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.
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:
1. Klarna
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
3. Kontist
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

4. Sibill
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
5. LifeX
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
- Founded Year: 2017
- Location: Copenhagen (Denmark)
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $19.5M
- Employee Count: 37 as on Apr 30, 2026
- Investors: TriplePoint Capital, Cherry Ventures and 5 Others
- Latest Funding Round: Seed, May 22, 2020, $*****
- Highlight: Editors' Pick
Founders' Year-on-Year Investment Trends
Founders has invested in 23 companies over the last 11 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in All Gravy and most recent follow-on round was in Sibill.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 1 | 1 |
2023 | 0 | 0 | 0 |
2022 | 2 | 0 | 2 |
2021 | 2 | 2 | 4 |
2020 | 0 | 1 | 1 |
2019 | 1 | 1 | 2 |
2018 | 1 | 1 | 2 |
2017 | 1 | 1 | 2 |
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.Stage of entry | No. of Investments |
|---|---|
Seed | 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).Sector | No. of Investments |
|---|---|
Enterprise Applications | 7 |
FinTech | 5 |
Consumer | 3 |
Retail | 3 |
Vertical SaaS | 2 |
Others | 6 |
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.Country | No. of Investments |
|---|---|
Denmark | 7 |
Germany | 2 |
Italy | 1 |
Sweden | 1 |
United Kingdom | 1 |
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 | [+7] | |
Nov 27, 2021 | Denmark | Series C | 1407 | [+7] | |
Nov 05, 2021 | Italy | Seed | 2560 | [+3] |
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 $15.1BHere 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 Founders: Creandum, 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 Founders: 29 investors entered a company along with Founders. These include investors like Mubadala (1 company).
- Invested after Founders: A 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
•
Milan-based fintech startup Sibill secures €6.2M to automate financial operations for Italian SMBsSilicon Canals•Jun 03, 2024•Sibill, Keen Venture Partners, Founders, Exor and 5 others
•
It’s All Gravy for the Danish startup giving shift workers financial freedom as it raises €3.2 millionEU-Startups•Oct 27, 2022•All Gravy, Moonfire, Founders, Upfin and 1 other
•
•
Berlin-based Data-Driven Sales Training Startup Wonderwerk Raises $2.5M Seed FundingEdTechReview•Dec 09, 2021•Wonderway, Sparkmind.vc, Founders, Black Pearls and 2 others
•
Nordic Fintech Pleo Raises $1.7B, Joins Unicorn ClubCoinspeaker•Jul 06, 2021•Pleo, Bain Capital Ventures, Thrive Capital, Creandum and 5 others
•
•
•
•
Danish proptech LifeX raises €7.5 million to bring co-living to European citiesTech.eu•Oct 11, 2019•LifeX, Cherry Ventures, Founders, TriplePoint Capital and 4 others
•
Pleo, the multi-card business spending platform, closes $56M Series BTechCrunch+•May 14, 2019•Pleo, Creandum, Seedcamp, Kinnevik and 2 others