritize network selection based on cost, coverage, and performance while avoiding operator lock-in. By integrating existing network infrastructures, Onomondo supports secure global deployments with a single network provider, addressing challenges related to permanent roaming issues.
Keepit
Debt Financing in 2022
Keepit is a company that specializes in data protection solutions for cloud-based applications. It offers a blockchain-verified service that ensures the security of data stored in key business platforms such as Microsoft 365, Microsoft Azure AD, Google, and Salesforce. Headquartered in Copenhagen, Keepit operates globally with a network of offices and data centers, providing reliable cloud-to-cloud backup and recovery services. The company is designed to cater to medium to large organizations, both private and public, by enabling them to safeguard their virtual data against loss or corruption. Trusted by thousands of companies worldwide, Keepit focuses on maintaining professional IT operations through effective managed hosting and customer support services.
Sundew
Seed Round in 2021
Sundew is a biotechnology company founded in 2018 and headquartered in Copenhagen. The company specializes in providing biological services designed to treat aquatic pests and diseases through innovative solutions. Utilizing precision fermentation, Sundew develops environmentally-friendly products aimed at addressing challenges in the aquaculture market, including the management of invasive species and ecological issues such as red tides. By focusing on unmet needs within this sector, Sundew enables its clients to create effective, cost-efficient solutions that are both climate-friendly and sustainable.
Nordetect
Seed Round in 2021
Nordetect, based in Copenhagen and founded in 2016, is an analytical hardware company that specializes in Lab-on-a-chip devices designed for environmental and agricultural analysis. The company aims to integrate medical-grade technology into the farming sector, offering solutions for nutrient analysis to optimize crop performance. Nordetect's technology enables farm managers, agricultural service providers, and indoor growers to conduct reliable and affordable testing of soil nutrients, specifically nitrogen, phosphorus, and potassium. By providing clear and actionable data, the company helps users make informed decisions about fertilizer usage and agricultural practices, ultimately leading to improved harvests.
Proper
Seed Round in 2021
Proper is a company based in Copenhagen, Denmark, that offers a comprehensive platform designed to assist property owners and tenants in managing their properties. Founded in 2017, Proper's intelligent platform automates operational tasks associated with residential and commercial leases, garages, and parking lots. Additionally, Proper provides software and APIs that help businesses manage and reconcile their payment data across various financial providers. By connecting banks, API providers, and payment networks, Proper enables companies to maintain financial accuracy at scale, streamline payment operations, and enhance their financial infrastructure.
Workee
Debt Financing in 2020
Workee ApS has built a mobile-first HR tech platform for recruiting and onboarding of non-desk employees. It consists of two products: Workee, #1 blue-collar job app in Denmark, and Wisp, mobile intranet app builder.
Son of a Tailor
Grant in 2020
Son of a Tailor is a Denmark-based company located in Copenhagen that specializes in custom-fitted T-shirt tailoring services. The company focuses on providing clients with wardrobe essentials tailored to their exact measurements, utilizing innovative processes to minimize waste in clothing production. By prioritizing high-quality materials, Son of a Tailor aims to deliver ethical and sustainable clothing options that stand apart from mass-produced garments.
Ulobby
Venture Round in 2020
Ulobby is a Copenhagen-based company founded in 2016 that offers a software as a service (SaaS) platform designed for public affairs and stakeholder relations management. The platform enables users to engage in lobbying and enhance their public affairs activities by providing tools that systematize, plan, and develop lobbying efforts. Utilizing intelligence and machine learning, Ulobby's platform collects relevant political information and data, allowing clients to monitor issues, manage activities, and gather political intelligence effectively. This approach professionalizes lobbying efforts, making it accessible to a broader audience.
2021.AI
Seed Round in 2020
2021.AI is a company that addresses the increasing demand for effective oversight and management of applied artificial intelligence. The firm leverages its expertise in data science and its proprietary AI platform, GRACE, to help organizations tackle complex business challenges. GRACE enables clients to automate processes, gain valuable insights, and enhance decision-making while ensuring comprehensive data governance. This focus on responsible and transparent model development sets 2021.AI apart in the marketplace. Headquartered in Copenhagen, the company has a global presence with employees in five locations, reflecting its commitment to serving clients and partners worldwide.
GamerzClass
Venture Round in 2020
GamerzClass ApS, founded in 2018 and based in Copenhagen, Denmark, specializes in providing esports masterclasses led by professionals to enhance gaming skills. The company offers a comprehensive online platform that includes personalized recommendations for users, along with a range of e-learning materials and video courses tailored for gamers. By collaborating with top players, GamerzClass develops step-by-step programs and instructional content aimed at helping individuals improve their gaming abilities. Through premium subscriptions, the platform also shares revenue with content creators, fostering a collaborative environment within the gaming community.
