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1. TRACXN MONTHLY REPORT
JANUARY 2022
DENMARK TECH

2. Denmark Tech - January 2022 Copyright © 2022, Tracxn Technologies 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 - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Denmark Tech Snapshot – January 2022
Denmark Tech: Snapshot – January 2022
Note : "Investors" refers to "Institutional Investors" only
3
$125M
5
Overall Geo Stats
5
2
12
10
6
Funding Rounds $ Invested Analyst Picks
Blue Ocean
Robotics Upgraded
to SOONICORN
New Investors
Mindset Ventures
Macquarie Group
Series A+ rounds Active Investors IPOs Acquisitions
WS Audiology
Userneeds
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Copenhagen
(4 Rounds, $58.6M)
Odense
(1 Rounds, $51M)
Soborg
(1 Rounds, $15M)
$51M - Series B
Blue Ocean Robotics (2013, Odense,
$80.4M)
$25M - Series C
CellPoint Digital (2007, London, $56M)
$17.1M - Series A
Monta (2020, Copenhagen, $22.8M)
$15M - Series A
Shield (2017, Soborg, $15M)
Seed Capital
(1 Investments)
Creandum
(1 Investments)
Penta Capital
(1 Investments)
OurCrowd
(1 Investments)
Professional Service Robots
Blue Ocean Robotics
Hospital Equipment
Electric Vehicles
Monta
Payments
CellPoint Digital
Market Size
Companies Covered 4,110
Funded Companies 1,212
Total Funding $17.3B
Funding in last 12 months $3.6B
Top Exits
IPOs 46
Acquisitions 260
Company Stage
Unicorns 4
Soonicorns 28
Minicorns 135
Editor Picks 502
Series A+ 277
Series C+ 52
Acqui-Hires 1
Deadpooled 271
Top Cities
Copenhagen (1,328 Rounds, $12.8B)
Aarhus (165 Rounds, $937M)
Top Investors
Accelerace (157 Investments)
Growth Fund (109 Investments)

4. Denmark Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Denmark Tech as of January 2022
Denmark Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (January 2022)*
Blue Ocean Robotics
(2013, Odense, $80.4M)
$51.0M - Series B A P Moller Holding
CellPoint Digital
(2007, London, $56.0M)
$25.0M - Series C Penta Capital
Monta
(2020, Copenhagen, $22.8M)
$17.1M - Series A Creandum
Shield
(2017, Soborg, $15.0M)
$15.0M - Series A Macquarie Group
MATE
(2016, Copenhagen, $23.6M)
$11.4M - Series B Nordic Eye
ComplyCloud
(2017, Copenhagen, $5.1M)
$5.1M - Seed Seed Capital
*Shows only the lead Investors

5. Denmark Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Denmark Tech in January 2022
Denmark Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$25.0M - Series C
CellPoint Digital (2007, London, $56.0M)
Digital e-commerce & payment solution for the travel
industry
Penta Capital, Toscafund Asset Management
EARLY STAGE
$11.4M - Series B
MATE (2016, Copenhagen, $23.6M)
Developer of electric-bicycles
Nordic Eye, Mirabaud AM, Marcy Venture Partners
EARLY STAGE
$15.0M - Series A
Shield (2017, Soborg, $15.0M)
AI-enabled regulatory intelligence solutions for
financial institutions
Macquarie Group, OurCrowd, Mindset Ventures
EARLY STAGE
$17.1M - Series A
Monta (2020, Copenhagen, $22.8M)
SaaS-based platform for charging station management
Creandum, Headline
EARLY STAGE
$51.0M - Series B
Blue Ocean Robotics (2013, Odense, $80.4M)
Manufacturer of market-ready robots for multiple
industries
A P Moller Holding
SEED STAGE
$5.1M - Seed
ComplyCloud (2017, Copenhagen, $5.1M)
Cloud based data privacy management software
Seed Capital

6. Denmark Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors
List of New Investors in Denmark Tech in January 2022
Denmark Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
Mindset Ventures
57 portfolio companies | Seed-stage tech and offline focused VC firm funding
companies in the US and Israel
Shield
AI-enabled regulatory intelligence solutions for financial institutions
$15.00M Series A
Macquarie Group
81 portfolio companies | Global investment bank
Shield
AI-enabled regulatory intelligence solutions for financial institutions
$15.00M Series A
Penta Capital
4 portfolio companies | Acquisitions focused private equity firm
CellPoint Digital
Digital e-commerce & payment solution for the travel industry
$25.00M Series C
Mirabaud AM
6 portfolio companies | Diversified investment management firm
MATE
Developer of electric-bicycles
$11.37M Series B
OurCrowd
186 portfolio companies | Venture capital fund, incubator, and equity-based
crowdfunding platform for startups
Shield
AI-enabled regulatory intelligence solutions for financial institutions
$15.00M Series A

