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Today: Jun 14, 2024

Anecdotes snags $25M in Series B funding

1 min read

TLDR:

Fintech company anecdotes has raised $25 million in a Series B funding round, bringing its total capital raised to $55 million. The funding was led by Glilot Capital Partners, with participation from Red Dot Capital Partners, Vintage Investment Partners, Shasta Ventures, Vertex, and DTCP. anecdotes offers enterprise governance, risk, and compliance (GRC) technology solutions that streamline compliance and risk management processes through data-driven innovations. The company plans to use the funding to expand its global presence and introduce new data-driven products to the GRC landscape.

Key points:

  • Anecdotes has raised $25 million in a Series B funding round, bringing its total capital raised to $55 million.
  • The funding was led by Glilot Capital Partners and included participation from Red Dot Capital Partners, Vintage Investment Partners, Shasta Ventures, Vertex, and DTCP.
  • Anecdotes offers enterprise governance, risk, and compliance (GRC) technology solutions that streamline compliance and risk management processes through data-driven innovations.
  • The company plans to use the funding to expand its global presence and introduce new data-driven products to the GRC landscape.

Anecdotes, a fintech company specializing in enterprise governance, risk, and compliance (GRC) technology, has closed a $25 million Series B funding round. Led by Glilot Capital Partners, the funding round included participation from Red Dot Capital Partners, Vintage Investment Partners, Shasta Ventures, Vertex, and DTCP. This funding brings anecdotes’ total capital raised to $55 million. The company’s Compliance OS platform streamlines data collection into modern GRC applications, addressing diverse compliance and risk needs. It integrates with widely used enterprise platforms like Azure, PagerDuty, and Datadog. Anecdotes has more than tripled its annual recurring revenue over the past year, primarily driven by the expansion of its US customer base. The company plans to use the funding to further expand into vital markets across the US, EMEA, and APAC and introduce new data-driven innovations to the GRC landscape.