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

2. Denmark Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private 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 Private Limited. All rights reserved.
Denmark Tech - Funding in last 1 year
3
Banking Tech $324M
Energy Storage Tech $287M
Oncology $251M
Finance & Accounting Tech $227M
Online Grocery $155M
Customer Service Software $105M
Y-o-Y Funding
Top Investors by Funding
Rounds
Seed
Stage
PreSeed Ventures
Growth Fund
Accelerace
7
4
4
Early
Stage
Seed Capital
Growth Fund
Vaekstfonden
4
3
3
Late
Stage
Kinnevik
Creandum
Seed Capital
3
2
2
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
Lunar
(2015, Aarhus)
$249M - Series
D
GreenHydrogen
(2007, Kolding)
$229M - PE
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
Galecto Biotech
(2011, Copenhagen)
$64.2M - Series
D
Adcendo
(2017, Copenhagen)
$61.6M - Series
A
Lenus eHealth
(2016, Copenhagen)
$61.0M - Series
A
Templafy
(2014, Copenhagen)
$60.0M - Series
D
Copenhagen (62%)
Aarhus (15%)
Kolding (9%)
Odense (3%)
Hellerup (2%)
Others (9%)

4. Copyright © 2021, Tracxn Technologies Private 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▲6 Internet First Banks with Partner Bank's License $297M 2 Lunar | $249M | Series D Link
2▲14 Drugs for Multiple Cancer Types $244M 4 IO Biotech | $155M | Series B Link
3-- Wine Listing and Recommendation Platforms $155M 1 Vivino | $155M | Series D Link
4-- Corporate Travel & Expense Cards $150M 1 Pleo | $150M | Series C Link
5-- Internet First Corporate Credit Card Issuers $150M 1 Pleo | $150M | Series C Link
6▲2 Customer Service Software $105M 1 Dixa | $105M | Series C Link
7-- Neurodegenerative Disorders Drugs $73.0M 1 Muna Therape.. | $73.0M | Series A Link
8-- Collaborative Learning $62.1M 2 eloomi | $55.0M | Series B Link
9▲66 Fitness Center Management Softwares $61.0M 1 Lenus eHealth | $61.0M | Series A Link
10▲4 Document Template Management $60.0M 1 Templafy | $60.0M | Series D 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 Private 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▲24 Virtual School Laboratories $60.0M 1 Labster | $60.0M | Series C Link
12-- Anti Bacterial Drugs $57.7M 3 Minervax | $57.4M | Series B Link
13-- Aesthetic Medicines $45.0M 3 CytoKi Pharma | $45.0M | Series A Link
14-- Wound Healing Drugs $45.0M 2 CytoKi Pharma | $45.0M | Series A Link
15-- Drugs For Multiple Diseases $45.0M 2 CytoKi Pharma | $45.0M | Series A Link
16▲41 Contract Lifecycle Management $39.4M 2 Contractbook | $30.0M | Series B Link
17-- Nano Positioning Tools $31.6M 1 NIL Technology | $31.6M | Series B Link
18▼8 Robotics in Manufacturing $31.2M 2 OnRobot | $30.8M | Series C Link
19-- Surplus Food Ordering and Delivery Platforms $31.1M 1
Too Good To Go | $31.1M | Series
A
Link
20▲16 Hydrogen Generation and Storage System $31.0M 1 Everfuel | $31.0M | 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 Private 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▼10 Robotic Grippers $30.8M 1 OnRobot | $30.8M | Series C Link
22--
Security Incident and Event Management
(SIEM)
$30.0M 1 LogPoint | $30.0M | Series B Link
23▼6 Log Management $30.0M 1 LogPoint | $30.0M | Series B Link
24-- Backup and Disaster Recovery $30.0M 1 Keepit | $30.0M | Series A Link
25-- Cloud to Cloud Backup $30.0M 1 Keepit | $30.0M | Series A Link
26▲54
Internet First Banks for Businesses with Partner
Bank's License
$22.5M 1 kompasbank | $22.5M | Series A Link
