Vaekstfonden

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.

Christian Anker-Ladefoged

Analyst, VF Venture

Eva Buciek

Venture Associate

Tonni Bülow-Nielsen

Partner

Otto Bjerg Hausgaard

Investment Manager

Rolf Kjærgaard

CEO

Jesper Lilledal

Partner

Johan Bitsch Nielsen

Investment Manager

Past deals in Scandinavia

Keepit

Debt Financing in 2024
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.

QuadSAT

Series A in 2023
QuadSAT has been established as a VSAT solution and R&D company in Horsens, Denmark. Their satellite service offerings range from preventative maintenance, servicing, upgrades and new installation on Ku, C-band, and TVRO installations whether it is maritime or terrestrial. They also provide consultation, auditing, surveying and project management ensuring a reliable and efficient communications network for Their clientele. Their company has built on innovation; therefore they pay attention to the newest technologies and work on their own inventions to improve the service level in the whole satellite industry.

Chromologics

Seed Round in 2023
Chromologics is a Danish biotechnology company that specializes in the development of innovative natural food colorants. Originating as a spin-out from the Technical University of Denmark, the company utilizes a fermentation-derived platform to produce novel, sustainable color pigments. These colorants are designed to be stable across various pH levels and temperatures, making them suitable for a wide range of food applications. By offering a bio-based alternative to traditional colorants like carmine, Chromologics aims to support food producers in creating more natural products while enhancing the color of their offerings.

Breye Therapeutics

Pre Seed Round in 2022
Breye Therapeutics, a Danish-based biopharmaceutical firm in the clinical stages, is working to provide cutting-edge oral treatments for the management of retinal vascular diseases.

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.

OrderYOYO

Post in 2022
OrderYoyo is a European company that specializes in providing an online ordering system tailored specifically for restaurants and takeaways. Its primary objective is to help these businesses increase their revenue by offering a comprehensive software solution that includes a branded website, mobile applications for iPhone and Android, and a web-based ordering module. The platform allows restaurants to manage orders, payments, and menus while also providing tools for marketing, such as social media promotion, email marketing, and business intelligence analytics. OrderYoyo aims to convert customers from third-party takeaway portals into direct users of its platform, enhancing customer engagement through communication about offers and new menu items. The company operates in several European markets, including the UK, Germany, Denmark, Ireland, and Austria, positioning itself as a key player in the takeaway industry.

Factbird ApS

Series A in 2022
Factbird ApS is a spin-off from emendo consulting group. It all began with the frustration over the cost of installing data collection systems on filling lines at the Danish brewery Royal Unibrew. The consultants in emendo decided to develop better technology. The idea behind Factbird is to provide products and services which will reduce wasted resources within companies and improve the way people live and work together. Products are developed in-house and inspired by key customers and top graduate students. The company's vision is to positively impact the lives of one million people before 2025. Factbird system is used globally in more than 25 countries.

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.

Chromologics

Seed Round in 2021
Chromologics is a Danish biotechnology company that specializes in the development of innovative natural food colorants. Originating as a spin-out from the Technical University of Denmark, the company utilizes a fermentation-derived platform to produce novel, sustainable color pigments. These colorants are designed to be stable across various pH levels and temperatures, making them suitable for a wide range of food applications. By offering a bio-based alternative to traditional colorants like carmine, Chromologics aims to support food producers in creating more natural products while enhancing the color of their offerings.

MedTrace Pharma

Venture Round in 2021
MedTrace Pharma A/S, founded in 2015 and headquartered in Kongens Lyngby, Denmark, specializes in medical technology focused on improving positron emission tomography (PET) imaging. The company has developed an automated system, known as MT-100, which facilitates the bedside production and infusion of radioactive water, specifically 15O-water, into patients during PET scans. This innovative approach enhances the sensitivity of imaging results and significantly increases patient throughput. Complementing the MT-100 system is aQuant, an analytical software platform designed to interpret the PET scan data generated from the use of 15O-water. With additional offices in Boston, Massachusetts, and Uppsala, Sweden, MedTrace Pharma aims to advance clinical practices in diagnostic imaging through its cutting-edge technology.

