ComplySci secures $120mn growth investment from K1 Investment Management

By Pavithra R

ComplySci, a leading provider of regulatory technology and compliance solutions for the financial services sector, has announced securing a growth capital investment of $120 mn from K1 Investment Management, a leading private equity investment firm focused on high-growth enterprise software companies.

ComplySci offers innovative compliance software that creates a robust employee compliance function. The company’s solutions deliver scalable identification and mitigation of employee regulatory and compliance risks, at a high degree of precision and on a cost-efficient basis.

“We are thrilled that K1 shares our passion about the opportunities ahead for our business and our excitement around the future of innovation in the RegTech industry. With K1 as our partner, ComplySci looks forward to continuing to build out our products and services, and to driving additional growth through acquisitions. This investment underscores the enormous momentum that ComplySci has generated as the leading provider of innovative technology-driven employee compliance solutions across the financial services sector,” said Amy Kadomatsu, Chief Executive Officer of ComplySci.

ComplySci partners closely with C-suite teams as well as in-house compliance, legal and technology professionals to deliver technology-enabled employee compliance solutions for registered investment advisers (RIAs), hedge funds, private equity firms, broker-dealers, investment advisors, venture capital firms and other businesses across the financial services sector.

The firm will use the investment to further build out its platform including existing modules, such as Political Contributions Verification, Senior Managers and Certification Regime, and Compliance Program Management and Compliance Control Room and Conflict Checking products, which track firm activities along with employee activities to proactively identify potential conflicts of interest and market abuse through a single integrated solution.

“As reflected in our record financial results for the first quarter of this year, which represented a new high-water mark for our already rapidly growing firm, we are leaders in a fintech segment where proven solutions from experienced providers are always in demand, regardless of market, economic or industry cycles. For our customers, business partners and employees, our new partnership with K1 underscores this key take-away: The best is yet to come as we harness the significant new investment in our company with the talent, energy and innovative spirit that our entire team brings to each customer relationship. We are setting the standard for the future of tech-empowered employee compliance,” said Ms. Kadomatsu.