Formalize raised €15M in a Series A funding round led by BlackFin Capital Partners to expand its compliance software and target the $54B GRC market.
Amount Raised
$15 Million
Round Type
Series A
DenmarkInformation TechnologySoftwareLegal TechInvestors
Description
Formalize, previously known as Whistleblower Software, successfully raised €15 million ($16 million) in a Series A funding round led by BlackFin Capital Partners, with participation from West Hill Capital. The funding will fuel its expansion into the broader compliance software arena, aiming to offer a more integrated compliance solution to address the increasing regulatory challenges faced by businesses.
Quick answer
Formalize raised $15 Million in a Series A round, dated March 5, 2024. Investors: West Hill Capital and Black Fin Capital Partners. Formalize is based in Denmark.
- How much did Formalize raise?
- Formalize raised $15 Million in a Series A round on March 5, 2024.
- Who invested in Formalize?
- West Hill Capital and Black Fin Capital Partners are named as investors in this round.
- What does Formalize do?
- Automate your compliance workflows with an easy-to-use and customizable compliance platform.
- Where is Formalize based and how big is it?
- Formalize is based in Denmark.
- Who are the decision-makers at Formalize?
- Fundz holds 1 contact at Formalize. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Legal Tech and Software around the same time
Companies in the same sectors as Formalize that raised within 45 days of this round, from Fundz verified event records.
Who to call at Formalize, and when
A new round usually means Formalize is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Formalize raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Formalize, from your own LinkedIn network
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Funding Insights
What this usually meansFormalize raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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