Virtio Due Diligence

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

Denmark · owned by Independent (Denmark) · leern.io · 5 vendors

Leern, powered by Virtio, is a Danish streaming-inspired learning management platform that delivers video, audio, and e-learning (SCORM) content in a familiar streaming-service experience. It enables organisations to build internal academies for onboarding, compliance, product training, and communication, with features including analytics, quiz builders, certificate generation, and SSO integration. The platform is GDPR-compliant, hosted on European servers, and has been IT-security approved by enterprise clients such as Novo Nordisk.

Resilience scores

Technology vendors

Insights

Last updated 2026-09-24 · revision 3

5 direct vendors, 73 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

6 in-scope frameworks identified; showing 3.

GDPR (source) — Evidence found

The company is established in Denmark, an EU member state, and processes personal data of its employees and customers. Its privacy policy explicitly outlines the collection of personal data.

Evidence: https://www.virtio.digital/pages/privacy

Danish Marketing Practices Act — No public evidence

As a company established and operating in Denmark, Virtio is subject to the Danish Marketing Practices Act ('Markedsføringsloven') for all its marketing and commercial activities.

Evidence: https://www.hjulmandkaptain.dk/english/legal-services/marketing-law/, https://businessindenmark.virk.dk/guidance/consumer-and-competition/rules-on-marketing-practice/, https://aurionlearning.com/resources/what-is-the-european-accessibility-act-how-does-it-impact-digital-learning, https://www.iuno.law/en/iunoplus/corporate/legal-news/amendment-of-the-danish-marketing-practices-act-new-disclosure-requirements/

SOC 2 (source) — No public evidence

This is a voluntary assurance framework. As a technology service provider, especially one using cloud hosting, customers frequently request a SOC 2 report to verify controls related to security, availability, and confidentiality.

Financials

Three-year financials

Financial Resilience Score: 6/10

Virtio ApS demonstrates solid financial discipline for a small bootstrapped Danish agency. The company has produced positive net income every year since FY 2019/20, with equity more than tripling from DKK 218K (FY22/23) to DKK 725K (FY24/25) through earnings retention rather than dividend extraction. This bootstrapped funding model means no external capital pressure, and consistent profitability provides a modest but stable foundation. However, absolute scale is very small: gross profit of ~DKK 2.5M and equity under DKK 1M leave minimal buffer against client loss or a weak year. EBIT declined 13.7% in FY 2024/25 despite gross profit growth, indicating rising costs likely tied to investment in the Leern SaaS platform (version 2.0 in development). With only 3 average employees (5 registered), the business is highly dependent on its two founders. Revenue is undisclosed, limiting visibility into gross margin, customer concentration, and pricing power. The pivot to a SaaS learning platform is promising but unproven at scale in a highly competitive EdTech market.

Key strengths: Consistent profitability every year since FY 2019/20, Equity more than tripled from DKK 218K to DKK 725K in two years, Bootstrapped with no external funding pressure, Blue-chip Danish references (KL, HK trade union), Strategic diversification into SaaS via Leern platform, Earnings retained rather than distributed as dividends

Risk factors: Very small absolute scale (equity under DKK 1M), EBIT declined 13.7% in FY 2024/25 due to platform investment, Key-person risk with only 3-5 employees and two founders, Revenue not disclosed, limiting outside financial analysis, Geographic concentration in Denmark, Highly competitive EdTech/learning market, Single-client loss could materially impact operations

Revenue by geography

Workforce by country

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