– Coinfirm is a London, UK-based global leader in RegTech for digital currencies and the blockchain-based financial ecosystem.
– The company closed an USD8m Series A funding.
– The round was co-led by Six Fintech Ventures, the corporate venture arm of SIX, and FiveT Fintech, followed by MiddleGame Ventures. Mission Gate and CoinShares also participated in this round.
– The new investment will be aimed at continuing the company’s growth trajectory in the EU, expanding its offering to the Asian and US markets, and strengthening the enterprise and financial institution offering.

– Relyance AI, an early-stage startup that is helping companies stay in compliance with privacy laws at the code level, announced a $25m Series A.
– Menlo Ventures and Unusual Ventures led the round.
– Serial entrepreneur Jyoti Bansal from Unusual will join the board under the terms of the deal.
– Matt Murphy from Menlo is coming on as a board observer.
– The company has now raised $30m.

– Seattle compliance automation startup Strike Graph has raised $8m in a Series A funding round.
– The round was led by Information Venture Partners with participation from previous investors Madrona Venture Group, Amplify.LA, Revolution’s Rise of the Rest Seed Fund and Green D Ventures.
– The startup currently has 25 employees and is hiring for remote positions for engineering, marketing, product roles and more.

– AnChain.AI is a San Francisco CA-based blockchain security company.
– Company raised $10M in funding.
– The round was led by SIG Asia Investments with participation from Fin VC, Nima Capital, Hard Yaka and Amino Capital.
– The new investment will be aimed at accelerating product development and recruitment across research and development, engineering, customer success and sales.

– Lextegrity Inc. closed a $5m funding round.
– The round was led by Prescott General Partners.
– The company plans to use the funds to expand its global customer base and go-to-market capability and drive the development of its platform.

– Monad is a security data cloud company based in San Francisco.
– The company emerged from stealth with $17m in Series A funding.
– The round was led by Index Ventures with participation from Sequoia Capital, Christian Almenar and Jacolon Walker.
– The new investment will be used to scale the company’s development efforts for its security data cloud platform.

– Regology announced an $8m Series A round led by ACME Capital.
– Regology offers an AI-enabled platform that actively tracks regulatory updates, allowing companies to dynamically monitor changes to business-relevant laws, identify emerging risks and fines, and set up controls to ensure legal requirements are being met.
– Based on Regology’s market analysis, in 2020 Global 500 companies spent more than $400 billion on regulatory compliance, yet were fined over $20 billion.
– The Regology platform aims to solve this gap by providing companies instant access to law progressions, from initial bill to law passage, to subsequent publication coverage and updates across jurisdictions.
– Its proprietary AI algorithm allows companies to track regulatory updates in real time at the industry, product and functional level, ensuring their business keeps pace with the dynamics of regulations.

– LogicGate, a Chicago, IL-based provider of risk and compliance solutions, raised $113m in Series C funding.
– The round was led by PSG, with continued participation from Greenspring Associates.
– The new capital will be used to accelerate product advancements and the expansion of its partner ecosystem, international presence and security posture.

– FRISS closed a $65m Series B funding round led by Accel-KKR, advised by FT Partners and endorsed by existing investor, Aquiline.
– The funding will fuel the company’s rapid growth with additional product innovations, deep market penetration and lines of business expansions.
– FRISS serves insurers in over forty countries today, and is well on track to deliver over $2 billion in fraud savings to insurers in 2021 alone.
– Insurance fraud is a large and growing problem faced by insurance companies, with estimates of fraud in as much as 10-17% of total claims paid annually – a staggering $80bn annual loss in the US insurance market alone.

– Councilbox, a Madrid, Spain-based legaltech startup, raised €5M (US$6M) in Series A funding.
– The round was led by Adara Ventures, with participation from Telefonica’s Wayra and ABANCA.
– The company intends to use the funds to accelerate growth, expand its team, and begin its international expansion.

– Quantexa, a London-based AI startup, raised $153m in Series D funding.
– The round was led by Warburg Pincus and joined by existing investors Dawn Capital, AlbionVC, Evolution Equity Partners (a specialist cybersecurity VC), HSBC, ABN AMRO Ventures and British Patient Capital.
– The company was valued between $800m and $900m.
– Quantexa got its start out of a gap in the market that Marria identified when he was working as a director at Ernst & Young tasked with helping its clients with money laundering and other fraudulent activity.
– It has now raised over $240m to date.

– Didomi announced its Series B round of $40m led by Elephant and Breega.
– The Paris-based startup helps developers and companies manage their users’ consent and preferences across their online and off-line channels.
– This funding will allow Didomi to support strong growth in its European home markets, finance its expansion to the United States and invest in its technology platform globally.
– The funding will allow Didomi to develop a more convenient, self-service platform upon which organizations of all sizes can create consent and preference management interfaces.
– Beyond building world-class technology, the funding will also be used to expand its global footprint by opening an office in the US.

