Denmark is known for its high quality of life and consistently ranks as one of the world’s “happiest” countries. But it’s also a great place for startups!
The country’s capital, Copenhagen, is home to a very active and growing startup scene. According to our annual research, Copenhagen ranks on the 11th place of Europe’s biggest startup hubs. Despite a rather small population of just 5.8 million people, Denmark is counting a quite impressive number of funding rounds each year and has a higher investment ratio in startups per capita than many other European countries.
In the beginning of this year, we took a closer look at the Danish startup scene. As a result, today we’re introducing you to 10 of Denmark’s hottest startups that were founded between 2018 and 2020 that we believe are on their way to great success in 2021 and beyond:
Podimo – Founded in 2019, Podimo is taking over the audio scene. A subscription service for audio stories and podcasts, Podimo promises to bring users the podcasts they already know and love, as well as lots of exclusive content from both well-known and brand new hosts. The Copenhagen-based team has raised around €21 million in total, its last round being in 2020 with €15 million, with a team size of already over 100 pople.
Likvido – Founded in 2018, this fintech startup based in Copenhagen is on a mission to provide companies with an easy and user-friendly solution for charging invoices. How does it do this? By automating the entire invoice-to-cash process, and offering flexible financing solutions for SMEs. The Likvido team landed another seed funding round in 2020, totalling €2.5 million, to scale up its solution and help more founders avoid bankruptcy related to invoice chasing.
Nordic API Gateway – Founded in 2018, Nordic API Gateway’s team aims to bring frictionless financial futures for all businesses and people. How does it do this? Via their deep and wide coverage of financial data in Northern Europe, and out-of-the-box open banking solutions, which enable their partners (such as Danske Bank, DNB, Jyske Bank) to retrieve account information and perform account-to-account payments at speed. The young company already has a team size of about 50 people and raised around €4.6 million in 2020.
Good Monday – Founded in 2018, the Good Monday team knows that running an office and a team can be stressful. That’s why they came up with their platform to give office administrators and managers back control. Spread between Copenhagen and London, Good Monday enables the best office services powered by local providers, with all planning, communication, quoting and invoicing made simple and easy. The Danish startup landed around €3.5 million seed funding in June 2020.
Jumpstory was founded in 2018 and aims to reinvent the photo and video industry by helping marketers everywhere access the world’s best visuals in one click. What makes them unique? The startup prioritises high quality and high performing images of real people and emotions. The Aarhus-based Jumpstory team raised about €900K seed funding in 2020, and they say they are boasting 80% better results compared with traditional stock photos.
Raffle.ai – Founded in 2018, Raffle.ai aims to improve the experience of your customers who are searching for information and knowledge. It has some cool sounding products, driven by AI: AutoPilot, CoPilot, and MissionControl, which hold your customer’s hands through their queries, and then report back to you with the results, giving detailed analysis on how your customers and employees have interacted. The Copenhagen-based team has landed over €1 million in seed funding during 2020, to expand further in 2021 and beyond.
Cerebriu – The Copenhagen-based healthtech startup Cerebriu was founded in 2018. Its mission? To develop machine learning in medical imaging that improves workflow efficiency and quality in radiology. In 2020, the ambitious team, which has links to the University of Copenhagen, extended its focus in order to create artificial intelligence models to predict the need for intensive and respiratory needs of COVID-19 patients, landing a number of seed funding rounds (about €3 million in total) to accelerate its progress.
Platypus – Founded in 2019, the Copenhagen-based startup Platypus improves person-organisation cultural alignment, in order to reduce staff turnover. Its HRtech SaaS tool, helps managers and founders discover what people value at every stage of the talent lifecycle, from attraction to management to retention. In 2020, the young company closed a funding round of €2.3 million speed up its expansion during this key moment (pandemic) as teams working from home need to pull together and collaborate now more than ever before.
GamerzClass is the serious esports players’ dream – a B2C subscription service that helps gamers reach their full potential. Founded in 2019 and headquartered in Copenhagen, the GamerzClass team already has paying customers in 100+ countries, thanks to its platform which allows users to learn from the world’s best, via on-demand video material, gamification, and a data-driven progress tracker. With many citizens stuck at home last year, the startup raised over €1 million to reach more gamers than ever before.
Dreamdata – Founded in 2018, Dreamdata is here to help with your startups’ customer acquisition. Its tools provide insights into your customer journey at micro and macro levels, enabling algorithmic-driven decision-making in marketing and sales. With more companies than ever relying on their digital footprint nowadays, the Copenhagen-based startup secured €3.6 million in funding during 2020 in order to help more businesses “repeat success and stop wasting money”.
By the way: If you’re a corporate or investor looking for exciting startups in a specific market for a potential investment or acquisition, check out our Startup Sourcing Service!