EIFO has published their yearly venture report for 2023.
Key takeaways include:
- Growth in the Danish venture market: The Danish venture market experienced significant growth in 2023 with investments totaling DKK 8.8 billion spread across 122 investment rounds, a 24 percent increase compared to 2022.
- Remarkable growth in Life Science: The life science sector, particularly the biotech segment, took the spotlight in 2023 with remarkable growth, dominating the Danish market.
- Focus on AI investment: Investments in companies focusing on artificial intelligence exceeded DKK 1 billion in 2023. These investments were particularly aimed at sectors such as healthtech, SaaS/platform software, and related areas.
- Rise in green investments: There was a significant increase in investments in green companies, with a total of DKK 1,4 billion in 2023, although the total invested amount was slightly lower than 2022. Green investments constituted a significant portion of the total invested amount in 2023.
- Stronger Danish investors: Danish investors played a larger role in the Danish venture market in 2023, participating in 78 percent of all investment rounds, an increase from 71 percent in 2022.
- Dry powder remains available: Despite a decline in global fundraising activity, the amount of available capital in venture funds increased in 2023. This indicates continued strong interest in new investments despite economic uncertainty.
Read the full report (in Danish) here.
