LogicGate, a Chicago, IL-based workflow automation software platform for governance, risk, and compliance, raised $7.5m in Series A funding.
The round was led by Jump Capital, with participation from High Alpha and existing investors.
The company, which has raised $9.4m in total funding, intends to use the funds to bolster the team, adding 50 new positions to their Chicago office by 2019 across several functional areas such as Engineering, Product, Marketing, Sales, and Customer Success.
Co-founded by Matt Kunkel, Jon Siegler, and Dan Campbell, LogicGate provides a software-as-a-service platform enabling businesses to operationalize and automate their complex and manual risk and compliance programs by using pre-built process templates for things like enterprise risk management, controls testing, and third-party risk assessments.
The company’s Board of Directors will now include:
– Michael McMahon, Managing Partner of Jump Capital;
– Mike Fitzgerald, Co-Founder and Partner of High Alpha;
– Matt Kunkel, CEO of LogicGate; and
– Jon Siegler, COO of LogicGate.
In addition, Scott Dorsey, Managing Partner of High Alpha, will serve as an advisor.