Denmark startup funding
European tech funding profile
873 startups in Denmark have closed 1,127 funding rounds and raised €8.4B in equity funding (excluding debt and grants) and recorded 198 exits. Debt rounds added €696M. Software is the most active sector, and SEED Capital is the most active investor. Data as of 4 Nov 2026.
#14 in Europe by equity raised — 1.4% of all European startup equity funding.
Equity funding
€8.4B
excl. debt & grants · +€696M debt
Funding rounds
1,127
Companies
873
Named investors
1,126
Exits
198
Funding over time
2010–2026 · 2026 YTD — equity € raised vs roundsDenmark — funding over time — interactive chart.
Data table
| Equity | Rounds | |
|---|---|---|
| 2010 | €21M | 10 |
| 2011 | €126M | 16 |
| 2012 | €61M | 27 |
| 2013 | €90M | 32 |
| 2014 | €114M | 34 |
| 2015 | €250M | 65 |
| 2016 | €131M | 108 |
| 2017 | €184M | 100 |
| 2018 | €378M | 90 |
| 2019 | €457M | 77 |
| 2020 | €387M | 50 |
| 2021 | €2.1B | 93 |
| 2022 | €875M | 76 |
| 2023 | €925M | 82 |
| 2024 | €729M | 91 |
| 2025 | €858M | 76 |
| 2026 | €550M | 80 |
AI analysis mentioning Denmark
AI-generated · figures verified · not investment adviceTop sectors
by deal countDenmark — top sectors — interactive chart.
Data table
| Denmark — top sectors | |
|---|---|
| Software | 297 |
| Healthtech | 165 |
| Fintech | 143 |
| Marketing | 71 |
| Media | 63 |
| E-commerce | 52 |
| Travel | 45 |
| Transportation | 44 |
| Consumer | 40 |
| Foodtech | 40 |
Stage mix
by € raisedDenmark — stage mix — interactive chart.
Data table
| Denmark — stage mix | |
|---|---|
| Other | €3.4B |
| Series B | €1.4B |
| Series A | €1.4B |
| Debt | €696M |
| Series C | €629M |
| Series D+ | €576M |
| Seed | €402M |
| Growth/Late | €272M |
| Early VC | €144M |
| Pre-Seed | €94M |
| Grant | €59M |
| Crowdfunding | €3.0M |
Top deals
largest disclosed rounds| Company | Stage | Date | Amount |
|---|---|---|---|
| Moneyflow | Debt | Sep 2022 | €250M |
| Lunar | Other | Jul 2021 | €195M |
| Pleo | Other | Dec 2021 | €177M |
| Better Collective | Other | May 2021 | €148M |
| Flatpay | Other | Nov 2025 | €147M |
| Polytech | Other | Jan 2023 | €136M |
| Vivino | Series D+ | Feb 2021 | €129M |
| IO Biotech | Series B | Jan 2021 | €127M |
| Pleo | Series C | Jul 2021 | €127M |
| Hemab Therapeutics | Series B | Feb 2023 | €127M |
Top investors
named, by deal count| SEED Capital | 79 |
| EIFO | 42 |
| Novo Holdings | 24 |
| Vækstfonden | 22 |
| Sunstone Capital | 21 |
| Export and Investment Fund of Denmark (EIFO) | 20 |
| PreSeed Ventures | 20 |
| Creandum | 18 |
| Danish Growth Fund | 16 |
| Seed Capital | 16 |
Top cities
by € raised| Copenhagen | €6.6B | 767 | |
| Aarhus | €402M | 61 | |
| Hellerup | €309M | 12 | |
| Ballerup | €283M | 12 | |
| Herlev | €213M | 5 | |
| Bramming | €136M | 1 | |
| Odense | €132M | 29 | |
| Kongens Lyngby | €102M | 13 |