JPMorgan Leads Laika’s $35 Million Series B Funding Round

Laika, the industry's first unified compliance-as-a-service platform, recently announced that the company has secured $35 million in Series B funding.

According to the press release, the round was led by JPMorgan Growth Equity Partners with participation from PayPal Ventures as well as existing investors Canapi, Bain Capital Ventures, Third Prime, and Nyca Partners.

Laika helps companies establish robust compliance practices to meet the strict requirements from regulators and enterprise customers. It 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.

"As a firm that works with thousands of vendors, J.P. 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. We are pleased to have led their Series B funding round and will bring the resources of the firm to help the business scale,"said Christopher Dawe, Managing Partner and Head of Growth Equity Partners.

In addition to the new funding, Christopher Dawe, Managing Partner and Head of Growth Equity Partners at J.P. Morgan Private Capital, will be joining Laika's Board of Directors. Patrick McGoldrick, Partner at J.P. Morgan Growth Equity Partners, will serve as a board observer to the Laika Board of Directors.