Convercent swipes $10m for corporate compliance software

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Denver-based regtech startup Convercent has raised a fresh $10m in funding.

The new round comes just eight month after it secured its $11m Series C and attracted the same lead investors – Sapphire Ventures and Tola Capital Fund.

The SaaS company offers enterprise compliance management solutions designed to help companies to take on compliance proactively rather than reacting to situations that can damage a brand’s reputation.

Convercent aims to help companies track changes in government and financial regulations as well as corporate ethics.

Airbnb, LinkedIn, Petco and Time Warner are among the firm’s 500 clients with the company for the moment largely avoiding financial services where regulation change often occurs quickly.

Founded in 2013, the new capital takes the total raised by Convercent to more than $50m and will be used to fuel sales and marketing efforts.

The company recently expanded into London with the opening of an office in the city in November.

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