The venture landscape in 2025 has experienced significant change. In Denmark, total venture capital is down approximately 44 percent year-on-year, yet seed and early-stage deals have remained strong, especially within AI, healthtech, and the green transition. This shift clearly highlights the importance of focusing on the seed and early stages, where activity remains resilient.

As a tech and AI-driven venture building studio, KRING addresses this. Our ambition is to outperform the traditional venture model by increasing the survival rate and reducing the time it takes to go from startup to profitable growth, which traditionally takes seven to ten years, but for us happens in a fraction of that time.

Within the current landscape, 2025 has been a year of real momentum for KRING. Our portfolio is maturing, our studio is producing successful spinouts, and we are scaling our AI-enabled infrastructure. The following sections highlight how Speedbooting performed in 2025 and how we are working with our ventures.

Portfolio Performance

SpeedBooting22 now includes seven active portfolio companies and four new ventures in validation, spanning both health and green energy. Several companies, Aescolab, Triba Health, Sequence, and ejendom.com, have reached strong commercial inflection points. Others, including Spectia, Conceivio, and Orklys, are progressing from build toward market scale.

Here more about it from Thomas Refdahl - Partner & Head of growth / portfolio

Selected 2025 Highlights

• Triba: On a mission to reverse Type 2 diabetes, Triba is expanding commercially in South Africa and Denmark, achieving plus 155 percent month-over-month revenue growth.
• Aescolab: The enterprise biomarker diagnostics platform has converted a Merck pilot into a global agreement, generating EUR 300,000 in revenue in the first half of 2025.
• Sequence: Its biomechanical insoles are now used across 42 partner clinics in seven countries. Record sales momentum is reinforced by strong peer-reviewed validation.
• Spectia: Spun out in 2025, Spectia delivers ESG accounting software for installers. A pilot with InstallatørGruppen demonstrates a DKK 1.2 million annual impact.
• ejendom.com: The digital property management platform has grown ARR by 37 percent year-to-date and launched its new AI module, “PropDoc 2.0.”
• Orklys: With a completed MVP and strategic partnerships in Denmark and Sweden, Orklys is preparing its Eurostars funding application.
• Conceivio: Four fertility clinics have now begun onboarding.

Additional Milestones

• Aescolab has raised new capital from external investors at a considerable uplift compared to spin-out cost (2.65x MoM).
• Conceivio has completed a new investment round with a strong valuation increase (1.42x MoM).
• Triba Health has also raised new funding at an uplifted valuation (1.33x MoM).
• Aescolab has welcomed two notable new profiles to its investor and board group: former DSV CEO Jens Bjørn Andersen and former GN CEO René Svendsen-Tune, who has joined as Chairman. Their introductions can be viewed here: Jens Bjørn Andersen, René Svendsen-Tune.

Cosmica OS

Cosmica is KRING’s internal operating system, the engine that turns Speedbooting into a faster, smarter, and more aligned way of building companies. It transforms years of venture-building knowledge into an AI-driven platform that automates manual work, creates one shared source of truth, and gives real-time clarity across all ventures.

Built on a modern AI-first stack, Cosmica enables automated workflows, semantic search, and intelligent portfolio monitoring across the entire studio. Its core modules include a real-time portfolio dashboard, an automated venture evaluation system, and an AI-powered knowledge OS that accelerates decision-making and strengthens performance.

Cosmica also manages the full Entrepreneur-in-Residence journey, improving speed, accountability, and consistency from early experiments to incorporation. With modular architecture that scales across funds and ventures, it embeds AI into every stage of the studio.

Ultimately, Cosmica gives KRING a lasting competitive edge. It unifies founders, boards, and investors around shared truth, turns collective knowledge into execution, and ensures KRING delivers ventures with higher speed, capital efficiency, and long-term value creation.

Looking forward

As we enter 2026, KRING is positioned for further growth. Our portfolio is maturing with ventures delivering real commercial traction. Our studio model is validated through multiple successful spinouts. We also have a pipeline aligned with Europe’s strategic agenda in health, energy, and sustainability. All of this is supported by our fully digital and AI-driven infrastructure via Cosmica OS.

KRING’s ambition for 2026 is to continue to demonstrate measurable results and optimize our ventures and platform to help accelerate a similar evolution in the Nordics and across Europe, with KRING and Denmark as the natural testbed for this new generation of venture building.

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