We are proud to work with some of the best entrepreneurs, tech engineers and specialists within their field.
Portfolio
Payment and invoice management system, allowing global corporations to gain back control over their long-tail spend.
Human-centric AI software, enabling staffing agencies to faster and better place candidates in their ideal positions.
Cutting edge Digital Therapeutic platform, launching the next generation of prescriptive digital therapies in partnership with the worlds leading pharmaceutical companies.
Provides manufacturers with high resolution liquid-particle mixture analytics to measure and optimise any liquid process and reducing waste.
A next-generation 3D print head that extends access to multi-material printing.
Identity platform for customer data management that makes it easy to collect, verify and store customer data.
DoctorPlan helps improve outcomes by placing the patient at the center of care delivery.
Wireless presentation from any device, digital signage for all screens, and all-in-one cloud management.
Digital platform designed to implement active break in between office and everyday working hours, enabling all employees to do healthy breaks every day.
Social Projects
Blossom is a non-profit that works to empower vulnerable women through prevention programs.
Exits
Donkey Republic is a Copenhagen based bike sharing company with more than 13,000 bikes across 60 cities in 14 countries.
UNSILO provides AI tools and solutions for publishers to grow new business opportunities and improve customer experience and publishing workflows.
Be My Eyes is a free app that connects blind and low-vision people with sighted volunteers and companies.
E-commerce business selling high quality dietary supplements online. Never let down your natural potential.
Dynastrom supplies a software solution for multi-room audio experiences working flawlessly over standard WIFI.
Actimo is an employee engagement app for e-learning and communication with remote staff.
ESC-System is a software company developing software for the logistics and freight forwarding industry.
Calculo Capital is an algorithmic based commodities fund that employs a systematic trading strategy with AI.
Platform of 3D environments designed to help furniture retailers and brands show more and sell more.
© 2023 Scale capital
Locations · Copenhagen · Stockholm · silicon valley
© 2023 Scale capital
Copenhagen · Stockholm · silicon valley
Mazepay is a payment and invoice management system allowing global corporations to gain back control over their long-tail spend.
The tool features automated supplier onboarding, invoice management, cash flow management and is made in partnership with Mastercard in order to simplify B2B purchases, payments, and compliance through business cards. With Mazepays solution, corporates can simplify their payments via virtual cards and ensure transparency, compliance, and efficiency when it comes to long-tail spend.
Initial investment
2022
founded
2018
Leadership
Investment theme
Future of work
Market vertical
Invoice management
Status
Active
Location
Aarhus
Globus.AI is a staffing placement tool, that allows staffing agencies to speed up their processes and better take human-preferences into considerations when placing employees using advanced artificial intelligence.
With Globus.ai, staffing agencies can cover up to 40% more shifts every day. Their intelligent software reads all incoming requests for you, then finds the best candidates automatically, and help schedule them into assignments – super fast.
Initial investment
May 2022
founded
2017
Leadership
Helge Bjorland, CEO
Jan Kristiansen, CCO
Tor-Håkon Hellebostad, COO
Investment theme
Future of work
Market vertical
Gig Economy
Status
Active
Location
Oslo (HQ)
Alex Therapeutics uses its AI-powered digital therapeutics platform “Alex DTx Platform” to develop and launch prescription digital therapies, typically in partnership with pharmaceutical companies. The DTx products are clinically validated and approved medical devices, prescribed by doctors and reimbursed by healthcare systems. The platform combines evidence-based psychology, primarily Cognitive Behavioral Therapy (CBT), with AI and Machine Learning to provide personalized treatments that address the needs of patients worldwide.
Initial investment
Marts 2022
founded
2018
Leadership
John Drakenberg Renander, Co-founder and CEO
Oliver Fleetwood, Co-founder & CTO
Investment theme
Digital Health
Market vertical
Digital Therapeutics
Status
Active
Location
Stockholm
alphin is the leading marketing platform for local businesses in Europe. alphin provides local business owners with easy and affordable software solutions to centralize and automate their full customer lifecycle management.
Currently, 800+ local businesses in Austria, Germany, Israel and the UK rely on alphin, when it comes to winning and retaining clients through all relevant online channels.
