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Case Study

How Martin Rasmussen Co-founded Danish Lead Co. and Scaled to $30M With Smartlead

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Updated On :
June 25, 2026
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Martin Rasmussen was closing deals and running Facebook ads. Frederik Jakobsen was building cold email systems in his bedroom. Neither of them knew the other existed.

Then Spain happened.

Two people who had never met ended up in the same country at the same time by coincidence. They got talking. Martin Rasmussen saw someone who could build anything technical. Frederik Jakobsen saw someone who could sell anything in front of him. Within months they had formalised what was obvious from the first conversation: they were better together than apart.

That was two and a half years ago.

Today, Danish Lead Co. has served 110+ client teams, generated 10,000 real sales meetings, and driven over $30 million in closed revenue for clients across manufacturing, private equity, marketing, and renewable energy. They did not get there by doing what everyone else in cold outreach does. They got there because one person understood the machine and the other understood the human on the other end of it.

And somewhere in between those two things, they found Smartlead.

Key Takeaways

  • Scale Without Compromise: Danish Lead Co. sends 500,000+ emails per month while maintaining primary inbox placement across every client campaign, driving 10,000 real sales meetings and $30M in closed revenue for clients.
  • Campaign Visibility at Agency Scale: Smartlead's client-level campaign overview gave Martin Rasmussen and Frederik Jakobsen the structural clarity needed to manage 110+ client relationships without losing performance visibility on any single account.
  • Results That Create New Problems: DeltaX, a Netherlands-based bed manufacturer, generated 90 positive replies in a single month and had to pause the campaign to hire additional salespeople because demand outpaced their capacity to respond.

How it All Started: The Story of Danish Lead Co

When Martin Rasmussen and Frederik Jakobsen co-founded Danish Lead Co., the circumstances were about as unplanned as a business partnership can get.

Six months before they launched together, the two had never spoken. Then, by coincidence, both ended up in Spain at the same time.

Frederik Jakobsen had already been running cold email campaigns for clients on his own. Martin Rasmussen was handling the sales side of things, closing deals and running Facebook ads for clients in a range of industries. The moment they started working together, the operation moved faster than either of them had managed alone.

"He was good on the technical side and I was better on the sales side. So we partnered up from then. Even after a few months of just knowing each other, it was just the two of us working closer together."

Initially, Frederik Jakobsen's work was concentrated on Facebook ads, primarily for solar companies. The results were acceptable. Not extraordinary. The channel worked, but it had a ceiling, and that ceiling became visible fast when a commercial client needed to reach B2B decision-makers.

Facebook was the wrong channel for it.

"I thought, why not just try cold email for this client as well. Turns out it worked way better than Facebook ever had. And since then we've been ramping up and doing it for more than 15 solar clients on and off."

From that pivot, Danish Lead Co. grew from a two-person operation into one of the most productive cold outreach agencies in the market, with Martin Rasmussen and Frederik Jakobsen building a client base spanning manufacturing, private equity, marketing, and renewable energy sectors across multiple markets.

Key Challenges Faced Along the Way

Inadequate Campaign Management Across Multiple Clients

Danish Lead Co.'s initial platform could not cope with their scaling operational needs. As Martin Rasmussen and Frederik Jakobsen took on more clients and campaigns, tracking what was running for which client, at what performance level, became unmanageable.

"In InstaLive, it was very, very hard for us to keep track of all the campaigns and everything."

Campaign organisation became cumbersome and operational bottlenecks compounded with every new client they signed. The lack of a clean, structured overview meant the team was spending time looking for information instead of acting on it.

Platform Instability During a Critical Growth Phase

After moving away from their first platform, Danish Lead Co. migrated to a second tool. That platform went bankrupt. Losing the infrastructure an agency runs on in the middle of a rapid growth phase is not a minor inconvenience. It is an existential threat to every active client campaign.

No Structural Overview for Client-Level Reporting

Without a clean, client-level view of campaign performance, Martin Rasmussen and Frederik Jakobsen could not efficiently demonstrate results to clients or identify which campaigns needed immediate attention. Proving value at scale requires data that is easy to surface, not buried across disconnected dashboards.

Managing Replies Across Multiple Clients at Volume

As the number of active campaigns grew, so did the volume of incoming replies. Managing out-of-office responses, re-engaging contacts after their return, and ensuring positive replies were acted on quickly became operationally demanding without the right infrastructure to support it.