Abzu

Seed Round in 2021
Abzu is a scientific artificial intelligence company founded in January 2018, with offices in Copenhagen, Denmark, and Barcelona, Spain. The company develops the QLattice, an innovative AI platform that aims to challenge conventional black box AI by providing transparent and explainable models. Abzu's technology is designed to assist pharmaceutical and biotech companies in accelerating drug development processes. By unlocking new disease mechanisms, discovering novel biomarkers, and validating multiple targets simultaneously, Abzu enables these companies to reduce research and development costs and enhance their discovery capabilities. Through its pioneering approach, Abzu inspires data scientists to adopt a more scientific methodology in their work.

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.

NIL Technology ApS

Venture Round in 2021
NIL Technology ApS specializes in the optical design, prototyping, mastering, and mass production of optical components. The company provides nanostructured masters for various replication technologies, including nanoimprint, UV-replication, hot embossing, roll printing, and injection molding. Its product offerings support a wide range of applications, such as diffractive optics, microlens arrays, metalenses, optical diffusers, beam splitters, waveguides for augmented and mixed reality, wire grid polarizers, structured light systems, and anti-reflection coatings. NIL Technology also develops tailored solutions for industries including biotechnology, space, consumer product packaging, and renewable energy. Established in 2006, the company is headquartered in Kongens Lyngby, Denmark, with an additional branch located in Gothenburg, Sweden.

Zymoscope

Seed Round in 2021
Zymoscope is a food-tech start-up based in Kongens Lyngby, Denmark, founded in 2019. The company specializes in developing innovative instruments for beer quality control, focusing on fermentation monitoring. Its non-invasive device attaches to fermentation tanks, providing real-time data on essential brewing parameters. This technology facilitates remote access and monitoring, allowing brewers to optimize their fermentation processes. By offering features such as instant alerts, easy data access, and batch comparison, Zymoscope enables the beer industry to enhance brewing efficiency, improve product quality, and reduce waste. Through its solutions, Zymoscope aims to support brewers in achieving better outcomes in the brewing process.

MyMonii

Debt Financing in 2021
MyMonii will help families to integrate financial education into everyday life. They want to create a service that makes it possible and simple for parents to teach their children about spending money, savings and consumption, so they can have a healthy relationship with money and can be well prepared for having to stand on its own economic feet. MyMonii have +200.000 Downloads in Denmark.

On Robot

Venture Round in 2020
On Robot manufactures robot equipment for automation tasks throughout the industry. It provides plug and produce end-of-arm tools and software solutions that help manufacturers take full advantage of the benefits of collaborative robots. The company integrates grippers, sensors, and other cobot equipment to facilitate the use of technology in applications such as packaging, quality testing, material handling, machine tending, assembly, and welding. On Robot was founded in 2015 and is based in Odense, Denmark.

Reform

Series A in 2020
Reform is a Danish design company that specializes in creating high-quality kitchen furnishings, including fronts, countertops, cabinets, and drawers. The company focuses on offering extraordinary design at reasonable prices, making it accessible for a wider audience. Reform collaborates with internationally acclaimed architects and designers, ensuring that its products are innovative and people-centered, contributing to the evolution of kitchen spaces. The brand's commitment to quality and versatility in materials has led to recognition, including the ELLE DECO International Design Award for its MATCH kitchen, designed by the Belgian duo Müller Van Severen. Through its work in interior architecture and design, Reform aims to enhance the functionality and aesthetic appeal of kitchens while maintaining affordability.

Go Dogo

Debt Financing in 2020
Go Dogo ApS, founded in 2018 and located in Kongens Lyngby, Denmark, specializes in developing artificial intelligence-based entertainment systems for dogs. The company's innovative solution features an app-controlled, wall-mounted robot that interacts with the home TV to deliver instructions and feedback, creating engaging mental workouts for dogs. By utilizing computer vision and treat dispensing, Go Dogo's system offers progressively challenging brain games tailored to each dog's learning pace and interaction preferences. This adaptability ensures that the experience remains stimulating and rewarding for both dogs and their owners. Regular over-the-air updates further enhance the system, keeping the content fresh and engaging.

