Danish West India Company

In March 1659, the Danish Africa Company was started in Glückstadt by the originally Finnish Hendrik Carloff; two Dutchmen, Isaac Coymans and Nicolaes Pancras; and two German merchants, Vincent Klingenberg and Jacob del Boe.

The West India Company was organized on November 20, 1670, and formally chartered by King Christian V on March 11, 1671.

[3] The first successful colonization of Sankt Thomas employed ships of the Royal Dano-Norwegian Navy, the yacht Den forgyldte Krone and the frigate Færøe (referring to the islands, but often erroneously translated as Pharaoh), but the company quickly began employing ships of their own, while occasionally relying on the royal navy for escorts and protection.

At first, the company had difficulties being profitable, but eventually it began to increase revenue by raising taxes and bringing all colonial exports into Copenhagen directly.

Frederik Bargum revived the company as Det Guineiske kompagni via Royal resolution of March 18, 1765, to maintain the trade with the Danish Gold Coast colonies.