Compyl, a rapidly growing provider of unified Governance, Risk, and Compliance (GRC) solutions, has successfully closed a $12 million Series A funding round. The investment was led by Venture Guides, with participation from existing investors including Contour Venture Partners, Armory Square Ventures, nvp capital, Alpine Meridian Ventures, Brooklyn Bridge Ventures, and Zelkova Ventures. This new capital injection comes on the heels of Compyl’s remarkable growth, with the company doubling its customer base in each of the past two years and experiencing triple-digit year-over-year annual recurring revenue (ARR) growth. The company plans to leverage this new funding to accelerate its go-to-market expansion and to further enhance its AI-powered GRC platform.
What is GRC and Why It Matters
At the core of the industry, Governance, Risk, and Compliance (GRC) is an integrated approach to managing an organization’s overall governance, its risk management practices, and its adherence to regulatory compliance. Traditional GRC solutions have been largely fragmented and cumbersome, requiring multiple disjointed systems to track risk and compliance, often leading to inefficiency and a…
