Quick Facts
Formalize, a Danish regtech startup, has raised €30 million in Series B funding to expand its compliance automation platform across Europe.
The round was co-led by Acton Capital and BlackFin Tech, with participation from West Hill Capital and CIBC Innovation Banking.
Founded in 2021, Formalize helps organizations streamline compliance with European regulations including GDPR, NIS2, DORA, and ISO 27001.
The platform currently supports over 8,000 organizations and 850 consultancies and law firms across multiple European markets.
This new investment brings Formalize’s total funding to approximately €50 million to date.
The company plans to use the funds to strengthen its presence in France and the DACH region by opening new offices and hiring regional teams.
Formalize’s localized approach to European governance, risk, and compliance (GRC) differentiates it from global competitors.
The startup also powers Spain’s national whistleblowing platform, expanding its operational footprint across EU jurisdictions.
Its rapid growth underscores increasing demand for scalable, regulation-specific compliance tools in Europe’s digital governance landscape.
Formalize aims to become the leading European GRC platform by integrating AI-driven compliance workflows for businesses and institutions.