Luxembourg-based Governance.com has reportedly netted €355,515 through a crowdfunding campaign.
The company has raised the capital from around 276 investors on the CrowdCube platform. The campaign has another 16 days left.
An initial goal of €250,000 had been placed on the crowdfunding campaign, with a pre-money valuation of €11m.
So far, a total of 3% of Governance.com’s equity has been distributed among the backers, with the share price at €35.35,
Founded in 2015, the company is designed to help regulated financial institutions to optimise their business processes.
Governance.com aggregates data, automates workflows, visualises progress and records decisions. Its tools include onboarding, launching a fund, due diligence, process management, regulatory deadline management and more.
With this capital, the company will grow its governance team and further its marketing strategy,
Over the past three years, the RegTech has grown by 364%.
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