LogicGate is the creator of the Risk Cloud platform and Risk Cloud Exchange (RCX), which help businesses proactively manage governance, risk and compliance (GRC) processes. Led by CEO Matt Kunkel and founded in 2015, the company has built enterprise technology for assessing, monitoring, actioning, and pivoting GRC programs. Today it serves hundreds of customers, including SoFi, Zurich Insurance, Memorial Hermann Health, and Cimpress. The company raised $113m in a Series C to accelerate product advancements, notably a risk quantification solution slated for release later this year. The new capital will also fund expansion of its partner ecosystem, international presence and security posture. LogicGate's total funding to date is $156m. LogicGate offers the Risk Cloud™, a cloud-based platform that automates governance, risk, and compliance (GRC) processes with a mix of flexibility and out-of-the-box applications. The company added native integrations with Okta, Slack, and Jira and doubled its library of pre-built applications to accelerate customer implementations. LogicGate reported revenue growth of more than 100 percent over the past year, alongside a 300 percent increase in monthly active users and a 20 percent rise in average applications used per customer. The company plans to expand into European markets and to add roughly 100 employees over the next 18 months to support that growth. Product and market initiatives include a focus on leading the market in risk quantification features and building a GRC ecosystem for customers and partners. LogicGate is Chicago-based and serves customers including SoFi, CAPCO, and Blue Cross Blue Shield of Kansas City. LogicGate provides a no-code, agile GRC platform that centralizes risk and compliance data in a single repository, enabling customization, visualization, automation, and dashboard-style reporting. The company plans to use the new funding to invest in content, frameworks, data partnerships and additional integrations to solve complex risk management challenges more holistically. LogicGate emphasizes empowering risk, compliance, and security teams to scale programs without heavy consultant or IT support. The platform is positioned to move GRC from siloed, spreadsheet-driven workflows to a single source of truth across departments. LogicGate launched in 2015 and is a Chicago Techstars alum with headquarters in Chicago. The company has been recognized on the Global RegTech 100 and ranked #1 GRC Software on the G2 GRC Grid. LogicGate is a Chicago, IL–based SaaS platform that automates governance, risk and compliance workflows. It offers pre-built process templates for enterprise risk management, controls testing and third-party risk assessments to help businesses operationalize manual risk and compliance programs. The company raised $7.5M in a Series A round. LogicGate has now raised $9.4M in total funding. It intends to use the Series A proceeds to bolster the team, adding 50 positions to its Chicago office by 2019 across engineering, product, marketing, sales and customer success. The company was co-founded by Matt Kunkel, Jon Siegler and Dan Campbell, and its board will add Michael McMahon (Jump Capital) and Mike Fitzgerald (High Alpha) alongside CEO Matt Kunkel and COO Jon Siegler; Scott Dorsey will serve as an advisor. LogicGate provides a platform enabling businesses to automate risk and compliance operations by visually designing end-to-end workflows and deploying them as controlled process applications without writing code. Clients use the platform for enterprise risk management, regulatory compliance, and control assessments. The company plans to implement an intelligent learning engine that can learn how organizations interact with processes and take corrective action without employee intervention. LogicGate said it will use the new funding to grow sales and marketing and accelerate expansion of the platform. Founded in 2015 by Matt Kunkel, Jon Siegler, and Dan Campbell, the company is based in Chicago, IL. The company closed a $1.9M funding round in January 2016.

Total raised

$156M

Funding rounds

6

Latest round

Series C

Latest activity

Jul 2021