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1. TRACXN MONTHLY REPORT
APRIL 2021
DENMARK TECH

2. Denmark Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
2
Denmark Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 6
Top Funded Business Models - last 1 year 7
New Analyst Picks 8
Acquisitions 10
Recent News 11

3. Denmark Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech Snapshot – April 2021
Denmark Tech: Snapshot – April 2021
Note : "Investors" refers to "Institutional Investors" only
3
$102M
5
Overall Geo Stats
1
3
12
12
8
Funding Rounds $ Invested Analyst Picks
Abzu Upgraded to
MINICORN
New Investors
86
Series A+ rounds Active Investors IPOs Acquisitions
Seneco#@
Incept
Sustainability#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Copenhagen
(5 Rounds, $92.7M)
Odense
(1 Rounds, $9.5M)
Aalborg
(1 Rounds, $9.5M)
Virum
(1 Rounds, $9.5M)
$62M - Series A
ADCendo (2017, Copenhagen, $63.5M)
$15M - Series A
CluedIn (2015, Copenhagen, $15M)
$9.5M - Series B
Cardlay (2016, Odense, $28.7M)
$8.8M - Series A
GoMore (2005, Copenhagen, $17.0M)
Accelerace
(2 Investments)
Seed Capital
(1 Investments)
Ysios Capital
(1 Investments)
Dawn Capital
(1 Investments)
Oncology
ADCendo
Enterprise Information
Management
CluedIn
Payments
Cardlay
Road Transport Tech
GoMore
Market Size
Companies Covered 3,490
Funded Companies 1,175
Total Funding $19.5B
Funding in last 12 months $3.3B
Top Exits
IPOs 57
Acquisitions 260
Company Stage
Unicorns 2
Soonicorns 19
Minicorns 118
Editor Picks 416
Series A+ 266
Series C+ 65
Acqui-Hires 1
Deadpooled 274
Top Cities
Copenhagen (1,111 Rounds, $14.4B)
Aarhus (148 Rounds, $494M)
Top Investors
Accelerace (130 Investments)
Seed Capital (93 Investments)

4. Denmark Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Denmark Tech as of April 2021
Denmark Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (April 2021)*
ADCendo
(2017, Copenhagen, $63.5M)
$62.0M - Series A Novo Holdings
CluedIn
(2015, Copenhagen, $15.0M)
$15.0M - Series A Dawn Capital
Cardlay
(2016, Odense, $28.7M)
$9.5M - Series B
GoMore
(2005, Copenhagen, $17.0M)
$8.8M - Series A
Abzu
(2018, Copenhagen, $9.0M)
$6.9M - Seed Seed Capital
*Shows only the lead Investors

5. Denmark Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Denmark Tech in April 2021
Denmark Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
EARLY STAGE
$8.8M - Series A
GoMore (2005, Copenhagen, $17.0M)
App-based car sharing & P2P car rental platform
EARLY STAGE
$9.5M - Series B
Cardlay (2016, Odense, $28.7M)
White label solutions for corporate cards
EARLY STAGE
$15.0M - Series A
CluedIn (2015, Copenhagen, $15.0M)
Enterprise data management solution
Dawn Capital, Nordic Makers, Stijn Christiaens
EARLY STAGE
$62.0M - Series A
ADCendo (2017, Copenhagen, $63.5M)
Developer of antibody drug conjugates against novel
targets in cancer
Novo Holdings, Ysios Capital, RA Capital Management,
Healthcap, Gilde Healthcare
EARLY STAGE
Series B
Simple Feast (2015, Copenhagen, $50.0M)
Online platform to order ready to serve plant based
meals
SEED STAGE
$6.9M - Seed
Abzu (2018, Copenhagen, $9.0M)
Provider of a machine learning technology based on
quantum mechanics and neural networks
Seed Capital, Inventure, PreSeed Ventures, Growth
Fund
SEED STAGE
Seed
Cognifirm (2020, Virum)
Cloud-based enterprise resource planning
management software provider
Accelerace
SEED STAGE
Seed
REDO (2019, Aalborg)
Online brain activity analysis and detection system for
healthcare providers
Accelerace

6. Denmark Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in Denmark Tech in April 2021
Denmark Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
Healthcap
86 portfolio companies | Life science focused VC firm investing in the US and
Europe
ADCendo
Developer of antibody drug conjugates against novel targets in cancer
$62.00M Series A

