Copenhagen Optimization: EIC Accelerator Money in Airport Planning
Airports earn money from gates, counters and security lanes they already own, and every new aircraft stand costs between €5 million and €15 million to build, according to the project summary on CORDIS. Copenhagen Optimization sells software that squeezes more out of the existing infrastructure. In the EIC SME Instrument Phase 2 round of 5 June 2019, the Horizon 2020 forerunner of today's EIC Accelerator, it won an EU contribution of €2,153,900.88 for BA-AC, a project to finish the aircraft stand and gate module of its Better Airport platform and pilot it at three major airports. The company is listed under its own name in the European Commission's list of June 2019 winners, with no partner companies.
Seven years later the funded module is on sale and in use, the company employs more than twice as many people, and in January 2025 a Paris-based private equity fund, InfraVia Capital Partners, entered the register with 50% of the votes after announcing the purchase of a majority stake. What the record does not show is whether the company met the commercial targets in its grant proposal.
Company file
- Legal entity
- Copenhagen Optimization ApS, CVR 36414103
- Founded
- 21 October 2014, as an airport operations consultancy
- Headquarters
- Esplanaden 8A, Copenhagen; office in Boston, USA
- Leadership
- Co-CEOs Kasper Hounsgaard and Anders Dohn (founders)
- Owners
- InfraVia Growth Fund I (50% of votes); the founders' holding companies (15% each)
- Product
- Better Airport, a cloud planning suite for check-in, security, baggage, border, stands and gates
- Staff
- 46 average full-time in 2025; 54 registered in 2026
- EIC project
- BA-AC, EIC SME Instrument Phase 2, June 2019, grant only
Where Copenhagen Optimization Stands Now
The company is active and growing, under new ownership. On 3 December 2024 InfraVia announced a purchase agreement for a majority stake through its InfraVia Growth Fund 1, a deal also reported by InfraVia's lawyers at DLA Piper. The acquisition was registered on 15 January 2025, when InfraVia Growth Fund I SLP entered the Danish register with 50% of the votes, the two founders' holding companies kept 15% each, and InfraVia partner Nicolas Slim became chairman, according to North Data and FirmaAPI. The price was not disclosed. The founders stayed on as co-CEOs.
The 2025 accounts, filed with the Danish Business Authority in April 2026, record a capital increase of DKK 15,000,075 linked to the new investor and say that 11 airport clients were added in 2025, naming Brussels, Munich, Dallas Fort Worth, Brisbane and Melbourne. Those five client wins could not be confirmed in any announcement by the airports. In mid-2026 the company held its sixth Better Airport Summit in Copenhagen with 32 airports attending, according to Regional Gateway. The register at ownr lists 54 employees and 50 full-time equivalents in July 2026.
The record
From airport consultancy to a private equity-owned software platform
The EIC grant arrived when Better Airport already had Heathrow as a customer. The module it funded, Better Stand & Gate, is now sold to airports of very different sizes.
- Oct 2014Company registeredFounded in Copenhagen by Kasper Hounsgaard and Anders Dohn
- Mar 2017Better Airport trademarkWord mark registered
- Nov 2018Heathrow contractAfter a one-month trial of three modules
- Jun 2019EIC SME Instrument Phase 2 cut-offBA-AC selectedgrant only
- Oct 2019BA-AC starts€2.15M EU contribution
- Sep 2021BA-AC endsBetter Stand & Gate commercialised
- 2022Boston officeCapital increase and Vækstfonden growth loan
- Dec 2024InfraVia deal signedMajority stake soldacquired
- Jan 2025InfraVia registered as ownerNew board under Nicolas Slim
- Jan 2025Kelowna AirportFive modules, Stand & Gate among them
- Apr 2025JFK Terminal 4 expansionAdds Better Stand & Gate
- 202511 new airport clientsIncluding Brussels, Munich and Dallas Fort Worth
CVR register via North Data, CORDIS, Airport Technology, Future Travel Experience, InfraVia Capital Partners.
The Technology: One Plan for the Whole Airport
Large airports traditionally plan each area in its own tool or spreadsheet: one team decides how many check-in counters to open, another schedules security lanes, a third allocates aircraft to stands and gates. Better Airport forecasts passenger and baggage flows from the flight schedule and then optimises each area against that forecast, in one cloud system that all stakeholders can see. Its website lists modules for forecasting, check-in, security, shifts, deployment, baggage, border control, virtual queuing and stands and gates. The CORDIS summary describes the method as "advanced mathematical models" built on "years of consultancy within airport operations".
