Aarhus hosts a diverse startup scene with major players across several key industries. The city's business landscape features a mix of financial technology, energy trading, and software companies.
Leading the pack are companies like the digital bank Lunar, which has raised over $513 million. The energy trading house Danske Commodities also shows the area's financial strength with its €3.5 billion in funding.
Below is our list of 53 Aarhus startups worth keeping an eye on.
Failory's Top 10 Picks
Tool
Fundraising OS
Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.
Buy It For $97 $297 →Sheet
2,189 Accelerators & Incubators
Information about the industries, countries, and cities they generally invest in.
Get the Sheet for $50Sheet
1,600+ Unicorns
Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50Sheet
250 BioTech & Health Investors
List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Sheet
250 AI Investors
List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Sheet
250 Fintech Investors
List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Lunar built a digital bank that gives people in the Nordics a mobile app to control their personal finances. Their platform combines everyday banking services with tools for investing, loans, and insurance.
| Year Founded | 2015 |
| Founders | Ken Villum Klausen, Peter Andreasen |
| Funding Amount | $513.7M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Seed Capital, Tencent, Kinnevik, Fuel Venture Capital, Socii Capital |
Vestas designs, manufactures, installs, and services wind turbines for the global energy market. As a key player in the renewable energy sector, the company dedicates its efforts exclusively to developing wind power technology and projects.
| Year Founded | 1898 |
| Founders | Peder Hansen |
| Funding Amount | $487.5M |
| Startup Size | Enterprise Organization (5,001+) |
| Last Funding Status | Grant |
| Top Investors | European Investment Bank, Australian Renewable Energy Agency, The Energy Technology Development and Demonstration Programme |
Formalize builds a comprehensive platform that simplifies compliance operations for businesses. Their software helps teams navigate complex security and legal standards through a single, intuitive interface.
| Year Founded | 2021 |
| Founders | — |
| Funding Amount | $20M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series A |
| Top Investors | BlackFin Capital Partners, West Hill Capital, Morten Brogger |
ViaBill builds a "buy now, pay later" payment solution that helps e-commerce merchants increase sales and average order value. Their platform gives shoppers a flexible way to pay over time through simple, interest-free installments at checkout.
| Year Founded | 2010 |
| Founders | Jan Lytje-Hansen |
| Funding Amount | $177.3M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | Headline, Fasanara Capital, BlackFin Capital Partners |
Understory builds an all-in-one platform for modern travel companies like tour operators and agencies. Their software helps these businesses create, sell, and operate unique travel experiences.
| Year Founded | 2023 |
| Founders | Lars Daniel Blom Rasmussen, Lasse Kjær |
| Funding Amount | €18.6M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series A |
| Top Investors | Seed Capital, Firstminute Capital, Smedvig Ventures, sequel, People Ventures |
Anyday builds a preferred checkout solution that helps e-commerce businesses create a better shopping experience for their customers. The platform is designed to streamline the payment process, making it simpler and more enjoyable for online shoppers.
| Year Founded | 2020 |
| Founders | Christopher Mosses, Jonas Overgaard, Kenneth Ahlquist |
| Funding Amount | €4M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Seed |
| Top Investors | Inventure |
Partisia has built a Web3 public blockchain that uses Multi-Party Computation (MPC) to enable secure and private computations on data. The platform functions as an interoperable network, connecting different blockchains to facilitate unified smart contract deployment across Web3.
| Year Founded | 2018 |
| Founders | Claudio Orlandi, Ivan Damgard, Jakob Pagter, Jesper Buus Nielsen, Kurt Nielsen |
| Funding Amount | DKK14.7M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Grant |
| Top Investors | — |
Commit Biologics has created a platform to develop a new class of bispecific antibodies for cancer immunotherapy. These antibodies are designed to activate the immune system specifically at the tumor site, aiming to create safer and more effective treatments.
| Year Founded | 2021 |
| Founders | Dennis Pedersen, Heidi Gytz Olesen, Mikael Winkler, Nick S. Larsen |
| Funding Amount | €23.7M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Seed |
| Top Investors | Novo Holdings, Korys, Bioqube Ventures, Innovation Fund Denmark, BioInnovation Institute |
Cercare Medical develops AI-powered software that helps clinicians assess strokes and cardiac failures. Their perfusion imaging technology provides rapid and user-friendly decision support for medical professionals.
| Year Founded | 2013 |
| Founders | Kim Mouridsen, Mikkel Bo Hansen |
| Funding Amount | €7.5M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Venture Round |
| Top Investors | Seed Capital, EASME, West Hill Capital |
Danske Commodities provides energy trading services with a specialization in short-term power and gas markets. Their team connects producers and suppliers to wholesale energy markets by offering balancing, optimization, and hedging solutions.
| Year Founded | 2004 |
| Founders | Henrik Lind |
| Funding Amount | €3.5B |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Corporate Round |
| Top Investors | Equinor |
43 Additional Aarhus Startups Worth Following
The top 10 are just the beginning of the story in Aarhus. Founders across the city are tackling problems in a wide range of fields, from enterprise software to biotech.
Together, these companies have raised over €150 million to bring their ideas to life. Here’s a look at the other startups shaping the city's ecosystem.