CathVision
Venture Round in 2020
CathVision ApS, founded in 2010 and based in Copenhagen, Denmark, specializes in developing innovative electrophysiology recording systems designed to assist medical professionals in guiding cardiac ablation procedures for treating arrhythmias. The company offers the CathVision Cube, a low-noise recording system that interfaces seamlessly with various diagnostic, mapping, and ablation catheters. In addition to its hardware, CathVision develops advanced software that supports real-time streaming and analysis of electrophysiology signals, providing multiple review windows for physicians at remote workstations and monitors. By integrating artificial intelligence into its technology, CathVision enhances the accuracy and efficiency of signal analysis, enabling healthcare providers to make informed decisions during ablation therapy.
Nordetect
Venture Round in 2020
Nordetect, based in Copenhagen and founded in 2016, is an analytical hardware company that specializes in Lab-on-a-chip devices designed for environmental and agricultural analysis. The company aims to integrate medical-grade technology into the farming sector, offering solutions for nutrient analysis to optimize crop performance. Nordetect's technology enables farm managers, agricultural service providers, and indoor growers to conduct reliable and affordable testing of soil nutrients, specifically nitrogen, phosphorus, and potassium. By providing clear and actionable data, the company helps users make informed decisions about fertilizer usage and agricultural practices, ultimately leading to improved harvests.
Meo
Venture Round in 2020
Meo, founded in 2015 and based in Copenhagen, Denmark, operates a user identity platform designed to enhance trust in the internet economy. The platform enables compliance teams in regulated sectors to verify customer identities securely, thereby mitigating financial, reputational, and legal risks. It simplifies the management of customer data, allowing businesses to obtain, handle, and store information from both individuals and organizations while ensuring compliance with privacy regulations. By facilitating secure data sharing and implementing measures to prevent money laundering, Meo empowers users to maintain control over their personal data and identity online.
Goodiebox
Series A in 2019
Goodiebox ApS, founded in 2012 and based in Copenhagen, Denmark, operates as an online cosmetic company that specializes in delivering subscription boxes filled with a curated selection of cosmetics and beauty products. Targeting women aged 15 to 35, the company partners with both large international brands and smaller niche brands, allowing these businesses to connect directly with a specific audience interested in their offerings. The product range includes face masks, primers, cleansers, toners, shampoos, conditioners, lotions, and serums, catering to a variety of beauty needs. Goodiebox aims to foster relationships between beauty brands and consumers, creating an accessible platform for purchasing everyday cosmetic products.
Keepit
Debt Financing in 2019
Keepit is a company that specializes in data protection solutions for cloud-based applications. It offers a blockchain-verified service that ensures the security of data stored in key business platforms such as Microsoft 365, Microsoft Azure AD, Google, and Salesforce. Headquartered in Copenhagen, Keepit operates globally with a network of offices and data centers, providing reliable cloud-to-cloud backup and recovery services. The company is designed to cater to medium to large organizations, both private and public, by enabling them to safeguard their virtual data against loss or corruption. Trusted by thousands of companies worldwide, Keepit focuses on maintaining professional IT operations through effective managed hosting and customer support services.
Blazar Capital
Seed Round in 2019
Blazar Capital is a company builder focused on the Internet sector, founded in 2017 by Christian Arnstedt, Vasilij Brandt, and Pascar Sivam. Headquartered in Copenhagen, Denmark, with additional offices in Sunnyvale and Los Angeles, Blazar Capital partners with entrepreneurs and CEOs to develop innovative ideas into successful businesses. The company provides both investment and expertise, enabling the rapid establishment of brands that can achieve global leadership. Notable brands launched by Blazar Capital include Chamberlain Coffee, Nordgreen, Scandinavian Biolabs, and MessyWeekend. The firm is supported by investors such as Chr. Augustinus Fabrikker and Vaekstfonden, as well as various angel investors.
2021.AI
Seed Round in 2019
2021.AI is a company that addresses the increasing demand for effective oversight and management of applied artificial intelligence. The firm leverages its expertise in data science and its proprietary AI platform, GRACE, to help organizations tackle complex business challenges. GRACE enables clients to automate processes, gain valuable insights, and enhance decision-making while ensuring comprehensive data governance. This focus on responsible and transparent model development sets 2021.AI apart in the marketplace. Headquartered in Copenhagen, the company has a global presence with employees in five locations, reflecting its commitment to serving clients and partners worldwide.
