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About Founders

Founders, an accelerator and incubator program founded in 2012, is based in Copenhagen, Denmark. With a presence in 6 countries, it has supported around 23 startups in sectors like Enterprise Applications, Consumer. As of May 2026, Founders has 1 unicorn under its belt and has witnessed 3 portfolio exits. Most notable companies in its portfolio include Klarna, Pleo and Kontist. The program is backed by a team of 11 people who primarily support Seed startups based in Denmark. Its latest investment was a $6.73M Series A round in Sibill on Jun 03, 2024, which also saw participation from Keen Venture Partners and Exor.
Key Metrics
Founded Year
2012
Location
Copenhagen, Denmark
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed & Series H
Locations of Investment
Unicorn in Portfolio

Founders' List of Top Investments

Founders has a portfolio of 23 companies, one of which is a Unicorn. Their most notable investments are in Maguru and LifeX.Their portfolio spans across Denmark, Germany, Sweden and 3 more locations. They have invested in Enterprise Applications, Consumer, FinTech and 13 other sectors, across stages such as Seed, Series H stages. Here is the list of top investments by Founders:
Developer of an online platform for point-of-sale financing. It enables users to purchase products within the partnered merchant network and split the cost of the purchase from the stores into interest-free payments and also works in-store. It also enables users to make instalment payments by credit or debit cards on retail purchases, receive price changes, and deal alerts. Its mobile application is available on Android and iOS platforms.

Key facts about Klarna

  • Founded Year: 2005
  • Location: Stockholm (Sweden)
  • Stage: Public
  • Total Funding till date: $4.19B
  • Employee Count: 4,591 as on Apr 30, 2026
  • Investors: Harvest Growth Capital, TCV and 134 Others
  • Latest Funding Round: Conventional Debt, Aug 21, 2025, $*****
  • Highlight: Public

2. Pleo

Provider of spend management platform with virtual and physical card options. The platform offers tools for business cards, expense management, accounts payable, and reimbursements. It provides features such as spend limitations and vendor cards for managing recurring payments. The platform also integrates with other business tools to streamline workflows.

Key facts about Pleo

  • Founded Year: 2015
  • Location: Copenhagen (Denmark)
  • Valuation: $*****
  • Stage: Series C
  • Total Funding till date: $434M
  • Employee Count: 951 as on Apr 30, 2026
  • Investors: Kinnevik, Founders Fund and 15 Others
  • Latest Funding Round: Conventional Debt, May 02, 2024, $*****
  • Highlight: Editors' Pick
Digital bank for freelancers and self-employed. Its offering includes paperless account opening, mobile banking, push notifications for account activity, automatic income and sales tax reserves, and an early warning system for payment bottlenecks. It has partnered with Solaris Bank for a German banking license and modular banking platform technology. The user deposits are secured by the European deposit fund.

Key facts about Kontist

  • Founded Year: 2016
  • Location: Berlin (Germany)
  • Last Known Valuation: $*****
  • Stage: Acquired
  • Total Funding till date: $46.7M
  • Employee Count: 28 as on Apr 30, 2026
  • Investors: Mars Growth Capital, Founders and 2 Others
  • Latest Funding Round: Conventional Debt, Nov 16, 2021, $*****
  • Highlight: Acquired
Payment reconciliation and link-based payment solutions. Offers solutions such as real-time banking for aggregating accounts and expense management, automatic forecasts for retrieving invoice and cash management, agile payments for payment links, and more. Features tools for analyzing and sharing balances and transactions.

Key facts about Sibill

  • Founded Year: 2021
  • Location: Agropoli (Italy)
  • Stage: Series A
  • Total Funding till date: $21.3M
  • Employee Count: 122 as on Apr 30, 2026
  • Investors: Keen Venture Partners, Exor and 6 Others
  • Latest Funding Round: Series A, Jun 26, 2025, $*****
  • Highlight: Editors' Pick
Provider of managed co-living spaces. It offers shared/single co-living options along with amenities such as a kitchen, beds & linens, cleaning services, internet, networking community, and others. It also offers relocation services.