Workee

Debt Financing in 2020
Workee ApS is a Copenhagen-based company that develops a mobile-first human resource technology platform aimed at recruiting and onboarding non-desk employees, such as waiters, chefs, sales assistants, receptionists, and bartenders. Founded in 2017, Workee offers two products: the Workee app, recognized as the leading blue-collar job application in Denmark, and Wisp, a mobile intranet app builder. The platform facilitates the recruitment process by allowing employers to post job openings, review applications, and conduct interviews in real time. By leveraging technology, Workee connects job seekers with suitable positions, streamlining the hiring process for companies.

Kaffe Bueno

Seed Round in 2020
Kaffe Bueno ApS is a Danish company established in 2016 that specializes in upcycling coffee waste to create ingredients for cosmetics, functional foods, and nutraceuticals. Utilizing proprietary biotechnology and green chemistry, Kaffe Bueno transforms spent coffee grounds into valuable products such as coffee oils, coffee flour, and coffee beans. The company's mission is to maximize the usability of coffee by-products while minimizing harmful emissions, thereby redefining the perception of coffee from merely a beverage to a potent source of health benefits. Kaffe Bueno caters to a diverse range of clients, including industrial coffee producers, cafes, hotels, and offices, enabling them to contribute to sustainable practices through the upcycling of coffee waste.

Agro Intelligence

Funding Round in 2020
A Danish company, founded in June 2015, where Ole Green is founder and CEO. The goal of the company is to transform new agricultural knowledge into products and technology platforms that can be used directly in the fields. The company’s main focus is on developing new intelligent solutions within sensors and automation for the agri-plant industry. The company takes advantage of the great potential that exists within the areas of precision farming and automation. They are working on sustainable and effective solutions where we participate in lifting agriculture’s standards. The trend within the industry is directed towards more intelligent machines opposed to the conventional machines on the market today. AGROINTELLI is developing automation and intelligent solutions for distributors and machinery producers interested in the newest technologies on the market.

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.

QuadSAT

Seed Round in 2020
QuadSAT has been established as a VSAT solution and R&D company in Horsens, Denmark. Their satellite service offerings range from preventative maintenance, servicing, upgrades and new installation on Ku, C-band, and TVRO installations whether it is maritime or terrestrial. They also provide consultation, auditing, surveying and project management ensuring a reliable and efficient communications network for Their clientele. Their company has built on innovation; therefore they pay attention to the newest technologies and work on their own inventions to improve the service level in the whole satellite industry.

Visiopharm

Venture Round in 2020
Visiopharm image analysis and stereology software has become the preferred Quantitative Digital Pathology solution for leading biopharmaceutical companies, contract research organizations (CRO), academic medical centers, research institutes, and hospitals all over the world. Recently, Visiopharm has expanded to include ONCOtopix™ Dx a robust solution for cancer diagnostics with CE-IVD algorithms for the breast panel, integrated LIS driven workflow, and Virtual Double Staining. Their software is featured in over 800 scientific publications, and is compatible with leading slide scanner manufacturers, data management software, and a wide variety of microscopes and cameras. Visiopharm, a privately owned company, was founded in 2001 by the Managing Director, and Chief Executive Officer, Michael Grunkin and the Chief Technical officer, Johan Doré Hansen, who both have a strong scientific and practical background in image analysis. Their company has grown into an international business with over 500 licenses in more than 30 countries. Their growing network of authorized distributors and partners support the growth of Visiopharm solutions on several continents including North America, Europe and Asia. Their headquarters is located in the Medicon Valley of Denmark, with a branch office in the Netherlands, and a North America office in Broomfield, Colorado.

Chromologics

Seed Round in 2020
Chromologics is a Danish biotechnology company that specializes in the development of innovative natural food colorants. Originating as a spin-out from the Technical University of Denmark, the company utilizes a fermentation-derived platform to produce novel, sustainable color pigments. These colorants are designed to be stable across various pH levels and temperatures, making them suitable for a wide range of food applications. By offering a bio-based alternative to traditional colorants like carmine, Chromologics aims to support food producers in creating more natural products while enhancing the color of their offerings.

