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.
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.
03/05/24, 7:16 AM
Location
denmarkMoney raised
$15 million
Industry
legal tech
information technology
software
Round Type
series a
Investors
West Hill Capital, Black Fin Capital Partners
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.