Convercent, a Denver, CO-based provider of enterprise compliance management software, raised $11m in Series C funding.
The round was led by Tola Capital, with participation from Sapphire Ventures and other existing investors (Azure Capital, Mantucket Capital, and Rho Capital Partners). In conjunction with the funding, Stacey Giard, Chief Operating Officer and principal of Tola Capital, will join Convercent’s board of directors.
The company intends to use the funds to enhance predictive analytics and reporting, while expanding its global sales and marketing efforts.
Led by Patrick Quinlan, CEO, Convercent provides a risk-based global compliance solution that enables the design, implementation and measurement of an effective compliance program integrating the management of corporate compliance risks, cases, disclosures, training and policies.
The company serves customers in more than 130 countries, including Philip Morris International, CH2M Hill and Under Armour.