Originally Bifrost is funded by a number of private shareholders and DTU – Technical University of Denmark.
A selection of our grants and investors

Proof of Concept (PoC) grant from DTU.
DKK 1 000 000 (approx. US$ 145 000)
DKK 1 000 000 (approx. US$ 145 000)

Alexander Foss’s Industrifond.
DKK 125 000 (approx. US$ 18 000)
DKK 125 000 (approx. US$ 18 000)

Climate KIC – European Institute of Innovation
Phase I € 25 000 (approx. US$ 27 000)
Phase I € 25 000 (approx. US$ 27 000)

Climate KIC – European Institute of Innovation
Phase II € 25 000 (approx. US$ 27 000)
Phase II € 25 000 (approx. US$ 27 000)


DKK 500 000 (approx. US$ 72 000) Prize from
Industrial Foundation Denmark, as winning prize for
being selected Entrepreneurial Start-Up of the Year 2017
Industrial Foundation Denmark, as winning prize for
being selected Entrepreneurial Start-Up of the Year 2017

DKK 4 million (approx. US$ 600 000) early stage
venture capital from Borean Innovation.
venture capital from Borean Innovation.

The Christian Nielsens Foundation increases their
investment in Bifrost to a total of more than
DKK 1.2 million (approx. US$ 185 000).
investment in Bifrost to a total of more than
DKK 1.2 million (approx. US$ 185 000).

The Market Development Fund provides co-funding
to Bifrost to reach successful market introduction and
enter into the final product development phase.
to Bifrost to reach successful market introduction and
enter into the final product development phase.