Foreign investors on buying spree for Danish start-ups

Billions of kroner have already been invested in Danish-based start-ups in 2018, according to a new study. And more investments will follow, one international venture fund predicts.

Copenhagen-based Plandayannounced last week that the it managed to raise new capital of DKK 250 million. | Photo: PR/Planday

Last week, Copenhagen-based IT company Planday announced it managed to raise DKK 250 million (EUR 33.5 million) in a new funding round, news service Berlingske reports.

Alongside the DVCA — a trade association for venture funds, capital funds and business angels -- Berlingske reviewed the 25 largest investments, and found that more than DKK 2 billion have been invested in Danish start-ups, with foreign companies in particular having woken up to the potential of the Nordic country’s young companies.

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