Copla, an ICT compliance platform serving regulated financial institutions, announced it has raised €6 million in a Series A round as regulatory demands across Europe intensify and become more operational in nature.
The round was led by Iron Wolf Capital, with participation from Operator Stack and existing investors including Specialist VC, SuperHero Capital, FirstPick, NGL Ventures and Loggerhead Partners.
Founded in 2023 and headquartered in Vilnius, Copla says it has surpassed seven-figure annual recurring revenue within just over a year of its prior seed round and now serves more than 100 regulated European customers.
The company is focused on turning ICT compliance into a continuous, operational layer rather than a periodic documentation exercise. As frameworks such as the Digital Operational Resilience Act, the EU Artificial Intelligence Act and the Cyber Resilience Act come into force over the next several years, Copla argues that compliance programs built around static spreadsheets and annual reviews are no longer sufficient.
Copla’s platform translates regulatory frameworks into guided, evidence-based workflows. It breaks down requirements into concrete tasks, continuously tracks execution and automatically stores supporting evidence, aiming to keep organizations audit-ready without relying on fragmented registers and manual updates.
The system also replaces static asset inventories, vendor lists, risk registers and control libraries with real-time records that update as business operations and integrations evolve. According to the company, this reduces manual overhead, minimizes blind spots and accelerates the path from policy intent to documented execution.
In addition to its software platform, Copla offers in-house and fractional CISO support, as well as access to a network of European partners to assist with audits, risk decisions and regulator interactions. The company says it works with fintechs and banks including Fjord Bank.
Proceeds from the Series A will be used to expand the product, grow the team and scale internationally beyond the EU. A key area of development is Copla Bridge, a platform layer designed to provide a unified compliance view across multiple entities, subsidiaries and partner organizations, enabling centralized oversight in complex group structures.
Copla positions its latest funding round as validation of a broader shift in regulated finance toward real-time compliance infrastructure, where regulatory adherence is embedded into day-to-day operations rather than treated as a periodic reporting task.
KEY QUOTES
“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,”
Aurimas Bakas, Co-founder & CEO, Copla