Key facts about LifeX

Founders' Investments by Stage

Founders has made 11 investments in Seed stage with an average round size of $2.44M and 1 investment in Series H stage with an average round size of $800M.
Here are Founders' investments by stage:
Stage of entry
No. of Investments
Seed
11
Series H
1
Breakdown of Founders' investments by stage of entrySeed (11)Series H (1)
Note: We have considered here, only first round of investments

Founders' Investments by Sector

Founders has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Consumer, Retail and Vertical SaaS. Notably, it has invested in 22 Tech companies, 15 Enterprise (B2B) companies, 14 Software companies and at least 10 companies focusing on Consumer (B2C).
Here are Founders' investments by sector:
Sector
No. of Investments
Enterprise Applications
7
FinTech
5
Consumer
3
Retail
3
Vertical SaaS
2
Others
6
Breakdown of Founders' investments by sectorsEnterprise Applic... (7)FinTech (5)
Note: We have considered here, only first round of investments

Founders' Investments by Geography

Founders has made most investments in Denmark (7), followed by Germany where it has made 2 investments.
Here are Founders' investments by geography:
Country
No. of Investments
Denmark
7
Germany
2
Italy
1
Sweden
1
United Kingdom
1
Breakdown of Founders' investments by countriesDenmark (7)Germany (2)
Note: We have considered here, only first round of investments

Founders' recent investments

Founders has not made any investment in 2026 so far.
Here are the most recent investments by Founders:
Date
Company
Location
Round Details
Round Amount
Co-Investors
Jun 03, 2024
Italy
Series A
2495
Jul 15, 2022
United Kingdom
Seed
7362
  [+6]
Jul 11, 2022
Sweden
Series H
6018
Nov 27, 2021
Denmark
Series C
1407
  [+7]
Nov 05, 2021
Italy
Seed
2560

Unicorns in Founders' Portfolio

Founders has 1 unicorn in its portfolio - Pleo. The most recent unicorn in their portfolio is Pleo which became a unicorn in 2021, 4 years after Founders first invested in it.
Here is a list of unicorns in Founders' portfolio:
Tracxn Score
Company
Short Description
Founded year
Sector
Location
Company Stage
First Investment/ Acquisition Details
80
Provider of spend management platform with virtual and physical card options
2015
Copenhagen
Series C
oniy{ru

IPOs and Publicly Listed companies in Founders' Portfolio

1 of Founders' portfolio company became public -  Klarna. It got listed on the New York Stock Exchange (NYSE), in Sep 2025 at marketcap of $15.1B
Here are Founders' portfolio companies that went public:
Company
IPO Date
First Invested on
First Round of Investment
Round Size
Sep 10, 2025
Jul 11, 2022
Series H
8835

Acquired companies in Founders' Portfolio

2 companies from Founders' portfolio have been acquired. The most recent acquisition was Kontist in Jul 2022 by Ageras for $*****.
Here are Founders' portfolio companies that got acquired most recently:
Company
Acquisition Date
First Invested on
First Round of Investment
Round Size
Jul 28, 2022
Oct 12, 2016
Seed
2061
Apr 30, 2015
-
-
5100

Team profile of Founders

Founders has a team of 11 members including 6 Partners and 1 Principal located in Denmark, India and 2 more locations. Founders' team sits on the board of 2 companies.
Here is a list of top team members in Founders:
Name
Designation
Location
Board Memberships
Contact Details
Partner
Copenhagen
Partner
Copenhagen
-
Partner
Copenhagen
-
Partner
Copenhagen
Partner
Noida
-
-
Partner
New York City
-
-
Principal
Poland
-
-

Co-investors of Founders

Over the past 11 years, 84 investors have co-invested in Founders's portfolio companies. This includes funds and angels.

  • Invested before FoundersCreandum, Permira and 31 others have invested in rounds before Founders. There is 1 company where Creandum has invested before Founders and 1 company where Permira has invested before Founders.
  • Top Co-investors of Founders29 investors entered a company along with Founders. These include investors like Mubadala (1 company).
  • Invested after FoundersA total of 22 investors have invested in Founders's portfolio after their investments. Top Investors include Creandum (2 companies) and Santander Bank (1 company).

Recent News related to Founders

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