Ethics reporting and compliance platform FaceUp has raised $5 million in Series A funding led by Fil Rouge Capital with participation from JIC Ventures. With the latest fundraising, FaceUp has earned about $9 million since it was founded in 2020.
Funding in the most recent round was also provided by Venture to Venture Fund and Gi21 Capital, according to a news release. Returning investors included Tilia Impact Ventures and Reflex Capital as well as angel investors and employees. The resources will go toward building FaceUp’s all-in-one ethics and compliance suite, gaining customers and partners and expanding reach, particularly in the US and UAE, the company said.
“I’m really excited about this growth investment, as it will allow us to move even faster toward our vision of becoming the leading solution for ethical and compliant workplaces worldwide,” Jan Slama, co-founder and CEO of FaceUp, said in the news release. “It will help us not only increase our ARR, expand our team and boost our product, but, most importantly, support even more organizations around the world in fostering trust, ethics, safety and integrity, while protecting their reputation, employees, resources and culture.”
