Formalize is a B2B startup headquartered in Denmark that focuses on simplifying compliance operations and whistleblower software. Established in 2021, the company has garnered significant attention and recently secured a €15.00M Series A investment on 05 March 2024. The funding round was supported by BlackFin Capital Partners and West Hill Capital. With a slogan "Formalize Compliance System & Whistleblower Software by Formalize · Covering 5M+ employees", Formalize operates within the legal tech, privacy and security, and SaaS industries, catering to a substantial user base of over 5 million employees.
Formalize
Formalize Compliance System & Whistleblower Software by Formalize · Covering 5M+ employees
Founded 2021
Denmark
209 employees
Series B
Total: $50.00M
B2B, Legal Tech +2
Denmark
209 employees
Series B
Total: $50.00M
B2B, Legal Tech +2
General Information
Company Name
Formalize
Founded Year
2021
Location
Denmark
Denmark
Employees
209
Industries
B2B, Legal Tech, Privacy and Security +1
Funding Stage
Series B
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About Formalize
Business keywords: Compliance operations, Regulatory compliance, Whistleblower software, Compliance automation, NIS2 compliance, GDPR compliance, ISO27001 compliance, SOC2 compliance, Compliance management, Workflow automation, Employee management, Regulatory frameworks, Compliance software, Enterprise solutions
Services & Products
Compliance Operations Platform
Whistleblower Software
Target Customers
Companies of all sizes
Compliance professionals
Funding Rounds & Investors (3)
View All| Funding Stage | Amount | Investors | Lead Investors | Date |
|---|---|---|---|---|
| Series B | €30.00M | 4 |
|
28 Oct 2025 |
| Series A | €15.00M | 2 |
|
05 Mar 2024 |
| Seed Round | €5.00M | 2 |
|
05 Oct 2022 |
Latest News
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Formalize Alternatives & Competitors
View All Alternatives
Formalize vs
Kertos
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Formalize vs
DataGuard
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We are Security & Compliance enthusiasts. >4,000 customers use our SaaS solution to build trust & mi...
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Formalize vs
DSALTA
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AI Agents for SOC 2, ISO 27001, GDPR, PCI-DSS & Vendor Risk
25 employees
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FAQ About Formalize
Formalize Compliance System & Whistleblower Software by Formalize · Covering 5M+ employees
Formalize was founded in 2021.
Formalize is headquartered in Denmark.
Formalize operates in B2B, Legal Tech, Privacy and Security and SaaS. Its work centres on Compliance operations, Regulatory compliance, Whistleblower software and Compliance automation. Its customers include Companies of all sizes and Compliance professionals.
Formalize has approximately 209 employees.
Formalize has completed 3 funding rounds, raising a total of $50.00M. The latest funding stage is Series B.
Formalize offers: Compliance Operations Platform, Whistleblower Software.
Top alternatives and competitors to Formalize include Kertos, DataGuard, DSALTA, Drata, CookieFirst - Consent Management Platform by iubenda. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Formalize and Kertos are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.
Source: BounceWatch company record for Formalize, https://bouncewatch.com/company/formalize, updated 10 February 2026. When citing, please name BounceWatch and link this page.