7. Denmark Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
7
Rank Business Model $ Funding # Rounds Top Funding Round
1 -- Esports League Organizers $1.9B 2 BLAST Pro Ser.. | $1.9B | Series D
2 --
Online Grocery > B2C Ecommerce > Beverages >
Alcoholic > Wine > Listing and Recommendation
$155M 1 Vivino | $155M | Series D
3 --
K-12 EdTech > B2B2C Learning Solutions > School
Curriculum > Multi Subject > Activity Based Learning >
Virtual Labs
$69.0M 2 Labster | $60.0M | Series C
4 ▲76 Cancer Drugs $62.0M 1 ADCendo | $62.0M | Series A
5 -- Antibacterial Drugs $57.7M 3 Minervax | $57.4M | Series B
6 -- Immunotherapy > Vaccine > Prophylactic $57.4M 1 Minervax | $57.4M | Series B
7 --
K-12 EdTech > B2B2C Learning Solutions > School
Curriculum > Math > Online Courses > Adaptive
$36.2M 1 Edulab | $36.2M | Series B
8 -- Nano Positioning $31.6M 1 NIL Technology | $31.6M | Series B
9 -- Food Tech > Food Discovery and Ordering > Surplus Food $31.1M 1 Too Good To Go | $31.1M | Series A
10 ▼-2 Robot Grippers $30.8M 1 OnRobot | $30.8M | Series C

8. Denmark Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (1/2)
Interesting Companies identified by Analysts in Denmark Tech in April 2021
Denmark Tech: Analyst Picks
8
Upgraded to MINICORN
Abzu (2018, Copenhagen, $63.6K, Seed)
Provider of a machine learning technology based on
quantum mechanics and neural networks
Seed Capital, The Danish Agency for Education and
Research, Inventure and 3 other Investors
Upgraded to MINICORN
CluedIn (2015, Copenhagen, $15.0M, Series A)
Enterprise data management solution
Nordic Makers,Dawn Capital,Stijn Christiaensand
Added to Editor's Pick
Biograil (2019, Hedehusene, $3.4M, Seed)
Provider of technology for oral delivery of biologics
Megatrend Invest, EIT Health, Sanner Ventures and 3
other Investors
Added to Editor's Pick
Syncsense (2018, Copenhagen, Undisclosed, Grant
(prize money))
Provider of VR based exercising solution for patients
Den Sociale Kapitalfond,EIT Health,Acceleraceand
Added to Editor's Pick
Proxi Biotech (2018, Copenhagen, Undisclosed,
Grant (prize money))
Developer of vaccines to treat MDR bacterial infections
BioInnovation Institute,EIT Healthand
Added to Editor's Pick
Hi Rasmus (2019, , Undisclosed, Grant (prize money))
Provider of a SaaS-based care planning and
coordination software for clinicians and parents
EIT Healthand
Added to Editor's Pick
Pleaz (2020, Copenhagen, Undisclosed, Grant (prize
money))
Online physical health management tool for employees
EIT Healthand
Added to Editor's Pick
NaviBlind (2019, Roedovre, Undisclosed, Grant (prize
money))
Mobile-based navigation assistant app for blind people
EIT Healthand
Added to Editor's Pick
Byggeprojekt (2003, Copenhagen, Unfunded)
Cloud-based project management software for
construction professionals
Added to Editor's Pick
GRASPOR (2020, Viby, Unfunded)
Provider of wearable device to monitor muscle oxygen
level and activation

9. Denmark Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (2/2)
Interesting Companies identified by Analysts in Denmark Tech in April 2021
Denmark Tech: Analyst Picks
9
Added to Editor's Pick
Comadso (2008, Ballerup, Unfunded)
SaaS-based comparison solution for the insurance
industry
Added to Editor's Pick
Frame (2014, Copenhagen, Unfunded)
SaaS-driven sustainability project management
solution for construction professionals

10. Denmark Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Denmark Tech in April 2021
Denmark Tech: Acquisitions
10
Acq. Date Company Acquirer Deal Size
08 Apr 2021
Seneco(2014, Hasselager, $2.1M)
Provider of a cloud-based platform offering street lightening
control solutions
Fagerhult Group
13 Apr 2021
Incept Sustainability(2019, Lyngby)
Online e-learning and analytics platform for organisations
Ramboll
26 Apr 2021
True Energy(2018, Horsholm)
Provider of solutions for energy management
Landis+Gyr

11. Denmark Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Denmark Tech in April 2021
Denmark Tech:News
11
Exit News
.
● Lunar and Swedish Lender Lendify Join Forces to Fuel Nordic Expansion
fintechf.com
.
● Saniona completes sale of its remaining holding in Scandion Oncology
GlobeNewswire
.
● NS Bikes, Creme and Rondo founder receives majority stake investment
CyclingIndustry
.
● Ramboll acquires sustainability start-upRamboll
.
● Fagerhult Group acquires Seneco A/S to strengthen connectivity offering PR
Newswire
.
People News
.
● Eyenovia Appoints Ophthalmologist Dr. Julia Haller to its Board of Directors
visionmonday.com
.
● Muinmos Has Secured Emil Kongelys as Its New Chief Technology Officer Finance
Magnates
.
● Banking Circle hires Mahir Zaimoglu Finextra
.

12. Denmark Tech - April 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Explore more on Tracxn
Explore more about Denmark Tech on Tracxn Platform
Denmark Tech: Explore more on Tracxn Platform
12
Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in Denmark
AI Companies in Denmark
Fintech Companies Denmark
Consumer Digital in Denmark
Company Due Diligence
Detailed profile of Tradeshift
Competitors of
Cap Tables of
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape

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