Fusion Risk Management, Inc., a Chicago, IL-based provider of SaaS software for business continuity risk management, raised $41m in Series C funding.
The round was led by Catalyst Investors, with participation from existing investor Level Equity.
The company will use the funds to support product development, customer service, sales and marketing initiatives.
Founded in 2006 by David Nolan, CEO, Fusion Risk Management provides large financial services firms, health care and insurance companies, retailers, and manufacturers, among others, with a Software as a Service platform to manage operational risk through a strategic approach to business resilience, response and recovery programs. The Fusion Framework® System™, which addresses Business Continuity, Crisis/Incident Management, IT Disaster Recovery, and Operational Risk Management agendas, is complemented by a suite of offerings that includes the Fusion Enterprise Community™ mobile application for employee safety and security, Fusion Connector Series™ for managed pre-built integrations to enterprise and third party systems, and Fusion Fuel℠ advisory consulting services, which delivers expert guidance and resources to advance clients’ risk management programs.