About InQvation
InQvation is a venture capital firm founded in 2016. It is primarily based out of Copenhagen, Denmark. As of Feb 2021, InQvation has invested in 30 companies. It primarily invests in Seed round in Denmark based startups. Its investments are spread across a wide range of sectors from HealthTech to Enterprise Applications and Retail. Most recently it participated in the $***** Seed round of Spiio A lot of funds co-invest with InQvation, with names like Vaekstfonden sharing a substantial percentage of its portfolio. InQvation has team of 1 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
InQvation's List of Top Investments
InQvation has a portfolio of 30 companies. Their most notable investments are in Goodiebox and Suma Care.Their portfolio spans across Denmark, United States and Sweden. They have invested in HealthTech, Enterprise Applications, Retail and 17 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by InQvation:1. RADIOBOTICS
AI-powered fracture detection for expert, accessible, and timely musculoskeletal care. They provide AI-powered solutions for automatic trauma detection in emergency departments and radiology, aiming to ensure every patient receives expert-level care, every time. Their core product, RBfracture, supports both pediatric and adult cases, trained on data from numerous hospitals globally. They focus on fractures, dislocations, lipohemarthrosis, and effusions, striving for accuracy and speed in processing exams. The company's solutions integrate seamlessly into existing workflows, reducing missed fracture rates and improving patient outcomes. They are committed to innovation in medical imaging through Machine Learning & AI, offering software as a medical device (SaMD) that revolutionizes radiology. They also focus on carbon reduction and sustainability.
Key facts about RADIOBOTICS
- Founded Year: 2017
- Location: Denmark (United States)
- Stage: Seed
- Total Funding till date: $1.48M
- Employee Count: 35 as on May 31, 2026
- Investors: EIC Fund, Crista Galli Ventures and 6 Others
- Latest Funding Round: Grant (prize money), Jun 30, 2022, $*****
- Highlight: Editors' Pick
2. Passendo
Cloud-based E-mail advertising platform & ad server. The proprietary cross-device ad serving technology optimizes the ad campaigns based on eCPM, CTR, and conversion pixel. Offers real-time frequency capping, CRM retargeting, and real-time optimization. PArtnered with Adform, Telenor, Omnicom, Mail up, and others.
Key facts about Passendo
3. Goodiebox
Online retailer offering subscription-based multi-category beauty products. The product catalog includes night cream, comb, scalp massager, micellar water, and more. The platform offers products on a monthly subscription basis. The company claims its products are cruelty-free.
Key facts about Goodiebox
- Founded Year: 2012
- Location: Copenhagen (Denmark)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $23M
- Employee Count: 37 as on May 31, 2026
- Investors: Nordic Secondary Fund, Lind Invest and 6 Others
- Latest Funding Round: Series A, Mar 30, 2022, $*****
- Highlight: Editors' Pick
4. 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
5. Cortrium
Cortrium provides artificial intelligence and IoT-based ECG monitoring solution. It has as developed a device known as the C3 Holter Monitor which is used to continuously analyze ECG recordings and access CE-approved reports from Cardiomatics. The device is designed with a body surface temperature sensor that provides measurements of respiratory rate for automated recognition of non-critical irregular ECG patterns. The device has the capability to record three channels at a sample rate of 256 Hz and the data can be viewed using the Cortrium iOS app.
Key facts about Cortrium
InQvation's Year-on-Year Investment Trends
Its most recent first time investment was in Spiio.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 1 | 0 | 1 |
2020 | 0 | 0 | 0 |
2019 | 4 | 0 | 4 |
2018 | 1 | 0 | 1 |
2017 | 1 | 0 | 1 |
InQvation's Investments by Stage
InQvation has made 6 investments in Seed stage with an average round size of $1.63M and 1 investment in Series A stage with an average round size of $6.42M.Stage of entry | No. of Investments |
|---|---|
Seed | 6 |
Series A | 1 |
Note: We have considered here, only first round of investments
InQvation's Investments by Sector
InQvation has a diverse portfolio, with companies operating in the HealthTech, Consumer, Retail, Artificial Intelligence - Industry Applications and Consumer Goods. Notably, it has invested in 22 Tech companies, 17 Enterprise (B2B) companies, 12 Software companies and at least 9 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
HealthTech | 3 |
Consumer | 2 |
Retail | 2 |
Artificial Intelligence - Industry Applications | 1 |
Consumer Goods | 1 |
Others | 9 |
Note: We have considered here, only first round of investments
InQvation's Investments by Geography
InQvation has made most investments in Denmark (5), followed by United States where it has made 2 investments.Country | No. of Investments |
|---|---|
Denmark | 5 |
United States | 2 |
Note: We have considered here, only first round of investments
InQvation's recent investments
InQvation has not made any investment in 2026 so far.Here are the most recent investments by InQvation:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 05, 2021 | United States | Seed | 2540 | [+1] | |
Jun 07, 2019 | Denmark | Series A | 2386 | ||
May 15, 2019 | Denmark | Seed | 4002 | - | |
Mar 28, 2019 | Denmark | Seed | 1301 | - | |
Jan 25, 2019 | United States | Seed | 7245 |
Team profile of InQvation
InQvation has a team of 1 member located in Denmark. InQvation's team does not sit on the board of any company as of now.Co-investors of InQvation
Over the past 9 years, 23 investors have co-invested in InQvation's portfolio companies. This includes funds and angels.
- Invested before InQvation: EIC Fund, Sealand Capital and 6 others have invested in rounds before InQvation. There is 1 company where EIC Fund has invested before InQvation and 1 company where Sealand Capital has invested before InQvation.
- Top Co-investors of InQvation: 6 investors entered a company along with InQvation. These include investors like Vaekstfonden (2 companies).
- Invested after InQvation: A total of 9 investors have invested in InQvation's portfolio after their investments. Top Investors include EIC Fund (1 company), EIT Health (1 company) and Europa (1 company).
Recent News related to InQvation
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Spiio secures $1.6M in fundingLandscape Management•Feb 08, 2021•Spiio, Vaekstfonden, InQvation, Byfounders
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Copenhagen-based Goodiebox raises €5.7 million to accelerate its European expansionEU-Startups•Jun 07, 2019•THG, Goodiebox, InQvation, Vaekstfonden and 1 other
