• Symphogen
• Trustpilot
• Pleo
• Vivino
• Peakon
• Planday
• SNIPR Biome
• Simple Feast
• Blackwood Seven

These startup have together raised over € 1 billion in funding since being started, and are emerging as the most important tech companies in Denmark.

We have talked a bit extra with one of them, Planday. Besides being listed on this list, Planday has an impressive list of being selected as one of the 100 best Copenhagen start-ups to watch and work for in 2019, and top 100 SaaS companies from Europe – amongst many other shortlists.

We talked with Anders Frederiksen, co-founder of Planday, about them being selected one of the most important startups in Denmark

“It is an exciting acknowledgement of our progress,. This recognition is thanks to the hard work and dedication of our people in Copenhagen and in our offices throughout Europe and North America who are always looking for new ways to optimise the work we do.”

Planday was originally founded as a way to save time for managers with scheduling staff, but has since grown international.

“When we started in a Danish bar 16 years ago we set out to save people time and money and work smarter, not harder. Now, we have thousands of businesses around the world which use Planday. Last year we celebrated passing more than 100 million shifts created in the Planday platform.”

Being in Copenhagen and part of the thriving tech scene, has definitely helped the startup succeed.

“We are really proud to still call Copenhagen home and want to continue to bring the best of Scandinavian innovation and design together to enable shift-workers and the businesses which employ them around the world to work smarter. While we continue to scale and follow our ambitions to power even more people and businesses to work smarter, it is great to be part of an awesome tech community that also helps support that vision.”

You can read more about the shortlist here.

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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.

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