7. Denmark Tech - January 2022 Copyright © 2022, Tracxn Technologies 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 -- B2B E-Commerce Software Suite $400M 2 Tradeshift | $200M | Series F
2 -- Accounts Payable and Receivable Management $400M 2 Tradeshift | $200M | Series F
3 -- Supply Chain Financing $400M 2 Tradeshift | $200M | Series F
4 -- Corporate Travel Expense Management $350M 2 Pleo | $200M | Series C
5 -- Corporate Travel & Expense Cards $350M 2 Pleo | $200M | Series C
6 -- Internet First Corporate Credit Card Issuers $350M 2 Pleo | $200M | Series C
7 ▲9 Alkaline Electrolyzers $229M 1 GreenHydrogen | $229M | Series C
8 ▼-6 Wine Listing and Recommendation Platforms $155M 1 Vivino | $155M | Series D
9 ▲14 Podcast Aggregators $92.5M 2 Podimo | $78.0M | Series B
10 -- Neurodegenerative Disorders Drugs $73.0M 1 Muna Therape.. | $73.0M | Series A

8. Denmark Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (1/2)
Interesting Companies identified by Analysts in Denmark Tech in January 2022
Denmark Tech: Analyst Picks
8
Upgraded to SOONICORN
Blue Ocean Robotics (2013, Odense, $17.2M,
Series A)
Manufacturer of market-ready robots for multiple
industries
A P Moller Holding, Nordic Eye, Startup Scaleup and 1
other Investors
Upgraded to SOONICORN
CellPoint Digital (2007, London, $13.9M, Series B)
Digital e-commerce & payment solution for the travel
industry
Penta Capital,Toscafund Asset Managementand
Upgraded to MINICORN
Shield (2017, Soborg, $15.0M, Series A)
AI-enabled regulatory intelligence solutions for
financial institutions
Macquarie Group, Mindset Ventures, Accelerator
Frankfurt and 1 other Investors
Upgraded to MINICORN
Monta (2020, Copenhagen, $17.1M, Series A)
SaaS-based platform for charging station management
Headline,Creandumand
Upgraded to MINICORN
ComplyCloud (2017, Copenhagen, $5.1M, Seed)
Cloud based data privacy management software
Seed Capitaland
Added to Editor's Pick
Nemlig (2010, Copenhagen, $4.1M, Angel)
Online grocery retailer in Denmark
Anders Holch Povlsenand
Added to Editor's Pick
Brain+ (2012, Copenhagen, Undisclosed, Seed)
Provider of a digital therapeutic software for rehab
patients
Accelerace,Seed Capital,North-East Ventureand
Added to Editor's Pick
Intomics (2008, Lyngby, $332K, Seed)
Bionformatics data analysis services
Seed Capital,Accelerace,PreSeed Venturesand
Added to Editor's Pick
UrbanWineBox (2015, Copenhagen, $765K, Seed)
Online marketplace of wine and a physical cellar for
wine storage
UWB Holding K/S, Capnova, Kim Haugstrup Mikkelsen
and 1 other Investors

9. Denmark Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (2/2)
Interesting Companies identified by Analysts in Denmark Tech in January 2022
Denmark Tech: Analyst Picks
9
Added to Editor's Pick
Boon (2019, Copenhagen, $4.8M, Seed)
Subscription-based video streaming platform offering
UGC
PreSeed Ventures,Growth Fund,Vorwerk Venturesand

10. Denmark Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Acquisitions
List of Acquisitions in Denmark Tech in January 2022
Denmark Tech: Acquisitions
10
Acq. Date Company Acquirer Deal Size
05 Jan 2022
WS Audiology(2019, Lynge)
Developer of device for treating hearing loss
Santo Holding
31 Jan 2022
Userneeds(2001, Copenhagen)
Online data collection platform
Norstat Group

11. Denmark Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Denmark Tech in January 2022
Denmark Tech:News
11
Exit News
.
● Coloplast A/S - Announcement no. 09/2021 - Coloplast announces agreement
to acquire Atos Medical GlobeNewswire
.
● European Energy in joint venture to acquire Vinkel Bioenergi gasworld
.
● EQT VIII and Santo Holdings to acquire the stakes of EQT VI and its co-
investors in Danish WS Audiology europawire.eu
.
● IO Biotech files for $100M IPO Seeking Alpha
.
People News
.
● Bitfrost Selects Alfred W. Moeckli as the new Chairman of the Board Finance
Magnates
.
● Milestone Systems appoints new Chief Revenue Officer securityworldmarket.com
.
● Acarix appoints US-based Helen Ljungdahl Round as new CEO GlobeNewswire
.
● LogPoint appoints Matthew Rhodes to lead the charge in the Managed
Security Services space globalsecuritymag.com
.
Company News

12. Denmark Tech - January 2022 Copyright © 2022, Tracxn Technologies 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 LEO Pharma
Cap Tables of Lunar
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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