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.

OrderYOYO

Venture Round in 2020
OrderYoyo is a European company that specializes in providing an online ordering system tailored specifically for restaurants and takeaways. Its primary objective is to help these businesses increase their revenue by offering a comprehensive software solution that includes a branded website, mobile applications for iPhone and Android, and a web-based ordering module. The platform allows restaurants to manage orders, payments, and menus while also providing tools for marketing, such as social media promotion, email marketing, and business intelligence analytics. OrderYoyo aims to convert customers from third-party takeaway portals into direct users of its platform, enhancing customer engagement through communication about offers and new menu items. The company operates in several European markets, including the UK, Germany, Denmark, Ireland, and Austria, positioning itself as a key player in the takeaway industry.

On Robot

Private Equity Round in 2019
On Robot manufactures robot equipment for automation tasks throughout the industry. It provides plug and produce end-of-arm tools and software solutions that help manufacturers take full advantage of the benefits of collaborative robots. The company integrates grippers, sensors, and other cobot equipment to facilitate the use of technology in applications such as packaging, quality testing, material handling, machine tending, assembly, and welding. On Robot was founded in 2015 and is based in Odense, Denmark.

Reapplix

Venture Round in 2019
Reapplix ApS, founded in 2008 and based in Birkerod, Denmark, is a research and development company focused on improving wound healing through the use of blood-derived proteins. The company identifies and isolates these proteins to create a tissue regeneration device that provides biological treatment for chronic wounds, particularly diabetic foot ulcers. By utilizing a platform that delivers evidence-based biological wound therapy made entirely from a patient's own blood, Reapplix enables hospitals to offer autologous active cell therapy. This approach allows patients to leverage their own biological materials for enhanced healing outcomes.

Abzu

Seed Round in 2019
Abzu is a scientific artificial intelligence company founded in January 2018, with offices in Copenhagen, Denmark, and Barcelona, Spain. The company develops the QLattice, an innovative AI platform that aims to challenge conventional black box AI by providing transparent and explainable models. Abzu's technology is designed to assist pharmaceutical and biotech companies in accelerating drug development processes. By unlocking new disease mechanisms, discovering novel biomarkers, and validating multiple targets simultaneously, Abzu enables these companies to reduce research and development costs and enhance their discovery capabilities. Through its pioneering approach, Abzu inspires data scientists to adopt a more scientific methodology in their work.

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.

QuadSAT

Seed Round in 2019
QuadSAT has been established as a VSAT solution and R&D company in Horsens, Denmark. Their satellite service offerings range from preventative maintenance, servicing, upgrades and new installation on Ku, C-band, and TVRO installations whether it is maritime or terrestrial. They also provide consultation, auditing, surveying and project management ensuring a reliable and efficient communications network for Their clientele. Their company has built on innovation; therefore they pay attention to the newest technologies and work on their own inventions to improve the service level in the whole satellite industry.

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.

On Robot

Private Equity Round in 2018
On Robot manufactures robot equipment for automation tasks throughout the industry. It provides plug and produce end-of-arm tools and software solutions that help manufacturers take full advantage of the benefits of collaborative robots. The company integrates grippers, sensors, and other cobot equipment to facilitate the use of technology in applications such as packaging, quality testing, material handling, machine tending, assembly, and welding. On Robot was founded in 2015 and is based in Odense, Denmark.

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.

OrderYOYO

Series A in 2018
OrderYoyo is a European company that specializes in providing an online ordering system tailored specifically for restaurants and takeaways. Its primary objective is to help these businesses increase their revenue by offering a comprehensive software solution that includes a branded website, mobile applications for iPhone and Android, and a web-based ordering module. The platform allows restaurants to manage orders, payments, and menus while also providing tools for marketing, such as social media promotion, email marketing, and business intelligence analytics. OrderYoyo aims to convert customers from third-party takeaway portals into direct users of its platform, enhancing customer engagement through communication about offers and new menu items. The company operates in several European markets, including the UK, Germany, Denmark, Ireland, and Austria, positioning itself as a key player in the takeaway industry.

