Assent Compliance Inc. (Assent), an Ottawa, Ontario-based leader in supply chain sustainability management, announced that it raised $350 million in funding.
The round was led by Vista Equity Partners (Vista), the leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses.
This is one of the largest raises in Canadian software company history and establishes Assent in unicorn status, valued at more than $1 billion.
The funding will enable Assent to advance its distinct industry-leading SaaS platform, particularly supporting sustainability/ESG capabilities, grow its global footprint through expansion plans in Europe. And plan to expand its team by 40% hiring for key roles in sales, services, engineering, customer success, and marketing.
Company: Assent Compliance Inc.
Raised: $350.0M
Round:
Funding Month: January 2022
Lead Investors: Vista Equity Partners (Vista)
Additional Investors:
Company Website: https://www.assentcompliance.com/
Software Category: Supply chain data management software
About the Company: Assent Compliance Inc. is the supply chain sustainability management solution dedicated to helping complex manufacturers bring responsible products to the world. Shaped by regulatory experts and customers, Assent provides the missing foundation for cross-enterprise sustainability. Assent reveals what's hidden, validates what's good, and helps eliminate unwanted surprises so the world's forward-thinking complex manufacturing companies can thrive today and in the future. Headquartered in Ottawa.
Source: https://www.prnewswire.com/news-releases/assent-compliance-announces-350-million-usd-investment-to-expand-global-footprint-in-supply-chain-sustainability-management-achieves-unicorn-status-301455221.html