Compliance Science, Inc., a New York City-based global provider of web regulatory compliance technology and services for the financial services community, raised $8.25m in Series A funding.
Edison Ventures made the investment and purchased a minority ownership interest. Managing Partner Chris Sugden will join Compliance Science’s board along with Glenn Stevens, Gain CEO and member of Edison’s Director Network.
The company intends to use the funds to accelerate technology and product development and expand sales and marketing.
Led by Mitch Kraskin, CEO, Compliance provides clients with a tech platform and tools to protect them from the reputational risk and revenue loss from non-compliant activities.
Clients include RIA’s, broker/dealers, private equity firms, hedge funds, banks, pension plans and public companies.