Vilnius-based Copla has raised €6 million in Series A funding to move ICT compliance from static spreadsheets to a real-time operating system. The investment round was led by Iron Wolf Capital, with participation from Operator Stack and Specialist VC, following a year of rapid growth that saw the company reach seven-figure ARR.
The big picture: European financial institutions are facing a “stacked roadmap” of mandatory regulations, including the Digital Operational Resilience Act (DORA) and the upcoming EU AI Act. Copla addresses this by treating compliance as continuous infrastructure—much like uptime or observability—rather than a yearly documentation project.
How it works:
- Automated Registers: Replaces static asset and vendor lists with real-time tracking that updates as integrations ship.
- Evidence-Based Workflows: Translates complex frameworks into concrete tasks and automatically stores evidence for audits.
- Copla Bridge: A unified layer for multi-entity organizations to manage compliance across subsidiaries and partners from a single view.
The catch: While “compliance as code” is an attractive pitch, it risks creating a false sense of security among overstretched GRC teams. As seen in the broader compliance automation market, software can automate the collection of evidence, but it cannot automate the ultimate legal accountability for a breach or regulatory failure. If the underlying data inputs for Copla’s “real-time” registers are flawed or incomplete, the resulting “audit-ready” reports become nothing more than high-tech theater. Furthermore, Copla must prove it can move beyond the relatively uniform EU landscape to handle the fragmented, often contradictory global regulatory standards that international banks demand.
Key Details
- Funding: €6M (Series A)
- Lead: Iron Wolf Capital
- CEO: Aurimas Bakas
- Sector: RegTech / Cybersecurity
