Formalize

Formalize is a Danish regtech company that builds governance, risk, and compliance software for European businesses working under regulations such as NIS2, DORA, ISO 27001, and GDPR. The platform began as Whistleblower Software, its whistleblowing product, and grew into a connected compliance suite spanning risk, policy, third-party, business continuity, and privacy management. It serves more than 8,000 organizations across more than 80 countries, was chosen to provide Spain's national whistleblowing channel, and in May 2026 partnered with UNE, Spain's ISO and IEC representative, to embed official ISO standards in the platform. The company raised a 30 million euro Series B in October 2025, taking total funding to 50 million euros.