Ruleguard, a London, UK-based SaaS technology provider supporting financial institution regulatory compliance, completed a £3.5 million growth equity investment.
The investment was from two of Foresight’s VCTs, Foresight VCT and Foresight Enterprise VCT.
The fund will help the company to continue to develop additional platform capabilities while also scaling up sales and marketing to capitalize on a large and growing market opportunity.
Ruleguard is uniquely positioned as a specialized platform for regulatory compliance, with broader coverage than point solution providers while being more focused than generic enterprise-grade risk management platforms.
Company: Strategic Software Applications, Ltd.
Raised: £3.5M
Round: Growth Equity
Funding Month: September 2022
Lead Investors: Foresight VCT and Foresight Enterprise VCT
Additional Investors:
Company Website: https://www.ruleguard.com/
Software Category: Regulatory Compliance Solutions
About the Company: Established by founder John O’Dwyer in 2013 as a software development consultancy, Ruleguard is a provider of regulatory compliance solutions for the financial services industry. Its platform enables customers to navigate the ever-growing challenges of increasing regulatory compliance requirements with less effort and lower risk, while also enabling them to save money on audit compliance costs. Ruleguard has grown rapidly by winning business with a growing blue-chip customer base and expanding its capabilities to become one of the most competitive GRC platforms in the financial sector. Ruleguard's client list includes leading asset managers, wealth managers, brokers, insurance firms, and banks such as Computershare, Cazenove Capital, FNZ, Link Fund Solutions, OSTC, Quilter Cheviot, Santander, True Potential, Rathbones, and Royal London.
Source: https://www.privateequitywire.co.uk/2022/09/12/317340/foresight-vcts-invest-ps35-million-saas-technology-provider-ruleguard