Docupace Technologies LLC, a Los Angeles, CA-based financial tech, digital compliance and cyber security company, raised $16.5m in funding.
Backers included Palisades Growth Capital and TVC Capital. In conjunction with the funding, Paul D’Addario from Palisades Growth Capital and Jeb Spencer from TVC Capital will join the Board of Directors of Docupace.
The company intends to use the funds to continue to expand adoption of its solutions.
Led by Michael Pinsker, founder and CEO, Docupace provides secure and federal and state law compliant electronic processing platforms for financial institutions and the wealth management industry players to simplify the process of capturing, organizing, routing and accessing information.
The company also enables broker-dealers and financial services firms to become cyber secure by assessing vulnerabilities, correcting potential gaps, and providing ongoing monitoring.