The decline in business angel activity is part of a broader market contraction, with uncertainty around AI and global economic conditions contributing to investor hesitation. However, Copenhagen’s strong software ecosystem and dedicated clusters continue to make it a natural fit for business angel investments.

“Business angels are where the Danish venture ecosystem begins. They provide the early-stage capital, expertise, and conviction that drive innovation and shape the companies that later attract institutional financing,”

said Lars Horsholt Jensen, Managing Director, Head of SME Startup & Innovation, EIFO

TechSavvy reported on this, where Kenneth Larsen, CEO of Keystones, a network for business angels, attributes this trend to underlying global uncertainties, despite stable economic conditions like controlled inflation and employment rates.

Kenneth Larsen acknowledges that the difficulty in distinguishing between AI startups, given the fast-paced nature of the industry, may have created a reluctance to invest in AI-driven ventures.

Despite the overall decline, Copenhagen remains a leader in startup investments. The Region Hovedstaden (Capital Region of Denmark), which includes Copenhagen, accounts for 63 percent of the total invested capital from business angels. Enterprise software is the dominant sector for both the number of investment rounds and the amount of capital invested, benefiting from Denmark’s strong national software ecosystem.

The report also highlights that the top 10% of business angels deploy nearly 60% of all invested capital, with the top 1% standing out further in terms of ticket size, founder experience, and graduation outcomes. For Copenhagen, this concentration of capital and expertise underscores its position as the primary hub for early-stage investments in Denmark.

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Neo4j is one of the unicorns that have emerged from this region, being latest valued at over € 2.3 billion (in 2024), and according to Emil Eifrém it has seen its annual recurring revenue grow a lot since then. He says in the article that Neo4js growth in the second quarter of this year is as high as it was all of 2025.

The company sees this strong growth at it is perfectly positioned to capitalize on the AI revolution with its GraphRAG technology, which enhances AI reliability by 80 percent, according to a company-funded study.

Emil says in the interview Neo4j is cash flow positive in its core operations, and that they are investing € 100 million over three years to expand their AI capabilities. Despite pressure from investors, Emil remains cautious about an IPO. He noted that the current market volatility makes being a public company particularly challenging.

For now, he is focused on growing the business, with a recent acquisition aimed at competing with Palantir in the AI space, where he sees a lot of potential for a Europe-focused alternative to Peter Thiels Palantir.

The journey has however not been without challenges, which Emil tells in the interview. Especially when an early prominent VC pulled out of a funding round early in the company’s life. Read the interview at Breakit (in Swedish).

The post Neo4j Sees Massive Revenue Growth at the AI Frontline appeared first on Øresund Startup News.

Aquacheq is founded ni 2023 and uses an advanced ultrasonic sensor combined with an automatic shut-off valve to detect and stop leaks before they cause costly damage. At the same time, the system helps you understand and optimize your water usage.

By combining ultrasonic monitoring, automatic water shut-off, and real-time insights through its app, Aquacheq aims to make water usage safer and smarter for consumers.

The post Aquacheq Secures Funding to Advance Smart Water Technology appeared first on Øresund Startup News.

The expansion has already shown remarkable results. Just a few days after launching in Japan, the country accounted for over 50% of Klang’s new daily users.

“A few days ago, 0% of our new users were from Japan. On Saturday it was 50.4%. More people signed up from Japan that day than from every other country we sell in, put together.”

said Andreas Argelius, CTO and co-founder Klang

The decision to enter the Japanese market aligns with Klang’s mission to close the performance gap between English and other languages in speech technology. By specializing in individual languages, Klang has been able to outperform general models, a strategy that began with its focus on Swedish.

At the current speed the startup estimates that in a couple of weeks total sign-ups from Japan might be higher then from all other countries. This growth highlights the demand for high-quality, localized speech technology and underscores Klang’s ability to deliver performance and trust in non-English languages.

The post Klang Expands to Japan and Sees Rapid Growth appeared first on Øresund Startup News.

What if you could represent Øresund Startups during networking events, making it easier to introduce yourself and start conversations within the startup ecosystem?

Øresund Startups is looking for new ambassadors to help us discover, connect, and spotlight startups across Copenhagen, Malmö, Lund, and Helsingborg. As an Øresund Startups Ambassador, you will attend startup networking events around the Øresund region as a representative of Øresund Startups in the events.

