When was Scale Capital founded?

Scale Capital was founded in 2012.

Where is Scale Capital's headquarters located?

Scale Capital's headquarters is located in Copenhagen ( Denmark ).

How many companies has Scale Capital invested in?

Scale Capital has invested in 30 companies, including Donkey Republic & Be My Eyes.

Which companies has Scale Capital invested in lately?

All Gravy & Telescope are the latest investments by Scale Capital.

What sectors does Scale Capital focus on for investments?

Top sectors in Scale Capital's portfolio are Enterprise Applications (19 investments) and High Tech (6 investments).

What stages of companies does Scale Capital typically invest in?

Scale Capital primarily invests in Seed and Series A stages.

How many exits has Scale Capital been involved in?

Scale Capital's portfolio has seen 1 IPO and 4 acquisitions.

Scale Capital - 2025 Investor Profile, Portfolio, Team & Investment Trends - Tracxn

1. Donkey Republic

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. Be My Eyes

Be My Eyes is a mobile application that lets blind people contact a network of sighted volunteers for help with daily activities such as knowing the expiry date on the milk, to making sure that their clothes match. The sighted helper can assist the blind or visually impaired, through the video connection from the blind or visually impaired user’s rear-facing camera using the aplication.

Key facts about Be My Eyes

Founded Year: 2012
Location: Copenhagen (Denmark)
Stage: Series A
Total Funding till date: $4.5M
Employee Count: 11 as on Nov 30, 2024
Investors: European Union, Nordic Garage Ventures and 10 Others
Latest Funding Round: Grant (prize money), Nov 30, 2020, $59.8K
Highlight: Editors' Pick

3. Cylindo

Cylindo provides a product visualization tool for brands and retailers to eliminate expensive photo shoots and labor-intensive content management. The platform automates the visualization of various products, from various angles and in various variations. They integrate with any digital environment and provide analytical insights to drive better business decisions.

Key facts about Cylindo

Founded Year: 2010
Location: Copenhagen (Denmark)
Annual Revenue: 15.3M DKK as on Dec 31, 2022
Last Known Valuation: $26.6M as on Jul 22, 2021
Stage: Acquired
Total Funding till date: $7.92M
Employee Count: 31 as on Nov 30, 2024
Investors: Nordic Makers, Nordic Garage Ventures and 14 Others
Latest Funding Round: Series D, Jul 22, 2021, $2.43M
Highlight: Acquired

4. Actimo

Cloud-based remote team collaboration management software provider. Provides solutions for businesses that wish to improve mobile mass communications to employees or customers. Features include SMS and e-mail, action messages are interactive with video, sound, and social engagement. It also enables users to send messages to multiple channels.

Key facts about Actimo

Founded Year: 2012
Location: Copenhagen (Denmark)
Last Known Valuation: 173M DKK as on Jul 31, 2020
Stage: Acquired
Total Funding till date: $8.58M
Employee Count: 32 as on Dec 31, 2020
Investors: Nordic Garage Ventures, Accelerace and 5 Others
Latest Funding Round: Series A, Jul 16, 2020, $4.36M
Highlight: Acquired

5. Alex Therapeutics

Provider of deaddiction platform for individuals to manage smoking habits. The AI based platform helps users to optimize the smoking behaviour by giving personalized insights and cognitive behavioural therapy solutions. It also analyzes users smoking triggers and tracks the activities for managing smoking cessation. The platform uses artificial intelligence and machine learning to personalize therapy, track symptoms, and help patients understand the relationship between the medications and health outcomes.

Key facts about Alex Therapeutics

Founded Year: 2018
Location: Stockholm (Sweden)
Annual Revenue: 4.33M SEK as on Mar 31, 2023
Stage: Series A
Total Funding till date: $5.33M
Investors: Hadean Ventures, Innovestor and 4 Others
Latest Funding Round: Series A, Mar 06, 2023, $1.33M

Want to see the entire list?

Scale Capital has invested in 31 companies over the last 12 years, with an average of 2 new investments annually in the last 10 years. In 2024, it made 4 investments, while as of Mar 2025, it has made 2 investments in this year. Its most recent first time investment was in All Gravy and most recent follow-on round was in Collo.