27▲17 IT Project Management Tools $19.0M 1 Forecast | $19.0M | Series A Link
28▼10 Four Wheeler EV Plug In Portable Charger $18.8M 1 Spirii | $18.8M | Series B Link
29▼10 EV Fleet Charging as a Service $18.8M 1 Spirii | $18.8M | Series B Link
30-- Autonomous Farming $17.1M 1 Agro Intelli.. | $17.1M | Series A 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 Private 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▲75 Insect Based Pest Control $17.0M 1 BioPhero | $17.0M | Series A Link
32▲75 Green Pheromones $17.0M 1 BioPhero | $17.0M | Series A Link
33-- Master Data Management $15.0M 1 CluedIn | $15.0M | Series A Link
34▼13 Life Sciences Research Services $15.0M 2 Unibio | $15.0M | Series D Link
35▲7 Indoor Navigation Systems $13.8M 1 MapsPeople | $13.8M | Series B Link
36▼16 Podcast Networks $13.5M 1 Podimo | $13.5M | Series A Link
37▼4 White Label Prepaid Cards Solutions $9.5M 1 Cardlay | $9.5M | Series B Link
38-- P2P Aggregator Cars Rentals $8.8M 1 GoMore | $8.8M | Series A Link
39-- Neuromuscular Disorder Drugs $8.5M 1 NMD Pharma | $8.5M | Series A Link
40-- Online Food Takeaway $8.3M 1 Hungry Group | $8.3M | Series A 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 Private 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▲79 Direct Methanol Fuel Cells $7.8M 1 Blue World Te.. | $7.8M | Series A Link
42▲10 Beauty Products Subscription Platforms $7.6M 1 Goodiebox | $7.6M | Series A Link
43▲10
Online Beauty and Personal Care Products
Subscription Retailer
$7.6M 1 Goodiebox | $7.6M | Series A Link
44-- Radiopharmaceuticals $7.4M 1 Curasight | $7.4M | Series A Link
45▲32 Breast Cancer Diagnostic Tests $7.4M 1 Curasight | $7.4M | Series A Link
46▲26 Insurance Sales & Marketing Software $6.9M 1 Penni.io | $6.9M | Series A Link
47▼4 Electric Bicycle Manufacturers $6.7M 2 MATE | $6.7M | Series A Link
48-- Virtual Events $6.6M 2 Tame | $5.5M | Seed Link
49-- Hearing aids $6.5M 1 Audientes | $6.5M | Series A Link
50-- Member Performance Management $6.0M 1 Motosumo | $6.0M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Internet First Banks with Partner
Bank's License - Denmark
01
9
Back to index
Taxonomy
$ Invested in last 1 year in
Denmark Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$297M (▲473%)
2 (▲100%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$371M
1
-
1
1
Banking Tech (Nordic API Gateway)
(# Cos: 26 | $456M)
Internet First Banks (Hufsy)
(# Cos: 4 | $403M)
Through Bank Partnerships
(kompasbank)
(# Cos: 3 | $403M)
Diversified (Lunar)
(# Cos: 1 | $371M)
Lunar
(2015, Aarhus, $371M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Lunar (2015, Aarhus)
$249M - Series D - Jul 2021
Lunar (2015, Aarhus)
$47.3M - Series C - Oct 2020

10. Copyright © 2021, Tracxn Technologies Private 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
Ankrin Therapeut.. (2016,
Copenhagen)
$169K - Seed - Sep 2020
Drugs for Multiple Cancer Types -
Denmark
02
10
Back to index
Oncology (Scandion Oncology)
(# Cos: 38 | $1.2B)
Drugs (Oncology Venture)
(# Cos: 26 | $1.1B)
Diversified (Symphogen)
(# Cos: 20 | $1.1B)
Taxonomy
$ Invested in last 1 year in
Denmark Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$244M (▲1065%)
4 (▲300%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
1
$1.1B
15
3
20
2
Symphogen
(2000, Ballerup, $539M)
Oncology Venture
(2012, Copenhagen, $532K)
Scandion Oncology
(2016, Copenhagen, $35.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

11. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Wine Listing and Recommendation
Platforms - Denmark
03
11
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: 31 | $238M)
B2C Ecommerce (Nemlig)
(# Cos: 27 | $237M)
Beverages (Whisky.dk)
(# Cos: 12 | $226M)
Alcoholic (Mikkeller)
(# Cos: 8 | $226M)
Wine (UrbanWineBox)
(# Cos: 3 | $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

12. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Corporate Travel & Expense Cards
- Denmark
04
12
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 (Upodi)
(# Cos: 88 | $1.1B)
Accounting Solutions (Tradeshift)
(# Cos: 62 | $1.0B)
Procure to Pay (Ibistic)
(# Cos: 23 | $234M)
Travel & Expense (Trayce)
(# 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

13. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Internet First Corporate Credit Card
Issuers - 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
$150M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$234M
1
-
1
1
Payments (Nets)
(# Cos: 62 | $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

14. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Customer Service Software -
Denmark
06
14
Back to index
Customer Service Software (Raffle)
(# Cos: 23 | $160M)
Suite (Dixa)
(# Cos: 1 | $158M)
Taxonomy
$ Invested in last 1 year in
Denmark Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$105M (▲192%)
1 ( <> 0% )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$158M
1
-
1
1
Dixa
(2015, Copenhagen, $158M)
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

15. Copyright © 2021, Tracxn Technologies Private 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
07
15
Back to index
Neurology (NMD Pharma)
(# Cos: 25 | $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)
Neurosearch
(1989, Ballerup, $14.3M)
Muna Therapeutics
(2020, Copenhagen, $73.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

16. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
eloomi (2015, Copenhagen)
$55.0M - Series B - Jun 2021
eloomi (2015, Copenhagen)
$7.1M - Series A - Oct 2020
Collaborative Learning - Denmark
08
16
Back to index
HRTech (Peakon)
(# Cos: 177 | $302M)
LMS (CanopyLAB)
(# Cos: 22 | $81.5M)
Collaborative Learning (eloomi)
(# Cos: 6 | $78.0M)
Taxonomy
$ Invested in last 1 year in
Denmark Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$62.1M ( -- )
2 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$78.0M
1
-
6
1
eloomi
(2015, Copenhagen, $78.0M)
UQualio
(2010, Copenhagen)
Moch
(1999, Copenhagen)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

17. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Fitness Center Management
Softwares - Denmark
09
17
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: 72 | $76.5M)
Tools for Fitness Professionals (Exerp)
(# Cos: 10 | $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

18. Copyright © 2021, Tracxn Technologies Private 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
10
18
Back to index
Enterprise Information Management (CluedIn)
(# Cos: 17 | $170M)
Enterprise Content Management
(Digizuite)
(# Cos: 10 | $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.

19. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Virtual School Laboratories -
Denmark
11
19
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: 61 | $127M)
B2B2C Learning Solutions (Hopspots)
(# Cos: 11 | $109M)
School Curriculum (Edulab)
(# Cos: 11 | $109M)
Multi Subject (Ugly Duckling Games)
(# Cos: 10 | $102M)
Activity Based Learning
(PlayAlive)
(# 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

20. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Minervax (2010, Hellerup)
$57.4M - Series B - Dec 2020
GlyProVac (2015, Odense)
$354K - Seed - Sep 2020
UNION Therapeutics (2013,
Hellerup)
$15.7K - Series A - Feb 2021
Anti Bacterial Drugs - Denmark
12
20
Back to index
Infectious Diseases (UVD Robots)
(# Cos: 22 | $863M)
Drugs (Bavarian Nordic)
(# Cos: 15 | $258M)
Bacterial (SNIPR Biome)
(# Cos: 10 | $149M)
Taxonomy
$ Invested in last 1 year in
Denmark Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$57.7M ( -- )
3 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
1
$149M
7
1
10
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.

