Formalize, a Copenhagen-based compliance software program firm, has raised €30 million in a Collection B funding spherical to speed up its mission of changing into Europe’s main platform for governance, threat, and compliance.
The spherical was co-led by Acton Capital (DE) and Blackfin Tech (FR), with participation from West Hill Capital and CIBC Innovation Banking. The corporate has raised a complete of €50 million to this point and counts greater than 160 staff.
“Compliance is now not non-obligatory; it’s important for doing enterprise. At Formalize, we’re constructing a future the place automation and AI simplify GRC for European SMBs with out ever compromising on safety or the native experience that defines us. Our potential to scale and ship worth to hundreds of corporations locations us on the forefront of Europe’s regulatory panorama,” says Jakob Lilholm, CEO and Co-founder of Formalize.
This Collection B raised positions the Danish compliance software program supplier among the many main European GRC (governance, threat and compliance) funding rounds of 2025.
Inside this 12 months, Dataships (Eire) secured €6.8 million to show data-compliance into an e-commerce progress engine, whereas Germany’s Sunhat raised €9.2 million for its ESG and non-financial data-compliance platform.
Collectively, these investments sign sustained momentum in European compliance and regulatory-technology innovation, as buyers again platforms that automate threat administration and data-protection processes throughout sectors.
“This funding spherical displays the robust momentum Formalize has constructed throughout Europe and the boldness buyers have in our execution. We’ve proven that compliance is mission-critical for companies of all sizes, and this capital permits us to proceed scaling with self-discipline, strengthening our product and increasing our European footprint,” says Formalize CFO, Christian Jessen.
Based in 2021, Formalize is a compliance software program firm serving to companies navigate advanced regulatory and threat necessities. Its platform automates compliance processes for NIS2, DORA, ISO27001, GDPR and extra. Formalize serves over 8,000 clients and has workplaces in Copenhagen, Aarhus, Madrid and Milan.
Since its inception, and strengthened by its Collection A in 2024 (as lined by EU-Startups), Formalize has developed right into a trusted resolution for greater than 8,000 organisations and over 850 consultancies and regulation companies.
A robust instance of this traction is in Spain, the place Formalize has been chosen because the nationwide whistleblowing authority, giving hundreds of thousands of staff a safe channel to talk up.
“It’s more and more arduous for small and mid-sized corporations within the EU to deal with all the necessities imposed on them by regulation. Formalize has impressed us with a superior resolution that permits corporations to have all processes and knowledge required absolutely beneath management. No different resolution we checked out acquired even near Formalize’s functionality to seize the particularities of all international locations and industries whereas retaining the answer straightforward to deal with,” says Fritz Oidtmann, Managing Accomplice at Acton Capital.
The brand new funding will allow Formalize to strengthen its place because the go-to compliance operations platform in Europe and scale its presence in key markets corresponding to DACH and France, opening new workplaces and rising native groups to help clients and companions on the bottom.
“At BlackFin Tech, we’re an increasing number of satisfied that Formalize has assembled the fitting product and staff to personal SME compliance in Europe, turning GDPR, NIS2, and DORA into easy, scalable workflows. With stellar progress and AI accelerating adoption, they’re within the excellent spot to transform regulatory burden right into a aggressive benefit,” says Michele Foradori, Managing Director at BlackFin Tech.