This is a great opportunity if you want to:

• Attend interesting startup-related events
• Connect and talk to people and discover startups in the region
• Building your network and learning more about startups and innovation in the Øresund region
• Share insights and event experiences
• Help spotlight interesting startups and initiatives in the region

No previous experience is required — we are mainly looking for curious, proactive, and social people who are interested in the startup community. This role is volunteer-based and especially suitable for students, young professionals, international talents, and anyone interested in startups, communication, innovation, media, or community building.

Apply here and become part of the Øresund Startups Ambassador Network: 

https://bit.ly/ØresundStartupsAmbassador2026

The post Represent Øresund Startups at Events by Joining Our Ambassador Network appeared first on Øresund Startup News.

The partnership aims to accelerate product innovation and expand Queue-it’s global reach.

Founded in Denmark in 2010, Queue-it helps businesses and public organizations manage peak online traffic, protect digital infrastructure, reduce bot activity, and ensure fair access to critical digital services. Its platform is used worldwide across industries such as ticketing, e-commerce, public sector, and financial services.

“We are excited to partner with THL as we enter a new chapter in Queue-it’s journey. THL brings deep experience scaling global software businesses and shares our conviction in the opportunity ahead. Together, we will continue investing in innovation, supporting customers around the world, and strengthening our platform as organizations increasingly look to manage complex digital traffic.”

said Jesper Essendrop, CEO of Queue-it.

THL’s investment in Queue-it aligns with its long-standing focus on software companies that help organizations drive, protect, and optimize increasingly complex digital infrastructure.

As internet traffic continues to grow and AI-driven activity transforms how organizations manage digital demand, THL believes Queue-it is well-positioned to help customers deliver robust and reliable online experiences.

“Queue-it has been an outstanding journey. From its Nordic roots, the company has grown into a true global category leader, with a remarkable track record of growth, improving profitability, and a team that has executed exceptionally at every stage. It has been a privilege to partner with the founders and with Jesper and his management team through this chapter, and we have no doubt that the best is yet to come.”

said Lars Dybkjær, Managing Partner at GRO

The post Queue-it Announces Majority Investment from THL Partners appeared first on Øresund Startup News.

Øredev is the international developers conference held annually in Malmö, and is one of the largest of its kind in the Nordics. The conference features multiple tracks covering the whole software development process; Applied AI & Data, Security, Leadership, Architecture and much more. Each year is unique with a new theme, new topics, new speakers, and new challenges.

This year one of the new initiatives is the Emerging Tech Program and all startups are now welcome to apply. It is open to new ventures from the Nordics and beyond, and the initiative offers a platform for startups to share their passions and the problems they are solving.

Three emerging stars will be selected to demo their work at Øredev, where they will have the opportunity to connect with leading minds in the tech community.

You can read more here: https://drive.google.com/file/d/1xnKJsp05s11LSCnPbsE6cXH8qFImLETJ/view

The post Øredev Creates Launchpad for Tech Startups appeared first on Øresund Startup News.

Palette is building a platform where companies can integrate AI agents into their workflows without being locked into a single model or vendor. The technology allows teams to retain ownership of their context, workflows, and knowledge while maintaining the flexibility to switch between AI models as needed.

“We’ve worked with this founding team before, and it’s one of the strongest and most complete teams we’ve backed. They saw where AI work was heading before it was obvious. We believe Palette can become the operating layer for teams adopting AI across the whole company. That’s why we led the round.”

says Andreas Green Rasmussen, Partner at Ugly Duckling Ventures

The company’s first product, Palette Desktop, is already in use by its initial paying customers. These early adopters include teams in sales, operations, and product development, not just engineering. Users can deploy agents like Claude Code and Codex on their own files and folders, opting for cloud-based models when speed or cost efficiency is a priority, or local models for more sensitive tasks.

Palette’s broader OS, which includes a company-owned context library, shared skills, and seamless tool integration, is currently available to design partners. The platform aims to make AI adoption more responsible by ensuring that models remain interchangeable while company context remains durable.

“There will always be a newer model. The responsible way to adopt AI is to make the model swappable and make your company context durable. That’s what we’re building with Palette.”

says Brian Kyed, co-founder of Palette

Palette Desktop is available now for paying customers, and companies interested in the broader Palette OS can apply at palette.team. The new funding will be used to expand sales efforts and grow the team.

The post Copenhagen-Based Palette Raises €3M Pre-Seed to Build Model-Neutral OS for AI-Native Teams appeared first on Øresund Startup News.

