Laika, a New York-based compliance-as-a-service platform, raised $35 million in Series B funding.

The round was led by J.P. Morgan Growth Equity Partners, with participation from PayPal Ventures and all existing investors, including Bain Capital Ventures, Canapi, Dashfund, Nyca, and ThirdPrime.

The company will use the funding to develop additional automation, integrate audit experiences into the platform, build out its team, and extend its growth in the market.

Company: Laika, Inc.

Raised: $35.0M

Round: Series B

Funding Month: November 2021

Lead Investors: J.P. Morgan Growth Equity Partners

Additional Investors: PayPal Ventures, Bain Capital Ventures, Canapi, Dashfund, Nyca and ThirdPrime

Company Website: http://www.heylaika.com/

Software Category: Compliance-as-a-service platform

About the Company: Co-founded by Austin Ogilvie, Eva Pittas, and Sam Li, Laika provides a SaaS platform for companies to establish compliance practices to meet requirements from regulators and enterprise customers. The platform combines automated infosec workflows, audits, monitoring, and vendor diligence while subject matter experts support customers at every step of the compliance process. Laika currently has 100 employees and expects to grow its headcount by approximately 120 in the next 12 months.

Source: https://www.finsmes.com/2021/11/laika-raises-35m-in-series-b-funding.html