Funded Startups in Aarhus
The 30 most recent funding rounds from Aarhus, Denmark span December 2021 through October 2025.
The 30 most recent funding rounds from Aarhus, Denmark span December 2021 through October 2025. Formalize, a legal and cybersecurity software company, leads recent activity with a $35M Series B closed October 28, 2025; Understory (hospitality) closed a $14M Series A just six weeks earlier. The disclosed amounts range from Question Base's $120K pre-seed in September 2023 to Danske Commodities' $3.7B energy-sector round in December 2022, the largest figure in the dataset by a wide margin.
Sector diversity is a consistent pattern: software and fintech appear throughout — Lunar's $77M Series D in 2022, Mazepay, Safty, Hakio, and Holdbar — while agriculture (Akson Robotics, Cordulus), biotech (Commit Biologics, Clutch Nutrition), and legal tech (Formalize, RightHub) each claim multiple entries. Seed and pre-seed rounds dominate transactions from 2023 onward, with Coana, Commit Biologics, and Akson Robotics among the more recent closings at those stages.
Most recent rounds
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Frequently asked
What are the largest disclosed rounds among Aarhus startups in this dataset?
Danske Commodities leads at $3.7B (energy, December 2022), followed by ViaBill at $120M (commerce, February 2022) and Lunar at $77M (financial services Series D, March 2022). Among 2023–2025 activity, Formalize's $35M Series B and RightHub's $15M seed stand out as the two largest.
Which sectors show the most funding activity among Aarhus startups?
Software has the highest count, with Hakio, Holdbar, PICit, and Scanmarket all raising rounds. Financial services contributes three entries — Lunar, Mazepay, and Impero — and commerce/shopping has three as well: Relewise, Wedio, and ViaBill. Agriculture, biotech, and legal tech each account for two companies.
What funding stages are most common in the Aarhus data?
Seed is the most frequent stage, represented by at least ten companies including RightHub, Mazepay, Landfolk, Hakio, and Holdbar. Pre-seed rounds appear five times — Coana, Relewise, UniHelper, Vokalo, and Question Base — making early-stage the dominant profile across the dataset.
How recent is the funding activity shown for Aarhus?
The most recent rounds closed in October 2025: Formalize's $35M Series B on October 28 and Akson Robotics' $470K seed on October 7. Activity is continuous through 2024 and 2023, with multiple rounds per year recorded across that span.
Which Aarhus companies have raised growth-stage rounds at Series B or later?
Lunar raised a Series D at $77M in March 2022, and ViaBill closed a $120M venture round in February 2022. Formalize is the only 2024–2025 entry at a confirmed Series B ($35M, October 2025). Scanmarket and Bright Star Studios received private equity, though Scanmarket's amount was undisclosed and Bright Star Studios reported only $100K.
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