FaceUp, an ethics and compliance software platform focused on proactive workplace risk prevention, announced a $5 million Series A funding round led by Fil Rouge Capital.
The round included participation from JIC Ventures, Venture to Future Fund, and Gi21 Capital, along with returning investors Tilia Impact Ventures and Reflex Capital. The company said it has now raised approximately $9 million to date.
Founded in 2017 as a non-profit anti-bullying initiative and later commercialized in 2020, FaceUp helps organizations identify and address misconduct, harassment, fraud, and other workplace concerns through anonymous reporting and compliance workflows. The platform is currently used in more than 70 countries by over 3,600 organizations, including Mercedes-Benz, Zendesk, Heineken, Taco Bell, Sephora, KFC, and Vercel.
FaceUp said the platform has processed more than 44,000 reports globally. The system combines anonymous encrypted reporting, structured case management, audit tracking, AI-powered hotline services, surveys, and external compliance support services into a unified platform.
The company said the funding will support the expansion of its full Ethics & Compliance suite, including new modules for investigations, disclosure management, and policy management. FaceUp also plans to accelerate customer acquisition, grow partnerships, and expand further across the U.S. and the United Arab Emirates.
FaceUp was founded by Jan Slama, David Spunar, and Pavel Ihm.
KEY QUOTES:
“I’m really excited about this growth investment, as it will allow us to move even faster toward our vision of becoming the leading solution for ethical and compliant workplaces worldwide. It will help us not only increase our ARR, expand our team and boost our product, but, most importantly, support even more organizations around the world in fostering trust, ethics, safety and integrity, while protecting their reputation, employees, resources and culture.”
Jan Slama, Co-Founder And CEO, FaceUp
“FaceUp is addressing a critical need in the compliance and governance space with a solution that is both scalable and highly relevant across markets. The team has demonstrated strong execution, evolving from a focused use case into a global SaaS platform with clear product-market fit. We’re pleased to support them as they continue to scale internationally and further develop their offering.”
Roger Blott, Founding Partner, Fil Rouge Capital
“It was really a no-brainer for us to participate in the Series A as FaceUp continues delivering on its vision to become an Ethics & Compliance leader. We see that strong business growth is naturally coupled with impact metrics: 1.3 million people in 70 countries are protected, half of whom are students at schools.”
Petr Vítek, Co-Founder And Partner, Tilia Impact Ventures
“We have been working with Jan and the FaceUp team from the very beginning, from a student project at JIC innovation agency. They have built one of the fastest-growing technology companies in the Czech Republic, with a presence in more than 70 countries.”
Radim Kocourek, Managing Partner, JIC Ventures
“Most products in this field are deployed to satisfy regulation, but see limited real usage. FaceUp shows genuine adoption and engagement within organizations, and that’s what drives long-term value and ultimately defines the winners in this category.”
Miriama Hanout, Investment Manager And Board Member, Venture To Future Fund
“FaceUp’s transition of compliance from a mere checkbox into a proactive, real-time AI system perfectly aligns with our investment thesis at Gi21 Capital. We are proud to support Jan and the team as they scale this critical infrastructure globally to foster safer, more ethical workplaces.”
Damir Špoljarič, Managing Partner, Gi21 Capital