The stand and gate module was the piece BA-AC paid for. Assigning aircraft to stands and gates is a large scheduling problem with airline preferences, aircraft sizes and turnaround times as constraints, and it decides whether an airport needs to pour concrete for new stands. Stand and gate allocation is a standard task of airport resource management systems, the category in which the company places Better Airport; its CORDIS report calls it the "first holistic next-generation RMS", because the module shares one plan with the passenger-side modules. That claim comes from the company, and no independent comparison of its optimisation results with competing systems could be found.
"Airport technology is moving away from a model in which all elements are connected to the AODB to something more easily integrated into the data layer."
Kasper Hounsgaard, co-CEO, Copenhagen Optimization, in a JFKIAT release published by AviationPros, 11 April 2025What BA-AC Promised, and What CORDIS Shows
BA-AC ran from 1 October 2019 to 30 September 2021, on time, with a total cost of €3,077,001.25. The grant agreement was signed on 30 September 2019, the day before the start. The company was not a newcomer: London Heathrow had selected Better Airport in November 2018, after a one-month trial of its security, check-in and baggage modules, and the deal was also listed in Airport Technology's deals round-up of December 2018.
The project budget
The EU paid 70% of the €3.08M BA-AC project
BA-AC was a single-company project; the EU contribution and the company's own share add up to the total cost on CORDIS.
CORDIS, project 880158. Values in € millions.
The project's final report says Better Stand & Gate was integrated into Better Airport, refined with "positive feedback from our pilot airports", and had "received enough maturation to become a key component of Better Airport, reaching commercialization" by the end of summer 2021, with licences sold that year. It does not name the three pilot airports. The pandemic hit in the middle of the project, and the report describes Heathrow, Copenhagen, Stansted and Singapore Changi using Better Airport to plan check-in counters and baggage belts around physical distancing.
Independent evidence that the module reached customers came later. In January 2025 Kelowna International Airport in Canada bought five modules including Better Stand & Gate, according to Future Travel Experience. In April 2025 the operator of JFK Terminal 4, a customer since 2018, added Better Stand & Gate for automated stand and gate allocation and seasonal capacity planning, as reported by AviationPros and Airport Technology.
- Integrate the stand and gate module into Better AirportDeliveredCommercialised in 2021 per CORDIS; on sale and in use at Kelowna and JFK Terminal 4 in 2025.
- Pilot at three major airports, TRL7 to TRL9Partly verifiableThe report says pilots ran and licences were sold, but names no pilot airport.
- 89 client airports five years after the projectOpenMore than 40 airports in December 2024 per InfraVia, plus 11 added in 2025 per the accounts; the deadline runs to 2026.
- €20M annual recurring revenueNot publicRevenue is not disclosed; gross profit was DKK 57.1M (about €7.7M) in 2025.
- 47 new full-time jobsPartly metAverage full-time staff up by 27 from 2019 to 2025; 60 people at the end of 2025.
The company itself lowered the bar during the project. The original objective on CORDIS foresaw 89 client airports, €20 million of annual recurring revenue, €65.78 million of accumulated revenue and 47 new jobs five years after the project. The final report changed this to 102 client airports, €10 million of annual recurring revenue and 20 new jobs.
What the Company Achieved Since the Award
Growth after the grant came mostly from selling software into more airports and more countries. InfraVia's announcement put the customer count at "more than 40 airports" in December 2024, named Heathrow, Changi and JFK Terminal 4, and gave the company's compound annual growth from 2019 to 2023 as about 50%, with more than half of 2023 annual recurring revenue earned outside Europe. The company opened a Boston office in 2022, which had five staff in 2023 and 2024, and won its first South American client in 2024, according to its annual reports.
The team
Average full-time staff more than doubled after the grant
The BA-AC proposal promised 47 new jobs within five years of the project. Average full-time staff rose by 27 between 2019 and 2025; the company counted 60 people at the end of 2025.
Annual accounts filed with the Danish Business Authority, average number of full-time employees.
Staff numbers differ by source. The accounts report an average of 19 full-time employees in 2019 and 46 in 2025; North Data, which uses the register's headcounts, shows 21 in 2019 and 47 in 2025. Both point the same way.
