Laika, a New York-based complete compliance platform, announced that it closed $50 million in Series C funding, bringing Laika's total raised to $98 million.
The round was led by Fin Capital, with participation from new investor Centana Growth Partners and existing investors, including J.P. Morgan Growth Equity Partners, Canapi, and ThirdPrime.
The funds will support Laika's continued product development and accelerate sales, marketing, and strategic partnerships.
"As a two-time founder, I've seen digital compliance become a serious blocker for founders and innovators. But beyond blockers are the potential risks, including serious financial, reputational, and even criminal penalties," said Austin Ogilvie, co-CEO of Laika. "Laika mitigates these risks by marrying automation best practices in software development with principled fundamentals borne from audits in finance. This funding gives us the resources to dial-up our partnerships and platform strategy, grow our sales organization, and invest in marketing to broaden our audience reach and, ultimately, enable more customers to reach these critical compliance objectives."
In addition to compliance automation and audit management, Laika offers solutions for supporting the corporate procurement process, including integrated penetration testing, automated security questionnaires, RFPs, vendor assessments, employee background checks, and the external management of compliance-related documents (Digital Compliance Portals), many of which come complimentary with a Laika subscription.
Company: Laika, Inc.
Round: Series C
Funding Month: November 2022
Lead Investors: Fin Capital
Additional Investors: Centana Growth Partners, J.P. Morgan Growth Equity Partners, Canapi, and ThirdPrime
Company Website: https://heylaika.com/
Software Category: Compliance Platform
About the Company: Founded by Austin Ogilvie and Sam Li, Laika is an enterprise-complete compliance platform that lets growing companies compete on the same level as any large organization. Laika offers end-to-end software and services to simplify and automate SOC 2, ISO 27001, GDPR, HIPAA, and other information security compliances. Grow faster, build trust, and implement scalable security practices through solutions for certification and attestation, security questionnaires, audit management, and continuous compliance monitoring. Laika is headquartered in New York, with offices in Costa Rica and teammates across the globe.