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 Apr 30, 2026, the latest employee count at PolyTech is 462.

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 17th amongst 212 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 SkySpecs, which secured $20M in Mar, 2025.

Who are the top competitors of PolyTech?

PolyTech's top competitors include TPI Composites, Huisman and Nabrawind. Among them, SkySpecs secured the most recent funding round in March, 2025.

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 212 active competitors, including 22 funded and 26 that have exited. Its top competitors include companies like TPI Composites, Huisman and Nabrawind.

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

17^th among 212 active competitors

Employee Count

462 as on Apr 30, 2026

Investment & Acquisitions

Fos4X

Similar Companies

RTDT & 49 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	Documents
Polytech A / S CIN: 17736590 , Denmark, Active	Apr 14, 1994	-	-
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 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	2930260	Unattributed	6914168	8673973	8798521	3332504
Nov 02, 2022	5963431	Unattributed	1157903	2379139	5540872	2330060
Jun 01, 2016	4912168	Grant (prize money)	6227882	4815013	5606318	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	6y 10m
psnegca	Independent board member	-	Current	3y 3m

View details of PolyTech's Founder profiles and Board Members

PolyTech's employee count trend

PolyTech has 462 employees as of Apr 26. Here is PolyTech's employee count trend over the years:

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Top competitors of PolyTech include TPI Composites, Huisman and Nabrawind. 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	Huisman 1929, Schiedam (Netherlands), Funding Raised	Provider of maintenance & installation services for wind turbines and other components	-	Ponooc, Europa	58/100
3rd	Nabrawind 2015, Pamplona (Spain), Acquired	Technology for wind turbine design and development	$2.37M	EIT InnoEnergy, Fortescue & 4 others	57/100
4th	Elsewedy Electric 1938, Cairo (Egypt), Funding Raised	Manufacturer of wind turbine and other components	-	Samena Capital, FAB & 2 others	56/100
5th	Eologix-ping 2014, Graz (Austria), Seed	Smart sensor systems for blade health monitoring of wind turbines	$8.52M	Emerald Technology Ventures, Phoenix Contact Innovation Ventures ... & 8 others	53/100
6th	SkySpecs 2012, Ann Arbor (United States), Series D	Provider of UAVs solutions for inspection	$142M	Goldman Sachs, Underwriters Laboratories ... & 24 others	53/100
7th	Fos4X 2010, Munich (Germany), Acquired	Provider of IoT sensors	$12.5M	Equinor, Bayern Kapital & 8 others	53/100
8th	Clobotics 2016, Shanghai (China), Series A	Provides drone data management solutions	$83.9M	Tiger Global Management, KTB Network & 10 others	51/100
9th	DEIF 1933, Skive (Denmark), Unfunded	Manufacturer of intelligent energy control systems	-	-	50/100
10th	Perceptual Robotics 2016, Bristol (United Kingdom), Seed	Provider of autonomous drone inspections and AI-driven data processing for turbines	$3.6M	OnePlanetCapital, L-Stone Capital & 52 others	47/100
17th	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