DPOrganizer announces a €3M Series A extension round led by Paladin Capital Group.
DPOrganizer, a Stockholm, Sweden-based company providing a SaaS platform for businesses to monitor how they are processing personal data, announced adding €3M ($3.6M) in capital investment, as an extension to the €3M Series A round announced at the end of 2017.
The announcement rounds the total Series A funding to €6M, which was led by Paladin Capital Group, with participation from Industrifonden, Creades, Inbox Capital, and Soläng Invest. The money will be used for continued product development and further expansion into the European market.
DPOrganizer, founded in 2015 by Andreas Yannelos, Egil Bergenlind (CEO) and Sebastian Norling, developed a software solution that helps companies handle the challenges posed by GDPR.