How many total HR SaaS companies are there in Denmark?

As of January 2026, Denmark has 151 active HR SaaS companies.

How many HR SaaS companies in Denmark are funded?

As of January 2026, 45 companies have received funding in this sector.

What is the total funding raised by HR SaaS companies in Denmark?

HR SaaS companies in Denmark have collectively raised $791M in funding till date.

Who are the top investors in HR SaaS companies in Denmark?

The top investors in HR SaaS companies in Denmark by number of investments are Everywhere and Vaekstfonden.

Which is the highest funded HR SaaS company in Denmark?

As of January 2026, Pleo has raised $434M in funding, highest among the funded HR SaaS companies in Denmark.

How many HR SaaS unicorns are there in Denmark?

Denmark has produced one unicorn in the HR SaaS sector till date.

HR SaaS in Denmark - 2026 Market & Investments Trends

The HR SaaS sector in Denmark comprises 184 companies, including 45 funded companies having collectively raised $791M in venture capital money and private equity. Out of these, 18 are Series A+ funded, and 1 has achieved unicorn status.

HR SaaS sector in Denmark has seen 13 acquisitions and 1 IPO. This represents almost 7.6% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.

This sector includes companies offering cloud-based solutions for HR professionals to manage their employees and day to day work.

Companies included in HR SaaS

Cloud-based HRMS, Payroll, Employee Engagement, Job Boards, Marketplaces, Performance Management Tools, other HR-related software

Companies excluded in HR SaaS

Non-Cloud-based HR Solutions, Generic Cloud Infra Solution, Services Companies

Key Metrics

Total Companies

184

Top Companies

Pleo, Planday & more

Total Funding

$791M

Funded Companies

Series A+ Companies

Series C+ Companies

Unicorns Created

IPOs

Acquisitions

View complete details of this sector

There are more than 184 companies in HR SaaS in Denmark. Pleo is the top HR SaaS company in Denmark, ranked using Tracxn Score (what's this?).

Here are 5 of the top HR SaaS companies in Denmark:

Company	Description	Location	Founded	Current Stage	Private Funding Raised
Pleo	SaaS-based provider of expense management solutions for business travel	Copenhagen (Denmark)	2015	Series C	$434M
Planday	Workforce Scheduling & HR solution provider	Copenhagen (Denmark)	2004	Acquired	$73.1M
Peakon	SaaS-based analytics platform for employee engagement and retention	London (United Kingdom)	2015	Acquired	$117M
eloomi	LMS and performance management solution provider	Copenhagen (Denmark)	2015	Acquired	$78M
Actimo	Cloud-based remote team collaboration management software provider	Copenhagen (Denmark)	2012	Acquired	$8.58M

Get a longer list of companies

Companies founded year-on-year in the HR SaaS sector in Denmark

16 HR SaaS startups in Denmark were founded in 2019 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No. of companies
2026	-
2025	2
2024	1
2023	9
2022	5
2021	7
2020	13
2019	16
2018	14
2017	15

Stage-wise distribution of HR SaaS sector companies in Denmark

Out of the total 184 HR SaaS companies in Denmark, 45 have secured funding. Among them, 18 have reached Series A or higher, and 16 to Series B or beyond.

Founded - 184

Funded - 45

Series A+ - 18

Series B+ - 16

Series C+ - 16

Company Stage	No. of companies
Founded	184
Funded	45
Series A+	18
Series B+	16
Series C+	16

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Total funding year-on-year in the HR SaaS sector in Denmark

The HR SaaS sector in Denmark saw a total funding of more than $760M in the last 10 years. The most amount of funding was in 2021 at more than $408M.

Total Funding

Year	Total Funding
2025	$4.66M
2024	$47.4M
2023	$3.21M
2022	$882K
2021	$408M
2020	$15.6M
2019	$119M
2018	$119M
2017	$18.1M

Recent Funding Rounds in HR SaaS in Denmark

In the year 2025, till July 2025, HR SaaS companies in Denmark have raised $4.66M in equity funding across 1 round. In the same period last year (i.e. till June 2024), HR SaaS companies in Denmark had raised $1.49M across 2 rounds. So, 2025 has seen a 212.58% rise in funding in HR SaaS companies in Denmark as compared to 2024.

Here are some recent, important funding rounds in HR SaaS companies in Denmark:

Company	Round Raised	Amount Raised	Funding Date	Investors
Kiku	Seed	9279	Jul 16, 2025	Cherry Ventures and 3 more
Kiku	Angel	6679	Dec 17, 2024	Fredrik Hjelm and 5 more
CoCoach	Seed	8414	Oct 11, 2024	Zenith Group and 3 more
Wolfpack	Seed	8046	Sep 23, 2024	-
ProMark	PE	8018	Jun 28, 2024	Fortino Capital

See a more detailed list of funding rounds

Everywhere is the top investor in HR SaaS companies in Denmark based on number of companies invested.

Here are some top investors in HR SaaS companies in Denmark:

Investor	Location	Top Portfolio Companies
Everywhere	New York City (United States)	-
Vaekstfonden	Copenhagen (Denmark)	Pleo, eloomi, Valuebeat and Plecto
EQT	Stockholm (Sweden)	Peakon
Connect Ventures	London (United Kingdom)	-
Heartcore Capital	Copenhagen (Denmark)	Peakon

See a more detailed list of investors

In the year 2024, till January 2024, 1 acquisition happened in HR SaaS sector in Denmark. Last year, in 2023, a total of 2 acquisitions happened in HR SaaS sector in Denmark.

Here are some recent, important acquisitions in HR SaaS sector in Denmark:

Company	Acquisition Type	Acquisition Date	Acquirers
eloomi	Business Acquisition	Jan 18, 2024	Dayforce
Eduflow	Business Acquisition	May 22, 2023	Multiverse
GoLearn.dk	Business Acquisition	Jan 12, 2023	Eduhouse
TimePlan Software	Business Acquisition	Nov 21, 2022	Main Capital Partners
Intempus	Business Acquisition	May 05, 2022	Visma

See a more detailed list of acquisitions

Acquisition trends in HR SaaS sector in Denmark

Here are the acquisition trends in HR SaaS sector in Denmark:

Total Number of Acquisitions

Year	No. of companies
2026	-
2025	-
2024	1
2023	2
2022	3
2021	4
2020	1
2019	1
2018	-
2017	1

Companies founded by alumni from top colleges in the HR SaaS in Denmark

Most number of HR SaaS startups in Denmark have been founded by alumni from Copenhagen Business School, KTH Royal Institute of Technology and London Business School (LBS).

College	No. of companies
Copenhagen Business School	1
KTH Royal Institute of Technology	1
London Business School (LBS)	1
National University of Singapore (NUS)	1
University of California (Berkeley)	1

Total funding in HR SaaS companies founded by alumni from top colleges in Denmark

In the last 10 years, Copenhagen Business School and National University of Singapore (NUS) graduates' HR SaaS companies in Denmark have raised the most funding among top colleges, and University of California (Berkeley) alumni are third.

College	Total Funding
Copenhagen Business School	$1.76M
National University of Singapore (NUS)	$1.76M
University of California (Berkeley)	$118K
KTH Royal Institute of Technology	-
London Business School (LBS)	-