What is Continuity?
Based in New Haven, Connecticut, Continuity specializes in delivering regulatory technology (RegTech) solutions designed to streamline compliance and risk management processes for banks, credit unions, mortgage companies, and fintech firms. By integrating banking expertise, regulatory knowledge, and cloud-based technology, Continuity offers a robust framework to reduce regulatory burdens and mitigate risks cost-effectively. The company serves a substantial client base of hundreds of financial institutions across the United States and its territories, with a product suite that includes RiskAdvisor, VendorRisk, RegAdvisor® Pro, RegAdvisor® State, RegControls, ControlsBuilder, Policy and Procedure Management, and VendorComply.
How much funding has Continuity raised?
Continuity has raised a total of $18.6M across 7 funding rounds:
Private Equity
$2.1M
Unspecified
$1.1M
Unspecified
$2.3M
Other Financing Round
$2.2M
Private Equity
$550K
Private Equity
$10M
Debt
$350K
Private Equity (2009): $2.1M, investors not publicly disclosed
Unspecified (2011): $1.1M, investors not publicly disclosed
Unspecified (2012): $2.3M, investors not publicly disclosed
Other Financing Round (2013): $2.2M featuring Connecticut Innovations
Private Equity (2013): $550K, investors not publicly disclosed
Private Equity (2014): $10M with participation from BancVue, Ltd. and River Cities Capital Funds
Debt (2020): $350K led by PPP
Key Investors in Continuity
River Cities Capital Funds
River Cities Capital Funds (rccf.com) is a growth equity firm that focuses on investing in and scaling high-potential companies, particularly within the healthcare sector, by leveraging technology and services. They aim to enhance patient outcomes and improve care delivery through strategic investments.
BancVue, Ltd.
BancVue, Ltd. (kasasa.com), now operating as Kasasa, is a financial technology and marketing services company that provides technology and marketing products to credit unions and regional banks, aiming to enhance their customer offerings.
Connecticut Innovations
Connecticut Innovations (ctinnovations.com) is the state's strategic venture capital arm and quasipublic investment agency, providing crucial equity and debt financing, along with strategic guidance, to foster the growth of innovative companies within Connecticut.
What's next for Continuity?
The recent major strategic investment signals a pivotal growth phase for Continuity. With a strong foundation in RegTech and a broad client base, the company is well-positioned to leverage this capital for scaling its operations, enhancing its technological capabilities, and potentially expanding into new markets or regulatory domains. This funding round is indicative of strong investor confidence in Continuity's business model and its capacity to address the evolving compliance and risk management needs of the financial services industry. Future developments may include further product innovation and strategic partnerships to solidify its market leadership.
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