With a growth close to 40% since 2019 it’s an incredibly exciting time for the Danish ecosystem. With record-breaking rounds, increased global attention and a very strong talent pool, Denmark’s startup scene will only continue to grow.
Denmark has already churned out an impressive eight unicorn companies and its capital, Copenhagen, looks set to produce many more thanks to the city’s combination of a supportive and experienced entrepreneurial community, hassle-free business environment, and highly educated workforce. The success of Copenhagen-founded companies like Just-Eat and Zendesk has produced a new generation of mentors and angel investors to support the city’s early-stage companies. The ecosystem’s newest unicorns Fintech Pleo, which just raised $150 million at a $1.7 billion valuation and Lunar which raised $249 million in a series D round to achieve unicorn status in July 2021. Entrepreneurs here also lean on a large network of tech-focused events, organizations, and investors. Every year TechBBQ gathers approximately 8,000 entrepreneurs and investors for the largest innovation summit in Denmark. Danish Startup Group (DSG) is a non-profit organization offering events, workshops, and networking opportunities. A new VC fund, 2150, launched in 2021 with the first close of a €200 million fund to back technologies aimed at reducing the carbon footprint of cities. Sector-specific events and organizations include Copenhagen Fintech Week, which connects startups with financial institutions, researchers, governments, and NGOs, and 2150, a new $228 million fund targeting sustainable tech startups in Copenhagen, London, and Berlin. PropTech Denmark is dedicated to nurturing tech-driven innovation in real estate. Danish proptech startups attracted more than $26M in investments in 2020. Two notable companies are LifeX which raised $6.9M in October 2020, and Proper, which closed a $4.6M seed round in March 2021.
Ecosystem by the numbers
Reasons to move your startup to Copenhagen
Ease of Relocation
Digital Hub Denmark
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