Innovation Fund Denmark

Innovation Fund Denmark invests in the development of new knowledge and technology creating growth and employment in Denmark. The Fund focuses on societal challenges, strengthens research, and increases innovation commitment within private companies. The Fund provides risk capital that enables cutting-edge initiatives to achieve results substantially impacting the Danish society. Innovation Fund Denmark is also responsible for the future societal partnerships, where companies, universities, and public authorities will work together on challenges facing the society today.

Tore Duvold

Interim CEO

Hanne Harmsen

VP of Talents and InnoBooster

Pernille Rype

VP of Communications and External Relations

Past deals in Scandinavia

Heyhack

Pre Seed Round in 2022
Heyhack is an automated penetration testing platform that scans web apps and APIs for web vulnerabilities and helps in fixing them.

Leagues

Grant in 2022
We are the biggest danish LoL esport platform and tournament organiser. We host the Telia Esport Series and many other big tournaments in LoL in the nordic region. We have this released a new esports platform at leagues.gg which will be the home to all danish and hopefully nordic semi-pro league of legends. Where players can check stats, compare them to each other and find new friends.

Hololink

Pre Seed Round in 2021
Hololink is an augmented reality startup that creates and distributes interactive web-based AR experiences, accessible through the built-in browser of any device.

Kople

Grant in 2021
Workflow and CRM for human-centered projects

Cerebriu

Grant in 2021
Cerebriu is a health tech company developing machine learning in medical imaging that improves workflow efficiency and quality in radiology. Its software solution Cerebriu Apollo achieves the company's aim by automating image acquisition protocols and triage during MRI brain acquisition providing decision support at key stages of the diagnostic process. The company covers findings of the brain, starting with brain MRI, including stroke, bleeds, and tumors, following MS, dementia, and TBI in brain CT.

Paragit

Grant in 2021
Paragit Solutions is focused on improving the assessment of motor symptoms related to Parkinson's disease and enhancing the evaluation of new therapies. The company has developed a healthcare tracking device that employs artificial intelligence to monitor and quantify these symptoms. This device consists of a sleeve that records daily routine data, which is then stored in cloud storage. By enabling neurologists to access this data, Paragit facilitates more accurate treatment decisions for patients suffering from Parkinson's disease. This innovative approach aims to transform how patients are medicated and how their conditions are managed.

BeCause

Grant in 2020
PROBLEM: Brand sustainability is now a decisive criterion for 65% of consumers, employees & investors, worldwide. Nonetheless, info on companies' sustainability is still so hard to find/showcase, compare/differentiate and trust/prove let alone engage with - that at least 39% of sustainable consumers give up without a sustainable company match - to everyone's loss. SOLUTION: ‘hoodHeroes is a sustainable market hub that is making sustainability everybody's everyday business. We exist because it’s truly a new dawn today with unignorable demand, supply (& need) for sustainability. By now, the market opportunity is simply so great that it speaks for itself. Therefore, it is quite a problem that the market still is disconnected, since 39% of all people whom look for the right sustainable brand to support ultimately give up, due to a lack of awareness, trust and confusion. But what if the sustainability of companies was profiled, rated, and validated - all in one place – powered by gamified crowdsourcing? That kind of solution would generate the awareness, differentiation and trust needed to connect sustainable demand and supply in the hectic everyday market. Simply imagine an “IMDB for company sustainability”, that allows citizens to 1) look-up, 2) compare and 3) review the sustainability of any brand in the market (together with expert sources), while companies conversely can 1) Showcase their sustainability altogether, on the ‘hoodHeroes platform, their own website and marketplaces, 2) Collaborate with the ecosystem to prove and approve their sustainability and 3) Learn how to build resonating brand love via big data analytics. COMPETITIVE LANDSCAPE: When it comes to competition, there are undoubtedly a bunch of actors to keep an eye on, yet these are focused on either 1) a niche, 2) B2B-only or (at least not yet) sustainability, and all are less available* and involving** brand sustainability hubs than ‘hoodHeroes. The underlying magic at work here is our gamified crowdsourcing that, not only offers a very scalable content-creation system (profiling, rating & validating company sustainability), but also a uniquely meaningful (and potentially even patentable) rating system that triangulates the value-driven perspective of citizens with the fact-driven perspective of experts. *Availability: width, depth, comparability & presence of info) & **Involvement: impactability, credibility & incentivization of interaction with the sustainability of brands)

Abzu

Grant in 2020
Abzu ApS develops platform for artificial general intelligence (AGI). It applies research to develop products in the form of targeted solutions as well as a general purpose platform. Abzu ApS was founded in 2018 and is based in Lyngby, Denmark with additional offices in Barcelona, Spain; and Falkenstein, Germany.

