The Stockholm-based startup DPOrganizer raises a €3 million Series A extension investment round led by US-based VC firm Paladin Capital Group. The young 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.
Founded in 2015 by Egil Bergenlind, former Chief Compliance Officer at iZettle, DPOrganizer offers a SaaS solution to help businesses grow, and live, with GDPR. The startup already works with customers in 17 countries. Over the past year the company has grown tenfold with GDPR coming into force on 25th May, 2018
Egil Bergenlind, CEO and founder of DPOrganizer, stated: “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.”
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). With the investment in DPOrganizer, the lead investor Paladin continues their expansion into the European market.
Nazo Moosa, Senior Strategic Partner at Paladin Capital Group, commented: “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.”
