Startups in INCUBA raise over half a billion DKK – INCUBA strengthens access to investors

Raising capital is crucial for bringing new technologies from research to market. At the same time, the analysis shows that companies in INCUBA are increasingly able to attract investment and build strong relationships with investors. This takes place in a context where only a limited share of Danish startups secure external funding, and where access to capital remains a key barrier to growth. (Source: DI Entrepreneurship Barometer 2026)

According to CEO of INCUBA, Jacob Doktor Mogensen, the results clearly demonstrate the importance of strong innovation environments in driving growth in Danish business.

“Access to capital is essential for scaling new technology companies. At INCUBA, we work strategically to bring founders, investors and competencies closer together. When companies are part of a strong environment, relationships and investment opportunities emerge much more easily,” says Jacob Doktor Mogensen.

He points out that in recent years, INCUBA has strengthened the connection between startups and investors, among other things through the establishment of INCUBA Next Level, where the Founder Hub and Investor Hub bring growth-stage startups and investors together in one environment.

Lars Louring & Jacob Doktor Mogensen, INCUBA Next Level

From research to capital

Among the companies that have raised capital within the environment is Draupnir Bio, which works with advanced technology for targeted protein degradation as a strategy for developing new medicines.

The company is a research spinout and has attracted international investor interest.

“When building a life science company, it is crucial to be part of an environment with access to talent, knowledge and investors. That has been an important part of our development,” says Simon Glerup, Co-founder & CSO of Draupnir Bio.

The quantum technology startup Kvantify, which is based on research from Aarhus University, has also attracted significant investor interest. The company develops advanced algorithms and software based on quantum technology and raised a larger funding round in 2025.

Founded in 2022, Kvantify has been based in INCUBA since its inception, growing from three founders into a larger team of researchers, developers and business professionals.

Simon Glerup, co-founder & CSO of Draupnir Bio

An environment for growth

The IMPACT analysis also shows that companies in INCUBA are generally experiencing positive development.

• 44% increased their revenue in 2025
• 49% maintained their revenue from the previous year
• 40% increased their earnings
• 44% hired more employees
• 52% launched new products

These figures point to an environment of growing companies with a high level of innovation.

“We see companies that are growing, hiring and launching new solutions. That is exactly what happens when knowledge, talent and capital come together in a strong environment,” says Jacob Doktor Mogensen.

Today, INCUBA is home to nearly 180 companies within areas such as AI, health tech, deep tech and green technology.

Capital closer to founders

To further strengthen the connection between startups and investors, INCUBA has established INCUBA Next Level, a new environment that brings together the Founder Hub and Investor Hub.

Here, growth-stage startups work side by side with investors, business angels and advisors, with the ambition of creating more investments and more internationally scaling companies from Aarhus.

Among the players in the environment is Delphinus Venture Capital, which, with a fund of DKK 600 million, is based in INCUBA and invests in some of the most promising growth companies.

Mathias Brink Lorenz, Managing Partner & CEO & Victor Villesen, Investment Analyst, Delphinus Venture Capital in INCUBA Next Level Investor Hub

Founder Hub in INCUBA Next Level