How Smartlead Helped to Solve the Challenges

The move to Smartlead marked a decisive shift for Danish Lead Co. The platform's capabilities addressed the specific operational problems that had held the agency back on every prior tool.

Smartlead's client-level campaign overview gave Martin Rasmussen and Frederik Jakobsen the structural clarity the operation had been missing. For the first time, they could see exactly what was running for each client, how it was performing, and where attention was needed, all from a single view.

"It's the whole campaign overview on client basis and being able to have that simple overview: this client, we run these campaigns, they are performing like this. That was the most important thing for us back then, and it's still one of the biggest ones. Having that overview allows us to do all our work very efficiently."

The unified master inbox solved the reply management problem across multiple client accounts simultaneously. Replies are categorised automatically, out-of-office contacts are re-engaged after their return, and positive signals reach the team without anything falling through the cracks.

"The inbox. Very easy. Checking is going on by itself. It's very accurate. And we're able to use that together with all the tools so we can ramp that up for our clients."

The API connected everything else. Every platform the agency uses, every workflow they run, feeds through Smartlead. What was previously a collection of disconnected tools became a single operating system.

"The API allows us to connect all our other platforms through this and make it very easily."

And campaign setup, which had previously been slow and inconsistent across platforms, became fast, precise, and repeatable.

"The whole way you have set it up to build the campaigns is very, very easy and seamless. We can set up a lot of campaigns in a low amount of time, and we always know if we have taken the right steps."

  • Client-level campaign overview: Clear, structured visibility across all active campaigns for every client from one dashboard
  • Unified master inbox with auto-categorisation: Replies managed automatically, out-of-office contacts re-engaged, positive replies surfaced immediately
  • API connectivity: Full integration with every other platform in the agency's toolstack
  • Fast campaign setup: New campaigns built quickly and consistently, with confidence that every step has been taken correctly

Key Factors Contributing to Success

Several factors have contributed to Danish Lead Co.'s results with Smartlead. The platform's reliability in handling 500,000+ emails per month while maintaining primary inbox placement has been foundational. Without that deliverability floor, the volume means nothing.

The campaign overview allowed Martin Rasmussen and Frederik Jakobsen to work efficiently across 110+ client relationships without losing visibility on any single account. When you can see everything clearly, you fix problems faster and double down on what is working.

The API gave the agency the flexibility to build the exact operation they needed rather than conforming to what a platform assumed they would want. For a team that thinks in systems, that matters as much as any individual feature.

"We run our entire business on your platform. We're sending plus 500,000 emails a month right now. The fact that we're able to do that and still primarily land in the inbox and generate 500+ meetings for clients, all of that wouldn't have been possible without Smartlead."

  • Deliverability at volume: 500,000+ emails per month with consistent primary inbox placement across all client campaigns
  • Structural clarity: Client-level campaign visibility that makes a lean team scalable across 110+ relationships
  • API-first architecture: Full connectivity with every tool in the agency's stack, no manual handoffs between systems
  • Campaign setup speed: New campaigns launched quickly, precisely, and repeatably across a high-volume client base

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Notable Achievements

Smartlead's impact on Danish Lead Co. has been compounding since the first day they moved to the platform. The headline numbers across two and a half years:

  • 110+ client teams served across manufacturing, private equity, marketing, and renewable energy
  • 10,000 real sales meetings generated for clients
  • $30M+ in closed revenue attributed to cold outreach campaigns
  • 500,000+ emails sent per month with consistent primary inbox placement
  • 500+ meetings booked in the first months of using Smartlead
  • 22 new clients acquired within the first year through Smartlead campaigns
  • $1.3M single deal closed from a lead generated via Smartlead
  • Best campaign ever: 50 to 70 emails per positive reply, running for nearly two years
  • DeltaX, Netherlands: 90 positive replies in a single month, client paused to hire new salespeople
  • Private equity and MSA client: 300 to 500 emails per positive reply, consistent results over 12+ months

300 to 500 Emails Per Positive Reply, 12+ Months Running

This campaign has been active for over a year and continues to produce consistent results. For a private equity and MSA firm, where each qualified conversation represents a significant potential deal size, consistency matters more than any single result.

"Per positive reply we're seeing around 300 to 500 emails. Just overall a really performing campaign, very happy client, been working with them for more than 12 months."

DeltaX, Netherlands: 90 Replies in One Month

DeltaX is a bed manufacturer based in the Netherlands. The campaign ran at 200 to 300 emails per positive reply and delivered 90 positive replies in a single month.

