This monthly report from Tracxn provides an overview of investment activity in Denmark Tech for May 2021. Some key highlights include: - A total of $107 million was invested across 5 funding rounds. - Notable investments included a $45 million Series A round in CytoKi Pharma and a $30 million Series B in Contractbook. - New investors that entered the market in May included Marcy Venture Partners, Boost VC, and Tiger Global Management. - Companies upgraded to "minicorn" status based on funding levels included FRVR, Tame, and CytoKi Pharma.

1. TRACXN MONTHLY REPORT
MAY 2021
DENMARK TECH

2. Denmark Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
2
Denmark Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 6
Top Funded Business Models - last 1 year 7
New Analyst Picks 8
Acquisitions 9
Recent News 10

3. Denmark Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Denmark Tech Snapshot – May 2021
Denmark Tech: Snapshot – May 2021
Note : "Investors" refers to "Institutional Investors" only
3
$107M
5
Overall Geo Stats
4
2
15
8
8
Funding Rounds $ Invested Analyst Picks
FRVR Upgraded to
MINICORN
New Investors
Marcy Venture
Partners
Boost VC
Series A+ rounds Active Investors IPOs Acquisitions
Exerp#@
Nordija#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Copenhagen
(6 Rounds, $57.1M)
Vaerlose
(1 Rounds, $45M)
Taastrup
(1 Rounds, $4.5M)
$45M - Series A
CytoKi Pharma (2019, Vaerlose, $45M)
$30M - Series B
Contractbook (2015, Copenhagen, $43.6M)
$19M - Series A
Forecast (2016, Copenhagen, $34.1M)
$5.5M - Seed
Tame (2016, Copenhagen, $7.6M)
Byfounders
(2 Investments)
Balderton Capital
(1 Investments)
Tiger Global Management
(1 Investments)
Bessemer Venture
Partners
(1 Investments)
Dermatology
CytoKi Pharma
Wound Care
Legal Tech
Contractbook
Enterprise Collaboration
Forecast
Market Size
Companies Covered 3,558
Funded Companies 1,182
Total Funding $19.6B
Funding in last 12 months $1.5B
Top Exits
IPOs 57
Acquisitions 263
Company Stage
Unicorns 2
Soonicorns 20
Minicorns 121
Editor Picks 422
Series A+ 268
Series C+ 65
Acqui-Hires 1
Deadpooled 279
Top Cities
Copenhagen (1,116 Rounds, $14.5B)
Aarhus (148 Rounds, $494M)
Top Investors
Accelerace (130 Investments)
Seed Capital (93 Investments)

4. Denmark Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Denmark Tech as of May 2021
Denmark Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (May 2021)*
CytoKi Pharma
(2019, Vaerlose, $45.0M)
$45.0M - Series A Lundbeck Foundation
Contractbook
(2015, Copenhagen, $43.6M)
$30.0M - Series B Tiger Global Management
Forecast
(2016, Copenhagen, $34.1M)
$19.0M - Series A Balderton Capital
Tame
(2016, Copenhagen, $7.6M)
$5.5M - Seed VF Venture
WaveTouch
(2013, London, $10.9M)
$4.5M - Series A
FRVR
(2014, Copenhagen, $5.6M)
$2.6M - Seed Hiro Capital
*Shows only the lead Investors

5. Denmark Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Denmark Tech in May 2021
Denmark Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
EARLY STAGE
$4.5M - Series A
WaveTouch (2013, London, $10.9M)
Developer of pressure-sensitive interactive touch
displays
EARLY STAGE
$19.0M - Series A
Forecast (2016, Copenhagen, $34.1M)
Web-based project management platform
Balderton Capital, Seed Capital, Heartcore Capital,
Crane Venture Partners
EARLY STAGE
$30.0M - Series B
Contractbook (2015, Copenhagen, $43.6M)
Cloud-based legal contract management solutions
proivder
Tiger Global Management, Bessemer Venture Partners,
Byfounders, Gradient Ventures
EARLY STAGE
$45.0M - Series A
CytoKi Pharma (2019, Vaerlose, $45.0M)
Developer of therapeutic epithelial based diseases
Lundbeck Foundation, Seventure Partners, Ysios
Capital
EARLY STAGE
Series A
MATE (2016, Copenhagen, $11.4M)
Developer of electric-bicycles
Marcy Venture Partners
SEED STAGE
$2.6M - Seed
FRVR (2014, Copenhagen, $5.6M)
Game development studio
Hiro Capital
SEED STAGE
$5.5M - Seed
Tame (2016, Copenhagen, $7.6M)
Event planning and marketing software
VF Venture, Byfounders, Mikkel Lomholt, Sune Alstrup,
Ulrik Lehrskov Schmidt
SEED STAGE
Seed
Tempo (2017, Copenhagen)
Cloud-based platform offering mail management
software
Boost VC

