Denmark's startup ecosystem is growing, with Copenhagen being the main hub for innovation. As of 2023, Denmark is home to around 1,500 startups. The Danish government supports entrepreneurship through initiatives like Innovation Fund Denmark and the Danish Growth Fund, which provide funding, resources, and mentorship for startups. In 2022, Danish startups raised approximately €1 billion in venture capital. These factors collectively highlight the dynamic and evolving nature of Denmark's startup landscape.
As of 2023, Denmark's startup ecosystem includes around 1,500 startups. In 2022, these startups attracted approximately €1 billion in venture capital funding. This substantial investment underscores the ecosystem's growth potential and robust nature. The market's size and financial backing reflect its capacity to foster innovation and maintain a competitive edge within Europe and beyond.
Denmark's startup ecosystem is characterized by several key strengths, including a highly educated workforce, a strong focus on sustainability, and a favorable business environment. The country excels in sectors such as fintech, healthtech, and cleantech. These strengths are bolstered by the Danish government's support and the presence of world-class universities and research institutions, positioning Denmark as a leader in the European startup scene.
Copenhagen is the primary hub of Denmark’s startup ecosystem, known for its strengths in fintech, healthtech, and cleantech. The city attracts significant investments and has produced notable startups like Tradeshift and Too Good To Go. Copenhagen's dynamic ecosystem is instrumental in driving Denmark's economic growth and technological advancements.
In addition to Copenhagen, emerging hubs like Aarhus and Odense are gaining prominence in Denmark’s startup ecosystem. Aarhus is known for its strengths in digital technology and agritech, while Odense is becoming a hub for robotics and industrial automation. These emerging hubs are expanding the reach and diversity of Denmark’s entrepreneurial landscape, offering new opportunities for innovation and growth.
Denmark’s startup ecosystem benefits from a strong network of incubators, accelerators, and co-working spaces that provide essential support and resources for entrepreneurs. Initiatives like Copenhagen FinTech and Startupbootcamp have significantly boosted the ecosystem by offering mentorship, resources, and international exposure. This supportive infrastructure is crucial for nurturing early-stage companies and fostering a collaborative entrepreneurial environment.
Despite its strengths, the Danish startup ecosystem faces challenges such as high living costs and a relatively small domestic market. Navigating these hurdles can be time-consuming and complex for startups. Addressing these issues requires strategic efforts and supportive policies to sustain growth and competitiveness in the global market.
Denmark has significant opportunities for growth in sectors like fintech, healthtech, and green technology. The country's strong focus on sustainability drives innovation in renewable energy and environmental technologies. Denmark's strategic location in Europe and strong trade relationships provide startups with opportunities for international expansion. With continued investment and innovation, the Danish startup ecosystem is poised for further growth, contributing significantly to the European and global markets.
Denmark's startup ecosystem demonstrates remarkable resilience and adaptability. The country's commitment to innovation, coupled with strong government and institutional support, enables startups to navigate challenges and capitalize on opportunities. The diverse talent pool and high level of digitalization attract entrepreneurs and investors alike, ensuring sustained growth and success in the face of global economic shifts and market dynamics.
Denmark's startup ecosystem is significantly supported by influential angel investors who provide crucial early-stage funding and mentorship. Prominent figures include Jesper Buch, founder of Just Eat, and Tommy Ahlers, former CEO of ZYB and a prominent tech investor. These investors typically contribute between €50,000 and €500,000 per deal, offering not only capital but also strategic guidance and industry expertise. Their involvement is vital for the growth and development of early-stage companies, helping them navigate initial challenges and scale effectively. Jesper Buch, for example, has been instrumental in fostering innovation across various tech sectors.
Denmark's venture capital landscape is driven by leading firms that provide substantial investments into high-growth startups. Firms such as Seed Capital, Heartcore Capital, and Nordic Eye Venture Capital are at the forefront, funding sectors including technology, health, and fintech. Seed Capital, for instance, has a diverse portfolio that includes companies like Trustpilot and Vivino. These firms typically engage in Series A to Series C funding rounds, with investment sizes ranging from €1 million to €50 million, facilitating significant scaling opportunities for startups.
