CoComply raises £1.9m as new umbrella-firm liability rules raise the stakes
What's the deal? CoComplyDealroom has a profile for this one. Try Dealroom →, a Macclesfield-based RegTech startup, has raised £1.9 million in an early-stage round to build out its platform for managing compliance risks across external workforces. The funding came from NPIF II – Mercia Equity Finance and HaatchDealroom has a profile for this one. Try Dealroom →.
What's the endgame? Based at Alderley Park, CoComply makes software that helps organisations spot hidden compliance risks in their supply of contingent labour. The money will accelerate development of that platform.
Why now? The timing tracks a sharp regulatory shift. Since April 6, 2026, recruitment agencies — and in some cases end clients — can be held jointly liable for PAYE and National Insurance left unpaid by umbrella companies, raising the cost of getting workforce checks wrong.
That makes software flagging compliance risk across external workforces more pointed than a generic RegTech pitch. The new rules concern umbrella arrangements specifically, and should not be confused with IR35 status assessments.
By the numbers: The raise appears to cap CoComply's funding for the year rather than represent a single new cheque. The company had already raised £900,000 earlier in 2026, according to Funding Spotter, bringing the 2026 total to £1.9 million.
At roughly $2.5 million, the round lands near the middle of the pack for early-stage deals — a useful amount of growth capital for a specialist at this stage, rather than a standout figure.
The signal: New liability rules are turning workforce-supply-chain compliance from a back-office concern into a board-level exposure, creating fresh demand for tools that surface it. CoComply's raise is an early bet on that shift, though the available reporting offers little yet on customer traction or market impact.
Read more: article.wn.com
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