Summer investments: East Jutland startups strengthened with over DKK 175 million

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The summer has not only been about barbecues and sunbathing for a number of startups in East Jutland. Several of them have been busy fundraising and have received a total of over DKK 175 million in investments.

The investments also show the breadth of the local ecosystem, as the money has gone to a wide range of industries.

Draupnir Bio strengthens research with DKK 90 million

In a seed roundA seed round is an early stage of fundraising in which a startup secures external capital to develop its business concept and create a minimum viable product. More, Draupnir Bio with research facilities in Aarhus received a total of DKK 90 million in July from new investors MP Healthcare and EIFO (Denmark’s Export and Investment Fund) as well as existing investors Gilde Healthcare, Inkef and Novo Holdings.

“Draupnir has a great ambition to pioneer and push the boundaries of extracellular protein degradation. We are thrilled to welcome new investors and thank existing investors for their continued support,” says CEO Andrew Hotchkiss on Draupnir Bio’s website.

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The investment will be used to further develop the company’s technology in targeted protein degradation, which has great potential in the treatment of inflammatory and neurological disorders.

Country people raise 76 million kroner in series a round

Online portal Landfolk is on a mission to redefine the vacation rental market. To get closer to the goal, Landfolk has in July raised investments of DKK 76 million in a series a round.

Read also: Startup of the Week: After selling the company to Airbnb, serial entrepreneurs are ready with new marketplace for vacation homes – TechSavvy

“This new investment will help us expand further in key markets across Europe,” writes CEO of Landfolk Christian Schwarz Lausten on LinkedIn.

The money was raised from a new investor, EIFO, as well as existing investors Heartland and Seed Capital Denmark.

Unioo secures DKK 6 million in new capital

Unioo, which develops software solutions for the voluntary sector, has a new investor, Compounding Capital, on its doorstep. Together with existing investor Ugly Duckling Ventures, Unioo has received investments totaling DKK 6 million.

“We are thrilled to have Compounding Capital on board. Their experience with similar investments in their portfolio makes them an ideal partner for us. We are also proud that our existing investor, Ugly Duckling Ventures, has decided to double their investment in Unioo,” co-founders Martin Have and Mads Thamestrup Carstensen write on Unioo’s website.

Follow investments in Danish startups at TechSavvy

During the summer, an investment was also raised with Lunar Bank and a pre-seed investment with Vokalo.

Also read: Investments: Get this week’s overview of where capital is going – TechSavvy

When it comes to investing in Danish startups, you can always stay updated at TechSavvy. We collect all investments in our overview here.