Venminder, an Elizabethtown, KY-based provider of third-party risk management solutions, raised $33m in Series C funding.
The round was led by new investor Silversmith Capital Partners, with participation from existing major institutional investors, Bain Capital Ventures and MissionOG.
The company plans to use the funds for feature development, capture additional share in core verticals and expand further into new markets.
Founded by Dana Bowers, a serial entrepreneur who also founded iPay Technologies and led by James Hyde, CEO, Venminder provides a SaaS-based software platform for customers ranging from small businesses to Fortune 500 companies to build a comprehensive, end-to-end view of the risks their vendors may pose, enabling them to track, automate, assess and report on all vendor activity in a centralized information repository. As part of its continued platform development efforts, the company also launched the Venminder Exchange earlier this year, a marketplace providing professionals a fast and efficient way to search and preview vendor risk assessments completed by qualified professionals, such as CISSPs, CPAs, and other thought leaders, in one centralized location.