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Countless startups are being launched every day in Denmark.
Many fail because they did not learn from the success of other companies who've managed to rise above.
We just published this list of 4 failed startups from Denmark with analyses on why they shut down, and interviews with their founders.
Information about the industries, stages and countries they generally invest in.
Get the Sheet for $50
Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50
Admazely offered retargeting tools for businesses. They shut down in 2013 when they ran short on financing and didn't figure out how to secure more cash.
Details of the startup:
Founders:
David Björklund, Peter Vilsholm Therkildsen, Sylwia Erhardt-Bednarska, Søren Holbech Nielsen
Country:
Denmark
Industry:
Marketing
Started in:
2011
Closed in:
2013
Nº of employees:
1-10
Funding Amount:
< $1M
Specific cause of failure:
Lack of Funds
You can read more about their failure here.
Sharinger was a marketplace for musicians to rent their instruments. They focused on a market that was too small and the business model was unsustainable.
Details of the startup:
Founders:
Mircea Gabriel Eftemie
Country:
Denmark
Industry:
Music
Started in:
2014
Closed in:
2015
Nº of employees:
1-10
Funding Amount:
< $1M
Specific cause of failure:
Multiple Reasons
You can read more about their failure here.
Shipbeat was an API to help e-commerces. When Shipbeat expanded its logistic services in other market areas, they had some big difficulties and shut down.
Details of the startup:
Founders:
Joachim Rørbøl, Kenneth Svenningse
Country:
Denmark
Industry:
e-Commerce
Started in:
2014
Closed in:
2016
Nº of employees:
10-50
Funding Amount:
$1M-$10M
Specific cause of failure:
Multiple Reasons
You can read more about their failure here.
Holger Sindbaek is the founder of Habitual, a habit-tracking app that was initially created since Holger could not find an app that could suit his habit-tracking needs after reading Atomic Habits book. With other successful apps under his belt like a Solitaire card game played by 3M people per month, it seems like he has the knack of making startups fly. So what went wrong with Habitual? Discover it in this interview.
Details of the startup:
Founder:
Holger Sindbaek
Country:
Denmark
Industry:
Productivity
Started in:
2019
Closed in:
2021
Funding Amount:
$0
Specific cause of failure:
Bad Marketing
You can read more about their failure here.
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