Formalize Secures €30M To Expand Its Compliance Platform Across Europe

As European organisations face an increasingly complex regulatory environment, Formalize provides a unified platform that automates compliance workflows, simplifies regulatory management, and helps companies adapt to evolving requirements across industries.

Founded in 2021, Formalize builds compliance software supporting frameworks like NIS2, DORA, ISO 27001, GDPR, and SOC 2. Originally launched as Whistleblower Software, the company has since expanded into risk, privacy, and data compliance, now serving clients in over 80 countries and offering support in more than 12 languages.

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Jakob Lilholm, CEO and co-founder of Formalize, said compliance has become a basic requirement 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, Lilholm added.

The new funding will drive Formalize’s European expansion with a focus on strengthening its presence in key markets like the DACH region and France. The company plans to open new offices and expand local teams to better support its growing base of customers and partners.

About Formalize

Formalize helps organisations stay ahead of regulatory change with its unified Compliance Operations System and Whistleblower Software. The platform streamlines risk, privacy and data compliance, enabling teams to automate processes, maintain transparency, and meet international standards efficiently across multiple jurisdictions.