About Accelerace
Accelerace is a venture capital firm founded in 2008. It is primarily based out of Copenhagen, Denmark. As of Nov 2024, Accelerace is an active investor, having invested in 96 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in Denmark based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it led the Undisclosed Seed round of Tinyfarm.
Overall, Accelerace portfolio has seen 2 IPOs and 12 acquisitions including key companies like Donkey Republic, Penneo and Coinify. A lot of funds co-invest with Accelerace, with names like Seed Capital sharing a substantial percentage of its portfolio.
Accelerace has team of 18 people including 8 partners.
Key Metrics
Team Members
, &
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed & Series A
Portfolio IPOs
Portfolio Soonicorns
Deals in last 12 months
Accelerace's List of Top Investments
Accelerace has a portfolio of 96 companies. Their most notable investments are in AVAtronics and Leagues.gg.Their portfolio spans across Denmark, Italy, United KingdomÌýand 10 more locations. They have invested in Enterprise Applications, High Tech, ConsumerÌýand 26 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Accelerace:
Donkey Republic is an app-based platform for bicycle rental. Users can book a bike online and unlock it from phone. It primarily serves Copenhagen. Bicycle rental operators can list and join DonkeyRepublic as partners. The rented bike are fitted with a digital lock that can be unlocked with an offline phone. The bike has to be returned to the same rental hub it was picked up from. The mobile app is available for both Android and iOS devices.
Key facts about Donkey Republic
- Founded Year: 2012
- Location: Copenhagen (Denmark)
- Stage: Public
- Total Funding till date: $1.02B
- Employee Count: 88 as on Nov 30, 2024
- Investors: Vaekstfonden, Nordic Makers and 12 Others
- Latest Funding Round: Post IPO, Apr 08, 2024, $3.25M
- Highlight: Public
2. Penneo
Digital signature and document management software. It helps businesses to digitize and automate document-based processes. It enables users to send documents for digital signature to multiple signers in a particular order, and all parties sign the documents digitally with eID from anywhere and on any device.
Key facts about Penneo
- Founded Year: 2012
- Location: Gribskov (Denmark)
- Last Known Valuation: $21.4M as on Sep 14, 2021
- Stage: Acquired
- Total Funding till date: $11.1M
- Employee Count: 54 as on Dec 31, 2020
- Investors: Viking Venture, Seed Capital and 8 Others
- Latest Funding Round: Seed, Sep 13, 2021, $1.55M
- Highlight: Acquired
3.
Key facts about Freetrailer
- Founded Year: 2004
- Location: Copenhagen (Denmark)
- Annual Revenue: 75.1M DKK as on Jun 30, 2022
- Valuation: $3.14M as on May 31, 2022
- Stage: Seed
- Total Funding till date: $1.62M
- Employee Count: 72 as on Jun 30, 2022
- Investors: Accelerace, and
- Latest Funding Round: Seed, May 31, 2022
4.
Mobile routing technology offering IoT SIM card. Its routing technology and SIM platform can be integrated into the existing network technologies. It merges different mobile networks and creates one international home network. It helps the mobile operators, MVNOs to cut roaming costs and offer innovative products to their end customers leading to increased ARPUs. It also has applications in the IoT or M2M space.
Key facts about Onomondo
- Founded Year: 2012
- Location: Copenhagen (Denmark)
- Valuation: $62M as on Jun 18, 2022
- Stage: Series A
- Total Funding till date: $31.5M
- Employee Count: 87 as on Nov 30, 2024
- Investors: Verdane, Vaekstfonden and
- Latest Funding Round: Series A, Jun 18, 2022, $21M
- Highlight: Editors' Pick
5. Coinify
Coinify provides a crypto-based payment solution for consumers and businesses. It provides a solution that enables businesses to accept virtual currency payments. It offers a solution for card issuers and wallets that accept user top-ups from multiple virtual currencies via API integration. Also offers virtual currency trading solutions for wallet partners and a solution for sending invoices & accepting payments in virtual currencies.
Key facts about Coinify
- Founded Year: 2014
- Location: Copenhagen (Denmark)
- Last Known Valuation: 121M DKK as on Aug 03, 2021
- Stage: Acquired
- Total Funding till date: $18.3M
- Employee Count: 38 as on Nov 30, 2024
- Investors: SEB, Seed Capital and 5 Others
- Latest Funding Round: Series A, Aug 01, 2021, $1.36M
- Highlight: Acquired
Accelerace's Year-on-Year Investment Trends
Accelerace has invested in 96 companies over the last 16 years, with an average of 4 new investments annually in the last 10 years. In 2024, it made 2 investments. Its most recent first time investment was in Omics Studio and most recent follow-on round was in IDUN audio.
