What is ThirdPartyTrust?
ThirdPartyTrust operates within the burgeoning cybersecurity and SaaS sectors, offering a unique network-based platform designed to simplify and scale the management of third-party risk. The company's solution enables enterprises to efficiently gather and communicate essential security information during assessments. Concurrently, it provides third-party vendors with a centralized repository for their security data, facilitating easier sharing with current and prospective clients. This dual-pronged approach addresses critical pain points in vendor risk management, a key concern for large organizations navigating an increasingly interconnected digital landscape.
How much funding has ThirdPartyTrust raised?
ThirdPartyTrust has raised a total of $10M across 2 funding rounds:
Angel/Seed
$5.5M
Angel/Seed
$4.5M
Angel/Seed (2018): $5.6M with participation from Capital Midwest Fund
Angel/Seed (2020): $4.5M led by Capital Midwest Fund and Cultivation Capital
Key Investors in ThirdPartyTrust
Capital Midwest Fund
Capital Midwest Fund (CMF) is a venture capital firm that invests in revenue-stage technology companies in the Central United States, with a focus on software, services, and products targeting industrial, manufacturing, and enterprise customers. They seek companies with management adept at leveraging trending technology to solve specific customer challenges.
Cultivation Capital
Cultivation Capital is a venture capital firm that invests in transformative early-stage companies across various sectors including life sciences, software, and agriculture. They provide capital and network support from Series Seed through Series B, with a particular emphasis on Midwest-based startups demonstrating measurable milestones and hyper-growth potential.
What's next for ThirdPartyTrust?
With its recent major strategic investment and substantial overall funding, ThirdPartyTrust is well-positioned for accelerated growth and market expansion. The capital infusion is expected to fuel further development of its platform, enhance its network capabilities, and broaden its enterprise client base. The company's focus on simplifying complex security assessment processes aligns with current market trends, suggesting a strategic trajectory towards becoming a dominant player in the third-party risk management space. Future developments will likely involve deeper integration with enterprise security ecosystems and advanced analytics to proactively identify and mitigate vendor-related risks.
See full ThirdPartyTrust company page
