When was Danfoss founded?

Danfoss was founded in 1933 and raised its 1st funding round 63 years after it was founded.

Where is Danfoss located?

Danfoss is headquartered in Nordborg, Denmark. It is registered at Ames, Iowa.

How many employees does Danfoss have?

As of Apr 30, 2026, the latest employee count at Danfoss is 23313.

Is Danfoss a funded company?

Danfoss is a funded company, having raised a total of $41.2M across 15 funding rounds to date. The company's 1st funding round was a $***** Conventional Debt round, raised on 1996.

How much is Danfoss worth?

The last known valuation of Danfoss was $***** as of Dec 16, 2004.

When was the latest funding round of Danfoss?

Danfoss' latest funding was a $***** Grant (prize money) round on Feb 01, 2023, with participation from 1 investor.

Where does Danfoss rank among its competitors?

Danfoss ranks 6th amongst 3770 active competitors, of which 54 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Siemens, which secured $2.66M in Apr, 2025.

Who are the top competitors of Danfoss?

Danfoss' top competitors include Emerson, Honeywell and Siemens. Among them, Siemens secured the most recent funding round in April, 2025.

Danfoss - 2026 Company Profile, Team, Funding & Competitors

Company Details

Manufacturer of solutions increasing machine productivity, reducing emissions, and lowering energy. The company provides technologies for electrification, heating, cooling, power conversion, and motor control. Its products serve industries including automotive, marine, industrial machinery, and renewable energy. The company focuses on developing solutions for energy efficiency and decarbonization.

Website: www.danfoss.com/en/
Social
Email ID: *****@danfoss.com
Phone Number: +45 **********
Registered Address: Ames, Iowa

Key Metrics

Founded Year

1933

Location

Nordborg, Denmark

Stage

Acquired

Total Funding

$41.2M in 15 rounds

Latest Funding Round

Grant (prize money), Feb 01, 2023, $*****

Last Known Valuation

$***** as on Dec 16, 2004

Investors

Emerald Technology Ventures & 8 more

Ranked

6^th among 3770 active competitors

Employee Count

23,313 as on Apr 30, 2026

Investment & Acquisitions

Semikron Danfoss & 26 more

Similar Companies

myenergi & 76 more

Exit Details

Acquired by Siemens (Oct 08, 2024)

View Danfoss' full profile

Danfoss is associated with 13 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
DANFOSS LLC. CIN: 581734543 , United States, Active	Dec 31, 1999	-	1090 (As on Dec 31, 2016)	-
SONDEX HEAT EXCHANGERS INDIA PRIVATE LIMITED CIN: U51900TN2008PTC134555 , India, Amalgamated	Sep 01, 2008	$5.99M (As on Mar 31, 2021)	-
DANFOSS TURBOCOR COMPRESSORS, INC. CIN: 203640979 , United States, Active	Dec 31, 1999	-	187 (As on Dec 31, 2013)	-
F Power Solutions s.r.o. CIN: 06578977 , Czech Republic, Active	Nov 05, 2017	-	-
Danfoss A/s CIN: 20165715 , Denmark, Active	Sep 24, 1961	-	27795 (As on Dec 31, 2020)
DANFOSS CIN: 40003340652 , Latvia, Active	May 06, 1997	$6.02M (As on Dec 31, 2024)	25 (As on Dec 31, 2022)	-
DANFOSS POWER SOLUTIONS INDIA PRIVATE LIMITED CIN: U00000PN2001PTC131740 , India, Active	Feb 05, 2001	$60.4M (As on Mar 31, 2025)	333 (As on Mar 31, 2024)
DANFOSS INDUSTRIES PRIVATE LIMITED CIN: U29199TN1999PTC041877 , India, Active	Feb 09, 1999	$362M (As on Mar 31, 2025)	1336 (As on Feb 29, 2024)
LM Conditioning speaks d.o.o CIN: 67883044587 , Croatia, Active	Oct 17, 2022	$46.7K (As on Dec 31, 2024)	-
DANFOSS POWER SOLUTIONS US COMPANY CIN: 421345015 , United States, Active	Dec 26, 999	-	3063 (As on Dec 31, 2024)	-
DEVI'S PLACE LTD CIN: 12220764 , United Kingdom, Active	Sep 20, 2019	-	8 (As on Sep 30, 2024)
DANFOSS FLUID POWER PRIVATE LIMITED CIN: U29309PN2020PTC191867 , India, Active	Jul 10, 2020	$350K (As on Mar 31, 2025)	-
DANFOSS TECHNOLOGIES PRIVATE LIMITED CIN: U74999TN2020PTC136283 , India, Amalgamated	Jul 10, 2020	$17.5M (As on Mar 31, 2022)	479 (As on Jan 31, 2024)

Danfoss got acquired by Siemens on Oct 08, 2024.

