What is LogicGate?
Founded in 2015 and headquartered in Chicago, Illinois, LogicGate offers a cloud-based Governance, Risk, and Compliance (GRC) platform designed to empower process owners with intuitive tools for operationalizing GRC activities. Its no-code app builder, pre-built templates, and customizable workflow features enable organizations to manage their GRC programs efficiently without extensive reliance on IT support or external consultants. The platform aims to streamline complex GRC processes, making them more accessible and adaptable to evolving business needs.
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, OCA Ventures, Hyde Park Venture Partners , MATH Venture Partners , Techstars Ventures , Firestarter Fund, Connetic Ventures, and Chicago Ventures
Series A (2018): $7.5M led by Jump Capital
Series B (2019): $24.8M supported by Greenspring Associates, High Alpha, Silicon Valley Bank, and Jump Capital
Debt (2020): $1M featuring PPP
Series C (2021): $113M backed by PSG
Key Investors in LogicGate
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. They have a presence in Maryland and California.
High Alpha
High Alpha is a venture firm focused on creating and funding B2B SaaS companies, partnering with founders to build and scale businesses, particularly in the enterprise software sector.
Jump Capital
Jump Capital is a venture capital firm that invests in early-stage founders in fintech, application software, and infrastructure software, providing operational and strategic support.
What's next for LogicGate?
The recent major strategic investment signals a pivotal phase for LogicGate, likely enabling the company to accelerate its product roadmap, enhance its market penetration, and potentially explore new verticals within the GRC landscape. With a focus on agile solutions and user-driven customization, LogicGate is well-positioned to capitalize on the increasing demand for flexible and efficient GRC software. Future growth may involve expanding its partner ecosystem, deepening its integration capabilities, and further developing its AI-driven insights to provide more proactive risk management solutions for enterprises.
See full LogicGate company page