Digital marketing offers local companies unprecedented opportunities to grow quickly and sustainably. With alphin 70+ digital native and local loving people from all over the world made it their mission to ensure that every single local business can benefit from it. And that every local business owner can thereby focus on what they really love: their business.
Initial investment
February 2022
founded
2017
Leadership
Mario Geiss, Co-founder and CEO
Steffen Allesch, Co-founder & CEO/CSO
Lukas Krieger, Co-founder & CPO
David Bläsing, Co-founder & Technology, Design
Investment theme
Future of work
Market vertical
Marketing automation
Status
Active
Location
Berlin
Favro transforms any organization into an Agile business by empowering all kinds of teams to work autonomously, while also helping leaders aligning all work towards company key objectives.
With Favro teams in marketing, product development, operations, and their leaders and executive management, get a single place for planning, documentation, and collaboration. Favro supports multiple views on planning with Kanban flows, spreadsheet-style, and work scheduled on a timeline.
Favro is a cloud service living up to enterprise-level demands on security and IT governance. Favro connects to the whole ecosystem of tools like Slack, Google Calendar, Microsoft OneDrive, GitHub, Jira, and much more.
Initial investment
December 2021
Leadership
Erik Olofsson
Hans Dahlström
Patric Palm (Chair & CEO)
Investment theme
Future of work
Market vertical
Collaboration tool
Status
Active
Location
Uppsala, Sweden
Real-time, comprehensive view of the state of liquid is the basis for smarter process decisions. The platform allows for optimization of the use of raw materials, energy, and chemicals, and has the potential to reduce the consumption by up to 50%, both improving margins and combatting climate change.
The Collo analytic platform combines an innovative Electromagnetic field (EMF)-sensor technology with signal processing, advanced analytics and data processing technologies, creating an integrated solution to measure “liquid fingerprints”.
Collo’s unique EMF enables its use in liquids where other sensors have no chance to survive. Collo Analyzer can be used with paints, adhesives and ceramic slurries, but it works just as well in clean water or any other liquid. The technology can be used for any liquid with any dry mass or any viscosity.
Initial investment
June 2021
founded
2017
Leadership
Matti Järveläinen, Co-founder and CEO
Teemu Yli-Hallila, Co-founder and CTO
Investment theme
Industry Tech
Market vertical
IoT, liquid process control
Status
Active
Location
Tampere, Finland
Quantica3D invented an advanced material jetting 3D print head that can print a wide range of functional materials in a high viscosity. The company has six patentable inventions with the main patent filed on November 2019.
In a collaboration with the German research organization, Fraunhofer, Quantica3D has gained exclusivity of a graphical 3D slicer software, one of the most advanced in the world. The team of 25 people is based in Berlin.
The company is launching its first 3D printer in 2022.
Initial investment
November 2020
founded
2016
Leadership
Claus Moseholm, CEO
3D printing
Investment theme
Deep tech
Market vertical
Additive manufacturing
Status
Active
Location
Berlin, Germany
NewBanking is changing the way data is shared by allowing companies to use their platform “Identity” to securely store and share information, prevent money laundering, and stay up to date with privacy regulations.
NewBanking is imaging a world where people can store all of their personal information in one central and secure location and be able to control who has access to this information. By using NewBanking’s platform, companies avoid the hassle of constantly collecting, storing, verifying, and managing access to information.
Initial investment
March 2020
founded
2015
Leadership
Christian Visti, Co-founder and CEO
Morten Helles, Co-founder and CTO
Investment theme
Future of work
Market vertical
RegTech, identity management
Status
Active
Location
Copenhagen, Denmark
DoctorPlan helps healthcare organizations create deep relationships with patients, using a data-driven approach to personalize care delivery. Their precision health platform helps caremakers deliver the best outcomes for patients – with extended care, access to timely information, and personalized follow ups, between visits.
The company is on a mission to help doctors improve clinical outcomes for 50 million patients over the next 10 years. The team consists of serial entrepreneurs, doctors and technologists, who work together to harness the power of medicine and technology.