CXweb

Grant in 2020
CXweb is dedicated to enhancing the sustainability of buildings by minimizing energy consumption and material waste, while also improving the quality of living and working environments. The company provides a construction management software platform that empowers building owners with comprehensive insights into their properties. This interdisciplinary process management tool facilitates data-driven construction and operational practices, thereby enabling users to optimize resource use and make informed decisions. CXweb’s software is versatile, applicable to a wide range of projects from residential buildings to advanced healthcare facilities. By prioritizing data quality and integration, CXweb supports its clients in navigating the complexities of modern construction, aiming to democratize access to big data in the building sector. The company's commitment to diversity is reflected in its collaborative approach with employees, customers, and partners, fostering a culture of innovation and inclusivity.

Cerebriu

Grant in 2020
Cerebriu is a health tech company developing machine learning in medical imaging that improves workflow efficiency and quality in radiology. Its software solution Cerebriu Apollo achieves the company's aim by automating image acquisition protocols and triage during MRI brain acquisition providing decision support at key stages of the diagnostic process. The company covers findings of the brain, starting with brain MRI, including stroke, bleeds, and tumors, following MS, dementia, and TBI in brain CT.

Africa Reframed

Seed Round in 2020
Africa Reframed enables customers to source authentic and fully released visual content produced by African contributors. The quality level is of international, high and consistent level since contributors have been trained and groomed through our online learning platform. We are looking for partners/investors sharing our vision of Africa Reframed as a value-driven, profitable business which strives to alter the global community’s perception of the African continent while also building sustainable job opportunities for photographers across Africa.

Scandion Oncology

Grant in 2020
Scandion Oncology develops drugs that specifically target chemotherapy resistance mechanisms. Improving the outcome and quality of life for cancer patients is their mission. Drug resistance is one of the most significant challenges for successful medical treatment in oncology. Right now, half of all cancer patients fail chemotherapy. Although many cancer patients initially benefit from chemotherapy, a large proportion develop resistance against chemotherapy drugs. Few of these patients survive.

Dianox

Grant in 2020
A biotechnology platform for non-invasive diagnostics of infectious diseases. Shaping global health by improving access to early screening tests.

Workee

Grant in 2019
Workee ApS is a Copenhagen-based company that specializes in human resource technology, focusing on the recruitment and onboarding of non-desk employees, such as waiters, chefs, sales assistants, receptionists, and bartenders. Founded in 2017, Workee has developed a mobile-first platform that allows companies to efficiently post job openings, select candidates from applicants, and conduct real-time interviews. The platform comprises two main products: Workee, which is recognized as the leading blue-collar job application in Denmark, and Wisp, a mobile intranet app builder. Through these offerings, Workee aims to streamline the hiring process for businesses seeking to engage non-desk workforce.

AdaptVac

Grant in 2019
AdaptVac is a joint venture formed by ExpreS2ion Biotech and the University of Copenhagen spin-out NextGen Vaccines, focused on developing competitive vaccines and therapeutics targeting infectious diseases, cancer, and immunological disorders. The company employs advanced technology that utilizes a split-protein conjugation system to create stable isopeptide-bound antigen-virus-like particle (VLP) complexes. This innovative approach allows for the efficient development of both therapeutic and prophylactic vaccines, addressing significant medical needs in oncology and infectious diseases. Through its specialized platform, AdaptVac aims to contribute to the advancement of vaccine and therapeutic solutions in the healthcare sector.

Cerebriu

Grant in 2019
Cerebriu is a health tech company developing machine learning in medical imaging that improves workflow efficiency and quality in radiology. Its software solution Cerebriu Apollo achieves the company's aim by automating image acquisition protocols and triage during MRI brain acquisition providing decision support at key stages of the diagnostic process. The company covers findings of the brain, starting with brain MRI, including stroke, bleeds, and tumors, following MS, dementia, and TBI in brain CT.

Make Influence

Grant in 2019
Influencer marketing made fair. Price and performance tied together. In an opaque industry based on upfront payments we’ve decided to side with honesty instead. We’ve developed a platform where price and performance is tied to each other to ensure transparency on both sides of the equation. Influence made to measure. You only pay for performance. Make Influence is everything you need to increase your influence. All in one place. We’ve gathered everything you need to increase your influence in one frictionless experience. Carry out the complete process directly on the platform. From the initial identification of the ideal influencers, setting up the tactical targets, tracking the performance and automatically taking care of the payment. A platform built for business. Less overhead, better overview.

