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1. TRACXN TOP BUSINESS MODELS REPORT
November 03, 2021
DENMARK TECH

2. Denmark Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Contents
DenmarkDenmark Tech Funding -
Overview
3
Top Funded Business Models 4
One pagers 9
Appendix 59
2

3. Denmark Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Funding in last 1 year
3
Dermatology $585M
Finance & Accounting Tech $427M
Banking Tech $277M
Energy Storage Tech $255M
Oncology $243M
Customer Service Software $111M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
PreSeed Ventures
Growth Fund
Y Combinator
9
6
4
Early
Stage
Seed Capital
Growth Fund
Heartcore Capital
4
3
3
Late
Stage
Kinnevik
Creandum
Seed Capital
3
2
2
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
LEO Pharma
(1908, Copenhagen)
$537M - PE
Lunar
(2015, Aarhus)
$249M - Series D
GreenHydrogen
(2007, Kolding)
$229M - Series C
Tradeshift
(2010, Copenhagen)
$200M - Series F
Vivino
(2010, Copenhagen)
$155M - Series D
IO Biotech
(2014, Copenhagen)
$155M - Series B
Pleo
(2015, Copenhagen)
$150M - Series C
Dixa
(2015, Copenhagen)
$105M - Series C
Muna Therapeutics
(2020, Copenhagen)
$73.0M - Series A
Ageras
(2012, Copenhagen)
$73.0M - Series C
Leapwork
(2015, Copenhagen)
$62.0M - Series B
Adcendo
(2017, Copenhagen)
$61.6M - Series A
Copenhagen (73%)
Aarhus (9%)
Kolding (8%)
Odense (2%)
Hellerup (2%)
Others (6%)

4. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Denmark Tech - Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1▲14 Drugs for Multiple Cancer Types $243M 3 IO Biotech | $155M | Series B Link
2▲10 Alkaline Electrolyzers $229M 1 GreenHydrogen | $229M | Series C Link
3▼2 B2B E-Commerce > Horizontal > Marketplace $200M 1 Tradeshift | $200M | Series F Link
4▼2 Accounts Payable and Receivable Management $200M 1 Tradeshift | $200M | Series F Link
5▼2 Supply Chain Financing $200M 1 Tradeshift | $200M | Series F Link
6-- Wine Listing and Recommendation Platforms $155M 1 Vivino | $155M | Series D Link
7-- Corporate Travel & Expense Cards $150M 1 Pleo | $150M | Series C Link
8-- Internet First Corporate Credit Card Issuers $150M 1 Pleo | $150M | Series C Link
9▼3 Customer Service Software $111M 2 Dixa | $105M | Series C Link
10-- Neurodegenerative Disorders Drugs $73.0M 1 Muna Therape.. | $73.0M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Denmark Tech - Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11-- Automated Testing Tools $68.3M 2 Leapwork | $62.0M | Series B Link
12-- IT Ops Automation $68.3M 2 Leapwork | $62.0M | Series B Link
13-- IT Automation $68.3M 2 Leapwork | $62.0M | Series B Link
14▲112 Anti Bacterial Drugs $65.8M 3 Minervax | $57.4M | Series B Link
15▲53 Fitness Center Management Softwares $61.0M 1 Lenus eHealth | $61.0M | Series A Link
16▼5 Document Template Management $60.0M 1 Templafy | $60.0M | Series D Link
17▲12 Virtual School Laboratories $60.0M 1 Labster | $60.0M | Series C Link
18-- Aesthetic Medicines $45.0M 2 CytoKi Pharma | $45.0M | Series A Link
19-- Wound Healing Drugs $45.0M 2 CytoKi Pharma | $45.0M | Series A Link
20▲27 Contract Lifecycle Management $39.4M 2 Contractbook | $30.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Denmark Tech - Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21-- Nano Positioning Tools $31.6M 1 NIL Technology | $31.6M | Series B Link
22▼13 Robotics in Manufacturing $31.2M 2 OnRobot | $30.8M | Series C Link
23-- Surplus Food Ordering and Delivery Platforms $31.1M 1 Too Good To Go | $31.1M | Series A Link
24▼14 Robotic Grippers $30.8M 1 OnRobot | $30.8M | Series C Link
25--
Healthcare IT > Value Based Care > Care
Coordination > Care Planning & Management >
Emergency
$27.0M 1 Corti | $27.0M | Series A Link
26-- Voice Assistants for Doctors $27.0M 1 Corti | $27.0M | Series A Link
27▲42
Internet First Banks for Businesses with Partner
Bank's License
$22.5M 1 kompasbank | $22.5M | Series A Link
28-- IT Project Management Tools $19.0M 1 Forecast | $19.0M | Series A Link
29-- Project Management Software $19.0M 1 Forecast | $19.0M | Series A Link
30▼10 Electric Four Wheeler Plug In Portable Chargers $18.8M 1 Spirii | $18.8M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Denmark Tech - Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31▼10 Electric Vehicle Fleet Charging as a Service $18.8M 1 Spirii | $18.8M | Series B Link
32▲65 Insect Based Pest Control $17.0M 1 BioPhero | $17.0M | Series A Link
33▲65 Green Pheromones $17.0M 1 BioPhero | $17.0M | Series A Link
34▼18 eSports League Organizers $16.3M 1 BLAST Premier | $16.3M | Series A Link
35-- Online Skin Care Products Retailers $15.9M 1 HelloSkin | $15.9M | Series A Link
36-- Master Data Management $15.0M 1 CluedIn | $15.0M | Series A Link
37▲54 Life Sciences Research Services $15.0M 1 Unibio | $15.0M | Series D Link
38▼2 Indoor Navigation Systems $13.8M 1 MapsPeople | $13.8M | Series B Link
39▼21 Podcast Networks $13.5M 1 Podimo | $13.5M | Series A Link
40▼12 White Label Prepaid Cards Solutions $9.5M 1 Cardlay | $9.5M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Denmark Tech - Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41-- P2P Aggregator Cars Rentals $8.8M 1 GoMore | $8.8M | Series A Link
42-- Neuromuscular Disorder Drugs $8.5M 1 NMD Pharma | $8.5M | Series A Link
43▲67 Direct Methanol Fuel Cells $7.8M 1 Blue World Te.. | $7.8M | Series A Link
44▼2 Beauty Products Subscription Platforms $7.6M 1 Goodiebox | $7.6M | Series A Link
45▼2
Online Beauty and Personal Care Products
Subscription Retailers
$7.6M 1 Goodiebox | $7.6M | Series A Link
46▲15 Insurance Sales & Marketing Software $6.9M 1 Penni.io | $6.9M | Series A Link
47-- Nucleic Acid Purification Equipment $6.6M 1 Samplix ApS | $6.6M | Series A Link
48-- Member Performance Management $6.0M 1 Motosumo | $6.0M | Series A Link
49-- Diversified $6.0M 1 Motosumo | $6.0M | Series A Link
50▲49 Virtual Events $5.5M 1 Tame | $5.5M | Seed Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
IO Biotech (2014, Copenhagen)
$155M - Series B - Jan 2021
Adcendo (2017, Copenhagen)
$61.6M - Series A - Apr 2021
Scandion Oncology (2016, Copenhagen)
$27.2M - Series B - Nov 2020
Drugs for Multiple Cancer Types -
Denmark
01
9
Back to index
Oncology (Bavarian Nordic)
(# Cos: 38 | $1.2B)
Drugs (Scandion Oncology)
(# Cos: 26 | $1.1B)
Diversified (Symphogen)
(# Cos: 19 | $1.1B)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$243M (▲1055%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.1B
14
3
19
2
Symphogen
(2000, Ballerup, $539M)
Scandion Oncology
(2016, Copenhagen, $35.5M)
Bavarian Nordic
(1994, Kvistgard)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

10. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Alkaline Electrolyzers - Denmark
02
10
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$229M (▲852%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$260M
2
1
2
0
Energy Storage Tech (Blue World Technologies)
(# Cos: 30 | $347M)
Hydrogen Refueling (Everfuel)
(# Cos: 6 | $299M)
Electrolysis (Hymeth)
(# Cos: 2 | $260M)
Alkaline (GreenHydrogen)
(# Cos: 2 | $260M)
GreenHydrogen
(2007, Kolding, $259M)
Hymeth
(2016, Frederiksberg, $891K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
GreenHydrogen (2007, Kolding)
$229M - Series C - Mar 2021

11. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Tradeshift (2010, Copenhagen)
$200M - Series F - Mar 2021
B2B E-Commerce > Horizontal >
Marketplace - Denmark
03
11
Back to index
B2B E-Commerce (SwipBox)
(# Cos: 25 | $994M)
Horizontal (StockonDeals)
(# Cos: 4 | $976M)
Marketplace (Tradeshift)
(# Cos: 3 | $973M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$200M (▼16.7%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$973M
2
-
3
1
Tradeshift
(2010, Copenhagen, $973M)
StockonDeals
(2013, Risskov)
KJ Auktion
(2009, Hoje Tastrup)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

12. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Tradeshift (2010, Copenhagen)
$200M - Series F - Mar 2021
Accounts Payable and Receivable
Management - Denmark
04
12
Back to index
Finance & Accounting Tech (Zenegy)
(# Cos: 93 | $1.3B)
Accounting Solutions (Pleo)
(# Cos: 65 | $1.2B)
Account Payables & Receivables
(Tradeshift)
(# Cos: 1 | $973M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$200M (▼16.7%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$973M
1
-
1
1
Tradeshift
(2010, Copenhagen, $973M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

13. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Supply Chain Financing - Denmark
05
13
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$200M (▼16.7%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$973M
2
-
2
1
SCM Software (EffiMat)
(# Cos: 33 | $1.0B)
Spend Management (Leanlinking)
(# Cos: 13 | $975M)
Procure To Pay (Link Network)
(# Cos: 9 | $973M)
Supply Chain Financing
(Tradeshift)
(# Cos: 2 | $973M)
Tradeshift
(2010, Copenhagen, $973M)
Aqoola
(2009, Lyngby)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tradeshift (2010, Copenhagen)
$200M - Series F - Mar 2021

14. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Wine Listing and Recommendation
Platforms - Denmark
06
14
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$155M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$224M
1
-
1
1
Online Grocery (YourLocal)
(# Cos: 34 | $241M)
B2C Ecommerce (Nemlig)
(# Cos: 28 | $238M)
Beverages (FarmMountain)
(# Cos: 13 | $226M)
Alcoholic (Mikkeller)
(# Cos: 9 | $226M)
Wine (UrbanWineBox)
(# Cos: 4 | $226M)
Listing and Recommendation
(Vivino)
(# Cos: 1 | $224M)
Vivino
(2010, Copenhagen, $224M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Vivino (2010, Copenhagen)
$155M - Series D - Feb 2021

15. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Corporate Travel & Expense Cards -
Denmark
07
15
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$150M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$234M
1
-
2
1
Finance & Accounting Tech (Zenegy)
(# Cos: 93 | $1.3B)
Accounting Solutions (Tradeshift)
(# Cos: 65 | $1.2B)
Procure to Pay (Ibistic)
(# Cos: 24 | $234M)
Travel & Expense (Outlay)
(# Cos: 11 | $234M)
Card Solutions (Pleo)
(# Cos: 2 | $234M)
Pleo
(2015, Copenhagen, $234M)
Vatriever
(2016, Odense)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Pleo (2015, Copenhagen)
$150M - Series C - Jun 2021

16. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Internet First Corporate Credit Card
Issuers - Denmark
08
16
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$150M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$234M
1
-
1
1
Payments (Nets)
(# Cos: 63 | $5.5B)
Consumer Payments (Samlino.dk)
(# Cos: 15 | $261M)
Payment Cards (Young Money)
(# Cos: 4 | $235M)
Corporate Cards (Pleo)
(# Cos: 1 | $234M)
Pleo
(2015, Copenhagen, $234M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Pleo (2015, Copenhagen)
$150M - Series C - Jun 2021

17. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Customer Service Software - Denmark
09
17
Back to index
Customer Service Software (Raffle)
(# Cos: 28 | $166M)
Suite (Dixa)
(# Cos: 1 | $164M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$111M (▲208%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$164M
1
-
1
1
Dixa
(2015, Copenhagen, $164M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Dixa (2015, Copenhagen)
$105M - Series C - Jul 2021
Dixa (2015, Copenhagen)
$6.0M - Series B - Jan 2021

18. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Muna Therapeutics (2020, Copenhagen)
$73.0M - Series A - Jul 2021
Neurodegenerative Disorders Drugs -
Denmark
10
18
Back to index
Neurology (Muna Therapeutics)
(# Cos: 26 | $259M)
Drugs (Egalet)
(# Cos: 11 | $241M)
Neurodegenerative (Lundbeck)
(# Cos: 4 | $87.3M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$73.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$87.3M
4
2
4
1
Lundbeck
(1915, Copenhagen)
Muna Therapeutics
(2020, Copenhagen, $73.0M)
Neurosearch
(1989, Ballerup, $14.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

19. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Automated Testing Tools - Denmark
11
19
Back to index
Software Testing Tools (Preely)
(# Cos: 12 | $79.6M)
Automated Testing Tools (Leapwork)
(# Cos: 4 | $79.6M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$68.3M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$79.6M
2
-
4
1
Leapwork
(2015, Copenhagen, $79.6M)
Encida
(2019, Aalborg)
LessPainful
(2011, Aarhus)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Leapwork (2015, Copenhagen)
$62.0M - Series B - Aug 2021
Leapwork (2015, Copenhagen)
$6.3M - Series A - Jun 2021

20. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
IT Ops Automation - Denmark
12
20
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$68.3M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$79.6M
1
-
1
1
Robotic Process Automation (Jatana)
(# Cos: 7 | $79.6M)
Basic Automation (Foxtrot Alliance)
(# Cos: 3 | $79.6M)
Multi-Industry (Cognifirm)
(# Cos: 3 | $79.6M)
IT Ops (Leapwork)
(# Cos: 1 | $79.6M)
Leapwork
(2015, Copenhagen, $79.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Leapwork (2015, Copenhagen)
$62.0M - Series B - Aug 2021
Leapwork (2015, Copenhagen)
$6.3M - Series A - Jun 2021

21. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Leapwork (2015, Copenhagen)
$62.0M - Series B - Aug 2021
Leapwork (2015, Copenhagen)
$6.3M - Series A - Jun 2021
IT Automation - Denmark
13
21
Back to index
IT Operations (Humio)
(# Cos: 34 | $215M)
ITOM (LogPoint)
(# Cos: 19 | $182M)
IT Automation (Leapwork)
(# Cos: 1 | $79.6M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$68.3M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$79.6M
1
-
1
1
Leapwork
(2015, Copenhagen, $79.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

22. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Minervax (2010, Hellerup)
$57.4M - Series B - Dec 2020
BACTOLIFE (2017, Lyngby)
$8.4M - Seed - Apr 2021
UNION Therapeutics (2013, Hellerup)
$15.7K - Series A - Feb 2021
Anti Bacterial Drugs - Denmark
14
22
Back to index
Infectious Diseases (UVD Robots)
(# Cos: 24 | $871M)
Drugs (Bavarian Nordic)
(# Cos: 17 | $266M)
Bacterial (SNIPR Biome)
(# Cos: 11 | $158M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$65.8M (▲ >10K%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$158M
8
1
11
3
SNIPR Biome
(2015, Copenhagen, $52.9M)
UNION Therapeutics
(2013, Hellerup, $25.1M)
Minervax
(2010, Hellerup, $66.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

23. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Fitness Center Management Softwares -
Denmark
15
23
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$61.0M (▲3025%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$63.5M
3
-
4
1
Fitness & Wellness Tech (Endomondo)
(# Cos: 83 | $78.4M)
Tools for Fitness Professionals (Sport Solution)
(# Cos: 11 | $63.5M)
Fitness Centers (Athliit)
(# Cos: 6 | $63.5M)
Suite (Lenus eHealth)
(# Cos: 4 | $63.5M)
Lenus eHealth
(2016, Copenhagen, $63.5M)
Athliit
(2015, Copenhagen)
Exerp
(1994, Copenhagen)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Lenus eHealth (2016, Copenhagen)
$61.0M - Series A - May 2021

24. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Templafy (2014, Copenhagen)
$60.0M - Series D - Jun 2021
Document Template Management -
Denmark
16
24
Back to index
Enterprise Information Management (CluedIn)
(# Cos: 20 | $172M)
Enterprise Content Management (Digizuite)
(# Cos: 11 | $155M)
Template Management (Templafy)
(# Cos: 1 | $147M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$60.0M (▲129%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$147M
1
-
1
1
Templafy
(2014, Copenhagen, $147M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

25. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Virtual School Laboratories - Denmark
17
25
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$60.0M (▲567%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$100M
1
-
1
1
K-12 EdTech (Famly)
(# Cos: 65 | $127M)
B2B2C Learning Solutions (Wizkids)
(# Cos: 11 | $109M)
School Curriculum (Edulab)
(# Cos: 11 | $109M)
Multi Subject (PlayAlive)
(# Cos: 10 | $102M)
Activity Based Learning (Ugly Duckling
Games)
(# Cos: 6 | $102M)
Virtual Labs (Labster)
(# Cos: 1 | $100M)
Labster
(2011, Copenhagen, $100M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Labster (2011, Copenhagen)
$60.0M - Series C - Feb 2021

26. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
CytoKi Pharma (2019, Vaerlose)
$45.0M - Series A - May 2021
CytoKi Pharma (2019, Vaerlose)
$19.2K - Seed - Apr 2021
Aesthetic Medicines - Denmark
18
26
Back to index
Dermatology (Advalight)
(# Cos: 10 | $666M)
Drugs (LEO Pharma)
(# Cos: 4 | $633M)
Aesthetics (CytoKi Pharma)
(# Cos: 2 | $48.4M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$45.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$48.4M
2
-
2
1
CytoKi Pharma
(2019, Vaerlose, $45.0M)
Valderm
(2003, Lyngby, $3.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

27. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Wound Healing Drugs - Denmark
19
27
Back to index
Wound Care (Coloplast)
(# Cos: 6 | $98.8M)
Drugs (CytoKi Pharma)
(# Cos: 2 | $45.0M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$45.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$45.0M
2
-
2
1
CytoKi Pharma
(2019, Vaerlose, $45.0M)
Micuri
(2011, Copenhagen)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CytoKi Pharma (2019, Vaerlose)
$45.0M - Series A - May 2021
CytoKi Pharma (2019, Vaerlose)
$19.2K - Seed - Apr 2021

28. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Contractbook (2015, Copenhagen)
$30.0M - Series B - May 2021
Contractbook (2015, Copenhagen)
$9.4M - Series A - Dec 2020
Contract Lifecycle Management -
Denmark
20
28
Back to index
Legal Tech (LegalDesk)
(# Cos: 24 | $44.5M)
Legal Contract Management (Contractpedia)
(# Cos: 5 | $43.6M)
Contract Lifecycle Management
(Contractbook)
(# Cos: 3 | $43.6M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$39.4M (▲846%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$43.6M
1
-
3
1
Contractbook
(2015, Copenhagen, $43.6M)
Contractpedia
(2015, Holbaek)
Contraman
(2014, Copenhagen)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

29. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Nano Positioning Tools - Denmark
21
29
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$31.6M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$50.7M
1
-
3
1
Nanotechnology (BluSense Diagnostics)
(# Cos: 20 | $175M)
Nanotools (Santaris Pharma)
(# Cos: 9 | $155M)
Production Tools (Silmeco)
(# Cos: 4 | $50.7M)
Nano Positioning (NIL Technology)
(# Cos: 3 | $50.7M)
NIL Technology
(2006, Kongens Lyngby, $50.7M)
Silmeco
(2013, Copenhagen)
Light Extraction
(2013, Kongens Lyngby)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
NIL Technology (2006, Kongens Lyngby)
$31.6M - Series B - Feb 2021

30. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Robotics in Manufacturing - Denmark
22
30
Back to index
Manufacturing Tech (Universal Robots)
(# Cos: 46 | $133M)
Robotics (OnRobot)
(# Cos: 18 | $130M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$31.2M (▲7.7%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$130M
5
-
18
1
OnRobot
(2015, Odense, $127M)
Universal Robots
(2005, Odense, $1.8M)
Inropa
(2002, Aalborg, $577K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
OnRobot (2015, Odense)
$30.8M - Series C - Dec 2020
Enabled Robotics (2016, Odense)
$453K - Seed - Dec 2020

31. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Too Good To Go (2016, Copenhagen)
$31.1M - Series A - Jan 2021
Surplus Food Ordering and Delivery
Platforms - Denmark
23
31
Back to index
Food Tech (Simple Feast)
(# Cos: 64 | $134M)
Food Discovery and Ordering (Hungry.dk)
(# Cos: 25 | $44.1M)
Surplus Food (Too Good To Go)
(# Cos: 2 | $43.8M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$31.1M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$43.8M
2
-
2
1
Too Good To Go
(2016, Copenhagen, $42.6M)
YourLocal
(2015, Copenhagen, $1.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

32. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Robotic Grippers - Denmark
24
32
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$30.8M (▲6.5%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$127M
1
-
4
1
Industrial Robotics (Universal Robots)
(# Cos: 30 | $154M)
Tech Enablers (Inropa)
(# Cos: 16 | $151M)
Hardware (Scape Technologies)
(# Cos: 8 | $150M)
Robotic Grippers (OnRobot)
(# Cos: 4 | $127M)
OnRobot
(2015, Odense, $127M)
Purple Robotics
(2017, Odense)
The Gripper Company
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
OnRobot (2015, Odense)
$30.8M - Series C - Dec 2020

33. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Healthcare IT > Value Based Care > Care Coordination > Care
Planning & Management > Emergency - Denmark
25
33
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$27.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$34.0M
1
-
1
1
Healthcare IT (Visiopharm)
(# Cos: 111 | $204M)
Value Based Care (Liva Healthcare)
(# Cos: 35 | $135M)
Care Coordination (Wear & Care Technologies)
(# Cos: 5 | $44.5M)
Care Planning & Management (Monsenso)
(# Cos: 5 | $44.5M)
Emergency (Corti)
(# Cos: 1 | $34.0M)
Corti
(2016, Copenhagen, $34.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Corti (2016, Copenhagen)
$27.0M - Series A - Aug 2021

34. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Corti (2016, Copenhagen)
$27.0M - Series A - Aug 2021
Voice Assistants for Doctors - Denmark
26
34
Back to index
Speech and Voice Recognition (Retune DSP)
(# Cos: 4 | $34.0M)
Applications (Speechminers)
(# Cos: 3 | $34.0M)
Clinical Documentation (Corti)
(# Cos: 1 | $34.0M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$27.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$34.0M
1
-
1
1
Corti
(2016, Copenhagen, $34.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

35. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Internet First Banks for Businesses with Partner
Bank's License - Denmark
27
35
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$22.5M (▲1174%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$31.4M
2
-
2
1
Banking Tech (Nordic API Gateway)
(# Cos: 26 | $458M)
Internet First Banks (Borbjerg Sparekasse)
(# Cos: 4 | $403M)
Through Bank Partnerships (Lunar)
(# Cos: 3 | $403M)
Business Banking (kompasbank)
(# Cos: 2 | $31.4M)
kompasbank
(2018, Vedbaek, $30.2M)
Hufsy
(2015, Copenhagen, $1.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
kompasbank (2018, Vedbaek)
$22.5M - Series A - Mar 2021

36. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Forecast (2016, Copenhagen)
$19.0M - Series A - May 2021
IT Project Management Tools - Denmark
28
36
Back to index
Product Management Tools (SquidHub)
(# Cos: 33 | $39.3M)
Product Development (Podio)
(# Cos: 28 | $39.3M)
Project Management (Forecast)
(# Cos: 17 | $39.3M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$19.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$39.3M
4
-
17
1
Forecast
(2016, Copenhagen, $34.1M)
Podio
(2009, Copenhagen, $4.6M)
SquidHub
(2015, Copenhagen)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

37. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Forecast (2016, Copenhagen)
$19.0M - Series A - May 2021
Project Management Software -
Denmark
29
37
Back to index
Enterprise Collaboration (MeetinVR)
(# Cos: 83 | $74.9M)
Project Management (Podio)
(# Cos: 44 | $40.8M)
Suite (Forecast)
(# Cos: 19 | $39.3M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$19.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$39.3M
4
-
19
1
Forecast
(2016, Copenhagen, $34.1M)
Podio
(2009, Copenhagen, $4.6M)
SquidHub
(2015, Copenhagen)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

38. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Electric Four Wheeler Plug In Portable
Chargers - Denmark
30
38
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$18.8M (▲24.5%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$36.1M
1
-
2
1
Energy Storage Tech (Everfuel)
(# Cos: 30 | $347M)
Charging (Clever)
(# Cos: 10 | $36.1M)
Electric Vehicle (LADOP)
(# Cos: 3 | $36.1M)
Four Wheelers (Rentaplug)
(# Cos: 3 | $36.1M)
Portable (Spirii)
(# Cos: 2 | $36.1M)
Spirii
(2019, Copenhagen, $36.1M)
LADOP
(2020, Silkeborg)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Spirii (2019, Copenhagen)
$18.8M - Series B - Jan 2021

39. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Spirii (2019, Copenhagen)
$18.8M - Series B - Jan 2021
Electric Vehicle Fleet Charging as a
Service - Denmark
31
39
Back to index
Electric Vehicles (GreenMobility)
(# Cos: 41 | $61.3M)
Charging Solutions (Clever)
(# Cos: 12 | $36.1M)
Charging as a Service (Spirii)
(# Cos: 1 | $36.1M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$18.8M (▲24.5%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$36.1M
1
-
1
1
Spirii
(2019, Copenhagen, $36.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

40. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Insect Based Pest Control - Denmark
32
40
Back to index
Pest Control (BioPhero)
(# Cos: 1 | $21.8M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$17.0M (▲1441%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$21.8M
1
-
1
1
BioPhero
(2018, Copenhagen, $21.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
BioPhero (2018, Copenhagen)
$17.0M - Series A - Mar 2021

41. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Green Pheromones - Denmark
33
41
Back to index
Chemicals Tech (RadiSurf)
(# Cos: 7 | $22.9M)
Pheromones (BioPhero)
(# Cos: 1 | $21.8M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$17.0M (▲1441%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$21.8M
1
-
1
1
BioPhero
(2018, Copenhagen, $21.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
BioPhero (2018, Copenhagen)
$17.0M - Series A - Mar 2021

42. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
eSports League Organizers - Denmark
34
42
Back to index
eSports (Astralis)
(# Cos: 13 | $257M)
League Organizers (BLAST Premier)
(# Cos: 2 | $217M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$16.3M (▼13.6%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$217M
1
-
2
1
BLAST Premier
(2016, Copenhagen, $217M)
BLAST Titans
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
BLAST Premier (2016, Copenhagen)
$16.3M - Series A - Aug 2021

43. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Online Skin Care Products Retailers -
Denmark
35
43
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$15.9M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$15.9M
1
-
3
0
Beauty Tech (Bapoon)
(# Cos: 27 | $34.4M)
Ecommerce (Goodiebox)
(# Cos: 22 | $34.4M)
Skin Care (Skin&Tonic)
(# Cos: 6 | $15.9M)
Multi Category (True North Skincare)
(# Cos: 6 | $15.9M)
Full Range (Kimovi)
(# Cos: 6 | $15.9M)
Retail (HelloSkin)
(# Cos: 3 | $15.9M)
HelloSkin
(2016, Copenhagen, $15.9M)
Skin&Tonic
(2016, Vejle)
Mask-a-holic
(2019, Bagsvaerd)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
HelloSkin (2016, Copenhagen)
$15.9M - Series A - Mar 2021

44. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
CluedIn (2015, Copenhagen)
$15.0M - Series A - Apr 2021
Master Data Management - Denmark
36
44
Back to index
Enterprise Information Management (Templafy)
(# Cos: 20 | $172M)
Enterprise Data Management (StiboSystemsNA)
(# Cos: 8 | $15.0M)
Master Data Management (CluedIn)
(# Cos: 2 | $15.0M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$15.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$15.0M
1
-
2
1
CluedIn
(2015, Copenhagen, $15.0M)
StiboSystemsNA
(1976, Hojbjerg)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

45. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Unibio (2001, Odense)
$15.0M - Series D - Jun 2021
Life Sciences Research Services -
Denmark
37
45
Back to index
Life Sciences Platforms and Tools (ALK-Abello)
(# Cos: 81 | $351M)
Research Services (AFYX Therapeutics)
(# Cos: 40 | $200M)
Diversified (Biosyntia)
(# Cos: 27 | $198M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$15.0M (▲1112%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$198M
17
2
27
4
Biosyntia
(2012, Copenhagen, $7.8M)
AFYX Therapeutics
(2013, Copenhagen, $33.3M)
ALK-Abello
(1923, Hoersholm)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

46. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Indoor Navigation Systems - Denmark
38
46
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$13.8M (▲134%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$22.2M
1
1
1
0
Geographic Information Systems (Blip Systems)
(# Cos: 24 | $23.0M)
Positioning & Navigation (GOT-Industry)
(# Cos: 3 | $22.2M)
Navigation (RoadRUNNER Rides)
(# Cos: 2 | $22.2M)
Indoor (MapsPeople)
(# Cos: 1 | $22.2M)
MapsPeople
(1897, Norresundby, $22.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
MapsPeople (1897, Norresundby)
$13.8M - Series B - May 2021

47. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Podcast Networks - Denmark
39
47
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$13.5M (▼20.3%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$37.7M
1
-
4
1
Radio Tech (WARM)
(# Cos: 11 | $39.9M)
Internet Radio & Podcast (TNT Radio)
(# Cos: 10 | $38.1M)
Streaming (MusicSense)
(# Cos: 10 | $38.1M)
Podcast (Heartbeats)
(# Cos: 5 | $37.7M)
Network (Podimo)
(# Cos: 4 | $37.7M)
Podimo
(2019, Copenhagen, $37.7M)
Heartbeats
(2014, Copenhagen)
Giti Podcast
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Podimo (2019, Copenhagen)
$13.5M - Series A - Feb 2021

48. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
White Label Prepaid Cards Solutions -
Denmark
40
48
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$9.5M (▼4.7%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$28.7M
1
-
2
1
Payments (Pleo)
(# Cos: 63 | $5.5B)
Enablers (Nordic API Gateway)
(# Cos: 15 | $5.2B)
White Label Solutions (Clearhaus)
(# Cos: 4 | $125M)
Payment Cards (SafePay)
(# Cos: 2 | $28.7M)
Prepaid Cards (Cardlay)
(# Cos: 2 | $28.7M)
Cardlay
(2016, Odense, $28.7M)
SafePay
(2014, Hellerup)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cardlay (2016, Odense)
$9.5M - Series B - Apr 2021

49. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
P2P Aggregator Cars Rentals - Denmark
41
49
Back to index
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$8.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$17.0M
3
-
4
1
Road Transport Tech (Cogo)
(# Cos: 69 | $46.9M)
Self Drive Rentals (Donkey Republic)
(# Cos: 14 | $23.2M)
Car (GreenMobility)
(# Cos: 10 | $17.0M)
Aggregator (MinBil)
(# Cos: 5 | $17.0M)
P2P (GoMore)
(# Cos: 4 | $17.0M)
GoMore
(2005, Copenhagen, $17.0M)
MinBil
(2013, Copenhagen)
Rentecarlo
(2013, Copenhagen)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
GoMore (2005, Copenhagen)
$8.8M - Series A - Apr 2021

50. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
NMD Pharma (2015, Aarhus)
$8.5M - Series A - Apr 2021
Neuromuscular Disorder Drugs -
Denmark
42
50
Back to index
Neurology (Lundbeck)
(# Cos: 26 | $259M)
Drugs (Egalet)
(# Cos: 11 | $241M)
Neuromuscular (NMD Pharma)
(# Cos: 1 | $76.1M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$8.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$76.1M
1
-
1
1
NMD Pharma
(2015, Aarhus, $76.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

51. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Blue World Technolo.. (2018, Aalborg)
$7.8M - Series A - Dec 2020
Direct Methanol Fuel Cells - Denmark
43
51
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Energy Storage Tech (Everfuel)
(# Cos: 30 | $347M)
Fuel Cell (Danish Power Systems)
(# Cos: 5 | $8.9M)
Direct Methanol (Blue World
Technologies)
(# Cos: 1 | $8.9M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$7.8M (▲1001%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$8.9M
1
-
1
0
Blue World Technologies
(2018, Aalborg, $8.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

52. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Goodiebox (2012, Copenhagen)
$7.6M - Series A - Apr 2021
Beauty Products Subscription Platforms
- Denmark
44
52
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Subscription Commerce (Mofibo)
(# Cos: 9 | $20.8M)
Beauty (theBlacBox)
(# Cos: 4 | $18.5M)
Horizontal (Goodiebox)
(# Cos: 4 | $18.5M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$7.6M (▲71.4%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$18.5M
2
-
4
1
Goodiebox
(2012, Copenhagen, $18.5M)
theBlacBox
(2019, Copenhagen)
Luxplus
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

53. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Online Beauty and Personal Care Products
Subscription Retailers - Denmark
45
53
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Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$7.6M (▲71.4%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$18.5M
2
-
3
1
Beauty Tech (Bapoon)
(# Cos: 27 | $34.4M)
Ecommerce (HelloSkin)
(# Cos: 22 | $34.4M)
Multi Category (theBlacBox)
(# Cos: 10 | $18.5M)
Full Range (Shavesafe)
(# Cos: 7 | $18.5M)
Retail (Luxplus)
(# Cos: 6 | $18.5M)
Subscription (Goodiebox)
(# Cos: 3 | $18.5M)
Goodiebox
(2012, Copenhagen, $18.5M)
Luxplus Goodiebox
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Goodiebox (2012, Copenhagen)
$7.6M - Series A - Apr 2021

54. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Penni.io (2016, Copenhagen)
$6.9M - Series A - Dec 2020
Insurance Sales & Marketing Software -
Denmark
46
54
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Insurance IT (Insurance Business Applications)
(# Cos: 9 | $35.1M)
Corporate Functions (FinBot)
(# Cos: 2 | $9.1M)
Sales & Marketing (Penni.io)
(# Cos: 1 | $9.1M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$6.9M (▲215%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$9.1M
1
-
1
1
Penni.io
(2016, Copenhagen, $9.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

55. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Nucleic Acid Purification Equipment -
Denmark
47
55
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Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$6.6M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$12.8M
1
-
1
0
Life Sciences Platforms and Tools (Biosyntia)
(# Cos: 81 | $351M)
Instruments (Evosep)
(# Cos: 20 | $61.2M)
Genomics (Biovice Systems)
(# Cos: 3 | $12.8M)
Nucleic Acid Purification (Samplix
ApS)
(# Cos: 1 | $12.8M)
Samplix ApS
(2013, Ballerup, $12.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Samplix ApS (2013, Ballerup)
$6.6M - Series A - Dec 2020

56. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Member Performance Management -
Denmark
48
56
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Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$6.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$8.7M
1
-
2
0
SME Business Management Software (PrintVis)
(# Cos: 13 | $8.7M)
Leisure (Exerp)
(# Cos: 7 | $8.7M)
Fitness Services (Zenfit)
(# Cos: 5 | $8.7M)
Fitness Centers (Athliit)
(# Cos: 4 | $8.7M)
Member Performance Management
(Motosumo)
(# Cos: 2 | $8.7M)
Motosumo
(2012, Copenhagen, $8.7M)
iQniter
(2011, Aalborg)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Motosumo (2012, Copenhagen)
$6.0M - Series A - Dec 2020

57. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Diversified - Denmark
49
57
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Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$6.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$8.7M
1
-
1
0
Fitness & Wellness Tech (Lenus eHealth)
(# Cos: 83 | $78.4M)
Physical Fitness (Endomondo)
(# Cos: 49 | $13.7M)
Smart Equipment and Accessories
(BODY BIKE)
(# Cos: 2 | $8.7M)
Diversified (Motosumo)
(# Cos: 1 | $8.7M)
Motosumo
(2012, Copenhagen, $8.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Motosumo (2012, Copenhagen)
$6.0M - Series A - Dec 2020

58. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Virtual Events - Denmark
50
58
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Events Tech (Conferize)
(# Cos: 30 | $15.7M)
Online Events (Tame)
(# Cos: 1 | $7.6M)
Taxonomy
$ Invested in last 1 year in Denmark
Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$5.5M (▲400%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$7.6M
1
-
1
1
Tame
(2016, Copenhagen, $7.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tame (2016, Copenhagen)
$5.5M - Seed - May 2021

59. Denmark Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
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Denmark Tech - Top Business Models Report
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