Danish platform Valuer is heading for a listing on Nasdaq’s First North Premier Denmark at the end of February, according to a press release. The IPO, which could value the company at $65 million, should bring in about $20 million in new funding.
The Copenhagen-based startup has built a platform that uses AI to match big companies, who are in need of innovation, with small startups, who need clients for their new technology. Corporations like Pfizer, Siemens Gamesa and Microsoft have used the product. tech.eu profiled Valuer a couple years back.
Now the business says it’s ready to scale worldwide.
Co-founder and CEO Dennis Poulsen went in to more detail about growth plans: “We expect that our annual recurring revenue will increase to $3 million in 2021 and increase fivefold in 2023, and that goal is part of our ambitious growth strategy, which we are ready to begin with an IPO.”
Through pre-IPO sales back in December, the startup has already raised $8.9 million.