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.

We track over 500 startups in this region, and of these over 100 have women founders or co-founders that we know about. So on this day, we wanted to highlight 25 interesting startups, co-founded by women, to watch out for in 2025.

This list consists of us and external advisors who highlighted different startups. It is not an objective list, but rather based on personal insights and who we believe will have an interesting 2025.

The list is of both younger startups and more established scale-ups, and in different fields – from AI startups to those focusing on food or nutrition, to e-commerce. One thing is clear – there are definitely a lot of interesting startups building great products in this region.

25 startups of interest

CanopyLab: A research-based social elearning platform designed to enable the development of competencies. With adaptive quizzes and the built-in social network structure enhance social and collaborative learning, emphasizing personalizing the learning experience to meet the learner’s individual needs. Co-founded by Sahra-Josephine Hjorth. (Edtech, SaaS, AI)

Coolstuff: Curating unique and trendy items that resonate with a diverse range of consumers. Co-founded by Kajsa Knapp. (E-commerce, Consumer goods)

Cross Reality: A unique multiplayer VR gaming turn-key solutions for arcades and entertainment venues. Their CRES platform turns any 100m² space into a virtual gaming arena with up to ten players simultaneously. Co-founded by Marie Möller. (Gaming, Hardware)

Della8: Crafting fashion-forward and functional products tailored to modern lifestyles. Co-founded by Emelie Nilsson Sträng. (Marketplace)

EasySize: Helping online shoppers find the perfect fit, reducing returns, and elevating the shopping experience. Founded by Gulnaz Khusainova. (E-commerce, SaaS)

Emission Twin: Developing technologies to monitor and reduce emissions, contributing to a greener future. Their software unites the ecosystem to help companies reach their climate goals. Co-founded by Tove Nilstun. (Climate, SaaS)

Edda Knowledge: Creating VR learning environments that engage students and assist in teaching. Empowering individuals and organizations with knowledge-driven solutions that foster growth and innovation. Co-founded by Sonja Holmer. (Edtech, SaaS)

Gents & Gents Go: Providing stylish and sustainable fashion options for the modern gentleman. Founder Jenny Rydhstrom. (E-commerce, Cosmetics, Consumer App)

Go Cirkular: Beauty brand specializing in upcycling raw materials to reduce environmental impact. Focused on vegan skincare and other products. Founder Irene Atance. (Cosmetics, Climate)

Inimini: Transforming the second-hand market for children’s clothing with a convenient online platform. Their goal is to increase the use of second-hand children’s clothing by making it easy for customers to find what they are looking for. Founded by Josefin Runquist and Maja Vallinder. (E-commerce, Clothing)

Matr Foods: Uses the art of traditional fungi fermentation on a mix of Nordic organic vegetables, legumes and grains to create a new healthy plant ingredient rich with deep umami flavour and a juicy tender bite. Co-founded by Randi Wahlsten. (Food, Climate)

Miniferrum: Creating innovative iron supplements for children and women, based entirely on heme iron. Co-founded by Marlén Melander. (Food)

Najell: Designing innovative baby products that combine functionality with stylish design. Co-founded by Freja Najafi Kristensen. (E-commerce, Clothing)

NitroVolt: Offers a clean, green, and local ammonia production system that gives power to the individual farmer over their own nitrogen-based fertilizer needs. The technology relies on lithium-mediated ammonia synthesis reactor, called Nitrolyzer. Co-founded by Suzanne Zamany Andersen. (Climate)

Oxide AI: Leveraging artificial intelligence to make smarter high-stakes decisions and accurate, discovery-driven experiences with AI Agents. Co-founded by Kateryna Wikström. (AI)

PayZlip: Simplifying payroll management with cutting-edge technology that ensures accuracy and efficiency. Co-founded by Jasmi Thrikediswarenaden. (SaaS, HRtech)

Proplab: Innovating in the proptech sector, a platform that simplifies a real estate developer’s everyday life, accelerates business development, promotes creative idea discussion and enables compelling presentations to potential tenants. Co-founded by Naomi Hamilton. (SaaS, Proptech, AI)

