Greenboard, an AI-native platform for securities compliance, has announced $20 million in total funding, including a previously unannounced $15.5 million Series A led by Base10 Partners. Other investors include Y Combinator, General Catalyst, Wayfinder Ventures, Commerce Ventures, Transpose Platform, Liquid2 Ventures, and strategic industry investors.
Alongside the funding, the New York-based company is launching GreenboardGo, a conversational AI layer built on top of a firm’s compliance books and records that answers employee questions instantly, routes decisions to the right compliance expert, and prepares compliance tasks automatically for human review and sign-off.
The launch addresses a measurable and growing pressure on compliance teams across financial services. Between 2016 and 2023, employee hours dedicated to regulatory compliance at U.S. financial institutions increased 61% while headcount grew only 20%, and nearly 90% of Chief Compliance Officers report broader responsibilities than three years ago. Regulators are increasingly shifting from evaluating whether firms have policies in place to whether employees actually follow them. Greenboard said its platform is uniquely positioned to address this shift because it already holds a firm’s books, records, policies, and workflows, allowing GreenboardGo to take action grounded in the firm’s actual compliance program rather than generic regulatory guidance. Any employee can ask a compliance question and receive an answer rooted in firm-specific policy in seconds, without escalating to the compliance team. When questions are unclear, GreenboardGo routes them to the right compliance owner and captures the decision automatically, with a compliance professional reviewing and approving before anything is finalized.
Founded in 2023, Greenboard now serves more than 500 financial institutions with over 99% customer retention. The platform replaces fragmented legacy tools with a unified system covering employee compliance, communications supervision, marketing review, third-party oversight, and firm compliance operations. Customers including Root Financial have saved an estimated 24 hours per week on marketing reviews, while JMG Financial Group reduced compliance onboarding time by 60% and saved more than 10 hours weekly on communications surveillance. The funding will be used to expand GreenboardGo, invest in product development, and scale go-to-market efforts.
KEY QUOTES:
“For years, compliance work has lived in email threads, spreadsheets, and manual follow-ups. In the AI era, we’re increasingly seeing that regulators no longer tolerate manual processes as sufficient. GreenboardGo changes that. Now every employee at a financial institution can access compliance at the speed of best-in-class AI. Our goal is to make everyone in finance a compliance champion — not just the people sitting in the compliance department.”
Dave Feldman, Co-Founder and CEO, Greenboard
“We look for companies that automate real operational work, not just surface information. Greenboard fits that exactly, taking workflows that used to require constant coordination and turning them into structured, repeatable processes with clear ownership and auditability. We believe the opportunity to leverage Greenboard’s long horizon agents in financial services is huge.”
Rexhi Dollaku, General Partner, Base10 Partners
