Greenboard, a US company that sells AI-native compliance software to financial institutions, disclosed a previously unannounced $15.5m Series A led by Base10 Partners on 12 May 2026. The company said it has raised $20m in total, which includes a $4.5m seed round in 2024 that Base10 also led, according to Fortune.
Other investors were Y Combinator, General Catalyst, which Fortune said invested through its acquisition of Wayfinder, Commerce Ventures, Transpose Platform, Liquid2 Ventures and Kulveer Taggar, along with unnamed strategic industry investors. Greenboard went through Y Combinator's winter 2024 batch. No valuation was disclosed.
“Making it so regulation doesn't slow business down is something that could really be a step change for our society.”Dave Feldman, co-founder and CEO, Greenboard
What Greenboard sells
Greenboard calls itself an AI-native securities compliance platform. Its tools cover archiving of communications that meets the SEC's 17a-4 rule with AI-supported supervision, configurable employee compliance, marketing compliance automation and firm-wide compliance workflows. Another report added third-party oversight to the list.
The company was founded in 2023 by Dave Feldman, chief executive, and Ed Schembor, chief technology officer. Fortune said they met as engineering undergraduates at Johns Hopkins. More than 500 financial institutions use the platform, and Fortune reported that the company says 88% of customers eliminate multiple legacy compliance tools after switching.
GreenboardGo
The launch that accompanied the funding is GreenboardGo, a conversational layer built on a firm's own compliance books and records. It answers employee questions according to the firm's policies, routes matters that need judgment to the right compliance owner and records the decision, and prepares tasks for review. Nothing is finalised until a compliance professional reviews and approves it.
Feldman described the approach to Fortune as expert in the loop, in which AI handles routine work and human experts oversee the output. He said the work is "just inherently unsexy" and that there are specific compliance requirements around books and records that make it hard to automate with generic generative AI tools.
Schembor said expert-in-the-loop is not a feature but the architecture, pairing human precision with AI recall.
Customers and plans
Financial IT, the trade publication, reported that Root Financial, a fast-growing US registered investment adviser, estimates it saves 24 hours a week on marketing reviews and other manual work. JMG Financial Group, another adviser, reported a 60% cut in compliance onboarding time, more than 10 hours a week saved on communications surveillance and the consolidation of three legacy systems.
Adam Boyer, chief operating officer and chief compliance officer of JMG Financial Group, said: "I can't say that they like compliance, but I can tell you that Advisors love Greenboard." The company's own materials also frame the product as a replacement for compliance work that has lived in email threads, spreadsheets and manual follow-ups.
The funds will go to expanding GreenboardGo, product development and go-to-market work. Rexhi Dollaku, general partner at Base10 Partners, said the firm believes the opportunity to apply Greenboard's long-horizon agents in financial services is huge.
Feldman told Fortune: "Making it so regulation doesn't slow business down is something that could really be a step change for our society." Neither source gave Greenboard's headcount or headquarters city.
Company website: greenboard.com