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Blog > VComply Raised $6 Million in Series A Funding: See Where We Are Headed!

VComply Raised $6 Million in Series A Funding: See Where We Are Headed!

VComply Editorial Team
January 21, 2021
1 minutes

It is an exciting time for us at VComply! We raised $6 Million in Series A funding to expand VComply’s mission to build one of the most intuitive and innovative Governance, Risk, and Compliance platforms in the market. Counterpart Ventures led the round with participation from our current investor Accel Partners.

It marks a significant milestone as it sends a powerful message about the direction in which we are heading as renowned investors validate our growing market position. We built VComply with an unwavering belief that every organization deserves an intuitive and flexible GRC platform that understands its unique Governance, Risk, and Compliance management requirements, which legacy software products fail to understand.

GRC software is a necessity for the modern organization. The current market is full of antiquated solutions, which are not agile and are difficult to manage. VComply is uniquely positioned with its innovative, robust, and scalable platform to capture a huge piece of this market. We are thrilled to be leading this round and looking forward to associating with the company’s continued growth,” said Patrick Eggen, Co-founder, and Partner at Counterpart Ventures.

Since our start in 2019, VComply has embraced a customer-centric approach and continuously strives to make compliance and risk management as easy and transparent as possible. “In the rapidly growing GRC management landscape, VComply stands out by providing a cloud-based solution that enables robust self-serve risk management while also being easy to use. They have a tremendous opportunity ahead to expand their business in the US, and we’re looking forward to working with them on this journey.,” said Dinesh Katiyar, Partner at Accel.

We are honored to see the belief and commitment of our investors. And we are thrilled to welcome Counterpart Ventures to the VComply family and see such strong support from our exiting partner, Accel.

We will utilize the investment proceeds to strengthen all areas of the company, with a particular focus on:  

  • Continue product innovation to serve the growing GRC market 
  • Invest further in customer success initiatives and providing an unparalleled customer experience. 
  • Scale our operations across North America and Europe

A sincere thank you to our customers

Delighting our customers is at the core of our vision. We are incredibly thankful to our customers – we could not have gotten here without their trust and commitment. Our customers and partners have been there at every step, holding us accountable for our goals and targets. We continue to strive to provide the best experience and support to our customers.

What’s ahead?

The road ahead is exciting. Our roadmap is goal-driven and sets a tone of positivity with features that add value to our customers. We are invested in a plan to make our Compliance, Risk, Policy, and Audit Management products as fluid and intuitive as everyday products. We will continuously build and deliver features that help drive change and deliver faster results and better governance.

Once again, a heartfelt thank you to our investors, partners, customers, and a fantastic team. We are eagerly looking forward to the next chapter of VComply!

We wish you all a successful 2021!