Onspring, an automated SaaS GRC software platform that delivers no-code connection across an enterprise, has raised strategic capital from Capital IP.
Founded in 2013, Onspring is a founder-owned and led company that has consistently outperformed the SaaS Rule of 40.
The funding will drive continued investment in platform improvements around AI, integrations, and user experience, in addition to new product development that will accelerate market share growth in the GRC category.
Onspring has maintained consistent revenue growth and world-class customer retention since its inception and recently expanded into the federal market with its FedRAMP In Process designation.
Quarterly software releases of platform enhancements and new functionality contribute to Onspring’s continuous ranking as a top GRC software for information security, risk management, compliance, and internal audit teams.
Three new products released in the past year – POA&Ms, ESG, and Regulatory Change Management – deliver solutions that serve market demand and provide necessary connective tissue to manage comprehensive governance, risk, and compliance programs.
Onspring co-founder Chris Pantaenius said, “Our focus on consistent and responsible growth has fueled our financial strength and ability to deliver ROI for customers.
Chad Kreimendahl – fellow co-founder – added, “Our plans to dramatically accelerate Onspring’s growth are now in place, creating opportunities for us to take bigger bets on product development to revolutionize the GRC market.”
Truv, a consumer-permissioned data platform, has acquired credit decisioning platform Credegraph in a move to continue modernising the lending verification experience.
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