Startups

Paperflow
Copenhagen, Denmark
Paperflow is the Danish AI-based invoice and document-processing software business originally incorporated as Paperflow ApS, formerly Bilagscan, CVR37035785, on 27 August 2015. Its machine-learning software extracts and structures invoice information for accounting and ERP workflows, reducing manual document entry. The historical Copenhagen company was co-founded by Werner Valeur (formerly Toke Kruse), Dan Rose Johansen and Preben Damgaard. It is distinct from unrelated PaperFlow notebook applications and scientific-paper tools. Boyum IT acquired the company in August 2022; seller Damgaard’s announcement says August1 whereas the buyer-investor release describes August5, so the exact transaction day is qualified as unresolved. Founder Dan Rose Johansen announced his departure as CEO in2020; Carsten Nørrevang Mogensen was CEO before the2022 sale and subsequently announced his departure. The signed2022 legal annual report identifies Mikael Boyum as executive/CEO as of its March22,2023 signing. These company affiliations are historical rather than a claim of a current independent executive team. On February25,2026 Digisense announced it had bought the Paperflow SOFTWARE from Boyum IT; this is an asset transfer, not evidence that Digisense bought the entire historical legal company. The original paperflow.com domain now redirects to Digisense’s Paperflow product page. Digisense A/S, CVR32082378, is a distinct current software provider; its own executives are not automatically employees of historical Paperflow ApS. Damgaard confirms it was a co-founder and seed investor. A December2019 CVX interview reports nearly DKK15M raised cumulatively, approximately DKK9M through the CVX platform; those figures are not a verified fresh priced round or CVX’s own principal investment. Neither the2022 company purchase nor2026 software purchase discloses a price. A2022 annual-report parent subsidy/support statement does not establish fresh cash proceeds or a financing-round allocation. Current legal status of the historical ApS after the2026 asset transfer, transaction consideration, detailed historical round allocations and a current independent staff directory remain unpublished or unverified. This is enterprise AI document automation; no neuroscience or clinical product claims are inferred. The current own Boyum legal-group directory identifies Boyum IT Solutions CPH ApS under the SAME DanishCVR37035785, establishing a renamed historical subsidiary rather than a second issuer. That directory does not establish current legal activity; a subsequently reported merger/dissolution requires direct registry confirmation and is retained as a verification gap. Historical role coverage also includes the complete signedMay27,2021 public executive and board roster; public legal directors are distinguished from employees.
Founded 2015




