DPOrganizer raises a €3 million Series A extension investment round led by US-based venture capital firm Paladin Capital Group.
The Stockholm-based data protection company, which helps organisations across the world grow, and live, with GDPR, will use the financing for continued product development.
Nordic venture capital firm Industrifonden, Creades, Inbox Capital, and Soläng Invest, which had all invested in DPOrganizer’s initial round, all participated in this extension round, which takes DPOrganizer’s total Series A funding to €6 million. Over the past year the company has grown tenfold with GDPR coming into force on 25th May, 2018
“Joining forces with Paladin Capital Group at this stage of our growth is very timely. With Paladin’s deep industry expertise and international experience, bringing on an global investor of their calibre will be an important step in our mission of reaching more privacy professionals around the world,” says Egil Bergenlind, CEO and founder of DPOrganizer.
Sweden-based DPOrganizer offers a data protection management software, that helps businesses map, visualize and manage their processing of personal data. The SaaS tool supports businesses to grow, and live, under the General Data Protection Regulation (GDPR). DPOrganizer has grown quickly and now serves customers in 17 countries around the world.
”An easy-to-use data protection management software is an essential piece of a company’s GDPR compliance toolkit. Paladin is delighted to lead an investment in this rapidly growing company and to support DPOrganizer in their international expansion,” says Nazo Moosa, Senior Strategic Partner at Paladin Capital Group.
With the investment in DPOrganizer, Paladin furthers their expansion into the European market.