What is LogicGate?
Founded in 2015 and headquartered in Chicago, Illinois, LogicGate offers a robust GRC cloud solution designed with an emphasis on user-friendliness and powerful functionality. Its no-code app builder, pre-built templates, and workflow customization capabilities empower process owners to operationalize GRC activities efficiently, reducing reliance on external consultants or internal IT support. The company's agile approach allows organizations to tailor their GRC programs to specific needs, enhancing overall compliance and risk management effectiveness.
How much funding has LogicGate raised?
LogicGate has raised a total of $148.2M across 5 funding rounds:
Other Financing Round
$1.9M
Series A
$7.5M
Series B
$24.8M
Debt
$1M
Series C
$113M
Other Financing Round (2016): $1.9M with participation from Sandalphon Capital, Connetic Ventures, OCA Ventures, Hyde Park Venture Partners , MATH Venture Partners , Techstars Ventures , Firestarter Fund, and Chicago Ventures
Series A (2018): $7.5M led by Jump Capital
Series B (2019): $24.8M supported by Silicon Valley Bank, Jump Capital, Greenspring Associates, and High Alpha
Debt (2020): $1M featuring PPP
Series C (2021): $113M backed by PSG
Key Investors in LogicGate
Jump Capital
Jump Capital is a venture capital firm specializing in early-stage fintech, application software, and infrastructure software. They are known for their financial expertise and active support of portfolio companies through strategic opportunities and operational guidance.
Greenspring Associates
Greenspring Associates is a venture capital investment firm that acts as a lifecycle partner for fund managers and entrepreneurs, investing across multiple stages, sectors, and geographies since its founding in 2000.
High Alpha
High Alpha is a venture firm focused on creating and funding B2B SaaS companies, partnering with founders to build and scale enterprise software businesses.
What's next for LogicGate?
The recent major strategic investment signals LogicGate's transition into a scaling phase, likely Series C or beyond, given its established market presence and the scale of previous funding rounds. This capital will enable LogicGate to accelerate product innovation, expand its market reach, and potentially explore strategic partnerships. The company is well-positioned to capitalize on the increasing demand for streamlined GRC solutions in enterprise environments, further solidifying its role as a leader in the RegTech sector.
See full LogicGate company page
