About Accelerace
Accelerace is a venture capital firm founded in 2008. It is primarily based out of Copenhagen, Denmark. As of Nov 2024, Accelerace has invested in 98 companies. It primarily invests in Seed round in Denmark based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Seed round of Omics Studio Overall, Accelerace portfolio has seen 3 IPOs and 13 acquisitions including key companies like Donkey Republic, Onomondo and Coinify. A lot of funds co-invest with Accelerace, with names like Seed Capital sharing a substantial percentage of its portfolio. Accelerace has team of 7 people including 4 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed & Series A
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Accelerace's List of Top Investments
Accelerace has a portfolio of 98 companies. Their most notable investments are in Goods Delivery and DOJO Interactive.Their portfolio spans across Denmark, Italy, United Kingdom and 10 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 25 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Accelerace:
Operator of a bike-sharing service providing short-term bicycle rentals. The company offers a mobile application to locate and unlock available bicycles. The bicycles can be picked up and dropped off at designated locations. The service aims to provide a flexible and sustainable transportation option.
Key facts about Donkey Republic
- Founded Year: 2012
- Location: Copenhagen (Denmark)
- Stage: Public
- Total Funding till date: $1.02B
- Employee Count: 150 as on Sep 30, 2026
- Investors: Nordic Makers, Danmarks Eksport og Investeringsfond and 12 Others
- Latest Funding Round: Post IPO, Apr 08, 2024, $*****
- Highlight: Public
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2. Freetrailer
Key facts about Freetrailer
- Founded Year: 2004
- Location: Copenhagen (Denmark)
- Annual Revenue: $10M - $50M as on Jun 30, 2022
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $1.62M
- Employee Count: 89 as on Sep 30, 2026
- Investors: Gemstone Capital, Accelerace and 2 Others
- Latest Funding Round: Seed, May 31, 2022, $*****
3. Onomondo
Mobile routing technology offering IoT SIM card. Its routing technology and SIM platform can be integrated into the existing network technologies. The platform merges different mobile networks and creates one international home network. It supports the mobile operators, MVNOs to cut roaming costs and offer innovative products to their end customers leading to increased ARPUs. It also has applications in the IoT or M2M space.
Key facts about Onomondo
- Founded Year: 2012
- Location: Copenhagen (Denmark)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $145M
- Employee Count: 111 as on Sep 30, 2026
- Investors: Maersk Growth, Danmarks Eksport og Investeringsfond and 12 Others
- Latest Funding Round: Series B, Sep 30, 2026, $*****
- Highlight: Acquired
4. Coinify
Coinify provides a crypto-based payment solution for consumers and businesses. It provides a solution that enables businesses to accept virtual currency payments. It offers a solution for card issuers and wallets that accept user top-ups from multiple virtual currencies via API integration. Also offers virtual currency trading solutions for wallet partners and a solution for sending invoices & accepting payments in virtual currencies.
Key facts about Coinify
5. Penneo
Digital signature and document management software. It helps businesses to digitize and automate document-based processes. It enables users to send documents for digital signature to multiple signers in a particular order, and all parties sign the documents digitally with eID from anywhere and on any device.