Ontame io

Seed Round in 2018
Ontame.io ApS is a Copenhagen-based company that specializes in an online recruitment marketing and analytics platform designed for students and graduates. Founded in 2015, the platform utilizes predictive analytics and machine learning to enhance the recruitment process across various sectors, including telecommunications, finance, utilities, and heavy industry. By collecting and analyzing data from career websites, social media, and applicant tracking systems, Ontame.io helps recruiters streamline their operations, reduce time-to-fill positions, and lower costs per hire. The platform's focus on recruitment analytics and workforce planning allows organizations to make informed decisions in talent acquisition and employer branding. In addition to its headquarters in Denmark, Ontame.io also operates an office in Sweden.

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

Accelerace

Venture Round in 2018
Accelerace, founded in 2008 and based in Copenhagen, Denmark, is one of the pioneering accelerator venture capital firms in the Nordics. The company focuses on investing in pre-traction startups across a diverse range of sectors, including fintech, education technology, cleantech, sound technology, the Internet of Things, digital health, food technology, biotech, medical technology, utilities, and media. With a notable alumni network that includes companies like Trustpilot, Labster, and Templafy, Accelerace plays a significant role in fostering innovation in the Nordic and Baltic regions as well as Italy. Additionally, it organizes the Nordic Mentor Network for Entrepreneurship (NOME), which supports life science startups through mentorship and guidance.

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.

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.

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.

Kubo Robot

Venture Round in 2017
Kubo Robot is a company based in Odense, Denmark, that specializes in designing and selling educational robots aimed at enhancing children's learning experiences. The company’s flagship product, Kubo Junior, facilitates hands-on and visual learning, enabling children to explore coding, languages, music, and mathematics through engaging activities. Kubo Robot emphasizes a play-based approach, allowing kids to develop skills in robotics, programming, problem-solving, and creative thinking without the need for prior programming knowledge or the use of tablets or computers.

Edulab

Venture Round in 2017
EduLab was founded in 2006. Its main product MatematikFessor.dk is Denmark’s most popular digital math portal, used by 75% of all schools in Denmark. In 2013, EduLab crossed the Danish border and launched the Norwegian version of its digital math portal: MatteMestern.no. In 2016, EduLab partnered up with the Swedish publisher Gleerups, and a Swedish version was launched in January 2017. In EduLab they are a team in everything they do. They see themselves as professional geeks, insisting on applying their professional skills and creativity in everything they touch. They strive to be the best in the market, and they have strong focus on developing their products to match the needs and wishes of their users.

On Robot

Grant in 2016
On Robot manufactures robot equipment for automation tasks throughout the industry. It provides plug and produce end-of-arm tools and software solutions that help manufacturers take full advantage of the benefits of collaborative robots. The company integrates grippers, sensors, and other cobot equipment to facilitate the use of technology in applications such as packaging, quality testing, material handling, machine tending, assembly, and welding. On Robot was founded in 2015 and is based in Odense, Denmark.

Reapplix

Venture Round in 2016
Reapplix ApS, founded in 2008 and based in Birkerod, Denmark, is a research and development company focused on improving wound healing through the use of blood-derived proteins. The company identifies and isolates these proteins to create a tissue regeneration device that provides biological treatment for chronic wounds, particularly diabetic foot ulcers. By utilizing a platform that delivers evidence-based biological wound therapy made entirely from a patient's own blood, Reapplix enables hospitals to offer autologous active cell therapy. This approach allows patients to leverage their own biological materials for enhanced healing outcomes.

MicoShade

Venture Round in 2016
MicroShade is a Danish cleantech company founded in 2003 as a spin-off from the Danish Technological Institute. At MicroShade they have developed a passive membrane that, when put in between a 2- or 3-layer glass, provides optimal solar shading. At the same time it ensures the best possible view out and pleasant daylight conditions. Together, these parameters raise the quality of the indoor climate significantly.