Pere

Grant in 2019
Pere ApS is a Copenhagen-based software company that has developed an innovative referral marketing platform designed to connect hotels, receptionists, AirBnB hosts, travel guides, and local suppliers such as restaurants and transportation companies. The platform facilitates personal recommendations, allowing users to earn rewards from suppliers for directing customers to their services. This unique approach not only enhances customer loyalty but also provides suppliers with a cost-effective means to attract new clients through trusted recommendations. By bridging the gap between service providers and those who can promote their offerings, Pere aims to transform the way local businesses engage with potential customers.

LuggageHero

Venture Round in 2019
LuggageHero provides convenient left luggage services for travelers, allowing them to store their bags at various local shops instead of carrying them around or searching for storage lockers. The company operates a growing network of luggage storage locations in major cities such as New York, London, and Copenhagen, enhancing the travel experience by offering a simple solution for managing luggage. By partnering with local businesses, LuggageHero aims to lighten the load for travelers and make their journeys more enjoyable.

Omnio

Seed Round in 2018
Omnio is middleware that makes it fast and easy to onboard industrial devices to IoT solutions. With Omnio you can forget about manual integration of protocols and device data models - devices will simply plug&play. This means you can both save cost and speed up the roll out of your IoT projects.

21RISK

Grant in 2018
We are a SaaS based Risk Management system, that provides enhanced overview and dynamic risk tracking for production facilities. Our vision is to bring fact-based decision making into the Risk Management process through our cloud based SaaS system. 21RISK brings a data driven approach to the field of Risk Management, enabling your company to go from feelings to facts when assessing your risk portfolio. The only sustainable way to reduce costs related to risk and claims, is to perform risk reducing tasks in a structured way. Our Task Manager allows this to happen in real-time, giving all stakeholders an always updated overview of the risk portfolio. Our management app is built on the base of an AI network that helps the user to file and review risk more efficiently. This provides you with daily updates about your risk portfolio, so you can feel safe and in charge of managing your risks.

Saniona

Grant in 2018
Saniona is a research and development company with low burn rate, a world class team and high ambitions.

Peliba

Grant in 2018
Peliba is a regulatory technology company helping clients demonstrate compliance, minimize risk and build trust. We do that by offering a compliance management solution where deep legal expertise and powerful technology help companies build robust compliance processes around new regulations such as the GDPR and ePrivacy Regulation. Built for collaboration, Peliba enables the entire organization to rapidly redesign and streamline existing processes ensuring a dynamic and ongoing compliance documentation.

Hafnium Labs

Grant in 2018
Hafnium Labs supports chemicals, energy, and pharma companies by solving one of the biggest challenges in chemistry: Obtaining reliable physical properties fast. From drugs that save our lives, to crop and energy technologies that will save our tomorrow, advances in chemistry change the world. By supporting researchers and engineers working with chemistry we help create a brighter future. We have developed a breakthrough system for combining state-of-the-art predictive methods, such as quantum chemistry and AI, with experimental physical property data. By intelligently and transparently using all available information, we provide the most accurate physical property predictions and quantify the uncertainty, so you know how reliable each prediction is.​ Our Q-props™ tools support decision making from molecular discovery to process optimization. ​Check out our website and reach out to learn more about how to use Q-props™ in your company.

Tame

Grant in 2018
ABOUT With Tame you can fully customise your virtual events, and make them fun, engaging & exciting to attend. - Apply your branding: Customise your virtual event completely - Personalised Welcome: Personal welcome message when attendees enter - Multiple stages: Broadcast content across multiple stages. - Live streaming: Stream live via any broadcasting software - Pre-recorded videos: Broadcast pre-recorded videos as if it was live - Breakout sessions: Enable public or private breakout sessions. - Virtual Sponsor booths: Allow attendees to engage with sponsors live. - Customise Chat: Allow for 1:1 chat, group chat or session chat. - 1:1 Video Meetings: Empower social networking virtually. OUR COMPANY We are an experience-centric company, and we believe in the power of great experiences. Our international group of dreamers, creators and rule-breakers passionate about merging design and technology together, enables us to transform that into one truly amazing event platform. OUR PEOPLE The team behind Tame has an aggregated decades long experience of creating events and building products that solve real problems for real people. So, what got us here? Our ambition to change a broken event industry through innovation, customer obsession and a relentless focus on the great experience.

