Danish data platform Weld nabs €4 million in its first year and sets sights on US and UK expansion

Danish tech startup, Weld, founded in Copenhagen in 2021 by Jonas Thordal, Jakob Skytte and Jakob Kristensen, has just raised €4 million for its all-in-one data platform. 

The Weld platform allows companies to build powerful data models and metrics, enabling greater insights and expedited decision-making capabilities, as well as streamlining data workflows. 

The platform is built on top of companies’ own data warehouse and can integrate with the most popular SaaS tools and databases, including the likes of Hubspot, Salesforce and Redshift. 

The young company has a mission to drive business impact through empowering customers to get more value from their data. They have just received this seed funding boost from Frontline Ventures and Cherry Ventures alongside angels Des Traynor (co-founder of Intercom) David Clarke (former CTO at Workday), Phil Chambers (co-founder of Peakon) and Petr Janda (CTO at Pleo) to grow their customer-centric vision of data platforms. 

The investment will be used to further expand and develop the startup’s product offering. The team also have their eyes firmly set on expanding beyond Northern Europe, with plans to open offices in the UK and the US during the first half of 2022. 

Headquartered in Copenhagen, the company already has about 40% of its employees working remotely across Denmark, Germany, England and Canada. With New York and London as key target destinations for 2022, the team plans to grow from a current headcount of 30 to 75 by the end of next year. 

Jonas Thordal, CEO, said: “In order to unfold Weld’s vision, it is crucial that we have the absolute best people on board. Your skills are more important than where you live. But it’s not only about skills, it’s also about finding people that fit into our culture and align with our values as we are trying to build one of the best companies to work for.”