CrossEyes

Venture Round in 2016
CrossEyes is a Danish optician chain established in Aarhus in 2010, specializing in eyewear that combines fashion with functionality. The company offers a diverse range of frames, available exclusively in CrossEyes stores, with designs reflecting contemporary trends and Scandinavian simplicity. By introducing new collections 10 to 12 times each year, CrossEyes ensures a fresh selection, catering to various styles from classic to trendy. The business emphasizes a unique customer experience through quality eyewear, transparent pricing, and attentive service. CrossEyes aims to redefine the optical industry by prioritizing customer satisfaction and treating customers as ambassadors for their brand.

LED iBond

Venture Round in 2016
LED iBond International A/S, founded in 2001 and based in Lyngby, Denmark, specializes in innovative LED lighting solutions for various sectors including offices, public spaces, healthcare, hospitality, and retail. The company offers a diverse range of products, such as kitchen lights, luminaires, atrium lighting, and elevator lighting systems. A notable feature of their offerings is Tracy, an open platform designed for integrating IoT devices into intelligent environments. LED iBond's patented technology emphasizes design flexibility and full IoT integration, contributing to projects that span from intricate shelf lighting in pharmacies to significant installations like harbour bridges. The company maintains strong connections with the Danish Technical University and is located in the Scion Centre for Innovation, further enhancing its research and development capabilities.

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.

RushFiles

Venture Round in 2014
RushFiles, established in 2012 in Horsens, Denmark, specializes in secure cloud storage and file-sharing solutions. The company provides a file sync and share software that allows cross-platform access, catering to various partners such as internet service providers, hosting companies, telecom operators, and software manufacturers. Its cloud-based application can be installed on on-premise file servers or data centers, seamlessly integrating with existing IT security policies. This solution offers online and offline file synchronization, empowering organizations with full administrative control and data ownership, thereby enhancing data security and storage management.

FBC Device

Venture Round in 2014
FBC Device ApS, founded in 2005 and based in Risskov, Denmark, specializes in the manufacture and marketing of spinal fusion implants. The company achieved its first significant milestone in 2013 when its Statur product line received the CE mark, allowing it to enter the European and Canadian markets. FBC Device has also obtained ISO 13485 certification, reflecting its commitment to high-quality standards. Its innovative two-piece anterior interbody fusion implant incorporates tantalum spheres as radiologic markers, enabling surgeons to adjust lordosis during procedures. This technology aims to improve patient outcomes by offering a self-adapting ALIF cage that positively influences sagittal balance. The company holds patents in Europe and the United States, further solidifying its position in the spinal implant industry.

TeesuVac

Venture Round in 2013
TeesuVac ApS, incorporated in 2013 and based in Aarhus, Denmark, specializes in the design, development, and manufacturing of a handheld biopsy gun aimed at improving cancer diagnostics. The company’s innovative device is a tetherless, single-use automatic vacuum-assisted tool that allows physicians to quickly and effectively obtain precise tissue samples from patients. This approach not only enhances the quality of samples but also eliminates the risk of cross-contamination and the need for cleaning and re-sterilization, making the process more efficient for healthcare providers. TeesuVac combines engineering expertise with medical knowledge and commercial experience to advance biopsy techniques in the medical field.

SwipBox

Venture Round in 2012
SwipBox specializes in self-service parcel lockers that provide a convenient solution for online shoppers who are not home during standard delivery hours. Their lockers, located in supermarkets and stores such as Bilka, Føtex, and Netto, allow customers to select a nearby pickup location for their packages, ensuring accessibility at their convenience. Each locker contains multiple boxes with electronically controlled doors that can be accessed using a unique code sent to the customer upon order delivery. This service not only enhances the delivery experience by allowing secure indoor storage of parcels but also mitigates issues related to missed deliveries, such as theft and exposure to weather conditions. By offering a pay-per-parcel model, SwipBox aims to streamline the first and last-mile logistics for consumers both in Denmark and internationally.

