Assent Compliance secures US $40M financing

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.

Subscriber ONLY content: read our research and get insight on this and other deals. We offer monthly/yearly recurring or one-time subscriptions.

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

photo credit: Assent Compliance

Ted Liu

Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal and CanadaMetals.ca, and former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA). Ted was the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, the most sophisticated and advanced all private capital and public market financing database.