LockPath, an Overland Park, Kansas City-based provider of governance, risk and compliance (GRC) applications, has closed a $2m Series A financing.
The round was led by El Dorado Ventures, with participation from Webb Investment Network and Vesbridge Partners.
The company intends to use the funds to expand its team.
In conjunction with the funding, Jeff Hinck, General Partner, El Dorado Ventures, has joined LockPath’s board.
Led by CEO Chris Caldwell, the company develops information security software products, which are deisgned to enable regulated organizations of all sizes to progress from isolated compliance initiatives and departmental silos of risk-related information, to integrated, company-wide compliance strategies.
LockPath has offices in Minneapolis and Santa Clara.