Complinity, an India based startup in B2B SaaS space, has raised USD 750K in the latest funding round from RiSo Capital and others as part of the Pre-Series A round closure on 25 October 2021. 

Investors: RiSo Capital, an early-stage VC investment firm based in Silicon Valley (US), together with Rajnish Babbar, another lead investor from the US and a few other angel investors, participated in the current funding round.

The Objectives behind the funding: The company plans to deploy the current proceeds to expand the company’s overall technology, sales and operational capabilities.

About Complinity

Source: Company’s LinkedIn profile

Founded in 2017 by Sumit Pahwa, Hari Balasubramanian and Kapil Sharma, Complinity is an integrated Governance, Risk & Compliance Software company covering 2000+ Laws and 20,000 compliances in India across all states and 50+ industry verticals. The Startup is helping several Companies manage their Compliance, Contracts, Registrations, Litigation, Assessments, Legal Updates, Audit, Internal Controls, Insurance, Documents, Secretarial and other tasks. Its integrated true-cloud B2B SaaS Platform aids businesses to digitize, automate and manage their risk & compliance with real-time legal updates across all laws applicable to the organization. Complinity recently achieved its ISO 27001:2013 and ISO 9001:2015 certifications on data security and quality, respectively.

What the Founder has to say:

Sharing his thoughts on the closure of the funding round, Sumit Pahwa, Co-founder and CEO, Complinity commented, “We are thankful to RiSo Capital and all other investors who believed in us and in our vision. We founded Complinity with a mission to establish a regulatory compliance monitoring mechanism in Companies through technology. We believe we are still at the early stages of technology disrupting the Compliance space. There are 1.3 million Companies in India, and less than 1% use any such software. This presents an exciting opportunity before us in this virgin market. The current round of investment will help us scale the technology for making cutting-edge SaaS products with a global appeal.”

What the Investor has to say:

Mahendra Jain, General Partner, RiSo Capital, mentioned, “The Complinity founders and team carry a rich experience in Technology, Legal and Business, and we’re super excited to be part of their growth journey. India is rapidly digitizing small and medium businesses, and Complinity is one of the fastest-growing Compliance Software Companies in India to bring ease of processing and to do business. They have built a significantly disruptive SaaS product with a wide pan-India marquee customer footprint and hold a global vision.”

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Manish writes about the startup ecosystem on VCBay. He is pursuing Master of Commerce from Delhi School of Economics, University of Delhi, and is passionate about the world of finance, information technology & entrepreneurship.



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