Insurance Business Applications
Venture Round in 2018
Insurance Business Applications ApS specializes in designing, developing, and implementing software solutions tailored for the insurance industry, including services for insurance companies, agents, aggregators, and brokers. The company's diverse product portfolio features tools such as IBSales for multi-channel distribution and sales, IBMicro for automating microinsurance processes, IBPolicy for efficient policy administration, and IBClaims for managing claims. Additionally, IBIntelligence offers operational and financial reporting capabilities, while IBFoundation serves as a configurable platform for various insurance products and processes. These solutions are delivered either as Software as a Service or hosted on the clients' servers. Established in 2007 and headquartered in Copenhagen, Denmark, the company also provides technical support services, including systems installation and ongoing assistance, and engages in software development for the telecommunications sector. The focus is on enabling insurers to enhance customer experiences and streamline operations effectively.
Ontame io
Seed Round in 2018
Ontame.io is a Recruitment Analytics & Workforce Planning Platform that delivers instant insights and efficiency for talent acquisition, employer branding, and leadership powered by Machine Learning
TwentyThree
Debt Financing in 2018
TwentyThree™ is a startup with offices in San Francisco and Copenhagen. We are soon launching our breakthrough video marketing platform. Video marketer or agency - request early preview access: www.twentythree.net
Area9 Lyceum
Series A in 2018
Area9 Lyceum ApS, founded in 2017 and based in Copenhagen, Denmark, specializes in developing personalized and adaptive online learning modules for schoolchildren, students, and professionals. The company leverages a cloud-based AI platform to provide integrated educational solutions that facilitate content delivery and optimize training processes. Area9 Lyceum combines its learning activities and intellectual property with its parent group's expertise in high-technology computer science, which focuses on enhancing human value in various sectors, including call centers and legacy systems migration. By collaborating with strategic partners like Cognizant, Area9 Lyceum aims to deliver innovative learning technology that meets the evolving needs of educational institutions and businesses worldwide.
Area9 Lyceum
Venture Round in 2018
Area9 Lyceum ApS, founded in 2017 and based in Copenhagen, Denmark, specializes in developing personalized and adaptive online learning modules for schoolchildren, students, and professionals. The company leverages a cloud-based AI platform to provide integrated educational solutions that facilitate content delivery and optimize training processes. Area9 Lyceum combines its learning activities and intellectual property with its parent group's expertise in high-technology computer science, which focuses on enhancing human value in various sectors, including call centers and legacy systems migration. By collaborating with strategic partners like Cognizant, Area9 Lyceum aims to deliver innovative learning technology that meets the evolving needs of educational institutions and businesses worldwide.
CathVision
Venture Round in 2017
CathVision ApS, founded in 2010 and based in Copenhagen, Denmark, specializes in developing innovative electrophysiology recording systems designed to assist medical professionals in guiding cardiac ablation procedures for treating arrhythmias. The company offers the CathVision Cube, a low-noise recording system that interfaces seamlessly with various diagnostic, mapping, and ablation catheters. In addition to its hardware, CathVision develops advanced software that supports real-time streaming and analysis of electrophysiology signals, providing multiple review windows for physicians at remote workstations and monitors. By integrating artificial intelligence into its technology, CathVision enhances the accuracy and efficiency of signal analysis, enabling healthcare providers to make informed decisions during ablation therapy.
Happy Helper
Venture Round in 2017
Happy Helper A/S is a technology-driven company based in Copenhagen, Denmark, that operates an online booking platform for on-demand home cleaning services. The platform has facilitated over 300,000 cleanings, connecting more than 33,000 households with over 3,500 pre-screened independent cleaners, referred to as "helpers." Unlike traditional cleaning companies, Happy Helper focuses on creating a marketplace that matches customers with qualified cleaners, ensuring quality through a stringent pre-screening process. The company also offers specialized services such as final cleaning for relocations and cleaning for smaller offices and staircases. Through its innovative approach, Happy Helper aims to meet the growing demand for home cleaning services while maintaining high standards of reliability and service quality.
AllUnite
Venture Round in 2016
AllUnite is a global advertising technology platform founded in 2013 in Copenhagen, Denmark, by entrepreneurs Esben Elmoe and Kasper Gevaldig. The company specializes in audience measurement for out-of-home advertising, providing a comprehensive solution that includes hardware and technology for data collection, processing, and analysis. AllUnite's platform enables advertising firms and media agencies to measure, forecast, and target audiences effectively in various locations such as stores, cinemas, airports, and shopping centers. Additionally, it offers features for traffic and conversion rate measurement, re-targeting, and customer profiling, which help businesses deliver personalized advertisements to potential customers in close proximity to their locations.