Initial investment
August 2019
founded
2018
Leadership
Rohit Agarwal, Founder and CEO
Sector
Health Management platform
Investment theme
Health tech
Telehealth
Digital Health
Status
Active
Location
San Francisco, US
Airtame is a streaming platform company that provides screen sharing for classrooms, meeting rooms and shared spaces. The company has sold to more than 20,000 organizations and currently employs 80 people with office locations in Copenhagen, Budapest, New York and Los Angeles.
The solution is built for enterprise use and consists of a device, software and cloud based services. The user interface is designed with ease of use in mind and offers customers a significant cost saving compared to comparable offerings.
Initial investment
November 2015
founded
2013
Leadership
Investment theme
Future of work
Market vertical
IoT, wireless screen sharing
Status
Active
Location
Copenhagen (HQ),
Budapest, New York and
Los Angeles
Pleaz is an employee wellbeing platform, which encourages forward-thinking companies to work with sustainable health. We all love productive working days, but we also recognize that productivity in today’s corporate environment often comes with an increased cost for some of the biggest health issues in our time; inactivity and stress.
Pleaz believes in making the social gap in virtual meetings smaller by using their platform for healthy breaks. Small steps over time create big changes and international companies have already shown that thousands of healthy breaks make the difference.
With video-guided content found in a few clicks, it has never been easier to implement a scientifically proven solution that impacts the wellbeing of people in organizations.
Initial investment
November 2021
founded
2020
Leadership
Micki Kold Nagel, Co-founder and CEO
Matias Weisien Thomasen, Co-founder & CBO
Pernille Feldt Snitkjær, Co-founder and HOD
Investment theme
Future of work
Market vertical
Status
Active
Location
Copenhagen, Denmark
Blossom was founded in 2016 in San Francisco by Tine Christensen. A Danish branch was established in 2018.
Blossom is an NGO with more than 80 volunteers who together spend more than 15,000 hours per year on prevention programs. In Denmark, Blossom runs the Blooming Room project and the mentor program “Kvinde-til-kvinde” for women with a minority ethnic background. Blossom also facilitates the projects Heart Room and WeCare for women in homelessness and women who are or have been victims of prostitution and sex trafficking.
Initial investment
2016
founded
2016
Leadership
Tine Christensen, Founder
Pernille Haarløv-Johnsen, Executive Director
Type
NGO
Status
Active
Location
San Francisco (HQ), Copenhagen
Donkey Republic has developed an app that allows people to locate, book and rent a bike with a single click on a button. Donkey aims to turn the bicycle into the hero of urban mobility and a catalyst for more liveable cities.
How sustainable and accessible is Donkey? Their solution contributes to less traffic-congested cities by offering more than 14,000 bikes across 60 countries in 14 countries. To date, the company has facilitated more than 1,700,000 bike rides worldwide.
Initial investment
March 2017
Leadership
Erdem Ovacik, Founder and CEO
Investment theme
Sustainability
Market vertical
Micro-mobility
Status
Exit in May 2021 in an IPO
Return multiple: 1x
Location
Copenhagen, Denmark
UNSILO is determined to make it easier for researchers and innovators to find analogous concepts and novel ideas from different industries and fields.
UNSILO extracts the most important semantic concepts from documents. Using Natural Language Processing (NLP), UNSILO understands the precise meaning of phrases within a document and automatically captures both semantic and syntactic variations. Their solution does not require any document metadata and simply reads the full text to learn and comprehend the topics, things, and events that connect documents in a content collection.
Automatically extracting semantic fingerprint of documents, their algorithms can also predict the usefulness of a freshly written manuscript, because it doesn’t rely on existing traffic metrics or external user data.
Initial investment
July 2013
founded
2013
Leadership
Thomas Laursen, Co-founder and CEO
Mads Rydahl, Co-founder and CTO
Investment theme
Deep tech
Market vertical
AI, enterprise software
Status
Exit in January 2020 to Cactus Communications Ltd., India
Return multiple: 3.3x
Location
Aarhus, Denmark
Be My Eyes’ goal is to improve the lives of the blind by connecting them to a community of online volunteers and company representatives.
