Copenhagen’s startup scene is flourishing like never earlier than. Regardless of document scorching temperatures, cool venture capital investments have been reaching document levels in any respect levels. Round sizes are on the rise – seed investment sizes doubled from $0.four million to $zero.8 million from 2017 to 2018, Collection A rounds tripled from $Three.5 to $10 million, and Collection B rounds rose from $9 million to $12 million. Copenhagen can also be probably the most lively Nordic startup ecosystem subsequent to Stockholm by number of offers, with a highly engaged group of enterprise angels. These constructive developments comply with on the success of Denmark’s unicorns – Zendesk, Unity, Sitecore, Tradeshift, and Trustpilot on the best way.
These glad Danes need more, and they’re shaking up the local startup scene like the wild vikings they’re. The eagerness to make a mark, particularly by the various impression startups akin to Too Good To Go and Freeme, is noticeable, yet the tradition is amiable and supportive somewhat than competitive, with a robust group that works together to tackle challenges.
“There have been some fascinating exits, and there’s a couple of probably huge corporations popping out of the scene. I feel it’s thrilling to see it evolve,” stated Mette Lykke, CEO of Too Good To Go, of the Copenhagen startup ecosystem.
Copenhagen’s prime startup hubs
WeWork’s very current enlargement to Copenhagen’s artistic and hip area of Vesterbro is designed to inspire Danes to create more startups. The office matches the town’s city planning focus, and you may look forward to finding art-filled areas, monthly group occasions like joyful hours and seminars, and all inclusive amenities, making this the perfect plug-and-work area.
BLOXHUB is the place the urban future is being created, right at the shores of Copenhagen’s harbor. Sharing the area with the Danish Architect Middle – a extra visionary spot in the city is tough to seek out, and is host to workshops, debates, talks and accelerator packages. The group, which includes 300 small and enormous startups, organizations and researchers, is grounded in the belief that our climate and urbanization challenges require a new method of collaboration.
Founders House is the area for probably the most diehard tech startups of the town, as well as being Denmark’s first tech coworking tribe. The startups in residence are rigorously chosen based mostly on their ambitions, know-how savviness and potential for scalability. The area additionally hosts for tech conferences, meetings, and lectures.
The Rabbit Hole was the winner of one of the best coworking area award in 2018 from 23 different co-working spaces. With its hygge-meets-work vibes, the pure mild, facilities and powerful group bond, this smaller co-working area is a protected place for entrepreneurs which are at first of their startup adventure.
Soho & Noho are the 2 hip sibling areas within the hottest part of city – the Meatpacking District. The two spaces supply open working areas, numerous sized workplace spaces, a dozen meeting rooms, reception providers, and a variety of professional amenities. And whenever you need to chill out and free your mind, you’ll be able to select between the rooftop, cafeteria, lounge space, or gaming room.
Five of the town’s up-and-coming startups
Kubo Robotic – You possibly can by no means start too early to accumulate information. Kubo Robotic introduces coding in an intuitive manner to kids as younger as 4. Coding is made as straightforward as a puzzle giving countless insights, ideas, and inspiration for the subsequent era of techstars. Founded in 2015, Kubo gained the 2016 Net Summit pitch competitors.
Labster – Rising from the pillar of the Danish society – schooling – Labster has created award-winning digital lab simulations. Labster makes million greenback labs out there with only one click on, that are used by instructional establishments across the globe, together with prime tier universities resembling MIT and UC Berkeley. In 2017, the edtech startup raised $10 million to scale internationally.
Grandhood – At a singular period in time during which there are extra aged individuals than younger on a worldwide scale, Grandhood has taken up the challenge of revolutionizing the pension business. Started in 2016, the corporate simplifies occupational pension plans, and its investment algorithm ensures that folks’s monetary needs are met once they reach retirement age.
Too Good To Go – Founded in 2015, TGTG has made probably the most vital influence in the direction of decreasing meals waste throughout the 12 nations through which the app is on the market. Via the app, 20 million meals are being saved this yr by connecting people with eating places and supermarkets earlier than they toss their food. We just interviewed this social impression startup’s CEO Mette Lykke about Too Good To Go, and her plans for future enlargement.
Pleo combines cost playing cards that can be simply assigned to staff, with software and cellular apps to routinely match receipts and monitor all firm spending in real-time, with detailed analytics. Pleo does away with expense studies, and automates bookkeeping duties as it integrates instantly with accounting software providers, saving corporations time and money. Scaling up, Pleo raised a $16 million Collection A round led by Kinnevik in March 2018.
A number of the city’s most lively VCs
Seed Capital is the most important and most lively venture fund in Denmark, investing in seed stage by way of to exit, making them one of the bravest funds. Based in 2005, Seed Capital has up to now made 174 investments, with portfolio corporations together with Trustpilot, Lunar Means, Vivino, Endomondo, Omio, and lots of more.