TrueLinked
Venture Round in 2016
TrueLinked is a specialized platform dedicated to addressing the unique hiring needs within the classical music industry, particularly in opera. The company focuses on creating transparency in a sector often characterized by inefficiencies and high demands in the selection process. By leveraging social, network, and career data, TrueLinked aims to streamline the recruitment of qualified talent and skilled professionals, differentiating itself from broader, generic social networks. The platform operates within a $22 billion addressable market and has demonstrated significant traction, with over 4,700 members and bookings exceeding $1.3 million. In a strategic move to enhance its offerings, TrueLinked acquired Operabase, a comprehensive source of opera performance data, positioning itself as the essential infrastructure for the industry’s key stakeholders: artists, agents, arts organizations, and audiences. Founded in 2013 and headquartered in Copenhagen, Denmark, TrueLinked is focused on expanding its services beyond its initial niche as it continues to develop in the classical music sector.
Drivr
Seed Round in 2015
Drivr is a Copenhagen-based company that specializes in providing online cab booking applications for Android, Windows, and iOS devices. Founded in 2010, it offers a comprehensive suite of services for taxi and private hire companies, including a cloud-based fleet management platform that serves as an advanced dispatch system. Drivr's applications enable users to book rides, track vehicles, and make payments conveniently from their smartphones. The platform features a user-friendly interface and automates various operational processes without requiring upfront investments or additional development costs. It includes unlimited VOIP phone lines and is designed to operate on any PC, eliminating the need for dedicated servers. Additionally, Drivr incorporates tools for integrated advertising and detailed tracking of metrics, facilitating growth for its clients in the competitive ground transport market.
Capevo
Venture Round in 2010
Capevo A/S is a Copenhagen-based company that specializes in developing an online platform for managing digital forms. Founded in 2007, the company provides a cloud-based solution that allows users to collect, validate, and process data efficiently. Capevo's platform supports two-way integration with both internal and external data providers, facilitating seamless data exchange and enhancing operational workflows.
Sapio Systems ApS
Venture Round in 2007
Sapio Systems ApS offers ScioSphere, a software tool designed for text analysis. It serves patent attorneys and analysts, literature researchers, research scientists, professional and private investors, market analysts and researchers, and lawyers, as well as investment, industry, and legal analysts. The company was founded in 2004 and is headquartered in Copenhagen, Denmark.
Sapio Systems ApS
Venture Round in 2007
Sapio Systems ApS offers ScioSphere, a software tool designed for text analysis. It serves patent attorneys and analysts, literature researchers, research scientists, professional and private investors, market analysts and researchers, and lawyers, as well as investment, industry, and legal analysts. The company was founded in 2004 and is headquartered in Copenhagen, Denmark.
Agillic A/S
Series A in 2007
Agillic A/S is a software company based in Copenhagen, Denmark, that specializes in marketing automation solutions. Founded in 1999, Agillic provides a platform for loyalty clubs and customer communication, primarily in Denmark and the Nordic countries, but also on an international scale. The Agillic Omnichannel Marketing Automation Platform is designed to transform data into relevant and personalized communications, enabling businesses to foster meaningful relationships with their audiences. The platform utilizes the Agillic AI Engine, which leverages data analytics and mathematical models to predict and analyze customer behavior. Additionally, Agillic offers various services including training, onboarding, and professional support, allowing organizations to maximize their marketing efforts through targeted communication. By combining customer insights with the capability to deliver tailored messages at optimal times, Agillic helps clients enhance customer acquisition, retention, and growth.
Taktio
Series A in 2005
As of December 11, 2008 Taktio ApS went out of business. Taktio ApS develops and supplies man machine interfaces internationally. The company offers technology for high resolution and touch screen applications. Its products are used in mobile handset displays, computer monitors, windows, and glass walls. Taktio ApS was formerly known as O-pen ApS. The company was founded in 2003 and is based in Copenhagen, Denmark.
Nuevolution
Series A in 2001
Nuevolution is a small molecule lead discovery company founded in 2001 and based in Copenhagen, Denmark. The company has developed Chemetics®, a patented hybrid technology that combines wet chemistry and molecular biology to accelerate drug discovery. This platform facilitates the rapid synthesis and DNA-tagging of over 1 billion diverse small molecule compounds, allowing for efficient screening and identification of potent drug leads. Nuevolution partners with pharmaceutical and biotechnology companies, having established agreements with major firms such as Merck, GlaxoSmithKline, and Novartis. The company is also involved in a joint venture with EpiTherapeutics and ExpreS2ion Biotechnologies to develop small molecule drugs targeting epigenetic factors, supported by a project budget from the Danish High Technology Fund. Nuevolution focuses on developing treatments for oncology and inflammatory diseases and also provides contract research services, generating revenue from multiple countries, including Denmark, Sweden, and the USA. The company is privately owned by several key Scandinavian investors.
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