Copla Raises €6 Million Series A to Advance EU Compliance Platform

Copla, a European regulatory technology (regtech) startup focused on building compliance infrastructure for the financial sector, has raised €6 million in a Series A funding round. The round was led by Iron Wolf Capital, a Baltic DeepTech and AI-focused venture capital firm, and joined by US-based Operator Stack as well as returning investors such as Specialist VC, SuperHero Capital, FirstPick, NGL Ventures, Loggerhead Partners, and a lineup of angel investors.

This funding coincides with increasing regulatory demands on financial institutions across Europe. The European Union has recently enacted several key pieces of legislation, including the Digital Operational Resilience Act (DORA) which has already come into force, the EU AI Act taking effect in August 2026, and the Cyber Resilience Act, set to become applicable from December 2027. These regulations aim to improve operational resilience, particularly in the face of emerging AI-related risks such as automated fraud and more advanced social engineering attacks.

Fintech firms and regulated third-party providers operating in this evolving environment often face heightened compliance complexity, especially when managing governance and risk with limited resources. According to the European Union Agency for Cybersecurity (ENISA), smaller and newer service providers accounted for nearly 29 percent of ransomware attacks in Europe’s financial sector—exposing these organisations to data leaks, reputational harm, and potentially severe regulatory penalties.

Copla’s platform is designed to help organisations understand and implement complex regulatory frameworks like DORA, the EU AI Act, and the Cyber Resilience Act. By translating regulatory obligations into guided, real-time workflows, the system eliminates the need for static spreadsheets and enables continuous monitoring of assets, vendors, risks, and controls. In addition, it compiles supporting evidence to streamline audit preparation and reduce manual processes, lowering compliance burdens and operational risk.

Aurimas Bakas, Copla’s Co-founder and CEO, noted the growing challenge of keeping compliance up to date. “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,” Bakas said.

To further aid users, Copla provides access to in-house and fractional Chief Information Security Officer (CISO) expertise, as well as a network of European partners who advise on audits, risk assessment, and regulatory processes.

Founded in 2023, Copla’s leadership team brings experience spanning fintech, regulatory compliance, and cybersecurity. Co-founders include Aurimas Bakas (CEO), Andrius Minkevičius (CTO)—who previously helped launch core banking platform Paysolut, later acquired by SumUp—and Nojus Bendoraitis (Chief Legal Officer).

The new capital will fund product development, team growth, and international expansion outside the European Union. Among planned improvements is Copla Bridge, a new feature enabling consultants and organisations operating across multiple entities to manage compliance activities through a unified platform view.

Source: tech.eu