PropTech in Denmark
Real estate is facing radical change as new demands and technological opportunities change the way we value and interact with property worldwide. When investing in buildings today, there is a need for energy efficiency and sustainability and the key to making this happen are new technologies. Right now, the Danish PropTech scene is booming with innovative technologies that will help the digital transformation of the real estate sector.
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A strong PropTech ecosystem
The Danish PropTech ecosystem is embedded in the real estate sector that has for long been world-famous for its green and human-centric approach to buildings, public spaces, cities – and for mastering cross-disciplinary collaboration.
Denmark has also been a frontrunner in digitising financial and reporting processes related to real estate transactions, including transactions with public authorities and the financial sector. The advantage for Danish proptech scene is there and the development is moving incredibly fast.
PropTech Denmark, a non-profit member organisation, gathers and promotes collaboration between the different types of players in the PropTech ecosystem including startups and large established real estate companies. They nurture innovation, technological development, and digital transformation in real estate.
PropTech LAB, a dedicated co-working and innovation space in central Copenhagen, is a collaboration between PropTech Denmark and Bloxhub. The PropTech ecosystem is strongly embedded in the real estate ecosystem in Denmark, represented by Proptech Denmark, and in Bloxhub’s broader cross-disciplinary network and community of architects, designers, engineers, consultants, city planners and NGO’s working within sustainable city planning and development.
Danish PropTech in numbers
€ 46 million
invested in PropTech startups, 2021
employees in PropTech startups
Pre-digital PropTech leaders
From 1930 to the 1950's a large number of pre-digital PropTech companies were born. Today global leaders within mechanical and digital energy metering and control including Danfos, Grundfos, Kamstrup and Brunata.
The Sydney Opera
Using new revolutionizing design and construction technologies and building on extensive cross-disciplinary approaches, Danish architect Jørgen Utzon shows the world the power of using technology and design in innovating the built world.
Digitsation of buildings data
Digitising the Central Register for Buildings (BBR). Contains each individual building’s and unit’s location, purpose, year of construction, technical conditions and electrical installations, layout and tenancy. Today most data can be accessed automatically by an open API.
Digital Mortgage Deeds
As the first-ever country in the world, Denmark digitises mortgage deeds laying the ground for one of the most digital and transparent mortgage systems in the world.
Proptech Denmark is founded gathering players all across the Danish PropTech and real estate ecosystem on a joined agenda in accelerating digital transformation in real estate.
First PropTech exits
In 2019 and 2020 we have started to see the first major PropTech exits. In 2019 AirBnB buys Gaest.com and in 2020 EG buys Prosedo.
At the Nordic level, Autodesk buys Spacemaker.ai – a Norwegian PropTech startup with Danish NREP as co-investors.
An ecosystem of many strengths
A digital make-over of one of the oldest industries in the world is happening right here in Denmark and it’s happening fast. Denmark’s stronghold within fintech, a highly digitised public sector, cross sector collaborations, and real estate has been a fertile ground for proptech to grow. This is clear with the impressive results in just a few years, the years to come are looking even brighter.