Raffle.ai: Search solution using super secure AI powered assistants. Co-founded by Suzanne Lauritzen. (AI)

Robot Minds: Empowering organisations to navigate and thrive in the rapidly evolving landscape of robotics. Founder Elena Sjödin. (Robotics)

Soothla: Kidswear and bedding for Sensitive Skin and eczema. Their lyocell products are designed to be soothing for the skin. Allergy-friendly, toxin-free, and a seamless inside feel for extra comfort. Founder Sylvia Heuvelman. (E-commerce, Clothing)

Tiimo: Award-winning app and web planner designed for neurodivergent brains. Co-founded by Helene Lassen Nørlem. (Consumer App)

Visibuilt: Developing a fermentation-based binder called visiBIT derived from one of nature’s own binders, mycelium. Founder Line Kloster Pedersen. (Proptech, Climate)

Wellbefy: Revolutionizing occupational health care with innovative solution and methodology. Co-founders Sandra Jönsson and Rebecca Arfwedson. (SaaS, HRtech)

4dogs. Pet care online store with solutions that prioritize the well-being and happiness of our furry companions. Co-founders Margareta Borg and Cina Bössfall. (E-commerce, Animals)

Why These Startups Matter

These startups are not just businesses; they represent the resilience, creativity, vision – and a drive to make an impact in the world. For instance, Inimini’s founders, Josefin Runquist and Maja Vallinder, have built a sustainable platform for second-hand clothing, oOr Emelie Nilsson Sträng who wants to enable a better sharing economy so that we can use resources smarter with Della8. Each one on this list are inspiring people that want to create a better world.

And these are just some of all the startups in the region. If you want to find more, check out or startup list. If you want to know which ones of these are women founded or co-founded, reach out to us.

Update: the orignal article included Too Good To Go. This was a mistake however from our side, and has been corrected now.

The post 25 Startups to Watch Out for in 2025 – With Women Founders appeared first on Øresund Startups.

“Motatos works great with our philosophy that food can still be fantastic even if it’s label accidentally has a wrong letter.”

Motatos business will be the same as in the home market Sweden and Finland, where they also are active (however, they closed their Norwegian operations recently). Their core business is selling food produce with either short shelf-life, or with miss-printed labels or similar defects.

“Our vision is a world without food waste. We can now enable danish citizens and danish producers to contribute to a better environment.” says Karl

There are multiple other business in this region already involved in this problem. Mette Lykke founded Too Good To Go after she exited Endomondo, and Rscued has since 2014 produced juice from leftover vegetables and fruits. However both of these have somewhat different models, focusing on restaurants and importers, respectively.

The post Matsmart launches in Denmark as Motatos appeared first on Øresund Startups.

Inspiring Fifty Nordic is a global initiative, initiated in the Netherlands by Janneke Niessen, and done together with Antler.

The awards breakfast hosted during Slush brought together leaders and influencers across the technology field that champion women and value the positive impact increased diversity has on all aspects of business including revenue growth, innovation and culture.

“We’re celebrating 50 women that have made major contributions to the Nordic technology industry. Their courage to push forward against the status quo and hard-fought success that makes them inspiring role models. It’s important that the industry, government, the wider business community and the public understand that the example the Inspiring Fifty sets will help transform the industry’s workforce, improving the sustainability of the Nordic economy.” Janneke Niessen, said

Amongst the Nordic list of 50 women in tech, 9 are from the Øresund region.

• Camilla Hessellund Lastein, Founder and CEO, Lix
• Laila Pawlak, Co-founder and CEO, Singularity University Nordics
• Louise Ferslev, Founder and CEO, MyMonii
• Mette Lykke, CEO, Too good to go
• Natasha Friis Saxberg, Deputy Chairman, Foundation for Social Responsibility
• Ritu Jain, Co-founder and COO, LifeX
• Thea Messel, Founder and General Partner, Unconventional Ventures
• Tine Thygesen, Board Member, The Creators Community
• Vanja Tufvesson, Co-founder, Pink Programming

You can see the entire list here.

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