21. Copyright © 2021, Tracxn Technologies Private 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
LEO Pharma (1908, Copenhagen)
Undisclosed - PE - Mar 2021
Aesthetic Medicines - Denmark
13
21
Back to index
Dermatology (Advalight)
(# Cos: 10 | $107M)
Drugs (UNION Therapeutics)
(# Cos: 4 | $73.5M)
Aesthetics (LEO Pharma)
(# Cos: 3 | $48.4M)
Taxonomy
$ Invested in last 1 year in
Denmark Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$45.0M ( -- )
3 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$48.4M
3
-
3
1
LEO Pharma
(1908, Copenhagen)
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.

22. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Wound Healing Drugs -
Denmark
14
22
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

23. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Drugs For Multiple Diseases -
Denmark
15
23
Back to index
Diversified Pharmaceuticals (Saniona)
(# Cos: 16 | $171M)
Drugs (Zealand Pharma)
(# Cos: 16 | $171M)
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
2
$171M
12
3
16
1
Zealand Pharma
(1998, Glostrup)
Saniona
(2011, Ballerup)
Ascendis Pharma
(2007, Hellerup, $109M)
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

24. Copyright © 2021, Tracxn Technologies Private 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
16
24
Back to index
Legal Tech (LegalDesk)
(# Cos: 19 | $44.5M)
Legal Contract Management (Esignatur)
(# 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.

25. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Nano Positioning Tools - 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
$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

26. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Robotics in Manufacturing -
Denmark
18
26
Back to index
Manufacturing Tech (Universal Robots)
(# Cos: 44 | $133M)
Robotics (OnRobot)
(# Cos: 16 | $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
-
16
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

27. Copyright © 2021, Tracxn Technologies Private 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
19
27
Back to index
Food Tech (Simple Feast)
(# Cos: 64 | $146M)
Food Discovery and Ordering (YourLocal)
(# Cos: 25 | $56.7M)
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.

28. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Everfuel (2019, Herning)
$31.0M - Series B - Oct 2020
Hydrogen Generation and Storage
System - Denmark
20
28
Back to index
Energy Storage Tech (Blue World Technologies)
(# Cos: 28 | $350M)
Hydrogen Refueling (GreenHydrogen)
(# Cos: 6 | $302M)
Diversified (Everfuel)
(# Cos: 1 | $38.7M)
Taxonomy
$ Invested in last 1 year in
Denmark Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$31.0M (▲302%)
1 ( <> 0% )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$38.7M
1
1
1
0
Everfuel
(2019, Herning, $38.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

29. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Robotic Grippers - 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
$30.8M (▲6.5%)
1 ( <> 0% )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$127M
1
-
4
1
Industrial Robotics (Universal Robots)
(# Cos: 28 | $130M)
Tech Enablers (Inropa)
(# Cos: 15 | $128M)
Hardware (Purple Robotics)
(# Cos: 7 | $127M)
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

30. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
LogPoint (2001, Copenhagen)
$30.0M - Series B - Sep 2020
Security Incident and Event
Management (SIEM) - Denmark
22
30
Back to index
Cybersecurity (Napatech)
(# Cos: 65 | $110M)
Security Analytics (Neupart)
(# Cos: 6 | $48.6M)
SIEM (LogPoint)
(# Cos: 1 | $48.6M)
Taxonomy
$ Invested in last 1 year in
Denmark Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$30.0M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$48.6M
1
-
1
1
LogPoint
(2001, Copenhagen, $48.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

31. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
LogPoint (2001, Copenhagen)
$30.0M - Series B - Sep 2020
Log Management - Denmark
23
31
Back to index
IT Operations (Queue-it)
(# Cos: 25 | $120M)
ITOM (Humio)
(# Cos: 13 | $87.8M)
Log Management (LogPoint)
(# Cos: 2 | $80.6M)
Taxonomy
$ Invested in last 1 year in
Denmark Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$30.0M (▲50%)
1 ( <> 0% )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
1
$80.6M
2
-
2
1
LogPoint
(2001, Copenhagen, $48.6M)
Humio
(2016, Aarhus, $32.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

32. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Backup and Disaster Recovery -
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
$30.0M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
1
$30.6M
1
-
3
1
IT Operations (LogPoint)
(# Cos: 25 | $120M)
ITSM (EveryonePrint)
(# Cos: 10 | $31.0M)
Continuity Management (FrontSafe)
(# Cos: 3 | $30.6M)
Backup and Disaster
Recovery (Keepit)
(# Cos: 3 | $30.6M)
Keepit
(2002, Copenhagen, $30.6M)
FrontSafe
(2006, Taastrup)
Podio Backup
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Keepit (2002, Copenhagen)
$30.0M - Series A - Sep 2020

33. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Cloud to Cloud Backup - 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
$30.0M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$30.6M
1
-
1
1
Enterprise Storage (Backup Bird)
(# Cos: 9 | $30.6M)
Storage Management (Cloud.dk)
(# Cos: 7 | $30.6M)
Backup & Recovery (Chocolate
Cloud)
(# Cos: 7 | $30.6M)
Cloud to Cloud Backup
(Keepit)
(# Cos: 1 | $30.6M)
Keepit
(2002, Copenhagen, $30.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Keepit (2002, Copenhagen)
$30.0M - Series A - Sep 2020

34. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Internet First Banks for Businesses with
Partner Bank's License - Denmark
26
34
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 | $456M)
Internet First Banks (Hufsy)
(# 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

35. Copyright © 2021, Tracxn Technologies Private 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
27
35
Back to index
Product Management Tools (TimeLog)
(# Cos: 31 | $39.3M)
Product Development (Podio)
(# Cos: 26 | $39.3M)
Project Management (Forecast)
(# Cos: 16 | $39.3M)
Taxonomy
$ Invested in last 1 year in
Denmark Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$19.0M (▲246%)
1 ( <> 0% )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
2
$39.3M
4
-
16
1
Forecast
(2016, Copenhagen, $34.1M)
Podio
(2009, Copenhagen, $4.6M)
Magma
(2010, Copenhagen, $370K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

36. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Four Wheeler EV Plug In Portable
Charger - Denmark
28
36
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 (▲8.7%)
1 (▼50%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$36.1M
1
-
1
1
Energy Storage Tech (Everfuel)
(# Cos: 28 | $350M)
Charging (Clever)
(# Cos: 8 | $36.1M)
Four Wheelers (Rentaplug)
(# Cos: 2 | $36.1M)
Portable (Spirii)
(# Cos: 1 | $36.1M)
Spirii
(2019, Copenhagen, $36.1M)
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

37. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Spirii (2019, Copenhagen)
$18.8M - Series B - Jan 2021
EV Fleet Charging as a Service -
Denmark
29
37
Back to index
Electric Vehicles (MATE)
(# Cos: 37 | $60.1M)
Charging Solutions (Clever)
(# Cos: 10 | $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 (▲8.7%)
1 (▼50%)
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.

38. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Agro Intelligence (2015, Aarhus)
$17.1M - Series A - Oct 2020
Autonomous Farming -
Denmark
30
38
Back to index
Crop Tech (DLF)
(# Cos: 51 | $52.0M)
Autonomous Farming (Ellepot)
(# Cos: 6 | $19.2M)
Diversified (Agro Intelligence)
(# Cos: 2 | $19.2M)
Taxonomy
$ Invested in last 1 year in
Denmark Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$17.1M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$19.2M
1
-
2
0
Agro Intelligence
(2015, Aarhus, $19.2M)
Precision Makers
(2015, Copenhagen)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

39. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Insect Based Pest Control -
Denmark
31
39
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

40. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Green Pheromones - Denmark
32
40
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

41. Copyright © 2021, Tracxn Technologies Private 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
33
41
Back to index
Enterprise Information Management (Templafy)
(# Cos: 17 | $170M)
Enterprise Data Management
(StiboSystemsNA)
(# Cos: 7 | $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.

42. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Life Sciences Research Services -
Denmark
34
42
Back to index
Life Sciences Platforms and Tools (AFYX
Therapeutics)
(# Cos: 80 | $335M)
Research Services (ALK-Abello)
(# Cos: 40 | $199M)
Taxonomy
$ Invested in last 1 year in
Denmark Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$15.0M (▼7.6%)
2 ( <> 0% )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
2
$199M
23
3
40
4
ALK-Abello
(1923, Hoersholm)
AFYX Therapeutics
(2013, Copenhagen, $33.3M)
SNIPR Biome
(2015, Copenhagen, $52.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Unibio (2001, Odense)
$15.0M - Series D - Jun 2021
Fidabio (2020, Copenhagen)
$683K - Seed - Dec 2020

43. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Indoor Navigation Systems -
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
$13.8M (▲134%)
1 ( <> 0% )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$22.2M
1
-
1
1
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

44. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Podcast Networks - Denmark
36
44
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
-
2
1
Radio Tech (WARM)
(# Cos: 8 | $39.9M)
Internet Radio & Podcast (Limelight Music)
(# Cos: 7 | $38.1M)
Streaming (MusicSense)
(# Cos: 7 | $38.1M)
Podcast (Heartbeats)
(# Cos: 3 | $37.7M)
Network (Podimo)
(# Cos: 2 | $37.7M)
Podimo
(2019, Copenhagen, $37.7M)
Heartbeats
(2014, Copenhagen)
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

45. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
White Label Prepaid Cards
Solutions - Denmark
37
45
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: 62 | $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

46. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
P2P Aggregator Cars Rentals -
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
$8.8M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
1
$17.0M
3
-
4
1
Road Transport Tech (Drivr)
(# Cos: 63 | $35.7M)
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)
NaboGO
(2018, Vejle)
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

47. Copyright © 2021, Tracxn Technologies Private 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
39
47
Back to index
Neurology (Lundbeck)
(# Cos: 25 | $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.

48. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Online Food Takeaway -
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
$8.3M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$12.7M
1
-
3
1
Food Tech (Simple Feast)
(# Cos: 64 | $146M)
Food Discovery and Ordering (Too Good
To Go)
(# Cos: 25 | $56.7M)
Restaurant Aggregator (EatOnline)
(# Cos: 6 | $12.7M)
Takeaway (Hungry Group)
(# Cos: 3 | $12.7M)
Hungry Group
(2012, Aarhus, $12.7M)
Takeout
(2002, Copenhagen)
OneBite Better
(2019, Copenhagen)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Hungry Group (2012, Aarhus)
$8.3M - Series A - Sep 2020

49. Copyright © 2021, Tracxn Technologies Private 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
41
49
Back to index
Energy Storage Tech (Everfuel)
(# Cos: 28 | $350M)
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.

