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Silicon Valley Bank has chosen Copenhagen as the location for its Nordic headquarters. This is due to Denmark’s growing talent base and strong ecosystem for entrepreneurs, which will provide Silicon Valley Bank a strong presence in the Nordic region.
Denmark and the Greater Copenhagen region are home to strong ecosystems within the technology and life sciences sectors.
With Silicon Valley Bank establishing its Nordic headquarters in Copenhagen, high-growth tech and life science companies in Denmark will now get easier access to the bank’s extensive network of investors and advisers, helping them take their businesses to the next level.
Denmark has many innovative entrepreneurs
Sebastian Penn has been appointed Managing Director for Denmark and will be based in Copenhagen.
“I’m delighted to join Silicon Valley Bank to lead our presence in Denmark and the Nordics. There is a huge amount of activity taking place in this market with lots of inspiring businesses. We believe our increased presence will bring real value to local businesses here, particularly for those planning to grow quickly and internationally”
- Sebastian Penn, Managing Director of Denmark, Silicon Valley Bank
Skype, Unity, Trustpilot, Zendesk, Momondo and JustEat
The expansion of Silicon Valley Bank into Denmark underscores the strength of the European technology landscape and business opportunities in Denmark, in particular.
Hundreds of tech startups are based in Greater Copenhagen, which has seen an increasing number of international exits and successes.
“Denmark is one of the most creative and innovative countries in Europe and has fostered global success companies such as Skype, Unity, Trustpilot, Zendesk, Momondo and JustEat. Denmark is pushing a progressive digitisation agenda in the public sector and making data accessible for companies, which makes Greater Copenhagen an attractive hub for innovative tech startups and growth companies”
- Anette Steenberg, Investment Promotion Director, Copenhagen Capacity
En route to a cashless society
Tech startups in Denmark are strong in areas such as fintech, AI, machine learning and algorithms, life sciences and Smart City solutions to challenges posed by urbanisation and climate change.
Innovation in these tech communities are spurred by Copenhagen’s technological infrastructure development, driving its march to become the world’s first carbon neutral capital city by 2025, as well as Denmark’s position among the world’s most cashless societies.