Check out the pitch deck privacy compliance platform SafeGuard Privacy used to raise $7 million in funding
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- Privacy-compliance platform SafeGuard Privacy has raised $7 million in a “late-stage seed” round.
- The US-based firm plans to use the investment to grow its engineering, sales, and legal teams.
- Check out key slides from the pitch deck that helped SafeGuard Privacy secure the investment.
US-based privacy-compliance startup SafeGuard Privacy on Thursday said it had raised $7 million in “late-stage seed funding,” investment it plans to use to grow its engineering, sales, and legal teams.
Founded in 2019 by advertising industry veteran Richy Glassberg and longtime attorney Wayne Matus, SafeGuard Privacy describes itself as the “TurboTax of privacy compliance.”
For an annual fee, SafeGuard Privacy offers software that helps companies assess whether they are adhering to various global privacy laws, such as Europe’s General Data Protection Regulation and the California Consumer Privacy Act.
Companies can complete a checklist to assess their privacy compliance and benchmark the compliance of their vendors. In areas where they might fall short, the platform can autopopulate emails to send to their teams or outside counsel in order to fix issues and offers template policy language.
Its project-management software also includes areas for in-team collaboration and remediation. The platform logs and timestamps all events, which provides an audit trail for regulators showing the efforts companies have made to prevent breaches.
Glassberg said SafeGuard Privacy helps companies mitigate risk and save money on hourly lawyer fees as a patchwork of different privacy laws roll out across US states and globally.
“These privacy laws affect every company but they’re basically written for any marketer that has data on a consumer,” said Glassberg. He said SafeGuard Privacy differs from other privacy-compliance software because it approaches the problem from a marketer perspective. SafeGuard Privacy also intends to apply its software beyond privacy regulation to other areas, such as compliance with finance and InfoSec laws and standards.
SafeGuard Privacy’s investment round was led by the venture capital firm TechOperators and Irwin Gotlieb, the former global chairman and CEO of the WPP media agency GroupM.
“We’re proud that in a market where nobody is funding anything that really smart people see the value and the potential of what we have built.” Glassberg said.
Check out the key slides from the pitch deck that helped SafeGuard Privacy raise its $7 million late-stage seed round below.