The Financial Times co-operated with the international data and research company Statista as well as the FT-backed European tech site Sifted.

From the region 4 hubs where in the list:

• DTU
• Copenhagen School of Entrepreneurship
• DTU Science Park
• Minc

CBS was a new entry for this year, as it was not on the previous list from 2025.

DTU also stood out for being on of the top 10 best ranked Hubs on both the networking score and the best office and lab space score.

These hubs reinforce the cross-border ecosystem’s growing influence in technology, sustainability, and deep-tech innovation.

More details on the listing:

DTU (Technical University of Denmark)
Rank: 46
Score: 79.83
City: Kongens Lyngby (Greater Copenhagen)
Focus: No specific focus
Founded: 1829
2025 Ranking: Yes

Copenhagen School of Entrepreneurship
Rank: 84
Score: 77.50
City: Frederiksberg (Copenhagen)
Focus: No specific focus
Founded: 2008
2025 Ranking: No

DTU Science Park
Rank: 174
Score: 72.56
City: Kongens Lyngby (Greater Copenhagen)
Focus: Technology
Founded: 2014
2025 Ranking: Yes

Minc
Rank: 178
Score: 72.34
City: Malmö
Focus: Technology
Founded: 2002
2025 Ranking: Yes

Europe’s Leading Start-Up Hubs 2026, in its third edition, is a ranking of the top centres offering incubator and/or accelerator programmes to people who want to build or grow a company. Requiring at least one physical location within Europe, these centres are called start-up hubs. In total, 180 such hubs were recognised in this ranking. To identify the leading hubs, a two-phase application and evaluation process was conducted.

Several elements were considered, with the main criterion being the assessment by alumni who participated in at least one programme run by the respective hub. In addition, the recommendations of external experts, such as investors (business angels, representatives of venture capital firms), entrepreneurs and academics were included. Also, the most successfull startup from the hubs where analysed as well.

You can view the entire ranking here:

https://www.ft.com/content/ab05487c-72f9-4c1c-9acf-07768693b105

The post The Regions Startup Hubs Make Waves in Financial Times’ 2026 European Ranking appeared first on Øresund Startup News.

These startups are not only scaling rapidly but also improving margins and delivering financial results.

From the Swedish side of the Øresund region 4 startups made the list. The criteria are that the companies need to have at least € 1 million in revenue (2025), a Year-on-year growth of revenue at least 30% compared to 2024, profitable (or almost profitalbe) and not listed on any stock exchange.

Flexotrap’s Explosive Growth in Shooting Range Innovation

Flexotrap, a Lund-based startup founded in 2023, has achieved substantial growth with its modular bullet trapping system for shooting facilities. The company reported a 2025 net revenue of SEK 10 million, representing a 335% year-over-year increase. Flexotrap also maintained a break-even result, showing it can scale efficiently while meeting market demand.

LaddaTillsammans Charges Ahead in EV Infrastructure

LaddaTillsammans, based in Helsingborg, is making waves in the electric vehicle (EV) charging sector. The company, which provides smart EV charging solutions for condominium associations communities (bostadsrättföreningar), and property companies, saw its 2025 net revenue rise to SEK 35.5 million, a 33% increase from the previous year. Profits also more than doubled, climbing from SEK 0.9 million in 2024 to SEK 2.7 million in 2025, highlighting a strong market fit and operational efficiency.

“We are proud of our growth last year, but our aim is even higher for 2026,”

says Niklas Hilding, CEO at LaddaTillsammans

Mylla Growth in Local Food

Mylla, a Malmö-based online marketplace, connects local farmers directly with consumers, promoting sustainable and transparent food systems. In 2025, Mylla achieved a net revenue of SEK 24 million, up 112% year-over-year, and turned profitable with SEK 4.2 million in earnings, compared to a SEK 4.6 million loss in 2024.

RemotiveLabs Drives Innovation in Simulation

Meanwhile, RemotiveLabs, also based in Malmö, working with vehicle simulation on a developer-centric platform. The company reported a 2025 net revenue of SEK 10.1 million, a 71% increase, and reduced its losses from SEK 2.8 million in 2024 to SEK 0.6 million in 2025, signaling progress toward profitability.

The entire list can be found here: https://www.swedishtechnews.com/40-swedish-startups-and-scaleups-with-strong-sustainable-growth-in-2025/

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