Complinity, a Gurgaon, India-based startup in the B2B SaaS space, raised $750,000 (INR 5.5 crore approximately) in a pre-Series A round.
The round was led by RiSo Capital, an early-stage VC investment firm based in Silicon Valley (US), along with Rajnish Babbar, another lead investor from the US, and a few other angel investors, as part of the Pre-Series A round closure.
The funds raised will be utilized to expand the overall technology, sales, and operational capabilities of the company.
Company: Complinity Technologies Pvt. Ltd.
Raised: $750.0K
Round: pre-Series A
Funding Month: October 2021
Lead Investors: RiSo Capital
Additional Investors: Rajnish Babbar
Company Website: https://www.complinity.com/
Software Category: Governance, Risk & Compliance Software
About the Company: Founded in 2017 by Sumit Pahwa, Hari Balasubramanian, and Kapil Sharma, Complinity is India's Leading (https://complinity.com) Compliance Software Company covering 2000+ Laws and 20,000+ compliances in India across all states and 50+ industry verticals. Complinity helps businesses establish a centralized Compliance Monitoring Framework across different locations of an organization with real-time automated legal updates, alerts, escalations, workflows, dashboards, and document management. Complinity also puts an organization's Contracts, Litigation, Risks, Controls, Audits, and much more on the digital platform, thereby managing the risk of non-compliances, contract breaches, and control failures thus driving efficiencies with automation, real-time visibility, and access to information across all levels of an organization. Complinity is adding value to 300+ enterprise customers and 8000+ users and is working with leading brands all over India across 50+ industry verticals.
Source: https://www.business-standard.com/content/press-releases-ani/compliance-software-startup-complinity-raises-usd-750-000-from-riso-capital-and-other-investors-121102500665_1.html