What is Convercent?
Founded in 1994 and headquartered in Denver, Colorado, Convercent operates within the RegTech sector, providing a comprehensive software platform designed to help organizations build, manage, and scale their compliance programs. The company's solutions aim to streamline complex regulatory requirements, mitigate risks, and foster a culture of ethical conduct within enterprises. Convercent's software addresses critical areas such as policy management, training, incident reporting, and risk assessment, positioning it as a key player in the corporate governance technology space.
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 Azure Capital Partners, Mantucket Capital, Rho Capital Partners, and Sapphire Ventures
Debt (2014): $1M backed by Azure Capital Partners, SAP Ventures, Colorado Technology Association, and Mantucket Capital
Private Equity (2015): $10.5M with participation from Azure Capital, Mantucket Capital, and Sapphire Ventures, LLC.
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, Rho Ventures, and Sapphire Ventures
Debt (2020): $2M with participation from PPP
Key Investors in Convercent
Azure Capital Partners
Azure Capital Partners is an investment firm that focuses on post-seed and early-stage companies at pivotal growth points. They have a history of investing in transformative technologies and helping entrepreneurs expand their businesses.
Mantucket Capital
Mantucket Capital specializes in direct investing, focusing on creating a diverse portfolio. The company aims to provide investment opportunities that cater to various client needs.
Sapphire Ventures
Sapphire Ventures is a venture capital firm focused on investing in and providing services to technology companies. They are based in Palo Alto, California.
What's next for Convercent?
With a history of substantial capital injections, including major strategic investments, Convercent is well-positioned for continued expansion and innovation. The company's ongoing access to significant financing suggests a trajectory focused on enhancing its platform capabilities, expanding its market reach, and potentially pursuing strategic acquisitions. The sustained backing from prominent investors indicates confidence in Convercent's business model and its ability to address the growing demand for robust compliance solutions in an increasingly regulated global environment. Future developments are likely to center on leveraging technology, such as AI and advanced analytics, to further automate and optimize compliance processes for its enterprise clients.
See full Convercent company page
