icloudCompliance, the Spanish SaaS platform revolutionizing regulatory compliance and corporate sustainability, has closed a €2 million funding round led by the tech-focused fund HWK Tech Investment.
The funding will enable icloudCompliance to accelerate its commercial expansion, strengthen its technical team, and consolidate its position as the leading European solution in compliance, sustainability, quality, and cybersecurity, with artificial intelligence at the core of its value proposition.
“With this investment from HWK, we’re making a strategic leap: not only are we expanding our capabilities, but we’re also reinforcing our mission to become the leading digital compliance infrastructure,” said Christian Crespo, CEO of icloudCompliance.
Christian Crespo founded icloudCompliance in 2019, driven by the conviction that regulatory compliance should be accessible, automatable, and strategic for organizations. His experience in both regulatory and technological domains, combined with his entrepreneurial vision, has propelled the company to become a benchmark in the GRC (Governance, Risk, and Compliance) sector.
From support by Lanzadera in 2020—ranked the number one accelerator in Europe by the Financial Times—to the 2021 investment by Angels Capital, Juan Roig’s investment firm, and now this new round led by HWK, every step has marked a strategic milestone in the company’s consolidation as a key player in the European legaltech ecosystem.
HWK Tech Investment: vision, experience, and purpose-driven technology
HWK Tech Investment is a fund specializing in tech companies with disruptive potential in key sectors such as AI, cybersecurity, and observability. Founded and led by professionals with strong operational and regulatory backgrounds, HWK combines financial capital with a hands-on approach to drive growth and international expansion of its portfolio companies.
The fund is led by a team of well-known figures in the business and tech sectors: Juan Santamaría, CEO of HWK and former CEO of Panda Security and former CFO of Sopra Group; José Sancho, a director with an extensive track record in Spain’s tech sector, former CIO at Repsol and BBVA, and former board member at Sopra Group; Óscar Fanjul, former chairman and founder of Repsol and current board member at Cellnex; and Sebastián Albella, board secretary and former chairman of the CNMV (Spain’s securities market regulator).
In addition, the fund has a network of sector-specific advisors with deep expertise in areas such as artificial intelligence and machine learning, cybersecurity, payment systems, ERP, and customer experience. This creates a privileged environment for startups like icloudCompliance that integrate compliance with advanced, proven, and disruptive technologies.
‘What attracted us to icloudCompliance was their ability to integrate cutting-edge technology with a deep understanding of the regulatory framework. We believe they are building a key infrastructure for compliance and business sustainability in Europe and globally, and we are excited to join them on this growth path,’ says Juan Santamaria, CEO of HWK TechInvestment.
icloudCompliance, a modular AI platform that transforms industries
icloudCompliance is a modular platform powered by artificial intelligence that enables more than 200 organisations to manage their legal and regulatory obligations from a single environment. Its technology covers key areas such as criminal and corporate compliance, sustainability (CSRD, dual materiality, carbon footprint), quality and internal control, audits, data protection (GDPR), whistleblowing and cybersecurity (ISO 27001, ISMS). Thanks to its modular approach and AI engine, the platform automates tasks such as assessment, document review, proposal generation and risk detection, significantly improving efficiency and accuracy in regulatory compliance.
The integrated artificial intelligence enables the automation of assessment, document review, proposal generation and risk detection tasks, dramatically improving compliance efficiency.
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