Here are Scale Capital's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2025 (YTD)	2	0	2
2024	3	1	4
2023	3	1	4
2022	4	0	4
2021	3	0	3
2020	0	0	0
2019	0	0	0
2018	1	0	1

View all investments by Scale Capital

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Scale Capital has made 11 investments in Seed stage with an average round size of $2.02M and 7 investments in Series A stage with an average round size of $5.68M.

Here are Scale Capital's investments by stage:

Note: We have considered here, only first round of investments

Stage of entry	No. of Investments
Seed	11
Series A	7

View all investments by Scale Capital

Scale Capital has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Vertical SaaS, Consumer and HealthTech. Notably, it has invested in 25 Tech companies, 20 Enterprise (B2B) companies, 20 Software companies and at least 11 companies focusing on Saas.

Here are Scale Capital's investments by sector:

Note: We have considered here, only first round of investments

Sector	No. of Investments
Enterprise Applications	15
High Tech	5
Vertical SaaS	5
Consumer	4
HealthTech	3
Others	19

View all investments by Scale Capital

Scale Capital has made most investments in Denmark (6), followed by Germany where it has made 3 investments.

Here are Scale Capital's investments by geography:

Note: We have considered here, only first round of investments

Country	No. of Investments
Denmark	6
Germany	3
Finland	2
Norway	2
Sweden	2
Others	3

View all investments by Scale Capital

Scale Capital has made 2 investments in 2025 so far - All Gravy and Telescope.

Here are the most recent investments by Scale Capital:

Date	Company	Location	Round Details	Round Amount	Co-Investors
Mar 28, 2025	All Gravy	United Kingdom	Seed	$2.9M	Moonfire [+3]
Mar 05, 2025	Telescope	Norway	Seed	$3.9M	Dreamcraft Ventures [+2]
Sep 09, 2024	Players 1st	Denmark	Seed	$1.44M	-
Aug 13, 2024	Collo	Finland	Series A	$5.46M	SEB [+1]
Mar 25, 2024	CI HUB	Germany	Seed	Undisclosed	HTGF [+3]

Get the detailed list of all investments by Scale Capital. Download now!

See more recent investments made by Scale Capital

1 of Scale Capital's portfolio company became public - Donkey Republic. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in May 2021.

Here are Scale Capital's portfolio companies that went public:

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Donkey Republic	May 28, 2021	-	-	-

View more details about public companies in Scale Capital's portfolio

4 companies from Scale Capital's portfolio have been acquired. The most recent acquisition were Cylindo in Apr 2022 by Chaos.

Here are Scale Capital's portfolio companies that got acquired most recently:

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Cylindo	Apr 12, 2022	Mar 03, 2015	Series A	$1M
Actimo	Sep 16, 2020	-	-	-
Unsilo	Jan 28, 2020	Sep 26, 2013	Seed	$1M
Dynastrom	Nov 09, 2017	-	-	-

View all acquired companies in Scale Capital's portfolio

Scale Capital has a team of 9 members including 2 Partners and 1 Venture Partner located in Denmark and United States. Scale Capital's team does not sit on the board of any company as of now.

Here is a list of all team members in Scale Capital:

Name	Designation	Location	Board Memberships	Contact details
Lars Jensen	Partner	-	-	1 Email
Kenneth Grunow	Partner	Denmark	-	1 Email, 1 Phone number
Lene S Schulze	Venture Partner	San Francisco	-	1 Email
Joachim Schelde	Associate	Copenhagen	-	1 Email
Martin Kragh Hansen	Analyst	Denmark	-	1 Email
Terkel Douglas	Analyst	Frederiksberg	-	1 Email
Judith Schrader	Analyst	Copenhagen	-	1 Email
Sofia Randine Svanqvist	Analyst	Copenhagen	-	1 Email

Get the full list of Scale Capital's team & partners for free. Download now!

View team details of Scale Capital

Over the past 12 years, 88 investors have co-invested in Scale Capital's portfolio companies.

Invested before Scale Capital: Commerce Ventures, VoiVoda and 17 others have invested in rounds before Scale Capital. There are 1 company where Commerce Ventures has invested before Scale Capital and 1 company where VoiVoda has invested before Scale Capital.
Top Co-investors of Scale Capital: 47 investors entered a company along with Scale Capital. These include investors like Litecap (1 company).
Invested after Scale Capital: A total of 22 investors have invested in Scale Capital's portfolio after their investments. Top Investors include Lars Floe (1 company), Nordic Makers (1 company) and David Helgason (1 company).