Assent Compliance secures US $40M financing

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By Ted Liu

Assent Compliance Inc., an Ottawa based provider of compliance management solutions, has raised US $40 million in Series B funding led by Greenspring Associates with participation of existing investors, Volition Capital, OpenText Enterprise Application Fund (OTEAF), BDC Capital, NRC-IRAP, Royal Bank of Canada (RBC) and private investors.

[mepr-active rule=”374″ ifallowed=”hide”]Subscriber ONLY content: read our research and get insight on this and other deals. We offer monthly/yearly recurring or one-time subscriptions. [/mepr-active][mepr-active rule=”374″]In its SEC filing, Assent Compliance reported that it raised US $20 million from 4 US investors.[/mepr-active]

In April 2016, Assent Compliance closed US $20 million financing led by Volition Capital.

photo credit: Assent Compliance