Formalize Raises €30M Series B to Scale Compliance Operations Platform

Why It Matters

The capital infusion positions Formalize to capture a larger share of the European RegTech market, enhancing its ability to meet rising compliance demands and potentially setting a new benchmark for SaaS compliance platforms.

Deal Summary

Copenhagen-based compliance software company Formalize raised €30M in a Series B round co-led by Acton Capital and BlackFin Capital Partners, with participation from West Hill Capital and CIBC Innovation Banking. The company will use the funds to strengthen its position in Europe and scale its compliance operations platform.