The size and scope of investments in Denmark's startup ecosystem vary, catering to different stages of business growth. Early-stage investments, often provided by angel investors, range from €50,000 to €2 million. For growth-stage companies, venture capital firms offer larger funding rounds, typically between €5 million and €50 million. The scope of these investments spans various sectors, including AI, biotechnology, fintech, and cleantech, reflecting the diverse and dynamic nature of Denmark's entrepreneurial landscape.
Denmark's venture capital and angel investment activity are robust, with a significant number of deals annually. In 2022, over 150 venture capital deals were recorded, amounting to approximately €1 billion in investments. This high level of activity underscores the vibrancy of the Danish startup ecosystem, with both angel investors and venture capital firms actively seeking out and funding promising startups across a broad spectrum of industries.
The future outlook for Denmark's investment market is highly optimistic. With a continued emphasis on innovation and technology, sectors such as AI, biotechnology, and clean technology are expected to drive substantial growth. Government support through initiatives like Innovation Fund Denmark further bolsters the ecosystem. As global interest in sustainable and innovative solutions increases, Denmark's startups are well-positioned to attract significant international investments, fostering an environment ripe for continued expansion and success.
Support and mentorship are critical components of Denmark's startup ecosystem. Angel investors and venture capitalists often provide more than just financial backing; they offer strategic advice, industry connections, and operational support. Programs like Copenhagen FinTech and Startupbootcamp enhance this support, offering structured mentorship, resources, and access to capital. This comprehensive support system helps startups navigate early challenges and scale effectively.
The Danish government and various institutions play a pivotal role in nurturing the startup ecosystem. Initiatives such as Innovation Fund Denmark and the Danish Growth Fund provide substantial financial support and incentives. Additionally, organizations like Copenhagen Capacity offer grants, loans, and advisory services. This extensive support infrastructure is vital for fostering innovation, reducing financial barriers, and promoting sustainable growth within the startup community.
Denmark's startup ecosystem is bolstered by top angel investors, leading venture capital firms, and extensive support systems. With a diverse range of investment sizes and scopes, the market is poised for significant growth. The future outlook remains positive, driven by innovation, government support, and a collaborative environment. As Denmark continues to attract global investments and foster entrepreneurial talent, it stands to become a key player in the global startup landscape, contributing to advancements across various high-growth sectors.
San Francisco Bay Area - California, U.S.A. - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Iceland, Monaco
FinTech (& Financials services) • Hardware (& Manufacturing) • Retail (& E-Commerce) • Entertainment (& Sports) • A.I. (& Big Data) • Web Security (& Privacy) • Cloud Services (& Infrastructure) • Future Of Work • Mobility
General Partner @index-ventures
London - New York City, U.K. - Germany - Sweden - Denmark
Software (Web Marketplace Saas..) • FinTech (& Financials services) • Consumer
General Partner at Balderton Capital
An experienced investor and strategic operator in technology companies having spent 6 years in Yahoo!s strategy and M&A team and working in the venture capial industry since the beginning of 2006. I've been privileged to be involved in investments in Top10, ROLI, TrademarkNow, Tictail, Lovecrafts, Thread, Spotify, YPlan, Hailo, Qype (sold to Yelp), Livebookings, Artfinder, Eyeem, BonusBox, Readmill (sold to Dropbox), HowDo, SumAll, Zopa and many more! Specialties: venture capital (VC), private equity, corporate development (corp dev), mergers & acquisitions, private equity, strategy development, operational improvement, financial management, corporate finance, financial planning, financial modelling, financial control, due diligence, competitive analysis, market analysis
New York, U.S.A. - U.K. - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Iceland,
Businesses Solutions
Principal at Index Ventures
Principal at Index Ventures
South San Francisco - San Francisco Bay Area - California, U.S.A. - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Iceland, Monaco
Media • Businesses Solutions • A.I. (& Big Data) • Web Security (& Privacy) • Future Of Work
Index Ventures
Most Interested In
Open Source
San Francisco Bay Area, Germany - U.S.A. - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Icela
Software (Web Marketplace Saas..) • FinTech (& Financials services) • A.I. (& Big Data) • Blockchain (& Cryptos)
Dr. Marek Olszewski is a Co-Founder of Celo. He is a Co-Founder and served as the Chief Technology Officer at Locu. Prior to Locu, Marek was a senior PhD candidate at MIT CSAIL. He is a Facebook Fellow and the recipient of the J. Edgar McAllister Fellowship. He has prior work experience at a number of technology companies including Google, Microsoft (Research) and Sun (Labs). He is also an angel investor.
