The archive · Money & Fintech · Strategic decision · 2023–2026
Copla bets EU's DORA deadline turns compliance into software: €6M Series A, 100+ customers
Lithuanian regtech built by ex-Paysolut founders automates DORA and AI Act compliance; seven-figure ARR within a year of seed
Copla
What the business is
Copla sells an ICT compliance platform that turns DORA, EU AI Act and Cyber Resilience Act requirements into guided, evidence-based workflows for regulated financial firms, keeping asset, vendor, risk and control registers current in real time.
Starting capital：€650K pre-seed (Feb 2024); €2.5M seed (Nov 2024); €6M Series A led by Iron Wolf Capital (Feb 2026)
How it started
Copla was founded in 2023 in Vilnius by Aurimas Bakas (CEO), Andrius Minkevičius (CTO) and Nojus Bendoraitis. Minkevičius had previously co-founded core-banking platform Paysolut, acquired by SumUp in 2021, and the founders bet that tightening EU cyber rules would create demand for cheap, automated compliance.
What happened
Copla raised a €650K pre-seed in February 2024 and a €2.5M seed in November 2024 backed by Superhero Capital, Specialist VC, FIRSTPICK and NGL Ventures. As DORA began applying in January 2025, the platform grew from audit copilots into real-time ICT compliance infrastructure covering DORA, the EU AI Act and the Cyber Resilience Act, with in-house and fractional CISO support for regulated clients.
How it ended up
In February 2026 Copla closed a €6M Series A led by Baltic DeepTech & AI VC Iron Wolf Capital with Operator Stack and existing investors, having reached over 100 regulated European customers and seven-figure annual recurring revenue within just over a year of its seed round. It is scaling beyond the EU and building Copla Bridge for multi-entity compliance.
Background
Copla is a Vilnius-based regtech that automates ICT compliance for regulated financial firms. It was founded in 2023 by Aurimas Bakas, Andrius Minkevičius and Nojus Bendoraitis — Minkevičius previously co-founded core-banking platform Paysolut, acquired by SumUp in 2021 — after the team concluded that tightening EU cyber rules would overwhelm SMEs and fintechs that couldn't afford in-house security teams.
The company raised a €650K pre-seed in February 2024 and a €2.5M seed in November 2024, and timed its product expansion to the EU's Digital Operational Resilience Act (DORA), which began applying on January 17, 2025. Its platform translates DORA, EU AI Act and Cyber Resilience Act requirements into guided, evidence-based workflows — tracking assets, vendors, risks and controls continuously instead of leaving them in static spreadsheets.
By February 2026 Copla had grown to more than 100 regulated European customers and seven-figure annual recurring revenue within just over a year of its seed round, closing a €6M Series A led by Iron Wolf Capital to expand the product, grow the team and scale beyond the EU.
What has to be true
- Regulatory deadlines create synchronized demand: every regulated firm in Europe faced DORA on the same date, making the pitch easy and the sales cycle short.
- Compliance was stuck in spreadsheets and yearly documentation projects, while supervision was moving to continuous, evidence-based oversight — a gap a software platform could close.
- The founders' fintech operating experience (Paysolut, acquired by SumUp) gave them credibility with regulated customers and investors.
- The AI Act and Cyber Resilience Act obligations arriving after DORA promised follow-on demand for the same platform.
What can be applied
A hard regulatory deadline is a launch calendar: time a product to a law's application date and ride the forced-purchase wave — shared deadlines make fast ARR look inevitable.
Aftermath
As of February 2026 Copla is scaling: the €6M Series A funds product expansion, team growth and internationalization beyond the EU. It is building Copla Bridge, a platform layer for partners and multi-entity organizations to manage compliance across subsidiaries from a unified view, and continues to serve 100+ regulated European customers including banks such as Fjord Bank, backed by in-house and fractional CISO services.
Sources
- Copla raises €6M Series A to support EU regulatory compliance
- Copla Raises €6M Series A to Turn ICT Compliance Into a Real-Time Operating System
- Copla secures €2.5M Seed to automate cyber oversight
- DORA regulation comes into effect
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