Tracxn - GRC Software Startup Landscape

Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - GRC Software - Jul 2019
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
TAKE SHARPER DECISIONS
WITH TRACXN
✓ Analyst team Covering 250+ Sectors
✓ Proprietary Business Model tagging
✓ 6000+ On-demand Queries answered
✓ Sector Reports, Market Maps
✓ One-Click Connect with Founders
Join 500+ Investors & Corporates to get the
Tracxn Advantage

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on July 12, 2019.
GRC Software Feed Summary
4
GRC Software > Feed Summary
Software solutions for governance, risk management and compliance to achieve organizational objectives by addressing
uncertainty and acting with integrity to meet regulatory mandates
• Inclusions: Companies that develop sector-specific or sector-agnostic
software for governance, risk management and compliance that is
hosted either on-premise or delivered as a cloud service (SaaS). The
feed includes governance solutions that assist organizations to act
ethically correct and in accordance with its risk appetite managed by
Risk Management solutions, and Compliance management solutions to
comply with internal policies and external regulations. Governance
solutions cover corporate, data and access governance; risk
management solutions primarily covers IT, operational, financial, legal
and third party risk; and compliance solutions focuses on IT, labor law,
audit, performance reporting & accountability compliance and QEHS
• Exclusions: Value-added distributors, resellers, consulting, system
integrators, pure-play cybersecurity companies, and horizontal IT &
ERP service providers
• Excludes funding information of Chinese companies
Feed in Numbers
Overview
$5.9B
Funding
67
Mega
Companies
5591874
FundedCovered on
Tracxn
12
Unicorns
32
Soonicorns
53
Minicorns
42
IPO’d Cos
272
Late Stage Cos
75
255
Acquisitions
54
DeadPooled
-
Acquihired
Series A+ Cos
ServiceNow
(2004, Santa Clara, $7.5M)
OpenText
(1991, Waterloo)
Thomson Reuters
(2008, New York City)
Top Companies

Investment Trend Summary
Summary of Funding Activity in GRC Software
5
$200M - Series C
SecureAuth (2005, Irvine, $244M)
$93M - Series D
TraceLink (2009, Woburn, $170M)
$200M - Series A
OneTrust (2016, Atlanta, $200M)
$70M - Series C
Expanse (2012, San Francisco, $135M)
$100M - Series E
Collibra (2008, Brussels, $281M)
$70M - Series D
TrustArc (1997, San Francisco, $70M)
$100M - PE
Exterro (2004, Portland)
$65.4M - Series D
Metric Stream (1999, Palo Alto, $215M)
$99.2M - Series C
Assent Compliance (2005, Ottawa, $151M)
$60M - Series D
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
GRC Software > Feed Summary > Investment Trend Summary
Seed
Data Collective (#2), Right Side Capital Management (#2),
WorldQuant Ventures (#2)
Series A/B Index Ventures (#3), Insight Venture Partners (#3), Partech (#3)
Series C+
Norwest Venture Partners (#2), Georgian Partners (#2), Clearlake
Capital (#2)
Incubators Plug and Play Tech Center (#12), Techstars (#7), 500 Startups (#4)
Other Notable
Investors
Salesforce (#3), Enterprise Ireland (#3), Royal Bank of Canada (#2)
Debt Investors
Western Technology Investment (#6), Ares Capital Corporation
(#5), Trinity Capital Investment (#3)
Most Active InvestorsRecent Investments
111
141
109
93
72
8
2014 2015 2016 2017 2018 2019*
Y-o-Y # of Companies Founded 72 67 85 94 98 41
$4B
$1.4B
$390M
$88.2M
$80M
US
Europe
Canada
Israel
Australia
$ Funding
$675M
$820M
$423M
$516M
$886M
$983M
$1.2B
70
2014 2015 2016 2017 2018 2019*
$ Funding # Rounds

