Regology Raises $8M Series A to Simplify Global Regulations

Navigating the Complex World of Regulatory Compliance

Each nation operates under a unique set of legal frameworks, rules, and regulations, which are subject to frequent modifications. Maintaining current awareness of these changes presents a significant hurdle. Traditionally, this necessitates substantial personnel dedicated to manual data entry and cumbersome procedures.

Regology, a nascent startup, aims to revolutionize this process through the implementation of automation. The company seeks to streamline regulatory tracking and compliance for businesses operating on a global scale.

Securing $8 Million in Series A Funding

Today, Regology announced the successful completion of an $8 million Series A funding round. This investment was spearheaded by Acme Capital, with continued support from existing investors Gagarin Capital and Pine Wave Investments.

Driven by Firsthand Experience

Mukund Goenka, co-founder and CEO of Regology, brings over 15 years of experience from the banking sector. During his career, he directly observed the challenges associated with regulatory adherence and the potential financial repercussions of non-compliance. This insight motivated him to establish Regology.

Goenka’s vision is to empower large, multinational corporations with a robust system for proactively managing evolving regulations.

A Comprehensive Regulatory Database

Goenka detailed the company’s foundational asset: “We’ve developed an extensive database of laws that undergoes continuous updates. It encompasses geographical regions across five continents, covering numerous countries and jurisdictions.”

The database tracks the entire legislative lifecycle, from initial bills through enactment and subsequent regulatory updates issued by various agencies. It also spans a wide range of industries and subject matters.

Automated Compliance Frameworks

Regology’s offerings extend beyond data aggregation. The company provides clients with a framework for automating compliance processes within their specific areas of operation.

Continuous monitoring of legal changes and updates is a core component of their service, ensuring ongoing compliance for their customer base. Their primary target demographic consists of large Fortune 500 companies.

Growth and Expansion Plans

Founded in 2017, Regology currently employs 20 full-time personnel. The company anticipates at least doubling its workforce by year-end.

Goenka emphasizes the importance of diversity within the organization, particularly given its focus on the regulatory landscapes of 25 different countries. A diverse team is crucial for understanding the nuances of each nation’s legal system.

Embracing a Remote-First Approach

Regology has operated as a fully remote company since its inception, predating the COVID-19 pandemic. While a small office is maintained in Palo Alto, the company intends to remain predominantly remote, even after the widespread availability of safe office reopening options.