Year | No. of Investments | ||
|---|---|---|---|
1stÌýRound | Follow-on | Total | |
2025 (YTD) | 0 | 0 | 0 |
2024 | 2 | 0 | 2 |
2023 | 6 | 0 | 6 |
2022 | 13 | 1 | 14 |
2021 | 8 | 0 | 8 |
2020 | 3 | 0 | 3 |
2019 | 4 | 0 | 4 |
2018 | 0 | 0 | 0 |
2017 | 0 | 0 | 0 |
2016 | 2 | 0 | 2 |
Accelerace's Investments by Stage
Accelerace has made 82 investments in Seed stage with an average round size of $191K and 1 investment in Series A stage with an average round size of $110K.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Seed | 82 |
Series A | 1 |
Accelerace's Investments by Sector
Accelerace has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, Retail and Vertical SaaS. Notably, it has invested in 68 Tech companies, 53 Enterprise (B2B) companies, 43 Software companies and at least 35 companies focusing on Consumer (B2C).
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Enterprise Applications | 29 |
Consumer | 18 |
High Tech | 15 |
Retail | 11 |
Vertical SaaS | 10 |
Others | 94 |
Accelerace's Investments by Geography
Accelerace has made most investments in Denmark (66), followed by United Kingdom where it has made 3 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
Denmark | 66 |
United Kingdom | 3 |
Italy | 2 |
China | 1 |
Finland | 1 |
Others | 9 |
Accelerace's recent investments
Here are the most recent investments by Accelerace:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 2024 | Denmark | Seed | Undisclosed | - | |
Jan 30, 2024 | Denmark | Seed | Undisclosed | - | |
Oct 26, 2023 | Finland | Seed | $349K | Trind VC [+1] | |
Aug 09, 2023 | Denmark | Seed | $750K | ||
2023 | India | Seed | $110K | - |
Get the detailed list of all investments by Accelerace. Download now!IPOs and Publicly Listed companies in Accelerace's Portfolio
Here are Accelerace's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 28, 2021 | Jan 2016 | Series A | $110K | |
- | 2012 | Seed | $133K |
Acquired companies in Accelerace's Portfolio
Here are Accelerace's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 02, 2024 | Jun 18, 2014 | Seed | $136K | |
Jan 24, 2024 | 2014 | Seed | $126K | |
Sep 20, 2022 | Jun 06, 2013 | Seed | $132K | |
Aug 16, 2022 | Sep 12, 2014 | Seed | $535K | |
Dec 14, 2021 | 2014 | Seed | $122K |
Team profile of Accelerace
Accelerace has a team of 18 membersÌýincluding 8 Partners, 2 Venture Partners and 4 PrincipalsÌýlocated in Denmark, United Kingdom and . Accelerace's team sits on the board of 2 companies.Here is a list of top team members in Accelerace:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Copenhagen | - | , | |
Partner | Copenhagen | - | , | |
Partner | Denmark | - | , | |
Partner | Copenhagen | - | , | |
Partner | Copenhagen | - | ||
Partner | Copenhagen | - | ||
Partner | Copenhagen | - | ||
Partner | Copenhagen | - | ||
Venture Partner | Riga | - | ||
Venture Partner | Copenhagen | - | - | |
Principal | Copenhagen | - |
Get the full list of Accelerace's team & partners for free. Download now!Co-investors of Accelerace
Over the past 16 years, 67 investors have co-invested in Accelerace's portfolio companies.
- Invested before Accelerace:Ìý, Vaekstfonden and 5 others have invested in rounds before Accelerace. There are 2 companies where PreSeed Ventures has invested before Accelerace and 2 companies where Vaekstfonden has invested before Accelerace.
- Top Co-investors of Accelerace:Ìý11 investors entered a company along with Accelerace. These include investors like Seed Capital (1 company).
- Invested after Accelerace:ÌýA total of 49 investors have invested in Accelerace's portfolio after their investments. Top Investors include Vaekstfonden (5 companies), EIC Fund (3 companies) and (3 companies).
Get full list of Accelerace's co-investors delivered to your inbox!
Recent News related to Accelerace
•
•
•
•
•
•
•
vonhaller.dk•Sproom, Accelerace
