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§ Private Profile · Chicago, IL, USA
LogicGate is a technology company.
LogicGate offers Risk Cloud, a comprehensive, AI-powered Governance, Risk, and Compliance (GRC) software platform. This SaaS solution provides organizations with flexible automation, real-time risk insights, and streamlined compliance management through its intuitive, no-code architecture. It empowers businesses to effectively oversee their risk landscape, ensuring regulatory adherence and operational resilience across diverse functions.
The company was founded around 2015 by Matt Kunkel, Jon Siegler, and Dan Campbell. Their collective insight stemmed from recognizing the inefficiencies and limitations inherent in traditional, manual approaches to GRC. They envisioned an agile and user-friendly platform that could transform how organizations perceive and manage risk, moving beyond static spreadsheets to a dynamic, integrated system.
LogicGate's platform serves a broad spectrum of organizations, enabling them to automate GRC processes and gain a centralized view of assets, risks, and controls. The company’s vision is to facilitate transformative risk management, helping clients convert potential threats into strategic advantages. By fostering risk-aware decision-making, LogicGate aims to enhance operational efficiency and unlock new business opportunities for its users.
LogicGate has raised $156.8M across 5 funding rounds.
LogicGate has raised $156.8M in total across 5 funding rounds.
LogicGate has raised $156.8M across 5 funding rounds. Most recently, it raised $113.0M Series C in July 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 28, 2021 | $113M Series C | Adam Marcus | Greenspring Associates | Announced |
| Dec 15, 2020 | $8.8M Venture Round | Hunter Somerville, Silicon Valley Bank | — | Announced |
| Dec 1, 2019 | $25M Series B | High Alpha, Jump Capital | BDC Venture Capital, BIP Capital, Hyde Park Venture Partners, Insignia Ventures Partners, Hans Tung, OMERS Ventures, Prosus Ventures, TechSquare Labs, Y Combinator, SAM Altman | Announced |
| Jul 1, 2018 | $8M Series A | Jump Capital | BDC Venture Capital, BIP Capital, High Alpha, Hyde Park Venture Partners, Insignia Ventures Partners, Hans Tung, OMERS Ventures, Prosus Ventures, TechSquare Labs, Y Combinator, SAM Altman | Announced |
| Nov 1, 2016 | $2M Seed | — | Cradlex, Hyde Park Venture Partners, Math Venture Partners, Origin Ventures, Shashank V Singh, Chicago Ventures, Connetic Ventures, Firestarter Fund, OCA Ventures, Sandalphon Capital, Techstars | Announced |
LogicGate is a global SaaS company providing the Risk Cloud platform, an AI-powered, no-code Governance, Risk, and Compliance (GRC) solution that helps enterprises manage cyber risk, third-party risk, compliance, and operational resilience.[1][2][3] It serves organizations across industries like software and technology, enabling them to automate workflows, centralize data, and gain real-time insights to transform risks into strategic opportunities, with over 40 purpose-built applications on a unified cloud platform.[2][3][7] The platform addresses pain points like manual spreadsheets and siloed data by offering intuitive tools for risk quantification, control gap analysis, and compliance with frameworks such as ISO, SOC2, and data privacy standards, driving efficiency and scalability.[1][4][5]
LogicGate's growth is evidenced by its recognition as one of four leading global GRC platforms by Gartner, consistent G2 leadership for over 20 quarters, and Forrester's strong performer status in third-party risk management (TPRM), reflecting strong market adoption and user praise for customization and productivity gains.[2][4]
LogicGate was founded in 2015 by GRC consultants Matt Kunkel (current CEO and Co-Founder), Jon Siegler, and Dan Campbell, who were frustrated with rigid, complex point solutions that wasted time for clients during implementations.[3] Drawing from over 30 years of combined industry expertise, they aimed to build a more user-friendly, flexible GRC platform, leveraging no-code interfaces and graph-database technology to simplify complexities and deliver quick value.[3][4] Early traction came from addressing real-world needs like controls compliance and risk management, evolving into a comprehensive suite that now supports holistic GRC programs amid rising cyber threats and regulations.[1][3]
LogicGate rides the wave of escalating cyber risks, data privacy regulations, and AI-driven GRC demands, where organizations face threats like ransomware, compliance gaps, and third-party vulnerabilities in fast-evolving digital environments.[1][6][7] Its timing aligns with market shifts toward integrated platforms over point solutions, fueled by needs for automation amid complex frameworks (e.g., SCF, ISO, SOC2), enabling software/tech firms to centralize compliance and reduce liabilities.[1][6] By fostering interconnected risk management, LogicGate influences the ecosystem through quick time-to-value implementations, strategic partnerships, and innovations like AI-enhanced controls, helping enterprises build resilience and turn compliance into competitive advantages.[2][3][4]
LogicGate is poised for continued expansion as AI integration deepens in GRC, with enhancements like automated gap analysis signaling a push toward proactive, predictive risk management amid rising global regulations and cyber threats.[1][2] Trends like multi-framework interoperability, real-time data aggregation, and no-code scalability will shape its trajectory, potentially capturing more market share in high-growth sectors like software and tech.[4][6] Its influence may evolve by empowering more enterprises to achieve audit-readiness and strategic agility, solidifying its role as a GRC leader in an increasingly risk-aware world—transforming vulnerabilities into opportunities, just as its founders envisioned.[3]
LogicGate has raised $156.8M in total across 5 funding rounds.
LogicGate's investors include Adam Marcus, Greenspring Associates, Hunter Somerville, Silicon Valley Bank, High Alpha, Jump Capital, BDC Venture Capital, BIP Capital, Hyde Park Venture Partners, Insignia Ventures Partners, Hans Tung, OMERS Ventures.