About Paperflow
Paperflow is a company based in Copenhagen (Denmark) founded in 2015 by Bent Bang-Jensen, Toke Kruse, and Joachim Harding Spangsberg was acquired by Boyum IT Solutions in August 2022. It operates as a AI-as-a-Service. Paperflow has raised $697.94 thousand across 5 funding rounds from investors including Boyum IT Solutions. Paperflow offers products and services including Paperflow Engine. Paperflow operates in a competitive market with competitors including Box, Acquia, M-Files, PandaDoc and Automattic, among others.
- Headquarter Copenhagen, Denmark
- Founders Bent Bang-Jensen, Toke Kruse, Joachim Harding Spangsberg
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website paperflow.com
- Social LinkedIn Instagram YouTube Threads
- Acquired by Boyum IT Solutions (Aug 2022)
- Legal Name Boyum It Solutions A/S
- Total Equity Funding$697.94K (USD)
in 5 rounds
- Latest Funding Round$133.86K (USD), Seed
Oct 2020
- Investors
- Acquired byBoyum IT Solutions
(Aug 2022)
Products & Services of Paperflow
Paperflow offers a comprehensive portfolio of products and services, including Paperflow Engine.
AI-powered data capture from financial documents is provided.
Apps and channels of Paperflow
its YouTube channel Boyum IT Solutions has 140 subscribers and 30 videos.
Videos from Paperflow
The most watched videos on Paperflow's YouTube channel, Boyum IT Solutions (140 subscribers). Click a video to play it here.
More on Boyum IT Solutions.
Funding Insights of Paperflow
Paperflow has successfully raised a total of $697.94K across 5 strategic funding rounds. The most recent funding activity was a Seed round of $133.86 thousand completed in October 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $697,941
- Total Rounds 5
- Last Round Seed — $133,863
- First Round $35,582
(Oct 2015)
All 5 funding rounds of Paperflow with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2020 | $133,863 | Seed | $3M | – | – |
| Jul 2019 | $425,106 | Seed | $1.75M | – | – |
| Aug 2017 | $22,398 | Seed | $••••• | – | – |
| Aug 2016 | $80,992 | Seed | $••••• | – | – |
| Oct 2015 | $35,582 | Seed | $••••• | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2020 | $3M | •••••••• |
| Jul 2019 | $1.75M | •••••••• |
Last known valuation $3M (Oct 2020). 1 investors in total: 1 institutional.
Investors in Paperflow
Paperflow has secured backing from 1 investor. Prominent investors backing the company include Boyum IT Solutions.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
SAP implementation and IT consulting services are provided. | 1997 | boyum-solutions.com | Brabrand, Denmark |
Investor details for Paperflow
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
People of Paperflow
6 people are tracked at Paperflow (6 in leadership).
| Name | Role | Group |
|---|---|---|
Bent Bang-Jensen | Founder | Leadership |
Toke Kruse | Co-Founder & Co-CEO | Leadership |
Joachim Harding Spangsberg | Co-Founder | Leadership |
Carsten Mogensen | Chief Financial Officer | Leadership |
Benjamin Grøn Laursen | Head of Operations & Onboarding and Board Member | Leadership |
Jesper Vraa Hendriksen | CEO | Leadership |
Complete people profiles for Paperflow
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Paperflow
5 dated milestones of Paperflow across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Paperflow is founded.
- Funding First funding round of $36K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $134K.
- Exit Acquired by Boyum IT Solutions.
Competitors of Paperflow
Paperflow operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Box, Acquia, M-Files, PandaDoc and Automattic, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| box.com | 2005 | Redwood, United States | $692.63M | – | AI-based platform for secure collaboration and content management is utilized. | |
| acquia.com | 2007 | Boston, United States | $173.5M | 78 | AI powered digital experience and customer data management platform | |
| m-files.com | 1989 | Plano, United States | $125.52M | 118 | Documents are managed and automated for enterprise knowledge work. | |
| pandadoc.com | 2011 | San Francisco, United States | $69.81M | 181 | Document workflows are automated and managed for sales teams. | |
| ma.tt | 2005 | San Francisco, United States | – | – | Automattic is engaged in developing web and messaging solutions. | |
| conga.com | 2006 | Broomfield, United States | $140.09M | 266 | Contract lifecycle management is facilitated via a cloud-based platform. | |
| newgensoft.com | 1992 | Delhi, India | $17.7M | 4,043 | Cloud-based content service platforms are provided for enterprise automation. | |
| airslate.com | 2006 | Brookline, United States | $161.5M | 41 | Provider of no code business automation solutions | |
| instabase.com | 2015 | San Francisco, United States | $321.92M | 136 | Business processes are automated via customizable apps and AI tools. | |
| kaltura.com | 2006 | New York, United States | – | 580 | Offers cloud-based video solutions tailored for the media and entertainment industry. |
Detailed competitors of Paperflow
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Latest news on Paperflow
Complete news archive for Paperflow
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Paperflow
10 companies that operate in the same segment as Paperflow (Enterprise Software & Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-based platform for secure collaboration and content management is utilized. | 2005 | Redwood City, California, United States | USD 692.63 M | USD 1.18 B | 2,810 | |
Cloud-based big data warehouse for enterprise data management is provided. | 2012 | Bozeman, Montana, United States | USD 1.56 B | USD 3.63 B | 7,830 | |
Cloud based project management platform | 2016 | Palo Alto, California, United States | USD 535.25 M | – | – | |
Enterprise data security software is provided for digital asset protection. | 2008 | Milpitas, California, United States | USD 51.78 M | USD 14.56 M | 223 | |
Cloud based data streaming analytics and governance platform | 2014 | Mountain View, California, United States | USD 456 M | USD 963.64 M | 3,060 | |
AI powered digital experience and customer data management platform | 2007 | Boston, Massachusetts, United States | USD 173.5 M | USD 14.84 M | 341 | |
Platform that offers data governance and file sharing solutions | 2006 | Mountain View, California, United States | USD 136.5 M | USD 8.93 M | 222 | |
Cloud-based video solutions for media, entertainment, and education are provided. | 2006 | New York, New York, United States | USD 145.1 M | – | 580 | |
Data management platform for integration, quality, and governance is provided. | 2005 | Redwood City, California, United States | USD 102 M | USD 5.4 M | 64 | |
Cloud-based platform for enterprise search | 2019 | Palo Alto, California, United States | USD 765.3 M | – | – |
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Frequently Asked Questions about Paperflow
Paperflow was founded in 2015.
Paperflow is headquartered in Copenhagen, Denmark.
Toke Kruse is the current CEO of Paperflow. They have also founded this company.
Paperflow is a funded company, having raised a total of $697.94K across 5 funding rounds to date. The company's 1st funding round was a Seed of $35.58K, raised on Oct 2015.
Paperflow is offered as a sophisticated AI-powered data processing engine by Boyum IT Solutions. It is designed to automate the capture, extraction, and categorization of data from financial documents such as invoices and receipts. Integration with ERP systems is supported to ensure seamless data management. Advanced OCR technology is utilized for accurate data labeling and validation. The solution serves industries like manufacturing and wholesale, focusing on enhancing operational efficiency through reduced manual effort. Continuous updates are provided to maintain cutting-edge data capture capabilities.
Paperflow offers Paperflow Engine.
Paperflow has 1 investor. Key investors include Boyum IT Solutions.
The valuation of Paperflow is $3M as of Oct 2020.
Paperflow operates through Boyum It Solutions A/S.
Yes. Paperflow was acquired by Boyum IT Solutions in August 2022.