50. Copyright © 2021, Tracxn Technologies Private 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
42
50
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Subscription Commerce (Mofibo)
(# Cos: 11 | $21.7M)
Beauty (Luxplus)
(# 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)
Luxplus theBlacBox
(2019, Copenhagen)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

51. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Online Beauty and Personal Care
Products Subscription Retailer - Denmark
43
51
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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
1
-
2
1
Beauty Tech (Kimovi)
(# Cos: 25 | $18.5M)
Ecommerce (HelloSkin)
(# Cos: 21 | $18.5M)
Multi Category (theBlacBox)
(# Cos: 10 | $18.5M)
Full Range (Luxplus)
(# Cos: 7 | $18.5M)
Retail (SlikhaarShop)
(# Cos: 6 | $18.5M)
Subscription (Goodiebox)
(# Cos: 2 | $18.5M)
Goodiebox
(2012, Copenhagen, $18.5M)
Luxplus
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

52. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Radiopharmaceuticals -
Denmark
44
52
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Taxonomy
$ Invested in last 1 year in
Denmark Tech
Key Stats
# Funding Rounds in last 1 year in
Denmark Tech
$7.4M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$26.9M
2
-
2
0
Diagnostics (by Technology) (BluSense
Diagnostics)
(# Cos: 34 | $189M)
Reagents and Kits (ViroGates)
(# Cos: 6 | $74.3M)
Contrast by Emission (Curasight)
(# Cos: 2 | $26.9M)
Radiopharmaceuticals
(Nanovi)
(# Cos: 2 | $26.9M)
Nanovi
(2012, Lyngby, $15.4M)
Curasight
(2013, Copenhagen, $11.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Curasight (2013, Copenhagen)
$7.4M - Series A - Sep 2020

53. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Breast Cancer Diagnostic Tests -
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
$7.4M (▲281%)
1 ( <> 0% )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$16.3M
2
-
2
0
Oncology (Symphogen)
(# Cos: 38 | $1.2B)
In-Vitro Diagnostic Tests (TeleSkin)
(# Cos: 10 | $33.3M)
Women's Cancer (Curasight)
(# Cos: 2 | $16.3M)
Breast Cancer (TeesuVac)
(# Cos: 2 | $16.3M)
TeesuVac
(2013, Aarhus, $4.7M)
Curasight
(2013, Copenhagen, $11.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Curasight (2013, Copenhagen)
$7.4M - Series A - Sep 2020

54. Copyright © 2021, Tracxn Technologies Private 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 (TIA Technology)
(# 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 Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Electric Bicycle Manufacturers -
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
$6.7M (▲19%)
2 (▼33.3%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$12.3M
1
-
3
1
Electric Vehicles (GreenMobility)
(# Cos: 37 | $60.1M)
Automaker (TRIPL)
(# Cos: 14 | $14.0M)
Two Wheelers (Fenris Motorcycles)
(# Cos: 6 | $12.6M)
Bicycles (MATE)
(# Cos: 3 | $12.3M)
MATE
(2016, Copenhagen, $12.3M)
Pro-Movec
(2001, Risskov)
ANNOBIKE
(2019, Copenhagen)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
MATE (2016, Copenhagen)
$6.7M - Series A - Oct 2020
MATE (2016, Copenhagen)
Undisclosed - Series A - May 2021

56. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Virtual Events - Denmark
48
56
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Events Tech (Gaest)
(# Cos: 30 | $11.4M)
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
$6.6M ( -- )
2 ( -- )
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
Tame (2016, Copenhagen)
$1.1M - Seed - Sep 2020

57. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Hearing aids - 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
$6.5M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
1
$7.3M
4
-
9
0
Assistive Tech (Be My Eyes)
(# Cos: 25 | $16.6M)
Assistive Hardware (Oticon)
(# Cos: 13 | $9.2M)
Hearing (Widex)
(# Cos: 9 | $7.3M)
Hearing aids (ReSound)
(# Cos: 9 | $7.3M)
ReSound
(1869, Ballerup)
Widex
(1956, Copenhagen)
Oticon
(1904, Copenhagen)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Audientes (2014, Virum)
$6.5M - Series A - Aug 2020

58. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech - Top Business Models Report
Recent Funding Rounds
Member Performance Management
- Denmark
50
58
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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: 12 | $8.7M)
Leisure (Zenfit)
(# Cos: 6 | $8.7M)
Fitness Services (Exerp)
(# 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

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