Summary of exit outlook in GRC Software
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
Herald Investment
Management
5
Ideagen (1993, Ruddington, $28.3M)
Lombard Risk (1989, London, $14M)
Accel 4
Diligent (2001, New York City, $30M)
Simility (2014, Palo Alto, $25M)
JMI Management 4
Intelex (1992, Toronto, $123M)
Trustwave (1995, Chicago, $60M)
First Analysis 3
Check Point Software (1993, Tel Aviv, $400k)
Bregal Sagemount 3
Amber Road (1990, East Rutherford, $54.1M)
Triple Point Technology (1993, Westport,
$38M)
Apr 2019 Axioma Acq by Deutsche Borse Group for $850M
Feb 2018 HelpSystems Acq by HGGC for $1.2B
Sep 2016
SAI Global Acq by Baring Private Equity Asia for
$769M
Apr 2015 Trustwave Acq by Singtel for $770M
Jul 2013
Triple Point Technology Acq by ION Trading for
$900M
Jun 2012 Misys Acq by Vista Equity Partners for $2B
GRC Software > Feed Summary > Exit Outlook Summary
IBM 5
Algorithmics (Sep 2011, $387M), Tarian Software (Nov 2002),
StoredIQ (Dec 2012)
Ideagen 5
PULSE SAFETY LIMITED (Dec 2014, $28.3M), Morgan Kai
Group (Sep 2018, $27M), Pentana (Nov 2013, $5.5M)
SAI Global 4
Modulo (Aug 2016), Strategic BCP (Aug 2018), Compliance
360 (Jan 2012)
Oracle 3 Verisk 3E, LogicalApps (Oct 2007), Datanomic (Apr 2011)
Vista Equity
Partners
3
Misys (Jun 2012, $2B), Allocate Software (Apr 2018, $27.9M),
RDC (Sep 2016)
Recent IPOs Top Acquisitions
BlackIce Risk Technologies Jun 2014
Risk management solution
IPO MCap: -
Amber Road Mar 2014
Global Trade Management Software and Solu…
IPO MCap: $322M
Varonis Feb 2014
User behavior analytics and governance ba…
IPO MCap: $524M
ServiceNow Jun 2012
PaaS for enterprise IT management and ser…
IPO MCap: -
SailPoint Nov 2017
identity governance & administration soft…
IPO MCap: $1B
IRIS Oct 2017
Cloud based XBRL solutions
IPO MCap: $9.2M
Everbridge Oct 2016
Emergency Notification System
IPO MCap: $323M
Workiva Dec 2014
Compliance and management reporting platf…
IPO MCap: $553M

Marketmap: GRC Software
INTEGRATED GRC
COMPLIANCE
MULTI-INDUSTRY
INDUSTRY SPECIFIC
QEHS
IT DATA PRIVACY*
REPORTING & ACCOUNTABILITY
COMMUNICATION CHANNEL*
BANKING & FINANCE
HEALTHCARE & LIFE SCIENCE
GOVERNANCE
CORPORATE GOVERNANCE
DATA GOVERNANCE
ACCESS GOVERNANCE
RISK MANAGEMENT
INTEGRATED RISK MANAGEMENT
IT RISK MANAGEMENT
OPERATIONAL RISK
THIRD PARTY RISK
Overview
Companies 1874
Funded 559 Series A+ 272
Funding $5.9B Last 2 yrs $2.2B
Most Active Investors
Seed Data Collective (2)
Series A/B Index Ventures (3)
Series C+ Norwest Venture Partners (2)
Others Salesforce (3)
Incubators Plug and Play Tech Center (12)
Top Cities
Bay Area 103 Cos $912M
Milan 1 Cos $330M
Feed in Numbers
Unicorns 12 Soonicorns 32
Minicorns 53 Editor Picks 220
Acquihired - Deadpooled 54
Top Companies
Thomson
Reuters
ServiceNow (2004, Santa Clara, $7.5M)
OpenText (1991, Waterloo)
Exits
IPOs 42 SailPoint, Workiva
Acquisitions 255 Misys, HelpSystems
Top Acquirers IBM, Ideagen
GRC Software > Feed Summary > BlueBox
7
* Upcoming Business Model
FACTSHEET
Funding data excludes Debt, Grants & Post-IPO rounds.
Excludes all details for Chinese companies.

Key Sub Sectors in GRC Software Sector
Summary of Key Markets
8
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Compliance > IT Compliance >
Data Privacy 129 $462M 42
Governance >
Data Governance 58 $297M 12
Integrated GRC >
Horizontal 153 $207M 10
Compliance > Industry > Banking & Finance
>
AML & CTF
77 $56.9M 13
Governance >
Access Governance 42 $266M 5
Compliance > QEHS Compliance >
Integrated QEHS Compliance 135 $149M 5
Risk Management > IT Risk >
Integrated IT Risk Management 25 $134M 5
Compliance > Industry > Banking & Finance
>
Trading & Investment
46 $18.8M 10
Compliance >
Integrated Compliance Management 111 $43.3M 6
Risk Management > Industry > Finance >
Banking 31 $15.5M 6
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Compliance
Companies that provide products for compliance
adherence, assessment, management, tracking,...
1156 305 $3.1B
Risk Management
Companies that provide products for multiple types of
risk identification, assessment,...
364 138 $1.1B
Governance
Companies that provide products for governance
assessment, implementation, and tracking...
137 52 $923M
Integrated GRC
Companies that provide an integrated governance, risk
& compliance product for either...
203 60 $739M
Regulatory Intelligence
Companies that provide products for the actionable
regulatory intelligence to manage...
13 4 $9.3M
GRC Software > Feed Summary > Summary of Key Markets