Meo

Grant in 2017
NewBanking ApS owns and operates an user identity platform. It provides a platform that allows end-users to verify their identity easily and securely across businesses while having control and ownership of their own data and identity online. The company was founded in 2015 and is based in Copenhagen, Denmark.

Forecast

Grant in 2017
Forecast ApS is a software development company based in Copenhagen, Denmark, established in 2016. It specializes in creating a comprehensive business platform tailored for professional service organizations. This platform integrates project and resource management, team collaboration, financial management, time tracking, and business intelligence, all powered by artificial intelligence. Forecast's solution is designed to facilitate the planning, budgeting, and execution of projects while enhancing visibility and optimization. By streamlining workflows and reducing administrative burdens, the platform allows users to focus on innovation and continuous improvement. The company's approach emphasizes a shift from traditional project-centered models to client-focused strategies, ultimately aiming to deliver superior results for businesses.

GameScorekeeper

Grant in 2017
GameScorekeeper provides high-quality esports data and livescore solutions to betting and media companies.

Comeat

Grant in 2017
Comeat is a community platform that connects expatriates and locals through the experience of home-cooked meals. By facilitating dinner gatherings in private homes, the platform enables individuals to enjoy authentic dining experiences while meeting new people from diverse backgrounds. Currently, Comeat organizes weekly dinners in Copenhagen and Milan, with plans to expand to cities worldwide. The service appeals to young professionals, including expatriates, locals, international students, and travelers, offering them an opportunity to explore new cuisines and cultures at an accessible price. Users can easily book their dining experiences through the company's online platform.

Collabo.io

Grant in 2017
Collabo is a visual collaboration platform for apparel and lifestyle companies. It is an intuitive and user-friendly Product Lifecycle Management for an entire organization.

OBI+

Venture Round in 2016
At OBI+, we provide innovative services for connected vehicles and fleets. We have built an easy-to-install hardware and the cloud platform to bring everything together. The cloud platform provides a secure gateway to interact with a vehicle through the use of intelligent services that integrate to mobile and web applications. Modular. Secure. Scalable. OBI+’s capabilities will continue to expand as we add new partners, extend the platform, and introduce more hardware devices ready to be connected to the platform.

BioModics

Venture Round in 2016
Biomodics is an innovative Danish company focusing on bringing to market medical devices that can prevent hospital acquired infections. Biomodics started as a spinout from the large Danish technological company NKT in 2009. Located at the Danish Technology Institute near Copenhagen, Denmark, the company has built up a strong patent portfolio of new technologies with great promise in the development of new biofilm-resistant medical devices able to prevent the all too frequent hospital acquired infections. Another focus area for the company is the development of innovative drug delivery solutions. Biomodics also specialises in processes using supercritical CO2 such as purification, extraction, and sterilization.

Minervax

Grant in 2016
Minervax is pursuing the development of a vaccine against Group B streptococcus (GBS) infections by utilizing a particular fusion protein, which has proved to elicit good protective immunity. A vaccine including this fusion protein will likely elicit protective immunity against many clinically relevant GBS strains.

GameScorekeeper

Grant in 2016
GameScorekeeper provides high-quality esports data and livescore solutions to betting and media companies.

Saniona

Grant in 2016
Saniona is a research and development company with low burn rate, a world class team and high ambitions.

Labster

Venture Round in 2016
Labster ApS designs and develops interactive advanced lab simulations based on mathematical algorithms that support open-ended investigations for colleges, universities, and higher education. The company develops an interactive platform, where students engage with life science, biology, and biotechnology experiments. The product has been designed with 3D animations and includes educational science background information. The virtual lab simulations enables the students to work with virtual and realistic lab experiments. Labster ApS was founded in 2012 and is based in Copenhagen, Denmark with additional locations in Boston, Massachusetts; Zurich, Switzerland; and Sanur, Bali.

Tradeworks.io

Angel Round in 2016
Tradeworks is a SaaS-company founded by experienced entrepreneurs from the financial industry with a shared ambition of improving online financial trading through intuitive automation technology. The company mission is to design, build and operate innovative and independent trading technology that empowers individual traders of financial securities to optimize their trading results. Driven by the company's core values of honesty, reliability, integrity and innovation, Tradeworks aims to narrow the technological gap between the individual trader and global financial institutions.

