The Bright Danish Startup Culture: Music, Digital Health, Cryptocurrency, and More
November 24th, 2016
Denmark is home to a number of popular startups such as Zendesk, Tradeshift, Podio and many other. According to Forbes’ ranking of the business environment, Denmark topped the list. Copenhagen, the capital of the country, is the 9th best country in Europe in regards to entrepreneurship.
In the past two years, several promising Danish startups have entered the market, operating in the fields of Internet of Things, digital health, and data analysis. Several also operate in cryptocurrency and investment areas. Here are the top 8 startups from Denmark.
MusicSense is an innovative application for listening to streaming music that was founded in 2014. The app’s intelligent algorithm assesses and studies the musical tastes of users and creates playlists according to the data collected.
Over 40,000 radio stations around the world were analyzed, providing customers the product that fits their tastes best. Another criteria for music choice is user’s location and preferred language.
The startup authors plan to introduce an opportunity to subscribe to the service. At the moment, their main competitors are Spotify and Apple Music as well as other music startups. But the startup owners are confident that their intelligent algorithm with AI elements will be highly appreciated by the users.
Social investment platform called Capdesk was founded last year, in 2015. Its global goal is to give everyone the opportunity to invest in small and medium businesses. The startup founders help businesses to raise money for their ideas, using the crowdfunding principles.
Shareholding made simple. // Capdesk
The target audience of Capdesk is representatives of small and medium-sized businesses as well as companies that are not trading on the stock exchange.
Companies create their online profiles on the website and tell about their project, while investors are welcome to create their profiles to find businesses to invest in. Using the Capdesk tools, it is also easy to track how the business operates and develops.
There are several interesting startups from Denmark that are operating in the segment of the Internet of Things. One of them is called Vaavud.
The startup authors have developed a smartphone-compatible anemometer, a gadget that can measure wind speed.
The anemometer connects to the smartphone through the headphone jack (you’ll have to use an adapter if you’ve got the latest iPhone 7, that, sadly, has no jack). Using two magnets, it creates a magnetic field, the smartphone receives the signal, processes the data, and then “translates” it into wind speed indicators.
The target audience for such a device is, first of all, windsurfers, paragliders, sailors, or drone developers, as well as other categories of people.
At the junction of two technologies - the Internet of Things and digital health - we find Cortrium.
The creators of this startup have developed a low-cost wearable sensor that can measure human body vitals and activity. Possible trackable options include ECG, body temperature, the frequency of wearer’s breathing and heart rate, as well as the level of physical activity or incorrect posture.
The data recorded by the device can be stored in the cloud, where physicians can get access to it and work with the information further.
The developers are working hard on a new version of the Cortrium that will receive additional sensors - blood oxygen saturation and blood pressure.
Linkfire company was founded in 2014, and its audience is music lovers, regardless of the way they prefer to listen to music. Copenhagen startup combines artists, albums, tracks, playlists, and listeners into one environment, no matter what device and platform they use.
We help create intelligent links that route fans to the music they love, in the apps they love. // Linkfire
Due to this smart marketing move (and automatized, as well), music industry advertisers do not have to separate their offers by channels, for example, by providing iTunes users with a link to Spotify.
Startuptravels is a tourist platform, which allows users to find and communicate with local entrepreneurs and professionals while traveling. Headquartered in Copenhagen and founded in October 2014, the startup creators call their resource a social service for travelers.
Using Startuptravels, anyone can find a place to live, work, and even to organize a meeting at a cafe. At the moment, there are several thousand active users from over 160 countries already using the platform.
Coinify is a Danish company that helps businesses get started with cryptocurrency and promotes the idea of such exchanges in the business environment.
The startup provides blockchain payment processing for payment service providers and businesses. They also offer individuals an easy way to buy and sell bitcoin via exchange services on the Coinify platform.
Swedish bank SEB (Skandinaviska Enskilda Banken) recently became the co-owner of the startup, which shows the interest of the major financial institutions in the area of cryptocurrency and blockchain technologies as a whole.
Want to find out the information about the wine you’re about to get? Vivino startup is a developer of the smartphone app that scans the wine bottle labels and wine cards to tell the user all the data about the drink.
Vivino app is a library with millions of wine brands and options. By searching through the database, the user can get the detailed information about the wine, reviews from other users, as well as the average price per bottle - everything you need to make the right choice.
The app also saves the entire history of searches and wine reviews, so the user can easily recall the varieties s/he tried. Furthermore, the user can also add new information about the wine if it is not in the database.
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