Assent Compliance, a Canadian supply chain data management company, has raised $350 million in funding led by Vista Equity Partners, the company recently announced, helping it attain unicorn status with a valuation of more than $1 billion. The funding is one of the largest in Canadian software history.
The fundraise follows a year of growth for Assent, which has expanded its global workforce by 35 percent and annual recurring revenue by more than 50 percent, the company said in a news release. Assent provides enterprise-wide supply chain sustainability software across product compliance, trade compliance and ESG in the area of complex manufacturing.
“The increasing complexity and scale of regulations and varying requirements globally, combined with a heightened focus on ESG, presents challenges for companies across industries, particularly for manufacturers,” said Andrew Waitman, CEO of Assent. “Assent enables deep insight and rapid transparency to help ensure products are made with environmental and human rights standards necessary to compete — and win — in markets of the future.”
With the new funding, Assent plans expand its team by 40 percent, hiring for key roles in sales, services, engineering, customer service and marketing, in addition to implementing functions to support…