The Money
Copenhagen Optimization files accounts in reporting class B and does not publish revenue, only gross profit. That figure rose more than fourfold between 2019 and 2025. Profit did not follow: the company has swung between small profits and small losses, with losses of DKK 4.25 million in 2024, which it put down to costs of bringing in the new majority investor, and DKK 3.09 million in 2025, which it put down to a larger sales organisation. Equity rose to DKK 25.97 million at the end of 2025 after the capital increase. Before InfraVia, development was funded by the EU grant, a loan from Vækstfonden, Denmark's state investment fund, the InnoBooster programme and private investors, the 2019 to 2022 annual reports say.
The accounts
Gross profit more than quadrupled; the bottom line hovers around zero
Gross profit rose from DKK 13.0 million in 2019 to DKK 57.1 million in 2025. Revenue is not disclosed. Figures use the comparatives as restated in the following year's accounts, including the corrected 2020 result.
Annual accounts filed with the Danish Business Authority (virk.dk). Values in DKK millions.
A restated grant
The 2021 annual report disclosed an accounting error in the 2020 accounts: too much of the EU grant had been booked as income, overstating 2020 profit by DKK 3,735,029 after tax. The corrected 2020 profit was DKK 2.52 million instead of the DKK 6.25 million first filed. Management wrote that the error "has no impact on the eligibility of the grant" or on its payment schedule.
Copenhagen Optimization is not in the EIC Fund portfolio: a search of all 16 pages of the official list found no entry, which matches a grant-only award. CORDIS lists no other EU research project for the company.
Why Europe Should Care
Airport capacity is a recurring bottleneck in EU transport policy. The Commission's Sustainable and Smart Mobility Strategy pushes the digitalisation of transport, and the BA-AC proposal tied its pitch to the Single European Sky, the EU's effort to modernise air traffic management. Software that lets an airport handle more passengers on existing stands and terminals can delay costly construction, the argument at the heart of the BA-AC proposal. A Danish supplier now plans operations at airports in Europe, North America, Asia and Australia.
Ownership is the other side of that story. The company that the EU helped finish its product is now controlled by a private equity fund, InfraVia, which is itself European and headquartered in Paris. The software stays under European ownership.
What the proposal promised
A finished stand and gate module, pilots at three major airports, 89 client airports, €20 million in annual recurring revenue and 47 new jobs within five years.
What the record shows
The module shipped and runs at JFK Terminal 4 and Kelowna; more than 40 airports at the end of 2024 plus 11 added in 2025, by the company's own counts; 27 more full-time staff; revenue undisclosed; a private equity investor holding 50% of the votes since 2025.
The Verdict
Product delivered, targets unproven
BA-AC did what a development grant is for: it paid for a module that was finished on time and is now sold to airports in Europe and North America. Copenhagen Optimization more than doubled its team and attracted a large infrastructure investor. Whether the grant also delivered the revenue its proposal forecast cannot be checked, because the company does not disclose revenue, and it cut those targets itself before the project ended.
Copenhagen Optimization has not been asked for comment for this article. It is based entirely on public records, company statements and EU project data, linked throughout.
Sources
- CORDIS, BA-AC fact sheet and periodic report
- European Commission, EIC SME Instrument Phase 2 winners, 5 June 2019 cut-off
- InfraVia Capital Partners, purchase agreement, 3 December 2024
- DLA Piper, InfraVia acquisition of a majority stake
- Danish Business Authority, annual reports 2015 to 2025
- North Data, Copenhagen Optimization ApS
- FirmaAPI, CVR 36414103 and ownr profile
- Airport Technology, Heathrow contract, November 2018 and deals round-up, December 2018
- AviationPros, JFK Terminal 4 release, 11 April 2025 and Airport Technology, 14 April 2025
- Future Travel Experience, Kelowna International Airport, January 2025
- Regional Gateway via Ground News, Better Airport Summit 2026
- Copenhagen Optimization, company website
- EIC Fund, invested companies
- European Commission, Sustainable and Smart Mobility Strategy and SESAR Joint Undertaking
Industry
Mobility and transportAviation
- Focus
- Airport and air traffic software
- Technologies
- Optimisation algorithms
- Cloud software
- Keywords
- Airport operations
- Gate planning
- Passenger flow
- Security lanes