Copenhagen is one of the most active startup ecosystems in the Nordics next to Stockholm. The flourishing startup scene in the city has witnessed a number of deals aimed at the development of these startups. The capital of Denmark is home to an array of cutting-edge tech companies. The entrepreneurs and companies in the city are motivated with the emergence of communities including Copenhagen For The Win (#CPHFTW). It is an effort to make Denmark a startup hub.
Having said that Copenhagen is one of the budding tech startup ecosystem in Europe, we have listed a slew of fastest-growing Copenhagen startups that deserve your attention in 2019 as sourced from Dealroom.
Trustpilot
Founders: Peter H. Mühlmann
Funding: €162m
Valuation: $220 million – $330 million
Founded year: 2007
Why its hot: Trustpilot is a leading independent review platform that is free and open to all consumers and companies. The potential unicorn lets companies collect consumer reviews helping them grow and display the brand trust. Also, it delivers measurable business results by converting casual browsers into buyers. Trustpilot is one of the most visited websites across the world. Since its debut, it as becomes a freemium SaaS business model.
Pleo
Founders: Jeppe Rindom, Niccolo Perra
Funding: €68.7 million
Valuation: €450 million
Founded year: 2015
Why its hot: Copenhagen-based fintech company Pleo offers smart payment cards for employees so that they can buy things that they need for work without losing the control of spending. The company wants to revolutionise business spending by minimising administrative complexity, simplifying bookkeeping and eliminating expense reports. Pleo provides smart company cards paired mobile apps and software to match receipts automatically and track the company spending with detailed analytics in real-time.
Peakon
Founders: Christian Holm, Dan Rogers, Kasper Hulthin, Phillip Chambers
Funding: €66.8 million
Valuation: SEK1.3 billion – SEK2.0 billion
Founded year: 2014
Why its hot: Peakon is a platform for businesses to measure and improve employee engagement. The company offers services that let employers gather real-time feedback from their employees. It is touted that it is data-driven but it is not a survey company. It was initially launched a people analytics service but it gradually became a complete SaaS with focus on employee retention.
Templafy
Founders: Christian Lund, Henrik Printzlau
Funding: €32.9 million
Valuation: $60 million – $90 million
Founded year: 2014
Why its hot: Templafy is the world’s first cloud-based template management system. This startup simplifies management of documents and enterprise templates. Templafy helps employees in creating documents that are legally compliant and personalised. The advantage of choosing this solution is that it is fast to use and inexpensive as it runs on the cloud.
Labster
Founders: Mads Tvillinggaard Bonde, Michael Bodekaer
Funding: €31.8 million
Valuation: $84 million – $126 million
Founded year: 2011
Why its hot: Labster is an edtech startup that has created award-winning virtual la simulations. This Danish startup makes million-dollar labs in a single click and these labs are used by education institutions across the world including UC Berkeley and MIT. The ultimate aim of this company is to engage and stimulate students’ natural curiosity. As of now, the company is focused on scaling up internationally.
Falcon.io
Founders: Morten Søderquist Li, Ulrik Bo Larsen
Funding: €30.6 million
Valuation: $80 million
Founded year: 2010
Why its hot: Falcon.io is designed to make social media marketing easy for brands through publishing, listening, engagement, advertising and measurement. Falcon.io provides an integrated SaaS platform for digital marketing. Earlier this year, the company was acquired by Cision, a Chicago-based public relations and media software company. This company has offices across various cities including New York, Melbourne, Copenhagen, Budapest, Berlin and Sofia.
Area9
Founders: Khurram Jamil, Ulrik Juul Christensen
Funding: €27.3 million
Valuation: $120 million – $180 million
Founded year: 2006
Why its hot: Area9 is a leader in adaptive learning systems. It is a group of companies operating across industries including computer science, content development, learning, product development, etc. The company’s clientele includes large international companies such as Hitachi, Coloplast, Topshop and Data Systems.
Omada
Founders: Morten Sigurdsson
Funding: €19.3 million
Valuation: £64 million – £96 million
Founded year: 2000
Why its hot: Omada is a leading provider of IT security solutions and services for identity management and access governance. The company enables organisations to achieve sustainable compliance, maximise automation and reduce risk exposure. Omada’s solutions manage and control users’ access rights to data and application efficiently. This reduces IT costs and administrative processes that are resource intense.
Too Good To Go
Founders: Chris Wilson, Jamie Crummie, Klaus B. Pedersen
Funding: €10.3 million
Valuation: €24 million – €36 million
Founded year: 2016
Why its hot: Too Good To Go is a leading app in Europe that fights food waste. The free app connects customers to supermarkets, restaurants, bakeries, etc. with a surplus, unsold food. The company aims to minimise pollution caused due to food waste. In May this year at the TNW Conference 2019, Too Good To Go was recognised as Europe’s hottest company at the Tech65 Awards.
Podimo
Founders: Morten Strunge, Nikolaj Koppel, Andreas Sachse, Sverre Dueholm
Funding: €6 million
Valuation: €24 million – €36 million
Founded year: 2019
Why its hot: Podimo is a podcast startup operating with the mission to become the ‘Netflix for podcasts’ in Europe. The Podimo app is designed to provide a superior experience in exploring and recommending podcasts than the current streaming services. Podimo makes it easy and seamless to find podcasts. It is a freemium model of the app provides unlimited features and listening options.
Stay tuned to Silicon Canals for more updates in the tech startup world.
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EIT Digital Conference 2019: These 5 innovative tech startups are coming to Brussels in September
