What is Convercent?
Founded in 1994 and headquartered in Denver, Colorado, Convercent operates as a specialized software provider dedicated to the design and implementation of sophisticated compliance programs. The company occupies a critical niche in the regulatory technology sector, offering tools that enable organizations to manage complex governance, risk, and compliance (GRC) requirements. By integrating data-driven insights into corporate ethics and policy management, Convercent empowers enterprises to mitigate operational risks and foster a culture of integrity, positioning itself as an essential partner for global businesses navigating increasingly stringent regulatory environments.
How much funding has Convercent raised?
Convercent has raised a total of $90.8M across 11 funding rounds:
Multiple Rounds
$26.3M
Debt
$1M
Private Equity
$10.5M
Other Financing Round
$5M
Series C
$11M
Series D
$10M
Series E
$25M
Debt
$2M
Private Equity (2013): $5.6M with participation from Azure Capital Partners and Mantucket Capital
Series A (2013): $10.2M led by Azure Capital Partners
Private Equity (2013): $500K supported by Azure Capital Partners and Mantucket Capital
Series B (2013): $10M featuring Rho Capital Partners, Mantucket Capital, Sapphire Ventures, and Azure Capital Partners
Debt (2014): $1M backed by Azure Capital Partners, Colorado Technology Association, SAP Ventures, and Mantucket Capital
Private Equity (2015): $10.5M with participation from Sapphire Ventures, LLC., Azure Capital, and Mantucket Capital
Other Financing Round (2015): $5M led by Trinity Capital Investment
Series C (2016): $11M supported by Tola Capital and Sapphire Ventures
Series D (2017): $10M, investors not publicly disclosed
Series E (2017): $25M backed by Tola Capital, Sapphire Ventures, and Rho Ventures
Debt (2020): $2M with participation from PPP
Key Investors in Convercent
Sapphire Ventures
Sapphire Ventures is a venture capital firm focused on investing in and providing services to technology companies, with a strong emphasis on scaling enterprise software businesses.
Azure Capital Partners
Azure Capital Partners is an investment firm that focuses on post-seed and early-stage companies at pivotal growth points, providing strategic guidance to transformative technology firms.
Tola Capital
Tola Capital is a venture capital firm based in Seattle that specializes in providing capital and operational expertise to enterprise software companies.
What's next for Convercent?
With a history of sustained growth and a diverse investor base, Convercent is well-positioned to leverage its recent capital injection to further enhance its product suite. The company's strategic focus likely involves deepening its technological capabilities in automated compliance monitoring and predictive risk analytics. As the regulatory landscape continues to evolve, Convercent's ability to provide scalable, enterprise-grade solutions will be instrumental in maintaining its competitive advantage. Future initiatives will likely prioritize market expansion and the integration of advanced machine learning models to streamline complex compliance workflows for its global client base.
See full Convercent company page