Blazar Capital invests in future international online leaders within the D2C e-commerce area, who’ve an ambition to disrupt the monopolized marketplaces. Based in 2017, its Copenhagen workplace has simply turn into carbon impartial, and present investments concentrate on retail in the areas of style, eyewear, and artwork.
Erhvervsinvest manages four funds focusing on Danish SMEs. In addition to the monetary help additionally they actively help their portfolio corporations with basic administration, monetary management, internationalization, advertising and HR.
Preseed Ventures is regarded Denmark’s largest most profitable innovation incubator and early stage investor. Owned by the Technical College of Denmark, since 2000 it has helped gifted and hungry entrepreneurs understand their goals, making over 400 investments.
The Danish Progress Fund – Vaekstfonden in Danish, this is the funding fund of the Danish state with a aim of enhancing entry to danger capital, generating progress, and creating new jobs. Partnering with monetary establishments, home and worldwide buyers, they’ve financed over 7,300 ventures from all sectors, from infancy to IPO.
Copenhagen’s most lively enterprise angels
Jesper Buch is among the most influential and lively Danish entrepreneurs. From founding and rising huge names like Just Eat and Miinto to a few of the most successful Danish startups, he has relentlessly continued building and serving to others build their ventures. Buch is a famous media character, as well as the primary pressure behind the startup boot camp Seedster.
Morten Lund is probably probably the most lively serial entrepreneur in Copenhagen, having based or co-invested in over 100 high-tech startups within the final 15 years. Morten can also be a very intriguing speaker, who experiences more in a month then most of us do in a lifetime, and who has a sharp eye on the longer term.
Alex Farcet cofounded Startupbootcamp – one of many world’s largest and most outstanding startup accelerators – virtually 10 years ago, and later based Rainmaking, a corporate innovation and enterprise improvement agency. With a strong background in each the corporate and startup world, Alex could be very skilled in recognizing and serving to new ventures.
Henrik Werdelin has been involved in a variety of successful startups and corporate incubations over the previous 15 years as a founder, investor or advisor; together with HotPotato, GoTryItOn, ReadMill (now DropBox), Betabox (incubated with Mondelez) and Dawn (acquired by Microsoft). He’s a frequent speaker at top-tier enterprise faculties and business boards.
Tommy Ahlers is a profitable entrepreneur and angel investor turned Minister of Science, Know-how, and Larger Schooling. Little by little, Tommy has actively been altering the tutorial system to organize the subsequent era of Danish entrepreneurs. His entrepreneurial expertise and keenness for the trigger makes him rather more than just a enterprise angel.
Necessary accelerators and incubators
Startupbootcamp originated in Copenhagen, and now is among the world’s prime accelerators with 20+ programmes and events in 100 cities across the globe in foodtech, IoT, fintech, sensible cities, sensible power, and more. Its tailored 3-month accelerator programmes are designed to help formidable early-stage corporations develop, and have accelerated 727 startups so far.
Rainmaking is a company innovation and venture improvement agency, specializing in creating, accelerating and scaling new ventures with the world’s leading firms and entrepreneurs. Originating in Copenhagen, it’s now lively in 10 places globally and has helped to build 600+ ventures since 2016.
Fintechlab is an incubator and accelerator absolutely targeted on fintech. They are engaged on making a Danish fintech ecosystem to the very best Nordic requirements. The programmes range from the early part until internationalization.
+impression acceleration is the results of an initiative between Danske Bank, Katapult and SingularityU to be able to contribute to the UN’s 17 Sustainable Improvement Objectives. Their mission is to help influence startups, and bridge the event gap by scaling their solutions.
Accelerance is situated on the campus of Copenhagen Enterprise Faculty. Founded a decade in the past, Accelerance is a pioneer in the accelerator area, and has accelerated 613 startups up to now, 63% of which have raised capital. Apart from acceleration packages, it additionally gives company matching.
The town’s most popular startup/tech events
Demo Day Copenhagen connects nationwide and international buyers with probably the most promising pre-seed and seed stage Danish tech startups. With over 150 buyers and a collection of pitch competitions, this can be a gateway to networking within the Danish startup scene over the course of in the future.
Nordic Startup Awards is a part of the International Startup Awards, which is the most important unbiased startup ecosystem competitors with a mission to seek out, acknowledge, and join the longer term shapers of the digital age from across the globe. This yr’s grand finale will take place on 5 December.
Copenhagen Fintech Week is the event for the brightest minds in fintech from everywhere in the world, supplying you with an opportunity to community among the 1000+ attendees, change information, and reshape the way forward for fintech.
TechBBQ developed from a easy BBQ amongst a couple of startup buddies in 2012 to a two day event with over 6,000 attendees and over 500 buyers. It’s the most important event of late summer time, and a must-go. Subsequent version: 18-19 September.
Techfestival takes over Copenhagen’s iconic Meatpacking district for 3 days in September. With its third yr arising, they’re diving deeper into the realms of technological progress as a way to discover solutions to a few of the most pressing questions dealing with humanity and our future. Next version: 5-7 September.