The report comes at a time when Denmark has seen a decline in public listings, with the last major IPO being Gubra in March 2023. Despite this, the analysis reveals that the potential for new listings is stronger than often assumed. The 54 candidates collectively represent nearly a third of the current Danish stock market, highlighting the untapped opportunities for growth and investment in the country.

Traditionally, Danish startups have followed a path of venture capital funding followed by a trade sale or private equity buyout, with IPOs often seen as a distant or even unrealistic goal. However, the FBV analysis suggests that this mindset may be shifting.

The report has however also had many commenting on the realism of it, and if all these companies truly are ready for an future IPO. But many agree that the debate is important and that the Danish IPO scene needs more success to become more important.

“It’s not just Pleo and Veo, where Jeppe Rindom and Henrik Theisbæk have publicly toyed with IPO ideas, but also Lunar, Flatpay, Podimo, Corti, Monta, Too Good To Go, and others are also potential candidates. In the U.S., no one would bat an eye, but here, the usual path is venture capital until a private equity firm or industrial buyer takes over from the founders,”

notes Jesper Højberg Christensen of Bootstrapping.dk.

Three Key Steps to Revitalize the Market

To unlock Denmark’s IPO potential, the FBV report outlines three critical steps. First, encouraging pension funds to invest more in Danish equities could boost liquidity and demand in the market. Second, improving incentives for retail investors, such as lowering capital gains tax or enhancing stock savings accounts, could stimulate greater participation. Finally, simplifying the listing process and reducing associated costs would make IPOs a more attractive and accessible option for companies.

The release of the report coincides with Biomar’s announcement of its expected IPO in the first half of 2026 and the upcoming FBV Stock Market Conference on May 19. This highlight the growing momentum and interest in revitalizing Denmark’s capital markets, ensuring that more homegrown companies can scale and thrive while remaining anchored in the country.

The post Denmark’s Hidden IPO Pipeline: 54 Companies, Including Pleo and Lunar, Could Go Public by 2030 appeared first on Øresund Startups.

The newly acquired capital will support Corti’s ongoing growth in the healthcare sector, where it deploys advanced AI to understand patient needs and optimize clinician workflows. Furthermore, Corti will extend its AI capabilities to public safety by enhancing call taker efficiency and conversation quality across Public Safety Answering Points.

Corti’s cutting-edge medical AI, driven by extensive peer-reviewed research, offers real-time guidance during patient interactions and emergency calls. It also aids in documentation, coding, triaging, and quality assurance, ultimately benefiting both patients and healthcare professionals.

Lars Maaløe, Co-Founder & CTO at Corti, highlighted the company’s commitment to innovation and competition in the rapidly evolving AI landscape.

”AI is moving faster than ever, and at Corti we continue to stay ahead of the curve by vigilantly competing with big tech on method and application.”

he says

Corti, having experienced rapid growth in recent years, collaborates with major healthcare providers, public safety agencies, and health insurers across Europe and the United States, impacting millions of patients annually. This latest funding round will drive Corti’s global expansion and the development of AI solutions for both healthcare and public safety, with the aim of providing accessible, high-quality healthcare advice at a reduced cost.

The post Corti Raises €56M Series B Funding to Accelerate Healthcare AI Innovation appeared first on Øresund Startups.

The fund is, as the name suggest, focused on being backed by founders. This is an impressive list, with founders behind local successes like Zendesk, Unity, Tradeshift, Sitecore and Vivino being a part of it. But also founders from across the nordics, with successes such as Skype and Kahoot. And the idea is to leverage those founders as well for the startups that will be invested in:

“byFounders provides early-stage founders with unrivalled access to knowledge, expertise and insight from some of the most successful Nordic entrepreneurs. The support and operational guidance available from such a broad group is unique, and has the potential to play a major factor in the success of the next generation of startups from the region.” says Morten Primdahl, Co-Founder of Zendesk, about the process

The idea is to help out with what is needed for further growth. That can be scaling, introductions, referrals, recruiting, global expansion or raising further funding rounds. Portfolio startups are supposed to always find the advice they need in the 50-strong and growing ‘Collective’.

“byFounders Collective allows me to take part in shaping the founders of the future and highlighting the innovative and un-traditional companies that dare to think different and proves that the way to success doesn’t have to include a basement or a White Party.” says Frederikke Schmidt, founder of Roccamore

The fund will invest in a different range of startups. The strategy for investing has so far been a “7 T:s” approach: Team, TAM, Traction, Tech, Transformation, Timing, 10x.

However, raising a lot of money for investing in startups is not the easiest process.

“Having been through a challenging, exciting, at times gruelling and at the end very successful fundraising period, we can now proudly announce that we have managed to reach our goal of raising a € 100 million fund. For a first-time fund, this is exceptional.” Ida Åsle says about the process.

byFounders will be very important for our region, being a major VC player located here, that can compete with the other big Nordic funds such as Creandum and Northzone, based in Stockholm. An important player in the Greater Copenhagen eco-system for sure, but also strengthening the Nordics in total.

“It’s natural for every tech ecosystem to compare itself to Silicon Valley but the Nordics have established itself as a true birthplace for unicorns. The region can and will compete with any other place in the world when it comes to fostering and growing companies, and I believe the opportunity for large exits will only increase over time.” says Tommy Andersen who together with Eric Lagier started the fund.

byFounders has already invested in 11 startups: Corti, Peergrade, Simple Feast, Cobalt, Spiio, SafetyWing, Drugstars, Omnio, Qurasense, Tame, and Uizard.

You can read more about the process from byFounders directly, or at TechCrunch and Tech.eu as well.

The post A new VC is in town! appeared first on Øresund Startups.

• The Startup of the year award went to the Danish startup Templafy, a company aiming to solve what they call a ”document anarchy” in companies.
• Investor of the year was claimed by Hampus Jakobsson from Malmö.
• Founder of the year went to Jan Erik Solem also based in Malmö, co-founder of Mapillary.
• Eco System Hero of the Year went to Sissel Hansen from Copenhagen.
• Best accelerator or incubator of the year went to Copenhagen based Accelerace.
• Last but not least the best AI/Machine learning startup went to Corti, a company aiming to use AI to help medical dispatchers make life saving decisions.

Great job for all participants, and proud to have such a strong performance at this years award!

The post Øresund region strongest region at the Nordic Startup Awards! appeared first on Øresund Startups.