The data in depth
One model of the Danish business economy
Bifrost assembles the information Danish companies are required to file under company law into one connected structure, in which companies, founders, owners, investors, corporate vehicles and capital events are linked and followed over time. It resolves ownership through every holding layer, classifies every owner by economic function, and reads each capital event from the registration itself. The result is not a database of records but a model of the economy those records describe.
01 · The source
Verified information
Every observation originates in a statutory filing: incorporations, ownership changes from the five per cent threshold, board and management appointments, capital changes with their subscription price, annual accounts. Each carries the date it was registered. Because the source is legal obligation rather than disclosure by choice, reliability does not depend on who chose to announce what. Every figure traces to its filing and can be audited to the source.
02 · The coverage
Population coverage
Compulsory filing makes coverage a structural property, not a collection effort: 825,000+ companies, 2.3M+ ownership records, 630,000+ equity holders and 370,000+ persons. In practice the model identifies up to ten times as many priced investment deals as leading platforms. Benchmark any company, investor or segment against the whole population rather than a sample.
03 · The grain
Exact detail
Where conventional sources record that a round happened, the model holds the transaction: the amount, the price per share, the implied pre- and post-money valuation, the instrument, the dilution, and the parties. Cap tables resolve in full and evolve event by event. This grain supports questions that could not previously be asked: who actually financed a round and on what terms, how ownership shifted through a growth journey, what a secondary transaction implied about value.
04 · The graph
One connected model
Every entity is one node in one structure. A company reads as a lifecycle: formation, team, financing history, growth, acquisition, relocation or exit. An investor reads as a portfolio with dated entries and exits. A founder reads as a career across companies, boards and investments. Ownership chains resolve through every intermediate vehicle to the ultimate owner, and closed groups consolidate into single economic units so that populations count correctly. Whole-economy questions become single queries.
05 · The compatibility
Transparent and traceable
Every company, entity and person carries a stable identifier compatible with the keys used across Danish administrative data: CVR for companies, and pseudonymised person keys that resolve only inside Statistics Denmark's secure research environment. The model therefore joins directly to a subscriber's own systems and to the national research infrastructure. Documentation ships with every delivery: definitions, lineage and versioned releases.
See it on your own questions
Bifrost 2.0 launches in September 2026, updated monthly through the term.