Aarhus-based Formalize, formerly known as Whistleblower Software, has secured a €15M Series A investment led by BlackFin. The company specializes in providing a comprehensive compliance operations platform that automates compliance workflows and processes for various regulations such as NIS2, GDPR, ISO27001, and SOC2, aiming to streamline operations and improve efficiency for organizations. The funding will be used to expand the team, enhance strategic partnerships in the compliance and audit sector, and further develop the platform to meet evolving compliance challenges beyond whistleblowing.
Formalize specializes in compliance operations solutions. Their platform automates compliance workflows for regulations such as NIS2, GDPR, ISO27001, and SOC2. The company aims to help organizations improve efficiency and ensure compliance. They are known for their user-friendly interface and secure reporting space. Formalize is committed to advancing the compliance industry and setting new standards in compliance solutions.
“With the increased demands being placed on organizations across the EU, the potential to automate compliance processes and reporting is huge. Formalize has proven with its whistleblower software that they can create a user-friendly and market-leading product, bringing every professional closer to a work life where they can save time while always staying on top of compliance and regulatory requirements,” says Michele Foradori, Investment Director at BlackFin.
Click to read more funding news.
