Bilagscan secured $2.3M from JSBJ Capital and existing investors.

Bilagscan, a Copenhagen, Denmark-based company developing a software as a service solution for the financial industry, announced raising DKK 15M ($2.3M) in capital investment.

The funding was provided by new investor JSBJ Capital, owned by Joachim Harding Spangsberg and Bent Bang-Jensen, and by existing shareholders Seier Capital and Damgaard Company. The money will be used to expand the service availability to the UK market under the name Paperflow.

In connection with the capital funding, the founder Toke Kruse resigns as CEO of the company, and the role is taken by Dan Rose Johansen.

Bilagscan, founded in 2015 by Toke Kruse, built a software solution that automatically retrieves all relevant data from vouchers and receipts with 100% accuracy, regardless of format, for complete digitalization of your workflow and ERP system.

Bilagscan raised another round in 2017.