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VComply raises $6M Series A funding

Kolkata: VComply, governance, risk, and compliance management platform, has raised $6 million (Rs 44 crore) in Series A capital.

Investors in this round include Counterpart Ventures and Accel, Palo Alto and Kolkata-based VComply said in a statement.

“While we still have the 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,” VComply founder and CEO Harshvardhan Kariwala said.

The company will use the capital raised in this Series A round to expand its growth in the US and will focus on acquiring talent for several senior roles across its engineering, product, and marketing divisions.

It is also the latest startup operating in the SaaS space to raise funding. The sector has seen sustained investor interest in the past few years.

Source
VCCiRCLE

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