![]() The company has achieved 4.5x ARR growth YOY, including 3.9x YOY customer growth over 50% of customers have upgraded to the company's Laika+ offering. We are pleased to have led their Series B funding round and will bring the resources of the firm to help the business scale." Morgan has a deep appreciation for the complexities of the compliance function and we saw a huge opportunity for Laika to address the pain points in the industry. "As a firm that works with thousands of vendors, J.P. "Laika's unified compliance-as-a-service platform is well positioned to take advantage of demand for compliance services and help bring transparency and automation to its customers," said Christopher Dawe, Managing Partner and Head of Growth Equity Partners. "By transforming compliance into a frictionless, subscription-based digital experience, Laika transforms compliance from a sales obstacle into a growth lever for front-line sales and business development teams." "Meeting compliance requirements for regulators or enterprise customers can be a huge obstacle for startups with innovative products but small teams," said Eva Pittas, founder and COO, Laika. This includes dedicated compliance architects to help companies navigate compliance processes and obtain security certifications. All Laika customers are supported by subject matter experts at every step of the compliance process. Laika's platform combines automated infosec workflows, audits, monitoring and vendor due diligence in a single platform. Traditionally, this has been a cumbersome, manual and lengthy process which results in missed deals and lost revenue that significantly impacts the bottom line, particularly for small to mid-sized companies. Companies are increasingly reliant upon independent audits and assessments of software providers' compliance controls. ![]() Laika helps companies establish robust compliance practices to meet the strict requirements from regulators and enterprise customers. Laika will use the funding to develop additional automation, integrate audit experiences into the platform, build out its team, and extend the company's growth and momentum in the market. Morgan Growth Equity Partners with participation from PayPal Ventures and all existing investors including Bain Capital Ventures, Canapi, Dashfund, Nyca and ThirdPrime. ![]() ![]() 2, 2021 / PRNewswire/ - Laika, the industry's first unified compliance-as-a-service platform, announced today that the company has closed $35 million in Series B funding led by J.P. ![]()
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