Amsterdam-based 3rdRisk, a collaborative platform for third-party risk management, announced that it has raised €500K in a Seed round of funding, including the option to expand the capital.
The investment came from Dutch-based Mamadoo Ventures, an informal investor specialising in growing B2B SaaS startups.
The European integrated risk management platform
3rdRisk believes the technology and methods used to handle third parties and compliance requirements are frequently ad hoc, standalone, labour-intensive, and based on pricey Governance, Risk & Compliance (GRC) solutions.
The 3rdRisk team has developed a third-party management tool where risk teams can cooperate and handle all of their activities in an integrated way with the goal of assisting organisations of all sizes in working together in a safe and legal manner.
Launched in 2021 by Bram Ketting and Rick Sollet, 3rdRisk enables…