Vilnius-based startup Copla, a European RegTech company developing real-time compliance infrastructure for regulated financial services, has raised €6 million in a Series A round. The investment was led by Iron Wolf Capital, with participation from Operator Stack, Specialist VC, SuperHero Capital, FirstPick, NGL Ventures, and Loggerhead Partners.
- Founded in 2023 by Aurimas Bakas, Andrius Minkevičius, and Nojus Bendoraitis, Copla provides a platform for real-time regulatory compliance for financial services providers. The software converts European regulations, including DORA, the EU AI Act, and the Cyber Resilience Act, into actionable tasks organized by domains such as risk management, vendor oversight, and incident response.
- The platform continuously monitors task completion, collects evidence automatically, and keeps records of assets, vendors, risks, and controls current. It replaces static tools like spreadsheets with dynamic dashboards, enabling governance, risk, and security teams to remain audit-ready.
- Where automated processes are insufficient, Copla offers access to fractional or in-house CISO expertise and a network of partners to support audits, regulatory interactions, and risk assessments.
- Copla Bridge extends the platform’s functionality by allowing multi-entity organizations and external partners to oversee compliance from a single interface, integrating regulatory knowledge, automated tracking, and expert support into everyday operations.
Details of the deal
- Copla will use the Series A funding to enhance its platform with features like Copla Bridge, which allows partners and multi-entity organizations to manage compliance from a single view.
- The investment will also support hiring across technical and commercial teams and enable the company to expand its presence beyond Europe, reaching more regulated financial services providers.
“Regulation is getting sharper, but most compliance is still stuck in spreadsheets. We built Copla so compliance stays current by default, and so companies can grow with confidence instead of audit anxiety. This round gives us the momentum to make Copla the default compliance execution layer for regulated finance in Europe and beyond,” claims Aurimas Bakas, Co-founder and CEO of Copla.
