Risk screening and monitoring platform Sigma Ratings has secured a Series A investment round.
The round was headed by Mosaik Partners. Also participating in the round were FinTech Collective, Contour Ventures and AngelList Ventures.
Sigma connects publicly-sourced data and risk intelligence into a platform that helps companies evaluate, risk, onboard, retain and expand relationships.
The company has seen 250% revenue growth and a doubled client base during the pandemic.
Sigma Partners will use the funding to widen its commercial functions and invest in additional product and engineering talent.
Sigma CEO and founder Stuart Jones said, “Firms are looking for faster, smarter ways to perpetually evaluate customer and third-party risk. Doing so helps these firms manage potential downside risk, confidently expand relationships and automate and improve upon existing processes.
“Our platform answers that need through enriched global data, intelligent and configurable workflows and innovative technical applications that simply outperform legacy approaches.
We’re excited to partner with Mosaik given their deep experience in financial services and tech investing and continue on our mission to not only help firms ensure regulatory compliance, but to also help them unlock an even deeper understanding of who they work with.”
Last year, Sigma named Alison Clew as its new independent director. Clew joined Sigma’s board of directors, supporting the RegTech company as it bolstered its growth.
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