Compliance11, Inc., a Chicago, IL-based provider of regulatory compliance management solutions, has secured $6m in Series B round of funding.
The deal was led by Talon Capital Partners, LP in Chicago, Illinois and KVG Partners.
The new capital will enable the company to further accelerate its growth.
Commenting on the round, Bill Wolf of Talon Capital Partners, was quoted as saying: “We believe Compliance11 is the leader in supplying SaaS compliance products to the financial services industry.
“This financing allows Compliance11 to accelerate its growth while continuing to develop new applications for it suite of software products”.