Airtame

Seed Round in 2016
AIRTAME ApS develops a wireless HDMI dongle to display computer screen on TVs, projectors, and monitors. Its wireless HDMI dongle enables users to send slides, documents, pictures, and videos to TVs, projectors, and monitors; and controls the experience from computers, smartphones, or tablet devices. The company enables customers to order its product online. AIRTAME ApS was incorporated in 2013 and is based in Copenhagen, Denmark.

Collabo.io

Grant in 2016
Collabo is a visual collaboration platform for apparel and lifestyle companies. It is an intuitive and user-friendly Product Lifecycle Management for an entire organization.

Monsenso

Grant in 2016
Monsenso A/S is a technology company based in Copenhagen, Denmark, specializing in cloud-based solutions for the treatment of mental disorders. It offers a mobile health (mHealth) platform that includes a smartphone app for individuals, which aids in self-assessment, data collection, medication compliance, and cognitive behavioral therapy. The platform also features a web portal for clinicians, providing tools for patient management, data analytics, and correlation analysis of health and behavioral data. Additionally, a dedicated app for caregivers allows for a comprehensive overview and assessments of individuals' mental health. Monsenso's solutions are designed to enhance treatment efficacy and support decentralized trials and remote patient monitoring, serving individuals, clinicians, and researchers in the mental health landscape.

UnitPal

Grant in 2016
UnitPal ApS, founded in 2015 and based in Copenhagen, Denmark, specializes in hotel property and revenue management solutions designed to simplify the complexities of hotel operations. The company offers a user-friendly platform that caters to various accommodation types, accommodating both small establishments and larger hotels. With no installations required, users can easily create and manage beds, rooms, prices, and packages, enabling seamless reservations, confirmations, guest check-ins, and invoicing. UnitPal effectively organizes hotel activities and provides real-time management oversight, allowing operators to access data from anywhere. The platform tracks and displays historical and current information, aiding decision-making to optimize pricing and product offerings for the right customers at the right time.

Supervisual

Seed Round in 2015
Our intuitive platform connects brands with a global community of creators and instantly facilitates creative collaboration with the purpose of generating unique, high quality content.

CathVision

Seed Round in 2015
CathVision ApS develops low-noise electrophysiology (EP) recording system to guide medical professionals to the right spot for cardiac ablation. The company's recording system, CathVision Cube, interfaces with all existing diagnostic catheters, mapping catheters, and ablation catheters. The company also develops software which allows real-time streaming and multiple review windows for analyses, at a remote work station and on monitors of physician. CathVision ApS was founded in 2010 and is based in Copenhagen, Denmark.

Amminex

Grant in 2015
Amminex is a Clean Tech company established by a group of five Danish scientists from the Technical University of Denmark. The company specializes in the development of Ammonia Storage and Delivery Storage (ASDS) systems, focusing on advancing these technologies for series production. Additionally, Amminex is engaged in creating the processes required for the large-scale production of its innovative product, AdAmmine.

getQueried

Grant in 2015
The global majority is silent, disenfranchised, and with no say in matters important to their lives. To improve living conditions globally, we need to know about each other’s aspirations, attitudes and living conditions. WHAT is the first integrated global and social opinion platform that is fun and easy to use for everyone. On WHAT, users ask and answer questions anonymously. Individuals post their personal dilemmas, and organizations and businesses post quick polls to collect answers and make better policy- or service decisions. Want to know the best bar nearby? Ask the men in the vicinity, which one they prefer. WHAT is free to use, so try it out and tell us what you think, or write us to say hello. Do you want to make better business decisions? Go to what.qa and ask your business questions to your target group on the WHAT community. Collect the data and make better decisions. It's that simple.

ERNIT

Grant in 2015
ERNIT is a mobile application platform that provides a digital piggy bank for kids. Its platform enables modern parents to teach their children how to spend, save, and give their money. ERNIT is driven by its mission is to give children the confidence to deal with real money into the digital world. The company was founded in January 2013, and headquartered in Copenhagen, Denmark.

The Eye Tribe

Grant in 2012
The Eye Tribe ApS, founded in 2011 and based in Copenhagen, Denmark, specializes in developing software that enables eye control for mobile devices and computers. The company, originally known as Senseye, changed its name in June 2012 and became a subsidiary of Oculus VR, LLC in December 2016. The Eye Tribe's technology allows for hands-free interaction, eye-activated logins, and improved gaming experiences using infrared technology for precise tracking. Unlike traditional infrared eye tracking systems, which can be costly and proprietary, The Eye Tribe's software is designed to work with low-cost hardware components, making it suitable for integration into next-generation smartphones and tablets.