Key facts about Penneo
Accelerace's Year-on-Year Investment Trends
Accelerace has invested in 98 companies over the last 17 years, with an average of 4 new investments annually in the last 10 years. Its most recent first time investment was in Omics Studio and most recent follow-on round was in IDUN audio.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 2 | 0 | 2 |
2023 | 7 | 0 | 7 |
2022 | 13 | 1 | 14 |
2021 | 8 | 0 | 8 |
2020 | 3 | 0 | 3 |
2019 | 4 | 0 | 4 |
Accelerace's Investments by Stage
Accelerace has made 83 investments in Seed stage with an average round size of $203K and 1 investment in Series A stage with an average round size of $110K.Stage of entry | No. of Investments |
|---|---|
Seed | 83 |
Series A | 1 |
Note: We have considered here, only first round of investments
Accelerace's Investments by Sector
Accelerace has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, Retail and Sustainability Tech. Notably, it has invested in 72 Tech companies, 54 Enterprise (B2B) companies, 48 Software companies and at least 37 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 30 |
Consumer | 16 |
High Tech | 11 |
Retail | 9 |
Sustainability Tech | 9 |
Others | 86 |
Note: We have considered here, only first round of investments
Accelerace's Investments by Geography
Accelerace has made most investments in Denmark (67), followed by United Kingdom where it has made 4 investments.Country | No. of Investments |
|---|---|
Denmark | 67 |
United Kingdom | 4 |
Italy | 2 |
China | 1 |
Finland | 1 |
Others | 9 |
Note: We have considered here, only first round of investments
Accelerace's recent investments
Accelerace has not made any investment in 2026 so far.Here are the most recent investments by Accelerace:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 2024 | Denmark | Seed | 2552 | - | |
Jan 30, 2024 | Denmark | Seed | 9258 | - | |
Oct 26, 2023 | Finland | Seed | 1865 | [+1] | |
Aug 29, 2023 | Denmark | Seed | 2840 | [+3] | |
Aug 09, 2023 | Denmark | Seed | 4736 |
IPOs and Publicly Listed companies in Accelerace's Portfolio
3 of Accelerace's portfolio companies have become public. Donkey Republic got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in May 2021.Here are Accelerace's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 28, 2021 | Jan 2016 | Series A | 4930 | |
- | 2012 | Seed | 3048 | |
- | 2015 | Seed | 9230 |
Acquired companies in Accelerace's Portfolio
13 companies from Accelerace's portfolio have been acquired. The most recent acquisition was Onomondo in Sep 2026 by Aspirity Partners for $*****.Here are Accelerace's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 30, 2026 | Apr 28, 2014 | Seed | 4899 | |
Sep 12, 2025 | Jan 23, 2019 | Seed | 8777 | |
Dec 02, 2024 | Jun 18, 2014 | Seed | 6124 | |
Jan 24, 2024 | 2014 | Seed | 5263 | |
Sep 20, 2022 | Jun 06, 2013 | Seed | 5234 |
Team profile of Accelerace
Accelerace has a team of 7 members including 4 Partners located in Denmark and Latvia. Accelerace's team sits on the board of 2 companies.Here is a list of all team members in Accelerace:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Riga | - | ||
Partner | Denmark | - | ||
Partner | Denmark | - | ||
Partner | Copenhagen | - |
Co-investors of Accelerace
Over the past 17 years, 74 investors have co-invested in Accelerace's portfolio companies. This includes funds and angels.
- Invested before Accelerace: PreSeed Ventures, Vaekstfonden and 6 others have invested in rounds before Accelerace. There are 2 companies where PreSeed Ventures has invested before Accelerace and 2 companies where Vaekstfonden has invested before Accelerace.
- Top Co-investors of Accelerace: 15 investors entered a company along with Accelerace. These include investors like Seed Capital (1 company).
- Invested after Accelerace: A total of 51 investors have invested in Accelerace's portfolio after their investments. Top Investors include Vaekstfonden (5 companies), EIC Fund (3 companies) and Europa (3 companies).
Recent News related to Accelerace
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Finnish startup secures €330K pre-seed funding to tackle organizational knowledge fragmentation with cutting-edge AIArcticStartup•Oct 26, 2023•Wudpecker Company, Trind VC, Accelerace, Sofokus
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Latvian agritech WeedBot raises €425k in a round led by Overkill VenturesAIN.Capital•May 12, 2023•Weed Bot Europe, Overkill Ventures, Accelerace, LatBAN
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AVAtronics secures CHF 1.6 millionStartupticker•Apr 15, 2020•Zurcher Kantonalbank, Investiere, GoBeyond, Accelerace
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Tetra Pak opens doors to startups in conjunction with AcceleraceFFOODS Spectrum•Jul 09, 2019•Tetra Pak, Accelerace
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Coinify Receives Multi-Million Investment and Becomes Leading European Digital Currency Platform Through AcquisitionsCoinify•Sep 25, 2014•Coinify, Seed Capital, Accelerace
