Assent Compliance Secures $40 Million

Software startup Assent Compliance closed $40 million in financing. Greenspring Global Partners, Volition Capital, OpenText Enterprise Apps Fund, BDC Venture Capital, and RBC Capital participated in the funding.

Assent Compliance provides consolidated enterprise compliance SaaS software and data management solutions. The company’s platform offers adaptable data-focused modular solutions to enhance corporate social responsibility, product compliance, and vendor management programs, along with highly-focused compliance training and education through the Assent University Classroom. Assent scales with clients’ growing requirements, automates processes and delivers solutions that help companies stay compliant in an evolving regulatory landscape.

According to the company, the funding will enable Assent Compliance to invest in its platform, which includes applications for inspection and audits, a contact and parts database, an embedded learning management system, a robust campaign manager, and a supplier data exchange portal.