San Francisco Bay Area, Israel - Global: U.S.A., Australia, Canada, Germany, U.K., Israel, France, Italy, Spain, Netherlands, Belgium, Switzerland, Denmark, Finland, Luxembourg, Malta, Iceland
Businesses Solutions • HealthTech (& Fitness) • Consumer
CEO/Founder of OurCrowd | Serial Entrepreneur | Venture Capitalist | Angel Investor
: Germany France Italy Spain Poland Romania Netherlands Belgium Czech Republic Greece Portugal Sweden Hungary Austria Switzerland Denmark Finland Slovakia Norway Ireland Luxembourg Malta Iceland Monaco, U.S.A.
Hardware (& Manufacturing) • IoT (& Wearables) • A.I. (& Big Data) • Blockchain (& Cryptos) • Cloud Services (& Infrastructure) • Developer tools • Material Science • DeepTech
Principal at Lunar Ventures - DeepTech VC Investor
San Francisco Bay Area, U.S.A. - Global: U.S.A., Australia, Canada, Germany, U.K., Israel, France, Italy, Spain, Netherlands, Belgium, Switzerland, Denmark, Finland, Luxembourg, Malta, Iceland
Software (Web Marketplace Saas..) • Blockchain (& Cryptos) • Woman Focused
Most Interested In
I love creating something from nothing. Health and Wellness Productivity
San Francisco Bay Area - California, U.S.A. - Global: U.S.A., Australia, Canada, Germany, U.K., Israel, France, Italy, Spain, Netherlands, Belgium, Switzerland, Denmark, Finland, Luxembourg, Malta, Iceland
Software (Web Marketplace Saas..) • BioTech • FinTech (& Financials services) • A.I. (& Big Data) • HealthTech (& Fitness) • Medical Devices (& Hospital Services) • Healthcare (& Wellness) • Woman Focused
CEO and Co-founder at Mercury
Co-founder and CEO of @heyzap and Co-founder of @clickpass. 2x @y-combinator Alum
Copenhagen - San Francisco California investing in founders with disruptive business models that can capitalize on current platforms as well as those founders that are building breakthrough technologies for emerging new pl, Denmark
Software (Web Marketplace Saas..) • BioTech • Businesses Solutions • HealthTech (& Fitness) • Medical Devices (& Hospital Services) • Aerospace (& Defense) • Healthcare (& Wellness) • Consumer
Partner at ACME Capital
Partner at ACME Capital
San Carlos California, U.S.A. - South Korea - Global: U.S.A., Australia, Canada, Germany, U.K., Israel, France, Italy, Spain, Netherlands, Belgium, Switzerland, Denmark, Finland, Luxembourg, Malta, Iceland
FinTech (& Financials services) • Retail (& E-Commerce) • Cosmetics (& Fashion) • Mobile Apps • Consumer
CEO at Atinum Investment
Mr. Lee was the Co-Founder of MyFitnessPal. He also serves as Advisor, Healthcare at Tau Ventures.
Seattle - Washington, U.S.A. - Global: U.S.A., Australia, Canada, Germany, U.K., Israel, France, Italy, Spain, Netherlands, Belgium, Switzerland, Denmark, Finland, Luxembourg, Malta, Iceland
Software (Web Marketplace Saas..) • BioTech • AgroTech • Energy • CleanTech • A.I. (& Big Data) • HealthTech (& Fitness) • Impact • Material Science • Robotics
Most Interested In
I'm most interested in companies building deep core technologies to solve complex challenges in human health and planetary resiliency. I'm particularly drawn towards data-driven companies, and I focus heavily on those innovating at the intersection of data science and life science. I'm intrigued by the possibilities of using robotics, automation, miniaturization, and new high-throughput techniques to rapidly generate novel and actionable insights for users.
Not Interested In
I generally do not invest companies that lack a clear and defensible core technology.