Sorbisense

Venture Round in 2012
Sorbisense A/S specializes in developing, manufacturing, and marketing water quality monitoring technologies. The company offers a range of products, including the SorbiCell, a porous cartridge designed for filtering solutes and measuring various contaminants such as nitrates, phosphates, pesticides, volatile organic compounds, oil, and heavy metals. Sorbisense's solutions are applicable for waste, surface, ground, and drinking water, providing tools for flow-proportional monitoring across diverse environments like drains, lakes, and streams. The company also supplies reusable mounting systems, various groundwater samplers, and passive sampling systems for time-averaged water quality assessments. Its services extend to customized products, project solutions, laboratory testing, training, and application notes, supporting clients in environmental monitoring, risk analysis, and emission evaluations. Founded in 2004, Sorbisense is based in Tjele, Denmark.

Merus Audio

Venture Round in 2012
Merus Audio is an audio company that develops switching audio amplifiers. The developed audio amplifiers consist a multilevel audio amplifier technology, which is a combination of a multilevel switching topology and a dynamic power management scheme to improve efficiency and compactness. The company's product eximo MA12040/12040P and MA12070/MA12070P are used for home theater systems, TVs, sound bars, stereo systems, mobile phones, and portable media players. They cut down power losses during operations. Merus Audio was found by Mikkel Hoyerby, and Hans Andersen in 2010; and is headquartered in Herlev, Denmark.

Sorbisense

Venture Round in 2010
Sorbisense A/S specializes in developing, manufacturing, and marketing water quality monitoring technologies. The company offers a range of products, including the SorbiCell, a porous cartridge designed for filtering solutes and measuring various contaminants such as nitrates, phosphates, pesticides, volatile organic compounds, oil, and heavy metals. Sorbisense's solutions are applicable for waste, surface, ground, and drinking water, providing tools for flow-proportional monitoring across diverse environments like drains, lakes, and streams. The company also supplies reusable mounting systems, various groundwater samplers, and passive sampling systems for time-averaged water quality assessments. Its services extend to customized products, project solutions, laboratory testing, training, and application notes, supporting clients in environmental monitoring, risk analysis, and emission evaluations. Founded in 2004, Sorbisense is based in Tjele, Denmark.

Applied Biomimetic

Venture Round in 2010
Applied Biomimetic A/S is a biomimetic engineering company specializing in the integration of proteins into polymer membranes. The company has developed a patented technology platform that utilizes trans-membrane proteins, such as aquaporin, to enhance various applications. Through its subsidiary, Mangrove Membranes, Inc., Applied Biomimetic focuses on membrane design and construction for commercial water purification, including desalination, biotechnology, food and beverage processing, and wastewater treatment. Additionally, the technology has potential medical applications, such as membranes for artificial kidneys and drug delivery systems, as well as coatings for contact lenses that help maintain eye biochemical balance. The company also explores opportunities in power generation by leveraging salinity differentials and serves industries including oil and gas. Founded in 2006 and headquartered in Nordborg, Denmark, Applied Biomimetic also operates in Cincinnati, Ohio, and Gaithersburg, Maryland.

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.

PhotoSolar

Venture Round in 2008
PhotoSolar A/S specializes in developing and marketing advanced, transparent solar shading and photovoltaic solutions. Our mission is to create a good working environment and reduce energy consumption in modern buildings with large glass facades, using aesthetic and maintenance-free solar shading. PhotoSolar is a technology and knowledge-based company working in partnership with a number of knowledge centres, including the Danish Technological Institute. The company was founded in 2003.

SmartShare Systems

Venture Round in 2008
SmartShare Systems A/S, based in Skovlunde, Denmark, specializes in wide area network optimization appliances that enhance bandwidth management for various users on a network. The company offers a range of products, including SmartShare StraightShaper, which ensures equitable bandwidth distribution; SmartShare FairRouter, which monitors and balances Internet traffic; and SmartShare MultilinkBalancer, designed for link-balanced routing across multiple Internet connections. These solutions cater to commercial businesses, housing associations, hotels, schools, and institutions, and are particularly beneficial for IP telephony and SaaS applications. SmartShare Systems utilizes patented technologies like Dynamic QoS™ and User Load Balancing™ to significantly reduce delays in IP traffic, improving overall user experience. Its products are distributed through resellers and partners globally, reflecting the company's strong presence in North America, South America, Europe, Africa, Asia/Pacific, and the Middle East. Founded in 2004, SmartShare Systems is supported by international venture funds and guided by an experienced management team.