6. Denmark Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in Denmark Tech in May 2021
Denmark Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
Marcy Venture Partners
9 portfolio companies | Venture capital firm investing in consumer businesses
MATE
Developer of electric-bicycles
Undisclosed Series A
Boost VC
152 portfolio companies | Startup accelerator
Tempo
Cloud-based platform offering mail management software
Undisclosed Seed
Hiro Capital
12 portfolio companies | Venture capital firm investing in digital sports & games
sectors
FRVR
Game development studio
$2.60M Seed
Tiger Global Management
570 portfolio companies | Hedge fund and venture capital fund
Contractbook
Cloud-based legal contract management solutions proivder
$30.00M Series B

7. Denmark Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
7
Rank Business Model $ Funding # Rounds Top Funding Round
1 -- Wine Listing and Recommendation Platforms $155M 1 Vivino | $155M | Series D
2 -- Virtual Student Learning Labs for Schools $69.0M 2 Labster | $60.0M | Series C
3 ▲78 Cancer Drugs $62.0M 1 ADCendo | $62.0M | Series A
4 -- Anti Bacterial Drugs $57.7M 3 Minervax | $57.4M | Series B
5 -- Immunotherapy > Vaccine > Prophylactic $57.4M 1 Minervax | $57.4M | Series B
6 <> 0 Internet First Banks with Partner Bank's License $47.3M 1 Lunar | $47.3M | Series C
7 -- Aesthetic Medicines $45.0M 2 CytoKi Pharma | $45.0M | Series A
8 -- Wound Healing Drugs $45.0M 1 CytoKi Pharma | $45.0M | Series A
9 -- Drugs For Multiple Therapeutic Areas $45.0M 1 CytoKi Pharma | $45.0M | Series A
10 ▲34 Contract Lifecycle Management $39.4M 2 Contractbook | $30.0M | Series B

8. Denmark Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks
Interesting Companies identified by Analysts in Denmark Tech in May 2021
Denmark Tech: Analyst Picks
8
Upgraded to MINICORN
FRVR (2014, Copenhagen, $3.0M, Seed)
Game development studio
Hiro Capital, Makers Fund, Paul Heydon and 2 other
Investors
Upgraded to MINICORN
Tame (2016, Copenhagen, $654K, Seed)
Event planning and marketing software
Tommy Andersen, Ulrik Lehrskov Schmidt, Hampus
Jakobsson and 7 other Investors
Upgraded to MINICORN
CytoKi Pharma (2019, Vaerlose, $45.0M, Series A)
Developer of therapeutic epithelial based diseases
Seventure Partners,Ysios Capital,Lundbeck
Foundationand
Added to Editor's Pick
FieldSense (2015, Aarhus, Unfunded)
Provider of an AI and cloud-based weather tracking
system for agriculture industries
Added to Editor's Pick
JABII (2016, Copenhagen, Unfunded)
Provider of an augmented reality-based boxing game
Added to Editor's Pick
RPMAhealthcare (2020, Sonderborg, Unfunded)
Cloud and AI-based remote patient monitoring
solutions
Added to Editor's Pick
PressPort (2002, Koege, Unfunded)
SaaS-driven platform offering diversified solutions for
digital publishing companies
Added to Editor's Pick
Captego (2018, Aarhus, Unfunded)
Online safety & inspection software for the
construction industry

9. Denmark Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Denmark Tech in May 2021
Denmark Tech: Acquisitions
9
Acq. Date Company Acquirer Deal Size
14 May 2021
Exerp(1994, Copenhagen)
Member management software for fitness clubs
Clubessential Holdings
27 May 2021
Nordija(1998, Kongens Lyngby)
IPTV and OTT service delivery platform
24i $6.5M

10. Denmark Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Denmark Tech in May 2021
Denmark Tech:News
10
Exit News
.
● Cincy Inno - Cincinnati tech firm makes first overseas acquisition The Business
Journals
.
● SiriusXM, Pandora, and Stitcher Advertising Organizations Unite as SXM Media
MarTech Series
.
People News
.
● Centric Brands Adds To Leadership Team And Board Of Directors SGB Media
.
● Maybank Kim Eng Appoints Singapore Chief retailnews.asia
.
● Saxo Markets UK Hires Simon O’Malley as the New CFO Finance Magnates
.
● Nets Hires Former Mastercard, Global Payments President Financial IT
.
Company News
.
● Zealand Pharma receives first FDA approval and prepares for launch of
Zegalogue® (dasiglucagon) injection GlobeNewswire

11. Denmark Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
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Explore more about Denmark Tech on Tracxn Platform
Denmark Tech: Explore more on Tracxn Platform
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