Top News

1. Novo Holdings, the parent company of Europe’s most valuable company Novo Nordisk, has committed €188 billion to invest in quantum startups in Denmark. (link)
2. According to byFounders’ Q1 2024 report on early-stage investments in the New Nordics, capital invested has increased by 58% YoY in Q1 2024. (link)
3. The CPH Townhall featured discussions about how the tech ecosystem is responding to geopolitical changes. Talks were given by Casper Rasmussen and Stine Mølgaard Sørensen**,** Danish Tech Ambassador Anne Marie Engtoft Meldgaard, Tradeshift’s Mikkel Hippe, and Professor Rebecca Adler-Nissen. (link)
4. Proemial, a startup with high-profile backing, is set to challenge tech giants in the AI industry, gearing up for significant expansion. Read more on this in Børsen. (link)
5. INTENTIONAL showcased its 2024 Diversity Report, revealing a positive trend of increased venture capital for women-led startups, albeit persistent challenges in achieving gender diversity at management and board levels. (link)
6. Thomas Krogh Jensen, CEO of Copenhagen Fintech, highlights the Danish fintech sector’s adaptability to market changes and the adoption of new technologies like AI and blockchain. (link)
7. Mashup is around the corner and connects 300 entrepreneurs and investors for their invite-only event in Malmö. (link)
8. DTU allocates 60 million DKK for climate Tech Innovations via the new DTU Earthbound, utilizing profits from PreSeed Ventures. (link)
9. Aarhus Townhall is back. This time the theme is “How Not to Die” with speakers including Maria Flyvbjerg Bo, Mads Rydahl, Ditte Højland and Michael Talufa. (link)
10. The Danish Impact Committee will be launched during a gathering of various stakeholders within the impact community. (link)

Latest on Funding

💼 The Footprint Firm closed its first fund of €50.2 million, from investors  North-East Family Office, Realdania, EIFO, Chr. Augustinus Fabrikker and S.Rishøj Holding. (link)

💳 Pleo, the fintech unicorn, raised €40 million in debt financing from HSBC Bank. (Link)

😄 Waitly, a platform to help with waitlists for housing, raised 6.3 million DKK from angel investors such as Leif Steffen, Karsten Hjarsø, Frederik Uldall Brøns, Johan Pedersson Hay Uggla, Anja Monrad and Michael Lindal Overgaard. (Link)

🐲 Lunar, a leading financial platform, raised €24.1 million from new investors. (link)

🚀 Snipr Biome raised €5.48 million to advance its CRISPR technology from new investors. (link)

🌱 Rodinia Generation raised €3 million from EIFO and Climentum Capital, enhancing sustainable energy solutions. (link)

📜 Formalize, a legal tech startup, secured €15 million in a Series A round led by BlackFin. (link)

🏠 Flatpay raised €45 million in a Series B funding round led by Dawn Capital, with participation from Seed Capital and other existing investors. (link)

⚡️ Electricity Maps, a danish climate tech startup that calculates the carbon intensity of electricity consumption, raised €5 million led by climate funds Transitions and Revent. (link)

👨‍⚖️ Juristic received 6 million DKK to bring AI closer to lawyers and advisors from Ugly Duckling Ventures, Jonatan Hjortdal and Jens Bang Liebst. (link)

🧪 Eupry, a tech startup, raised 22 million DKK from EIFO to boost its global expansion. (link)

🚀 Ageras, aiming for a future IPO, received a significant undisclosed investment from new investors. (link)

Latest on Talent

🌏 Find job postings on The Hub that are not only located in the Nordics. Nordic companies can post Europe-wide. (link)

💳 Søren Westh Lonning is the new CFO at Pleo. (link)

🚀 Jeppe Schytte-Hansen joins the Dreamcraft Ventures team as a Venture Partner. (link)