A unicorn is a startup marked at USD 1 Billion or more. These are highly innovative and market disruptive startups. Denmark has more than 24.5K+ startups. Of these, 3 have become Unicorns, with the latest entrant to the club being Lunar on Jul 29, 2021. In 2026, Denmark has seen no new unicorn startups.
Globally, Denmark is number 35 in terms of total Unicorns created, behind Cayman Islands (3 unicorns) at rank 34 and Belgium (3 unicorns) at rank 33. Copenhagen leads the list of cities in Denmark with most unicorns at 2. It is followed by Aarhus (1 unicorn). Among sectors, FinTech has seen the most unicorns created at 3, followed by Enterprise Applications at 2, and Financial Services at 1
Here is a list of all 3 unicorns created in Denmark:
3. Lunar
Lunar joined the Unicorn Club on Jul 29, 2021
Digital banking platform offering personal and business accounts, cards, savings, investing, and budgeting tools. It offers multiple account tiers, including free and premium plans, with features such as digital and physical debit cards, budgeting tools, automatic savings, and real-time spending insights. Users can also benefit from international payment capabilities, travel-friendly card usage, and competitive exchange rates depending on their plan. It integrates investing in stocks, ETFs, and crypto through dedicated modules, enabling users to build and manage portfolios within the same ecosystem.
Key facts about Lunar
- Founded Year: 2015
- Location: Aarhus (Denmark)
- Stage: Series D
- Primary Sector: Banking Tech
- Time to Unicorn: 6 years 6 months
- Top investors : Inbox Capital, Kinnevik
- Valuation: $*****
- Total Funding till date: $649M
- Employee Count: 614 as on Jun 30, 2026
- Latest Funding Round: Series D, Jan 27, 2026, $*****
2. Pleo
Pleo joined the Unicorn Club on Jun 29, 2021 after raising a $150M Series C funding round led by Bain Capital Ventures, Thrive Capital, valuing it at $1.52B.
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
- Founded Year: 2015
- Location: Copenhagen (Denmark)
- Stage: Series C
- Primary Sector: Finance & Accounting Tech, Payments and Online Travel
- Time to Unicorn: 6 years 5 months
- Top investors : Kinnevik, Creandum
- Annual Revenue: $50M - $100M as on Dec 31, 2023
- Valuation: $*****
- Total Funding till date: $434M
- Employee Count: 944 as on Jun 30, 2026
- Latest Funding Round: Conventional Debt, May 02, 2024, $*****
1. Tradeshift
Tradeshift joined the Unicorn Club on May 29, 2018 after raising a $250M Series E funding round led by Goldman Sachs, PSP Investments, valuing it at $1.1B.
Provider of cloud platform for e-invoicing, AP automation, and global compliance. The platform automates accounts payable, e-invoicing, compliance, and clearance for buyers and suppliers. It helps businesses digitise and automate digital processes. The platform connects businesses on a single cloud-based network.
Key facts about Tradeshift
- Founded Year: 2010
- Location: San Francisco (United States)
- Stage: Series G
- Primary Sector: B2B E-Commerce, Alternative Lending, SCM Software and Finance & Accounting Tech
- Time to Unicorn: 8 years 4 months
- Top investors : Avitas Capital, Alpha Square Group
- Valuation: $*****
- Total Funding till date: $1.24B
- Employee Count: 349 as on Jun 30, 2026
- Latest Funding Round: Series G, Aug 01, 2023, $*****
