What is Convercent?
Founded in 1994 and headquartered in Denver, Colorado, Convercent operates within the enterprise software market, specializing in solutions that enable companies to build, manage, and scale robust compliance programs. The company's platform addresses the complex regulatory landscape faced by modern businesses, offering tools for policy management, risk assessment, and employee training. Convercent's established presence and comprehensive suite of services position it as a key player in the governance, risk, and compliance (GRC) 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 Mantucket Capital and Azure Capital Partners
Series A (2013): $10.2M led by Azure Capital Partners
Private Equity (2013): $500K supported by Mantucket Capital and Azure Capital Partners
Series B (2013): $10M featuring Rho Capital Partners, Azure Capital Partners, Sapphire Ventures, and Mantucket Capital
Debt (2014): $1M backed by Mantucket Capital, Azure Capital Partners, SAP Ventures, and Colorado Technology Association
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 Rho Ventures, Sapphire Ventures, and Tola Capital
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?
The recent major strategic investment in Convercent suggests a phase of accelerated scaling and potential market expansion. With a history of diverse financing rounds, including Series A through E, private equity, and debt financing, the company has demonstrated a consistent ability to attract capital. This latest backing is likely to fuel product development, enhance sales and marketing efforts, and potentially explore strategic acquisitions. Convercent's focus on the critical area of corporate compliance positions it for sustained growth as regulatory scrutiny intensifies globally.
See full Convercent company page