List of Notable Companies in GRC Software
Notable Companies in the Sector (1/2)
9
Note: *(Founded Year, Location, Total Funding)
GRC Software > Feed Summary > Notable Companies in the Sector
Public
SailPoint
(2005, Austin, $26.7M)*
Workiva
(2008, Ames)
Varonis
(2005, Herzliya, $18.7M)
Everbridge
(2002, Burlington, $17.9M)
IRIS
(2000, Vashi)
TikForce
(2003, Subiaco)
Vault Intelligence
(2006, Christchurch)
Ideagen
(1993, Ruddington, $28.3M)
ServiceNow
(2004, Santa Clara, $7.5M)
Check Point Software
(1993, Tel Aviv, $400k)
Public
OpenText
(1991, Waterloo)
Thomson Reuters
Envirosuite
(2011, Brisbane)
GBG
(1989, Chester)
SHS VIVEON
(1991, Munich)
BlackIce Risk
Technologies
(2014, Vancouver)
SteelCloud
(1987, Washington D.C.)
Symbiant
(1999, Leeds)
ALD Reliability and
Safety Solutions
(1984, Tel Aviv)
Public
Blue Lemon Health &
Safety
(2011, St Leonards)
DHC Business Solutions
(2011, Saarbruecken)
GCP Global
(2004, Mexico City)
Objective
(1987, Sydney)
Safeway Management
Group
(2004, Bronx)
Telos
(1971, Ashburn)
Worksafe Management
Systems
(1993, Brisbane)
Acquired
Misys
(1979, London)
RiskMetrics
HelpSystems
(1982, Eden Prairie)
Triple Point
Technology
(1993, Westport, $38M)
Axioma
Trustwave
(1995, Chicago, $60M)
SAI Global
(1922, Sydney)
Diligent
(2001, New York City, $30M)
SecureLink
(2003, Austin)
Intelex
(1992, Toronto, $123M)
Acquired
Symplr
(2006, Houston)
Accuity
(1836, Evanston)
NetIQ
(1995, San Jose, $7.4M)
Amber Road
(1990, East Rutherford, $54.1M)
Algorithmics
(1989, Toronto)
Niku
(1998, Oslo)
Norkom
(1998, Dublin)
NICE Actimize
(1999, Hoboken)
Enablon
(2000, Chicago, $15M)
Visual Compliance
(1981, Buffalo)

List of Notable Companies in GRC Software
Notable Companies in the Sector (2/2)
10
GRC Software > Feed Summary > Notable Companies in the Sector
Acquired
Guidance Software
(1997, Pasadena, $7.5M)
eVision Industry
Software
(2007, The Hague)
Digital Risk
(2005, Maitland)
Alcumus
(2009, Cardiff, $556k)
Simility
(2014, Palo Alto, $25M)
3E Company
(1988, Carlsbad)
OpenText ANX
(1999, Southfield)
Unicorns
SIA Group
(1977, Milan, $330M)
Collibra
(2008, Brussels, $281M)
Veritas
(1989, Mountain View, $18.6M)
NAVEX Global
(2012, Lake Oswego)
RSA Security
(1982, Bedford)
IDERA
(2003, Houston)

