What more could you wish for a country where fairy tales, lego and the idea of a cool "hygge" mood come from? Now Denmark is also one of the most exciting startup scenes in Europe, home to more than 400 tech companies that do everything from analytics and big data to gaming, cloud, fintech and apps. In fact, Denmark reached 6 this year. Place of the Global Entrepreneurship Index 2018, surpassing its Nordic neighbors.
Startups and companies see the country as a haven for low corporate tax rates and high government transparency. But perhaps the rise of the founding scene is also due to the strong incentives the government offers entrepreneurs.
Like most small countries, it has benefited greatly from the growth of the start-up scene, but it is also similarly scared. Once these startups grow and become global, they will move into larger markets such as the US, UK or Germany. The government now wants to stimulate global start-ups to go public on the Danish Stock Exchange and provide them with various programs and financial resources.
The government believes the country's burgeoning startup scene will grow faster the more Danish success stories. And we already see the effects.
Selection of the hottest young scale-ups in Europe
Together with payment tech company Adyen, we have been looking for the most promising startups based on their performance, growth and potential. The top 5 from each country will join the Tech5 a community of the hottest young tech companies in Europe and Israel. This year's newcomers will then attend the exclusive Founders Day (8th May) and TNW Conference (9th -1
Today we highlight Denmark. We researched, consulted our advisory consortium of 100 investors, influencers, entrepreneurs and experts across Europe and selected the five hottest young Danish scale-ups.
Find out who Denmark's hottest young scale-ups are:
Peakon's employee engagement platform, founded in 2015, has so far raised more than $ 33 million. Deloitte estimated the value of the company at about $ 1 billion. What makes this company so interesting for investors?
Peakon is a platform for measuring and improving employee engagement by automatically capturing and analyzing employee feedback, then delivering the insights that businesses need to improve their business in real time. Currently, with a team of over 130 employees at six locations (Copenhagen, London New York, Berlin, Auckland and Barcelona), they plan to further expand their international reach.
Templafy solves what they call "documentary anarchy". Your platform helps branding, compliance, and IT teams in large organizations control and streamline how people create documents, presentations, and emails. This makes best-practice company content directly accessible at workplaces. Today, they are one of the fastest growing IT companies in Scandinavia and are already changing the way well-known companies work with document production. And when we talk about celebrity companies, we're talking about big global corporations, law firms and Big 4 service companies (many with more than 20,000 employees worldwide). In 2018 they collected over $ 32 million.
Fintech startup Pleo is a comprehensive out-of-the-box business spend solution. This allows companies to empower their employees to buy things for work while maintaining complete visibility into all of their business spendings. By combining smart payment cards for companies with breakthrough technology and smart and responsive software, Pleo reduces administrative complexity, eliminates cost reporting and simplifies accounting for more than 3,000 companies across Europe. In May 2018, an investment of $ 16 million was secured, which has been the largest round of Series A financing in Denmark over the last ten years.
It is no secret that one third of the food produced is waste. To put it in perspective, CO2 emissions from food waste are about the same as in a country that produces China as a land. Since 2015, Too Good To Go has been trying to solve the problem of excess food from restaurants, cafes, supermarkets, bakeries, etc., by creating a platform on which to easily find and buy surplus food. To date, they have partnered with over 15,000 stores, nearly 8 million people have won the app for using the app, and together they have saved more than 10 million meals.
I'm pretty confident I can say that when it comes to meetings The majority of them are inefficient, time-wasting, and more often than I'd like to admit, rarely lead to a clear action plan. FirstAgenda is here to fix it. With the power of AI, they have developed the world's first Meeting Optimization Platform (MOP). The platform helps prepare for the meeting, analyze and create actionable insights. Not only did they raise some $ 3 million in their first VC round of financing, they also added more than 60,000 users to the platform and opened a new office in Boston in 2018.
Is your startup looking for finance and new customers? Come to TNW 2019. The starter rates start at just 299 euros and bring with them a lot of advantages for you to grow.
By Jana Zane and Andrea Hak
This is part of a series in which you select the hottest young tech companies from across Europe. Every day we cover a new country. Look out for the hottest young technology companies Belgium France, Spain Portugal Italy Ireland, Norway, Denmark , Sweden, Estonia, Finland, Poland, United Kingdom, Israel, Germany, Austria, Switzerland, Hungary and a combination of other European countries.
This post is presented to you by Tech5.