The client paused the campaign. Not because it was failing. Because it was working faster than their sales team could keep up with.

"We're down at 200 to 300 emails per positive reply. Generated 90 replies on a single campaign in a month's time. They had to pause with us because they had to hire new salespeople because they couldn't keep up with the demand."

50 to 70 Emails Per Positive Reply - The Best Campaign Danish Lead Co. Has Ever Run

Martin Rasmussen describes this as their best performing campaign ever. The client has been with the agency for almost two years. The campaign keeps generating new results every month with no sign of decay.

"We think that's our best performing campaign ever. We're down at 50 to 70 emails per positive reply. Been working with the client for almost two years and continue working extremely well together. Keep generating new results every month."

Vision for the Future with Smartlead

Martin Rasmussen and Frederik Jakobsen are not finished building.

Two things sit at the top of their wishlist for where the platform goes next.

The first is system speed. At 500,000 emails per month across 110+ clients, every second of latency in the interface has a real cost across the team's daily workflow.

"Your system needs to be faster. That's the most important thing. We sit and wait sometimes and just want to be able to get on with it."

The second is more ambitious. Martin Rasmussen wants AI-powered inbox managers that can be trained on individual client context and reply to leads on each client's behalf.

"Inbox managers that can actually reply to leads and that we can train on each of our clients. That would be massive."

For an agency managing replies across 110+ client relationships simultaneously, an AI layer that understands each client's tone, offer, and objections would change the economics of the operation entirely. It is the logical next step for a team that has already automated everything else.

Danish Lead Co.'s trajectory over two and a half years is a direct product of finding the right infrastructure at the right time. Martin Rasmussen and Frederik Jakobsen continue to scale, serve new markets, and push the ceiling of what a lean team running one platform can produce for their clients.

Ready to Replicate These Results

You can replicate these results when you treat cold outreach as a system rather than a guessing game.

Start by fixing deliverability with Smartlead's automated warm-up. Build your campaign architecture on a client-by-client basis so you always have a clear view of what is running and how it is performing. Connect your tooling through the Smartlead API so the entire operation runs as one connected system.

The difference between 300 emails per positive reply and 50 emails per positive reply is not luck. It is two years of iteration, precise targeting, and infrastructure that never lets an email land in spam.

Ready to build your own outbound engine?

Start your free trial on Smartlead and use the same infrastructure Martin Rasmussen and Frederik Jakobsen used to generate 10,000 sales meetings and $30 million in client revenue.

Review the complete Smartlead pricing breakdown to see how the model scales for agencies operating at volume.

For more on how leading cold outreach agencies run on Smartlead, read the complete guide to managing cold email at agency scale or start with the email deliverability guide before your next campaign launch.

Ready to Turn Cold Emails Into Predictable Revenue?

Agencies like Danish Lead Co. are generating 10,000+ sales meetings and $30M+ in revenue using Smartlead to scale outbound without losing deliverability or control.

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Frequently Asked Questions

How do you manage cold email campaigns across 100+ clients without losing visibility?
Martin Rasmussen's answer is the campaign overview in Smartlead. A clean, client-by-client view of what is running and how it is performing. That overview is what makes the entire operation manageable for two people serving 110+ teams simultaneously.

What does 50 to 70 emails per positive reply mean in practice?
It means roughly one in every 60 people you contact becomes a qualified, interested conversation. At that rate, pipeline becomes predictable. It is the result of nearly two years of iteration on a single campaign, not a one-time result from a lucky send.

What happens when cold email works too well?
DeltaX had to pause their campaign and hire additional salespeople because 90 positive replies in a single month overwhelmed their existing team. The bottleneck shifted from lead generation to sales capacity. That is the best problem a cold outreach campaign can create for a client.

How do you send 500,000 emails a month without landing in spam?
Consistent warm-up, mailbox rotation, and infrastructure that never cuts corners on deliverability. Danish Lead Co. has run at that volume on Smartlead for two and a half years without a critical deliverability failure.

How important is the API for running an outreach agency at scale?
For Danish Lead Co. it is foundational. Every other platform they use connects through Smartlead's API. Without it, the operation would require manual coordination across disconnected tools. With it, the whole system runs as one.

Is cold email viable for European markets?
Yes. DeltaX is a Netherlands-based manufacturer and their campaign produced 90 positive replies in a single month. Market and language are variables. Infrastructure and targeting precision are what determine results.

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