Compliance and risk management platform Certa has raised $35 (about Rs 291 crore) million in its Series B round led by Fin Capital and Vertex Ventures Southeast Asia and India. Tru Arrow Partners, Point72 Ventures, BDMI, the family office of Aglae Ventures, Mantis VC and GOAT Capital also participated in the round.
The fresh funding brings the total institutional investment in the San Francisco and Bengaluru- based company to $50 million to date.
The proceeds will be utilised to bolster go-to-market engines, deploy next-gen technologies, and expand into high-demand markets, Certa said in a press release.
Founded in 2013 by Jagmeet Lamba, Certa offers a platform where all third parties — vendors, partners and clients — can share data and internalise a company’s rules and policies around compliance and risk. Certa provides risk scoring reports, templates and modules in addition to third-party validations and questionnaires to analyse risk and keep up with regulations.
The company claims to have helped clients onboard and monitor millions of companies across 120 countries supporting 41 languages. It also claims to make companies reduce their cycle times by over 78% and operating costs by 50%.
Other players in this space are Hyperproof, Cypago and Kompliant which have raised significant amounts in recent times.