– Drata is a security and compliance automation company.
– Company raised $25M in Series A funding.
– The round was led by GGV Capital with participation from new investors Okta Ventures and Silicon Valley CISO Investors (SVCI), as well as insiders Cowboy Ventures and Leaders Fund, along with several strategic investors and security practitioners.
– The new investment will be used to hire across key go-to-market functions and expand the platform beyond SOC 2 into ISO 27001, the European compliance counterpart, as well as additional security frameworks.

– Hawk AI announced that it has raised $10m USD in its Series A funding, with fintech specialist BlackFin Capital Partners leading the investment round and Picus Capital expanding its existing share.
– Hawk AI is Germany’s leading software platform for banks, payment firms and fintechs for the detection of transactions linked to financial crime.
– The software identifies patterns of suspicious activity in financial transactions with the help of artificial intelligence and provides anti-money-laundering experts with highly relevant, actionable alerts.
– Hawk AI eliminates false alerts by applying fully transparent and auditable Machine Learning to deliver significant process efficiencies.
– Hawk AI aims to become the leading compliance platform for transaction surveillance.

– Ostendio is an Arlington, VA-based provider of always-on integrated risk management technology that makes it easy to build, operate, and showcase a security program.
– The company closed a Series A funding of undisclosed amount.
– The round was led by Osage Venture Partners and included follow-on investments from Blu Venture Investors, CIT GAP Funds, and other existing investors.
– The new investment will be aimed at the expansion of its network of audit partners (Auditor Connect) and its vendor risk management solution (Vendor Connect).

– Online identity verification platform Trulioo has closed a $394 million series D round of funding at a $1.75 billion valuation after the pandemic forced businesses across the spectrum to embrace digital transformations.
– Much as the need for electronic signatures skyrocketed after most activities went online over the past year, companies have had to rapidly transition to technologies that allow them to verify users are who they say they are.
– This is particularly crucial in highly regulated industries like financial services.
– Founded in 2011, Vancouver, Canada-based Trulioo offers various tools for companies to verify their online users, including general identity verification that may check a user’s data against third-party data sources, such as a credit bureau, government database, or mobile carrier.

– IT asset management platform Lansweeper has raised €130 million ($158 million) from venture capital and private equity firm Insight Partners.
– Founded out of Belgium in 2004, Lansweeper offers a platform that scans corporate networks to identify all “assets,” including servers, routers, workstations, printers, monitors, and installed software.
– This gives IT personnel and managers a “single source of truth” on all the hardware, software, and users across the company, providing visibility into blind spots to ensure software and licensing are up to date, for example, and improving security by surfacing all endpoints wherever they reside.

– Panther Global, a Tampa FL-based company which allows businesses to hire and manage people, raised $2.5m in funding.
– The round was led by Tribe Capital, Eric Ries, and Carta Ventures.
– The company intends to use the funds to expand operations and its business reach internationally.

– ComplyAdvantage is a data technology company specialized in financial crime detection.
– The new round of funding was led by Goldman Sachs Asset Management.
– The funds will be used to consolidate the company’s growth.

– Assignar, a cloud-based construction tech startup, raised $20m in Series B funding.
– The round was led by real estate tech-focused venture firm Fifth Wall.
– Existing backer Tola Capital and new investor Ironspring Ventures also put money in the round.
– The company plans to use the funding to expand its sales and marketing efforts.

– Los Angeles-based TerraTrue has raised $15 million in a series A round of funding led by 3L, with participation from Chris Sacca and Anthos Capital.
– In its short tenure (TerraTrue exited beta in the third quarter of 2020), the startup has amassed a reasonable roster of customers that includes freshly IPO’d ecommerce giant Wish and VC-backed photo app maker VSCO.

– Fyllo, the leader in digital marketing and compliance solutions technology for highly regulated industries, including cannabis, has closed an oversubscribed Series B round totaling $30M co-led by JW Asset Management and Sol Global.
– Additionally, Peter S Kraus, chairman and, CEO of Aperture Investors and former AllianceBernstein CEO joins the Company’s Board of Directors.
– Of note, sixty percent of the funds raised in the Series B comes from outside of the cannabis industry, underscoring the maturity of the burgeoning cannabis market and validating the Company’s potential to scale beyond the endemic market to address similar challenges faced in other highly regulated industries.

– Druva announced a $147m investment as the company rapidly scales in response to accelerated demand for its platform.
– The round was led by Caisse de dépôt et placement du Québec (CDPQ), a global investment group, with a significant investment by Neuberger Berman, each of which manage more than $300 billion in net assets.
– As organizations quickly move workloads to cloud environments, adopt SaaS solutions, and combat rising cyber threats, this new investment will fuel continued expansion of Druva Cloud Platform to meet today’s unprecedented needs, and extend the company’s industry leadership as it defines tomorrow’s data protection.
– Druva is the leader in Cloud Data Protection and Management.

