Regtech SaaS Startup VComply has secured $6 million in latest funding round from Accel and Counterpart Ventures. The Palo Alto and Kolkata-based company aims to expand in the United States and grow into the new markets in Europe.
The governance, risk and compliance (GRC) management platform will use the fresh funds raised to hire across the US and Europe.
“Our team has been heads down on product development for the past year, continuing to develop our next-gen solution to a long-time problem of managing GRC. While we still have lion’s share of our seed round proceeds, this opportunistic round came together quickly, and will allow us to step on the accelerator to bring out solutions to a wider market.” – stated founder and CEO at VComply, Harshvardhan Kariwala.
Dinesh Katiyar, partner at Accel, said, “In the rapidly growing GRC management landscape, VComply’s solution stands out by providing a cloud-based solution that enables robust self-serve risk management while also being easy to use.”
VComply is an agile cloud (software as a service) GRC platform. VComply was founded in 2019 to deliver a SaaS Cloud GRC solution that is highly configurable and adaptable to a range of industries with a particular focus in the mid-market.
VComply claims to enable organizations with out-of-the-box GRC applications that possess the ability to configure them to the exact needs of an organization with zero coding and zero infrastructure.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.