List of Notable Companies by Market in GRC Software
Notable Companies by Market (1/10)
12
GRC Software > Feed Summary > Notable Companies by Market
Integrated GRC
Horizontal
Integrated Governance, Risk and Compliance
platform
Soonicorn. Stage: Series D
EDBI, Goldman Sachs, Sageview Capital and 11
Other Investors
ACL Services (1987, Vancouver, $50M)
Analytics and GRC software provider
Soonicorn. Stage: Series C
Norwest Venture Partners, Siparex
Enterprise security and GRC solution suite
Unicorn. Stage: Public
IFU, BRM Group, First Analysis and 5 Other
Investors
Thomson Reuters (2008, New York City)
Enterprise solutions for financial, risk, legal, tax and
accounting
One Equity Partners
Horizontal
SAI Global (1922, Sydney)
Provider of SaaS-based integrated GRC solution
Soonicorn. Stage: Acquired
Partners Group
Allgress (2006, Livermore)
Business Risk Intelligence solution for risk and
compliance management
Soonicorn. Stage: Bootstrapped Large
Software AG (1969, Darmstadt)
BPM, data management, GRC solutions and
consulting services provider
Enterprise information management and business
process management solutions
Editor's Pick. Stage: Public
Royal Bank of Canada, Tera Capital, TCV and 2
Other Investors
Horizontal
DHC Business Solutions (2011, Saarbruecken)
Governance risk and compliance solution
Stage: Public
GCP Global (2004, Mexico City)
Cloud-based GRC solution
Stage: Public
Modulo (1985, Atlanta)
provides automated technology GRC solution
Stage: Acquired
Symbiant (1999, Leeds)
Cloud-based risk and audit management solution
Stage: Public
Vault Intelligence (2006, Christchurch)
Health, Safety & Risk Management Software
Stage: Public
Bell Potter

13
Integrated GRC
Industry Vertical
Misys (1979, London)
Software solutions provider focused on banking,
lending, treasury, capital markets, investment
management and enterprise risk.
Unicorn. Stage: Acquired
RiskMetrics (1998, New York City)
Risk management and corporate governance
products provider
ABS Ventures, Bregal Sagemount, W Capital
Partners and 3 Other Investors
Allocate Software (1991, London)
Workforce optimization and compliance solution
provider
Stage: Acquired
HgCapital Trust
IT GRC
Managed enterprise security solution suite
FTV Capital, Rosetta Capital Corporation, Paladin
Capital and 9 Other Investors
RSA Security (1982, Bedford)
Intelligent driven security solution
GE Equity, First Analysis, Columbia Capital and 3
Other Investors
Governance
Corporate Governance
Diligent (2001, New York City, $30M)
Board portal software for board management
Editor's Pick. Stage: Acquired
Clearlake Capital, Accel, Matrix Partners and 3
Other Investors
Guidance Software (1997, Pasadena, $7.5M)
eDiscovery software and services

14
Governance
Data Governance
Data Governance solutions
Unicorn. Stage: Series E
Iconiq Capital, Index Ventures, Dawn Capital and 4
Other Investors
Veritas (1989, Mountain View, $18.6M)
Information Mangagement & backup appliances
and software
Lok Capital, CDC Group, Accel and 7 Other Investors
Daegis (1999, Irving, $4M)
Enterprise Information Management Solution
Stage: Acquired
Hercules Capital
IDERA (2003, Houston)
Platform for managing SQL database
Partners Group, Elsewhere Partners
Data Governance
Objective (1987, Sydney)
Enterprise content management and process
governance solution
Stage: Public
Access Governance
Adaptive MFA & SSO based IAM solution
K1 Investment Management, Toba Capital
SailPoint (2005, Austin, $26.7M)
identity governance & administration software
Thoma Bravo, Austin Ventures, Silverton Partners
and 4 Other Investors
NetIQ (1995, San Jose, $7.4M)
IAM & IT operations solution
Stage: Acquired
Insight Venture Partners, Covington Group, New
Enterprise Associates and 1 Other Investors

15
Risk Management
Integrated Risk Management
Riskonnect (2007, Kennesaw, $10M)
Technology platform for risk management industry
Level Equity, Western Technology Investment
ServiceNow (2004, Santa Clara, $7.5M)
PaaS for enterprise IT management and service
management solutions
Soonicorn. Stage: Public
Sequoia Capital, JMI Management, Colt Ventures
Industry
Triple Point Technology (1993, Westport,
$38M)
On-demand trading and risk management solution
ABRY Partners, Bregal Sagemount, JMI
Management
NAVEX Global (2012, Lake Oswego)
Provides SaaS-based Ethics and Compliance
software
Noble Rock, The Riverside Company
OpenLink (1992, Uniondale)
Trading and risks management solution provider.
AlpInvest Partners, Hellman & Friedman, TA
Associates Management and 1 Other Investors
Algorithmics (1989, Toronto)
Risk analytics software for banking, investment and
insurance industries
Stage: Acquired
Industry
Axioma (1998, New York City)
Risk management and portfolio construction
solution
Stage: Acquired
Saturn Partners, Nyca, Tectonic Ventures and 3
Other Investors
BlackIce Risk Technologies (2014,
Vancouver)
Stage: Public
NICE Actimize (1999, Hoboken)
Financial fraud prevention and anti money
laundering solution provider
Stage: Acquired
FTV Capital, Viola Group, Giza Venture Capital and
1 Other Investors

