When was PolyTech founded?

PolyTech was founded in 1994 and raised its 1st funding round 21 years after it was founded.

Where is PolyTech located?

PolyTech is headquartered in Herning, Denmark.

Who is the current CEO of PolyTech?

Allan Jan Formann Kristensen of PolyTech.

How many employees does PolyTech have?

As of Sep 30, 2026, the latest employee count at PolyTech is 498.

Is PolyTech a funded company?

PolyTech is a funded company, having raised a total of $11.2M across 6 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Jan 01, 2015.

How much is PolyTech worth?

The latest valuation of PolyTech is $***** as of Nov 02, 2022.

When was the latest funding round of PolyTech?

PolyTech's latest funding was a $***** Unattributed round on Jan 12, 2023, with participation from 2 investors.

Where does PolyTech rank among its competitors?

PolyTech ranks 18th amongst 219 active competitors, of which 22 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Perceptual Robotics, which secured $5.33M in Jul, 2026.

Who are the top competitors of PolyTech?

PolyTech's top competitors include TPI Composites, Perceptual Robotics and Huisman. Among them, Perceptual Robotics secured the most recent funding round in July, 2026.

PolyTech - 2026 Company Profile, Team, Funding, Competitors & Financials

PolyTech is an early stage company based in Herning (Denmark), founded in 1994. It operates as a Provider of lightning protection, leading edge protection, and blade monitoring solutions. PolyTech has raised $11.2M in funding from FSN Capital and Verdane, with a current valuation of $*****. The company has 219 active competitors, including 22 funded and 27 that have exited. Its top competitors include companies like TPI Composites, Perceptual Robotics and Huisman.

Company Details

Provider of lightning protection, leading edge protection, and blade monitoring solutions. They offer transport tracking, subsea solutions, and blade performance upgrades. The company provides aftermarket services, testing, and validation. They focus on extending operational lifespan, maximizing yield, and ensuring high uptime. The company delivers manufacturing, service, and support for wind turbine projects.

Key Metrics

Founded Year

1994

Location

Herning, Denmark

Stage

Early Stage

Total Funding

$11.2M in 6 rounds

Latest Funding Round

Unattributed, Jan 12, 2023, $*****

Post Money Valuation

$***** as on Nov 02, 2022

Investors

FSN Capital & 4 more

Ranked

18^th among 219 active competitors

Employee Count

498 as on Sep 30, 2026

Investment & Acquisitions

Fos4X

Similar Companies

RTDT & 53 more

View PolyTech's full profile

PolyTech is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Euros BidCo AB CIN: 559282-5730 , Sweden, Active	Nov 11, 2020	-	-	-
Vc Viii Polytech Holding Aps CIN: 36459948 , Denmark, Active	Dec 10, 2014	-	39 (As on Nov 30, 2024)
Polytech A / S CIN: 17736590 , Denmark, Active	Apr 14, 1994	-	-

PolyTech has raised a total funding of $11.2M over 6 rounds. Its first funding round was on Jan 01, 2015. Its latest funding round was a Unattributed round on Jan 12, 2023 for $*****. 2 investors participated in its latest round. PolyTech has 5 institutional investors.

Here is the list of recent funding rounds of PolyTech:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 12, 2023	3820781	Unattributed	9655952	7525595	2173771	8005296
Nov 02, 2022	4854548	Unattributed	9355728	9799231	3957368	8471274
Jun 01, 2016	2436898	Grant (prize money)	8231204	1780739	8520238	Europa

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View details of PolyTech's funding rounds and investors

Here are the details of PolyTech's key team members:

Allan Jan Formann Kristensen: CEO of PolyTech.

PolyTech's Board of Directors

PolyTech's board has 2 active members. Bjarne Kveim Lie and Mads Kirkegaard are independent board members.

Here is the list of PolyTech's board of directors:

Name	Type	Representing	Status	Duration
Bjarne Kveim Lie	Independent board member	-	Current	7y 0m
ocnxqev	Independent board member	-	Current	9y 2m

View details of PolyTech's Founder profiles and Board Members

PolyTech's employee count trend

PolyTech has 498 employees as of Sep 26. Here is PolyTech's employee count trend over the years:

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Top competitors of PolyTech include TPI Composites, Perceptual Robotics and Huisman. Here is the list of Top 10 competitors of PolyTech, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	TPI Composites 1968, Scottsdale (United States), Public	Manufacturer of composite wind blades	$109M	GE Capital Canada, Element Partners & 14 others	63/100
2nd	Perceptual Robotics 2016, Bristol (United Kingdom), Series A	Provider of autonomous drone inspections and AI-driven data processing for turbines	$8.21M	OnePlanetCapital, L-Stone Capital & 55 others	60/100
3rd	Huisman 1929, Schiedam (Netherlands), Funding Raised	Provider of maintenance & installation services for wind turbines and other components	-	Ponooc, Europa	57/100
4th	Nabrawind 2015, Pamplona (Spain), Acquired	Technology for wind turbine design and development	$2.37M	InnoEnergy, EIC Fund & 4 others	57/100
5th	Elsewedy Electric 1938, Cairo (Egypt), Funding Raised	Manufacturer of wind turbine and other components	-	Samena Capital, FAB & 2 others	56/100
6th	Eologix-ping 2014, Graz (Austria), Seed	Smart sensor systems for blade health monitoring of wind turbines	$8.52M	Emerald Technology Ventures, Redstone & 9 others	54/100
7th	SkySpecs 2012, Ann Arbor (United States), Series D	Provider of UAVs solutions for inspection	$142M	Goldman Sachs, Underwriters Laboratories ... & 24 others	53/100
8th	Fos4X 2010, Munich (Germany), Acquired	Provider of IoT sensors	$12.5M	Equinor, UVC Partners & 8 others	53/100
9th	Clobotics 2016, Shanghai (China), Series A	Provides drone data management solutions	$83.9M	CMC Capital, Tiger Global Management & 10 others	51/100
10th	Auren Energy 1996, Pinheiros (Brazil), Public	Developer of hardware for the wind energy industry	-	Votorantim, CPP Investments	49/100
18th	PolyTech 1994, Herning (Denmark), Early Stage	Provider of lightning protection, leading edge protection, and blade monitoring solutions	$11.2M	LGT Capital Partners, FSN Capital & 3 others	43/100