Click here to take a look at Danfoss's acquisition in detail

Danfoss has raised a total funding of $41.2M over 15 rounds. Its first funding round was on 1996. Its latest funding round was a Grant (prize money) round on Feb 01, 2023 for $*****. 1 investor participated in its latest round. Danfoss has 9 institutional investors.

Here is the list of recent funding rounds of Danfoss:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 01, 2023	9300575	Grant (prize money)	6574056	1342677	8659206	1249517
Oct 13, 2022	2464193	Grant (prize money)	8829548	2786689	3746394	Gov
Jan 01, 2022	8426604	Grant (prize money)	5161466	6460284	8778425	Europa

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View details of Danfoss's funding rounds and investors

The founders of Danfoss is Mads Jorgen Nohr Clausen.

Here are the details of Danfoss' key team members:

Mads Jorgen Nohr Clausen: Former Founder of Danfoss.
Contact Info: 1 email address

View details of Danfoss's Founder profiles and Board Members

Danfoss' employee count trend

Danfoss has 23,313 employees as of Apr 26. Here is Danfoss's employee count trend over the years:

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Top competitors of Danfoss include Emerson, Honeywell and Siemens. Here is the list of Top 10 competitors of Danfoss, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Emerson 1890, St. Louis (United States), Acquired	Provider of integrated control and monitoring systems	-	Blackstone, Seaside Private Capital & 6 others	80/100
2nd	Honeywell 1885, Charlotte (United States), Public	Manufacturer and supplier of diversified consumer electronics and industrial automation equipments	$1.13M	ngn-capital.com, Analah Ventures & 10 others	77/100
3rd	Siemens 1847, Munich (Germany), Public	Provider of industrial technology focused on digital infrastructure mobility and healthcare solutions	-	Bluefish Capital, The Philippines & 8 others	77/100
4th	Rockwell Automation 1903, Milwaukee (United States), Public	Provider of Industrial automation and information systems	-	IoT Evolution, OnRamp Insurance Conference	75/100
5th	Mitsubishielectric 1921, Germany, Public	Manufacturer of diverse electrical and electronic products, systems, and solutions	-	Gov.cz, Europa & 1 others	75/100
6th	Danfoss 1933, Nordborg (Denmark), Acquired	Manufacturer of solutions increasing machine productivity, reducing emissions, and lowering energy	$41.2M	Tesi, LahiTapiola & 7 others	74/100
7th	CG Power & Industrial Solutions 1937, Mumbai (India), Acquired	Manufacturer of Industrial and Consumer Electric Equipment	-	Temasek, L & T Finance Holdings & 5 others	74/100
8th	Schneider Electric 1836, Rueil malmaison (France), Public	Provider of energy management and automation services	-	ngn-capital.com, Temasek & 8 others	73/100
9th	myenergi 2016, Market Rasen (United Kingdom), Series C	Manufacturer of eco-smart home energy management and electric vehicle charging products	$36.8M	Energy Impact Partners, HSBC	71/100
10th	ABB 1883, Zurich (Switzerland), Public	Provider of electrification, automation, robotics, and power conversion technology	-	ngn-capital.com, GIC & 13 others	68/100

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Danfoss has made 5 investments in companies including Nelumbo and Nelumbo. Danfoss has also acquired 22 companies including Semikron Danfoss and Hydro Holding.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Mar 12, 2026	Acquisition	Semikron Danfoss	2022	Nuremberg (Germany)
Nov 04, 2025	Acquisition	Hydro Holding	2015	Carpignano Sesia (Italy)
Oct 01, 2025	Acquisition	Palladio Compressors	2020	Lonigo (Italy)