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, danger, 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 workers.
“Compliance is not optionally available; 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 means 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, danger 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 danger administration and data-protection processes throughout sectors.
“This funding spherical displays the robust momentum Formalize has constructed throughout Europe and the arrogance 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 danger necessities. Its platform automates compliance processes for NIS2, DORA, ISO27001, GDPR and extra. Formalize serves over 8,000 clients and has places of work in Copenhagen, Aarhus, Madrid and Milan.
Since its inception, and strengthened by its Collection A in 2024 (as covered by EU-Startups), Formalize has advanced right into a trusted resolution for greater than 8,000 organisations and over 850 consultancies and legislation corporations.
A powerful instance of this traction is in Spain, the place Formalize has been chosen because the nationwide whistleblowing authority, giving hundreds of thousands of workers a safe channel to talk up.
“It’s more and more onerous 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 enables corporations to have all processes and information required absolutely beneath management. No different resolution we checked out received even near Formalize’s functionality to seize the particularities of all nations and industries whereas maintaining the answer straightforward to deal with,” says Fritz Oidtmann, Managing Companion 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 similar to DACH and France, opening new places of work and rising native groups to assist clients and companions on the bottom.
“At BlackFin Tech, we’re increasingly satisfied that Formalize has assembled the best product and crew 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 good spot to transform regulatory burden right into a aggressive benefit,” says Michele Foradori, Managing Director at BlackFin Tech.