– OneTrust, a privacy platform startup, acquired Convercent, a company that was built to help build more ethical organizations.
– The companies did not share the purchase price.
– OneTrust just raised $300m on a fat $5.1b valuation at the end of last year, and it’s putting that money to work with this acquisition.
– Convercent brings 750 customers and 150 employees to the OneTrust team along with its ethics system, which includes a way for employees to report ethical violations to the company and a tool for managing disclosures.
– Quinlan wrote in a company blog post announcing the deal that joining forces with OneTrust will give it the resources to expand its vision.
– Convercent was founded in 2012 and has raised over $100m, according to Pitchbook data.

– Security compliance startup Secureframe raised $18m in Series A funding.
– The round was led by Kleiner Perkins and joined by Gradient Ventures and Base10 Partners.
– The company helps businesses maintain two key cybersecurity certifications, SOC 2 and ISO 27001.
– It helps companies get their certifications and become compliant in weeks, rather than months.

– UpCodes, a startup that develops building-code compliance tools, announced today it has raised $3.36 million in pre-Series A funding.
– This brings its total raised so far to $4.15 million.
– The new funding was led by Berlin-based Point Nine Capital, which focuses on SaaS and online marketplaces.
– The company also recently won a legal victory when United States District Court Judge Victor Marrero granted UpCodes its motion to dismiss a false advertising and unfair competition lawsuit filed against it by the International Code Council (ICC).
– An earlier copyright lawsuit filed by the ICC against UpCodes is still ongoing, but UpCodes won a major decision in the case last year when Judge Marrero ruled that its posting of building codes is covered by public domain and fair use.

– DataGrail is a San Francisco, Calif.-based modern privacy platform designed to help brands to build customer trust and transparency.
– The company raised $30m in Series B funding.
– The round was led by Felicis Ventures with participation from Next47, Basis Set Ventures, Operator Collective, and previous investors.
– DataGrail intends to use the funds to continue to expand operations and its business reach.

– Privacera is a Fremont, Calif.-based cloud data governance and security company.
– The company raised $50m in Series B funding.
– The round was led by new investor Insight Partners with participation from Sapphire Ventures, Battery Ventures, and existing investors Accel, Cervin, and Point 72.
– The company intends to use the funds to fast-track its go-to-market strategy and further extend its investment in its unified system for data governance and privacy across multiple cloud services such as Databricks and Snowflake.

– Elucidate, a Berlin, Germany-based financial crime risk scoring platform, raised €2.5m in pre-Series-A funding.
– The round led by Frontline Ventures with participation from existing investors Seed X Liechtenstein, APEX Ventures, and Big Start Ventures.
– The new investment will be used to accelerate market penetration to the public sector and regulators, in addition to banks, non-banking financial institutions (NBFIs), VASPs and fintechs already using the platform to assess, score and price financial crime risk.

– AgentSync announced a $25m Series A funding round.
– The round was co-led by Elad Gil and David Sacks’ Craft Ventures, with participation from Marc Benioff, Caffeinated Capital, Operator Collective, and Nine Four Ventures.
– This brings the company’s valuation to $220m, ten times higher than when the company raised its seed funding in mid-2020.
– AgentSync is tackling one of the biggest barriers to growth and innovation in the fragmented, complex insurance ecosystem – how brokers and insurers connect.
– By leveraging automation and technology to do the heavy lifting surrounding the compliance and management of insurance distribution channels, AgentSync is building the most tech-forward producer management system on the market.

– Praxis Labs is a New York-based maker of a virtual reality-based diversity and inclusion learning platform.
– The company raised $3.2m in seed funding.
– The new investment will be used to expand the company’s operations and business reach.

– SPHERE secures $10m in Series A funding
– The round was led by ForgePoint Capital with participation from security leaders including Omkhar Arasaratnam (former Executive Director, Head of Data Protection Technology at JPMorgan Chase); Joel Caminer (former Global Head of Technology Risk Management and Information Security at TD Securities); Adnane Charchour (former President & CEO at Scivantage) and Sounil Yu (former Chief Security Scientist at Bank of America)
– Don Dixon and Will Lin, Managing Directors at ForgePoint Capital, will join SPHERE’s board of directors.
– SPHERE is a woman-owned cybersecurity business focused on providing best-of-breed software and services for access governance across data, platforms and applications.

– Paragon Data Labs (PDL) announced its first round of angel investors and the formation of its strategic advisory council.
– The angel investors include Mitchell Kapor, Joshua Litwack, SK Gupta, and William Kochansky.
– PDL is the creators of Compliance Administration & Tracking (CAT), a cloud-based enterprise compliance platform.
– The platform enables compliance teams to streamline critical business functions and adapt their compliance programs with the regulatory environment.
– Kochansky wasn’t the only person impressed. The innovative venture has attracted support from an accomplished and ingenious group of angel investors who will also serve as a strategic advisory council to accelerate PDL’s growth.