Convercent Closes Series C

What does Convercent do?
Convercent, is a leading provider of enterprise compliance management software. The company enables effective compliance program for safeguarding the financials and reputation health of the client’s company. The company was founded with the idea of enhancing insight enables more effective oversight of a company’s compliance program. The company’s cloud based integrated compliance management suite pairs a intuitive user interface with the native analytics and reporting. Therefore, the result is cohesive and end to end compliance risk management facilitates defensive and effective corporate compliance program which safeguards the reputation and financial health of your company. The company safeguards financial and reputational health of an organization. The company’s compliance program management solution integrates and operationalizes compliance functions across the main risk areas, providing companies with cohesive and comprehensive approach in managing compliance risk.
How much Convercent was funded?
The company raised $11M in Series C on June 7, 2016 from Sapphire Ventures and Tola Capital
Previous funding
$10.2M in Series A on January 29, 2013 from Mantucket Partners and Azure Capital Partners
$10M in Series B on October 24, 2013 from Azure Capital Partners, Sapphire Ventures, Mantucket Partners and Rho Capital Partners
$10.52M in undisclosed round on March 27, 2015
$5M on November 30, 2015 from Trinity Capital Investment

What is next for Convercent?
Convercent plans to use the latest funding raised for enhancing its predictive analytics and reporting for facilitating proactive compliance management, while also expanding its marketing efforts and worldwide sales. As a part of the funding, Stacey Giard, Chief Operation Officer and principal of Tola Capital, will join the company’s board of directors.

More about Convercent
Convercent was founded on January 29, 2013 by Patrick Quinlan. It has its headquarters in Denver, CO. The company’s risk based global compliance solution enables designing, implementation and measurement of effective compliance program.