Compliance platform Formalize secures €30m boost
Summary
Formalize raised €30 million in a Series B round to speed up its expansion across Europe. The company builds an all-in-one GRC platform that helps SMEs manage GDPR, NIS2, DORA, ISO 27001, and other compliance demands. It plans to open new offices, hire local teams, and invest further in AI-driven product development. The funding also supports its push to strengthen its position in DACH and France and scale its European footprint.
Funding
Amount
$32.4M
Total raised
Date
October 28, 2025
Announcement date
Investors
West Hill Capital, Acton Capital
Lead investors
Company
formalize.com
Funded company
Classifications
industries
No industries detected
applications
ERP & Process Management
AskAI Classifications
Labels
Compliance Software
GRC Software
SaaS
Linked Companies
Formalize
$10M to $25M