Formalize
Formalize is a European compliance software company covering whistleblowing, GDPR, and broader governance, risk, and compliance workflows.
- Category: legal technology
- Website: https://formalize.com
Product & Features
- The platform connects GRC data for real-time risk, compliance, and operational oversight.
- Manage multi-framework compliance requirements by connecting overlapping controls in one system.
- Visual workflows automate approvals, incident management, and supplier oversight for audit-ready processes.
- Define methodologies and consistently assess, score, and monitor risks with linked controls.
- Capture incidents, link to relevant entities, and track through structured workflows with audit trails.
- AI Smart Fill automatically extracts and populates key information from contracts and documents.
- Custom dashboards and an API enable real-time reporting and integration with other systems.
Funding Rounds
- Series B — €30M (2025-11)
- Series B — $40M (2025-10)
- Series A — $16.3M (2024-03)
Recent News
- BDO & Formalize - Cuenta atrás para DORA: claves para su cumplimiento en sector asegurador (2024-12)
- Experiencia adecuando entidades a DORA y su automatización de procesos (2024-11)
Investors
Frequently Asked Questions
What is Formalize?
Formalize is a European compliance software company covering whistleblowing, GDPR, and broader governance, risk, and compliance workflows.
What does Formalize do?
The platform connects GRC data for real-time risk, compliance, and operational oversight. Manage multi-framework compliance requirements by connecting overlapping controls in one system. Visual workflows automate approvals, incident management, and supplier oversight for audit-ready processes.
Who are Formalize's investors?
Formalize's investors include Acton Capital, BlackFin Tech, Blackfin Technology, CIBC, West Hill Capital.
What category does Formalize fall under?
Formalize is a legal technology company in the legal technology category.