Formalize, a Copenhagen-based conformity software program firm, has actually increased EUR30 million in a Collection B financing round to increase its goal of ending up being Europe’s leading system for administration, threat, and conformity.
The round was co-led by Acton Funding (DE) and Blackfin Technology (FR), with engagement from West Hillside Funding and CIBC Development Financial. The firm has actually increased a total amount of EUR50 million to day and counts greater than 160 workers.
“ Conformity is no more optional; it’s important for working. At Formalize, we’re constructing a future where automation and AI streamline GRC for European SMBs without ever before endangering on safety or the regional knowledge that specifies us. Our capability to range and provide worth to hundreds of business positions us at the center of Europe’s governing landscape,” claims Jakob Lilholm, Chief Executive Officer and Founder of Formalize.
This Collection B increased placements the Danish conformity software program supplier amongst the prominent European GRC (administration, threat and conformity) financing rounds of 2025.
Within this year, Dataships (Ireland) protected EUR6.8 million to transform data-compliance right into a shopping development engine, while Germany’s Sunhat increased EUR9.2 million for its ESG and non-financial data-compliance system.
With each other, these financial investments signal maintained energy in European conformity and regulatory-technology technology, as financiers back systems that automate threat monitoring and data-protection procedures throughout markets.
“ This financing round shows the solid energy Formalize has actually constructed throughout Europe and the self-confidence financiers have in our implementation. We have actually revealed that conformity is mission-critical for organizations of all dimensions, and this resources enables us to proceed scaling with technique, reinforcing our item and broadening our European impact,” claims Formalize CFO, Christian Jessen
Established In 2021, Define is a conformity software program firm aiding organizations browse intricate governing and threat demands. Its system automates conformity procedures for NIS2, DORA, ISO27001, GDPR and even more. Define offers over 8,000 consumers and has workplaces in Copenhagen, Aarhus, Madrid and Milan.
