Munich \u2014 Danish RegTech has closed a \u20ac30 million Series B finan\u00adcing. The round is co-led by Acton Capi\u00adtal and Black\u00adFin Tech, with parti\u00adci\u00adpa\u00adtion from West Hill Capi\u00adtal and CIBC Inno\u00adva\u00adtion Banking. The aim is to massi\u00advely expand its presence in Germany, in parti\u00adcu\u00adlar the Munich office, which is expec\u00adted to grow to 30 employees by the end of 2026. Forma\u00adlize offers a plat\u00adform that covers DORA and NIS2 in one inte\u00adgra\u00adted system. <\/p>\n
DORA is running, NIS2 is coming \u2014 Germany is under pressure \u201cWhen regu\u00adla\u00adtory requi\u00adre\u00adments meet a massive shortage of skil\u00adled workers, auto\u00adma\u00adtion goes from being an option to a neces\u00adsity. That\u2019s why the German market is now an abso\u00adlute prio\u00adrity for us,\u201d says Jakob Lilholm, CEO of Forma\u00adlize<\/strong>. <\/p>\n Germany has missed the EU imple\u00admen\u00adta\u00adtion dead\u00adline and infrin\u00adge\u00adment procee\u00addings are alre\u00adady under\u00adway. Accor\u00adding to esti\u00adma\u00adtes, the imple\u00admen\u00adta\u00adtion costs in the first year amount to 4.5 billion euros, plus possi\u00adble fines of up to 10 million euros. <\/p>\n There is also a massive shortage of skil\u00adled workers. Accor\u00adding to studies, there is a shortage of around 120,000 cyber\u00adse\u00adcu\u00adrity experts in Germany. A gap that will be very diffi\u00adcult to close in the short term. <\/p>\n Auto\u00adma\u00adted compli\u00adance instead of a shortage of specialists Since its foun\u00adda\u00adtion in 2021, Forma\u00adlize has acqui\u00adred over 8,000 custo\u00admers world\u00adwide, inclu\u00adding McDo\u00adnal\u00add\u2019s, Star\u00adbucks and, in the DACH region, Deve\u00adley, Emma and Der Gr\u00fcne Punkt. The DACH region alre\u00adady accounts for 25% of annual recur\u00adring reve\u00adnue. German custo\u00admers include MDR, Rhein\u00adLand Versi\u00adche\u00adrun\u00adgen, Honda Finan\u00adcial Services and the Munich District Office. <\/p>\n \u201cIt is beco\u00adming incre\u00adasingly diffi\u00adcult for small and medium-sized compa\u00adnies in the EU to meet all the requi\u00adre\u00adments impo\u00adsed on them by regu\u00adla\u00adti\u00adons. Forma\u00adlize impres\u00adsed us with a supe\u00adrior solu\u00adtion that allows compa\u00adnies to have the requi\u00adred proces\u00adses and data under control. No other solu\u00adtion came close to Forma\u00adli\u00adze\u2019s ability to capture the speci\u00adfics of all count\u00adries and indus\u00adtries while making the solu\u00adtion easy to use,\u201d says Fritz Oidt\u00admann, Mana\u00adging Part\u00adner at Acton Capi\u00adtal.<\/strong> <\/p>\n About Forma\u00adlize<\/strong><\/p>\n Foun\u00added in 2021, Forma\u00adlize is a compli\u00adance soft\u00adware company that helps compa\u00adnies manage complex regu\u00adla\u00adtory and risk-rela\u00adted requi\u00adre\u00adments. Its plat\u00adform auto\u00adma\u00adtes compli\u00adance proces\u00adses for NIS2, DORA, ISO27001, GDPR and more. Forma\u00adlize serves over 8,000 custo\u00admers and has offices in Copen\u00adha\u00adgen, Aarhus, Madrid and Milan. The company has raised a total of \u20ac50 million to date and employs more than 160 people. <\/p>\n About Acton Capital<\/strong><\/p>\n Acton Capi\u00adtal is an inter\u00adna\u00adtio\u00adnal venture capi\u00adtal firm based in Munich and Vancou\u00adver. Since 1999, the team has been inves\u00adt\u00ading in tech\u00adno\u00adlogy-based busi\u00adness models from Europe and North America. With over two deca\u00addes of expe\u00adri\u00adence and a deep under\u00adstan\u00adding of digi\u00adtal trans\u00adfor\u00adma\u00adtion, Acton Capi\u00adtal has helped over 100 start-ups build successful busi\u00adnesses. \u2014 www.actoncapital.com <\/p>\n About Black\u00adFin<\/strong><\/p>\n Black\u00adFin Capi\u00adtal Part\u00adners is an inde\u00adpen\u00addent private equity and venture capi\u00adtal firm inves\u00adt\u00ading in Euro\u00adpean finan\u00adcial services and tech\u00adno\u00adlogy compa\u00adnies with over \u20ac4.3 billion in assets under manage\u00adment as of Decem\u00adber 2024. Its venture team has backed more than 20 of Euro\u00adpe\u2019s fastest growing fintech, insur\u00adtech and regtech compa\u00adnies from Series A to Series C. Black\u00adFin was foun\u00added in 2009 and has offices in Paris, London, Frank\u00adfurt, Amster\u00addam and Brussels. \u2014 www.blackfin.com<\/p>\n","protected":false},"excerpt":{"rendered":" Munich \u2014 Danish RegTech has closed a \u20ac30 million Series B finan\u00adcing. The round is co-led by Acton Capi\u00adtal and Black\u00adFin Tech, with parti\u00adci\u00adpa\u00adtion from West Hill Capi\u00adtal and CIBC Inno\u00adva\u00adtion Banking. The aim is to massi\u00advely expand its presence in Germany, in parti\u00adcu\u00adlar the Munich office, which is expec\u00adted to grow to 30 employees [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":57209,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[1366],"tags":[],"class_list":["post-57211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"yoast_head":"\n
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\n The regu\u00adla\u00adtory requi\u00adre\u00adments for cyber\u00adse\u00adcu\u00adrity are incre\u00adasing rapidly: since Janu\u00adary 2025, around 3,600 finan\u00adcial insti\u00adtu\u00adti\u00adons have had to imple\u00adment the EU\u2019s DORA regu\u00adla\u00adtion. At the same time, the upco\u00adming NIS2 direc\u00adtive will affect around 29,000 compa\u00adnies, mainly from the SME sector. <\/p>\n
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\n Forma\u00adlize offers a plat\u00adform that covers DORA and NIS2 in one inte\u00adgra\u00adted system. This is an advan\u00adtage for compa\u00adnies that need to imple\u00adment both sets of regu\u00adla\u00adti\u00adons at the same time. <\/p>\n