VC Fund Investments
Compliance automation co Sprinto raises $10-M from Elevation Capital, Accel, others
Bengaluru-based Sprinto, a compliance automation platform for software-as-a-service (SaaS) companies, has raised USD 10 million in a Series A round led by Elevation Capital, with participation from Accel and Blume Ventures. The company will use the funds to expand its team across key functions and R&D. Sprinto helps SaaS companies obtain compliances, such as SOC 2, ISO27001, GDPR, HIPAA etc. In January 2020, it had raised USD 1.5 million in seed funding from Blume Ventures.
From the Venture Intelligence PE-VC Deal Database: Between Jan-20 and Jul-21, Sprinto raised $1.5 M from Blume Ventures. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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