Be My Eyes is a free mobile app designed to bring sight to the blind and visually impaired. With the press of a button, the app establishes a live video connection between blind and visually impaired users and sighted volunteers and company representatives. With over 2.2 million users across 150 countries, Be My Eyes has grown to become the largest online community for the blind and visually impaired.
Initial investment
October 2015
Leadership
Christian Erfurt, CEO
Investment theme
Sustainability
Market vertical
Social impact
Status
Exit in June 2018 in a convertible note sell-back to the company Return multiple: 1.1x
Location
Tranbjerg, Denmark
Puori was founded in Denmark in 2009. The founders believe that health is an ever-evolving journey centered around making quality decisions within the four cornerstones of a good life: a healthy diet, physical activity, recovery, and balance.
Puori stands for Pure Origin. Their range of premium supplements only consists of clean and natural based products. The company helps people understand their origin and show them how to achieve their natural potential.
Initial investment
March 2012
Sector
Foodtech, supplements
Investment theme
Sustainability
Status
Exit in March 2018 to Juggernaut Capital Partners
Return multiple: 10x
Location
Copenhagen (HQ), San Francisco
Dynastroms audio streaming technology AROS™ is developed with the user experience in mind and raises the bar on simplicity and quality. The adaptive solution ensures that users get the best possible audio experience.
The solution is based on a service-oriented middleware, which enables devices to join or take over ongoing experience on-the-fly. Multiple streaming or synchronization mechanisms can co-exist, and the system can select the most desirable mechanism. The system continuously monitors network conditions to adaptively select the best fidelity streaming.
Initial investment
December 2014
Leadership
Brian Møller, Founder and CEO
Investment theme
Industrial tech
Market vertical
Audio streaming
Status
Exit in July 2017 to Roku Inc
Return multiple: 4.3x
Location
Aarhus, Denmark
Since 2012, Actimo has digitized internal communication, onboarding, and employee training through its employee app for remote workers. Enterprise communication is rapidly changing and requires new platforms to communicate effectively.
Actimo helps leading international organizations in industries such as facility management, retail, hospitality, transportation & logistics, manufacturing, construction, and health services to improve their employee engagement and productivity by providing an intuitive and insightful employee engagement platform to boost their employee communication and e-learning for their non-desk employees. Unlike traditional LMS, isolated onboarding software, or complex onboarding platforms, Actimo offers an easy-to-use mobile onboarding app that is integrated with corporate communications.
Initial investment
December 2011
Leadership
Eske Gunge, Founder and CEO
Sector
Employee engagement
Investment theme
Eske Gunge, Founder and CEO
Status
Exit in May 2016 in a secondary sale. Now a part of Kahoot Return multiple: 5.4x
Location
Copenhagen, Denmark
Initial investment
March 2011
Leadership
Viggo Ole Pannbacker, CEO
Sector
Logistics
Investment theme
Future of work
Status
Exit in November 2011 to a customer. Now a part of Maersk Return multiple: 8x
Location
Sealand, Denmark
Calculo Capital is an alternative investment fund with a specialized trading platform for commodity trading. They have developed a solution that incorporates a cross commodity automated trading strategy that is built on a unique trading engine for managing all trading and risk activities.
The fund operates with a set of rules for calculating the trading signals and for filtering these signals. It makes use of artificial intelligence to evaluate the portfolio on a daily basis and adjust the exposure according to historic observations, as well as a way to optimize the exit of the positions.
Initial investment
June 2019
founded
2018
Leadership
Philip Engel Carlsson, Founder and CEO
Investment theme
Deep tech
Market vertical
Algorithmic commodities trading
Status
Active
Location
Copenhagen, Denmark
Cylindo provides a 3D visualization SaaS solution for brands and retailers to deliver engaging shopping and help increase online sale conversions by an average of 25%.
Powering 2.5 quintillion product variations and 9 million unique users per month, Cylindo is the catalyst that drives delightful shopping experiences, helping retailers and brands show more and sell more with close to zero effort.
Initial investment
March 2015
founded
2012
Leadership
Janus Jagd, Founder and CEO
Investment theme
Future of work
Market vertical
3D Product Visualization
Status
Active
Location
Copenhagen (HQ), Bitola/Skopje, Boston