Universal Robots

Venture Round in 2008
Universal Robots A/S, founded in 2005 and based in Odense, Denmark, specializes in the development and sale of industrial robots designed to automate repetitive and mundane industrial processes. The company offers a range of applications, including pick and place, injection molding, packaging, quality inspection, and machine tending, among others. Universal Robots primarily serves industries such as automotive, food and tobacco production, furniture, metal and machining, plastics, pharmaceuticals, and scientific research. Their robots are lightweight, compact, and collaborative, enabling businesses to enhance productivity while addressing labor shortages and improving product quality. The company's products are distributed globally across North America, South America, Europe, Africa, the Middle East, Asia, and Oceania. Universal Robots operates as a subsidiary of Teradyne Holdings Denmark ApS.

Shark Solutions

Venture Round in 2008
Shark Solutions A/S, based in Denmark, is a leading innovator in the cleantech sector, specializing in the recycling of post-consumer laminated polyvinyl butyral (PVB) and glass from windshields and laminated architectural glass. The company operates PVB recycling factories across Europe and plans to expand to the USA, where it produces PVB for various industrial applications sold globally. Shark Solutions has pioneered technology that efficiently recovers PVB from waste materials, establishing markets for the recycled product. In addition to PVB recycling, the company provides mobile glass separation systems designed for the recycling of windshields and other laminated glass. Their technology also extends to the recycling of gypsum boards and solar panels, enhancing their commitment to sustainable practices.

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.

Catglobe

Venture Round in 2007
Catglobe A/S is a Copenhagen-based research company that specializes in developing software, products, and services tailored for the research industry and its clients. The company provides a comprehensive suite of research tools that grant clients direct access to essential resources, such as call centers and panels. Its technology facilitates various operational processes within research institutes, including administration, interview methodologies, and statistical analysis. Additionally, Catglobe's market research system is designed to manage diverse question types and reporting formats, enhancing the ability of businesses to engage with customers, employees, and other stakeholders. Through its partnerships, Catglobe offers its solutions across Europe, the United States, Asia, and South America, supporting informed decision-making based on insights into customer needs and preferences.

Asetek

Venture Round in 2005
Asetek is a leading provider of energy-efficient liquid cooling systems designed for data centers, servers, workstations, and high-performance PCs. The company specializes in innovative cooling technology aimed at reducing power consumption and greenhouse gas emissions while minimizing acoustic noise and maximizing performance. With over 1.3 million units deployed globally, Asetek's patented all-in-one liquid cooling solutions are utilized by original equipment manufacturers and channel partners worldwide. The company's offerings also cater to DIY enthusiasts through partnerships with notable brands. Founded in 2000 and headquartered in San Jose, California, Asetek has established a significant international presence, with offices in Denmark, China, and Taiwan, and generates the majority of its revenue from the Asia region, followed by the Americas.

Giritech

Series B in 2005
Giritech ApS, founded in 2003 and based in Smørum, Denmark, specializes in software development with a focus on secure online access and IT network security. The company's flagship product, EMCADS, enables secure transmission of data, services, and applications over the Internet. Giritech has established strategic partnerships with notable firms including Intravision, Mainconnect, Nworks, IBM, and Lanzer International ApS, enhancing its capabilities and market reach.

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.

Acadia Pharmaceuticals

Debt Financing in 1997
Acadia Pharmaceuticals Inc. is a biopharmaceutical company dedicated to developing and commercializing small molecule drugs for central nervous system disorders. Founded in 1993 and headquartered in San Diego, California, the company is best known for its product NUPLAZID (pimavanserin), which is approved for treating hallucinations and delusions associated with Parkinson’s disease psychosis. Acadia is actively advancing pimavanserin through Phase III clinical trials for dementia-related psychosis and as an adjunctive treatment for schizophrenia, as well as exploring its use for major depressive disorder. The company operates two subsidiaries in Sweden and Denmark and is committed to discovering novel treatments for conditions such as Alzheimer's and schizophrenia, while also seeking to in-license or acquire complementary products. Acadia holds several patent applications related to its proprietary technology, including innovative methods for drug discovery and development.
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