Formalize, a Copenhagen-based compliance software company, has raised 30 million in a Series B funding round to accelerate its mission of becoming Europe’s leading platform for governance, risk, and compliance.
The round was co-led by Acton Capital (DE) and Blackfin Tech (FR), with participation from West Hill Capital and CIBC Innovation Banking. The company has raised a total of 50 million to date and counts more than 160 employees.
“Compliance is no longer optional; it’s essential for doing business. At Formalize, we’re building a future where automation and AI simplify GRC for European SMBs without ever compromising on security or the local expertise that defines us. Our ability to scale and deliver value to thousands of companies places us at the forefront of Europe’s regulatory landscape,” says Jakob Lilholm, CEO and Co-founder of Formalize.
This Series B raised positions the Danish compliance software provider among the leading European GRC (governance, risk and compliance) funding rounds of 2025.
Within this year, Dataships (Ireland) secured 6.8 million to turn data-compliance into an e-commerce growth engine, while Germany’s Sunhat raised 9.2 million for its ESG and non-financial data-compliance platform.
Together, these investments signal sustained momentum in European compliance and regulatory-technology innovation, as investors back platforms that automate risk management and data-protection processes across sectors.
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