KRING Due Diligence

Run due diligence on KRING: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by KRING Group A/S (Denmark) · Kring.com · 7 vendors

KRING is a Copenhagen-based early-stage venture capital fund with an operating team, founded by Martin and Jesper Kring. The fund invests DKK 1.5–3M at pre-seed and seed stages, focusing primarily on health, wellbeing, and the built environment. Beyond capital, KRING's in-house team actively supports portfolio companies in sales and growth, finance, and technology.

Resilience scores

Technology vendors

Insights

Last updated 2026-10-29 · revision 3

7 direct vendors, 127 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

10 in-scope frameworks identified; showing 3.

SOC 2 (source) — No public evidence

A voluntary assurance framework relevant for technology-focused firms, including fintech investors, to demonstrate the security, availability, and confidentiality of their systems and data.

Danish Financial Business Act — No public evidence

As a financial services company, likely an AIFM, operating in Denmark, it would be subject to the primary legislation governing financial companies and supervision by the Danish FSA.

AIFMD — No public evidence

The company describes itself as a 'family of impact funds' and a 'venture studio and fund', which falls under the definition of an Alternative Investment Fund Manager (AIFM) in the EU.

Financials

Three-year financials

Financial Resilience Score: 5/10

KRING A/S has executed a credible turnaround, moving from consecutive losses in 2021-2023 to profitability in 2024 and 2025. The solvency ratio has improved every year from -54.4% in 2023 to -46.0% in 2024 to -23.5% in 2025, indicating equity is being rebuilt from retained profit. Liquidity is adequate with a current ratio of 124% in 2025 (178.5% in 2024), and return on assets stood at a healthy 10.9% in 2025. The company also benefits from a strong network of former Danish blue-chip CEOs as LPs and board advisors. However, resilience remains constrained by persistently negative equity since 2021 (DKK -1,427K in 2025), which under Danish company law can trigger board obligations. Margins compressed in 2025 with gross profit down ~9% and EBIT nearly halved YoY despite adding headcount, suggesting rising cost pressure. The operation is small-scale (14 employees, ~DKK 12M gross profit) with little buffer, revenue is not disclosed limiting external assessment, and the ultimate ownership structure contains circular ownership that cannot be reliably mapped. On balance, the company is improving but still financially fragile.

Key strengths: Turnaround to profitability sustained across 2024 and 2025, Solvency ratio improved from -54.4% (2023) to -23.5% (2025), Current ratio of 124% in 2025 indicates adequate short-term liquidity, Return on assets of 10.9% in 2025 rated 'God' by Proff, Strong LP/advisor network including former CEOs of DSV, Ørsted, Novozymes, GN, Pandora, Portfolio exits achieved (TestaViva, Sequence, Enova, Bolighed), DKK 156M committed in current fund with 23+ companies built since 2016

Risk factors: Negative equity every year since 2021 (DKK -1,427K in 2025), Solvency ratio categorised 'Ikke tilfredsst.' (unsatisfactory), Margin compression in 2025: gross profit -9.3%, EBIT -36.2% YoY, Small scale with only 14 employees and DKK ~12M gross profit provides minimal buffer, Revenue (nettoomsætning) not disclosed, limiting credit assessment, Parent entity KRING Group A/S has very low gross profit (DKK 105K in 2025), Opaque ultimate ownership with circular ownership structure

Revenue by geography

Workforce by country

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