# Formalize

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/formalize-aps

- Industry: Semiconductors
- Headquarters: Aarhus, Denmark
- Website: www.formalize.com
- Total disclosed funding: $54M
- Latest round: Series B (Oct 28, 2025)
- Investors on record: 4

## About

Based in Aarhus, Denmark, Formalize ApS, provides compliance software solutions for professionals. In October 2025, Formalize ApS raised EUR 30 million in series B funding co-led by new investor Acton Capital and returning investor BlackFin Capital Partners, with participation from another new investor CIBC Innovation Banking. Returning investor West Hill Capital also participated in the round.

The company offers compliance software solutions that help professionals streamline governance including NIS2, SOC2, ISO27001, GDPR, DORA, GRC, and many more. Additionally, it helps in reporting to management and other stakeholders as well as automates supplier audits.

The firm generates its revenue by charging for its plans which are billed annually such as DKK 300 per month for the Standard Plan, and DKK 600 per month for the Professional Plan. Additionally, it charges custom pricing for enterprise plans.

The company will use the October 2025 funding to expand its AI-powered compliance platform and grow its presence across European markets.

## Funding rounds

- Series B, Oct 28, 2025, $35M — Acton Capital, BlackFin Capital Partners, West Hill Capital, CIBC Innovation Banking
- Series A, Mar 5, 2024, $16M — BlackFin Capital Partners, West Hill Capital
- Seed, Oct 5, 2022, $3M — West Hill Capital

## Investors

- West Hill Capital (https://capitalatlas.ai/funds/west-hill-capital) — Seed, Series A, Series B
- BlackFin Capital Partners (https://capitalatlas.ai/funds/blackfin-capital-partners) — Series A, Series B
- Acton Capital (https://capitalatlas.ai/funds/acton-capital) — Series B
- CIBC Innovation Banking (https://capitalatlas.ai/funds/cibc-innovation-banking) — Series B