16
Risk Management
IT Risk
Network edge risk management platform
TPG, New Enterprise Associates, IVP and 7 Other
Investors
ZeroFOX (2013, Baltimore, $88M)
Social media security and digital risk monitoring
Redline Capital Management, Silver Lake, New
Enterprise Associates and 6 Other Investors
Prevalent (2004, Warren, $72M)
Vendor Risk Management Solution
Insight Venture Partners, Spring Mountain Capital,
Fulcrum Equity Partners and 1 Other Investors
SecureLink (2003, Austin)
Secure third-party remote IT access solution
Minicorn. Stage: Acquired
Vista Equity Partners, Ares Capital Corporation
IT Risk
OpenText ANX (1999, Southfield)
SaaS-based security GRC solution
Stage: Acquired
Operational Risk
Intelligence Augmentation based fraud detection
Accel, PayPal, The Valley Fund and 3 Other
Investors
Everbridge (2002, Burlington, $17.9M)
ABS Ventures, Eastward Capital Partners, Doughty
Hanson
GBG (1989, Chester)
Fraud risk management solutions provider
Archangels, Herald Investment Management, Frog
Capital
ALD Reliability and Safety Solutions (1984,
Tel Aviv)
Reliability Software, Safety and Quality Solutions
Stage: Public

17
Risk Management
Financial Risk
Brady (1985, London)
Trading and risk management software
Stage: Acquired
Herald Investment Management
Compliance
Integrated Compliance Management
Ideagen (1993, Ruddington, $28.3M)
Integrated compliance, audit, risk, and performance
management
Herald Investment Management, Alto Invest
Workiva (2008, Ames)
Compliance and management reporting platform
Industry
SIA Group (1977, Milan, $330M)
Provides trading compliance solution for capital
markets
Unicorn. Stage: Series A
Orizzonte Sgr, CDP Equity, F2i SGR
Platform for global distribution, visibility and
traceability of pharmaceuticals to limit the sale of
counterfeit drugs.
Georgian Partners, Vulcan, Willett Advisors and 8
Other Investors
Fenergo (2009, Dublin, $87.3M)
Client on-boarding, lifecycle and compliance
management software
Soonicorn. Stage: Series B
Insight Venture Partners, Aquiline Capital Partners,
Investec and 4 Other Investors

18
Compliance
Industry
Verafin (2003, Newfoundland, $60M)
Fraud detection, compliance & anti-money
laundering solutions
Spectrum Equity, RBC Ventures, HarbourVest
ICIX (2003, Francisco, $54.2M)
Cloud based Supplier Collaboration and Compliance
Software
Arrowroot Capital, Wesfarmers, DFJ and 2 Other
Investors
Guardian Analytics (2005, Mountain View,
$50.4M)
Behavioral analytics based online fraud prevention
solution
Split Rock Partners, Foundation Capital, Sutter Hill
Ventures and 3 Other Investors
Industry
Lombard Risk (1989, London, $14M)
Provider of regulatory reporting and collateral
management solutions to the financial services
industry.
Herald Investment Management, Merifin Capital
Digital Risk (2005, Maitland)
Provider of risk, compliance and transaction
management solutions to mortgage industry.
Century Capital Management, Kassabov
Norkom (1998, Dublin)
Financial crime prevention and compliance solution
Enterprise Ireland
SHS VIVEON (1991, Munich)
Loan servicing software solutions provider
Industry
Accuity (1836, Evanston)
Payment routing and AML/KYC compliance solution
Stage: Acquired
Symplr (2006, Houston)
SaaS-based compliance and credentialing solutions
for healthcare organizations
Stage: Acquired
Pamlico Capital, The CapStreet Group

19
Compliance
QEHS Compliance
Web-based compliance management software
Warburg Pincus, First Ascent Ventures,
Greenspring Associates and 5 Other Investors
Intelex (1992, Toronto, $123M)
Environment, Safety and Quality Software
JMI Management, HarbourVest Partners
SafetyCulture (2004, Sydney, $77.5M)
Mobile audit solution for workplace safety
management
Blackbird Ventures, Index Ventures, Morpheus
Sphera Solutions (1999, Chicago, $24M)
EH&S and operational risk management solution
Jerusalem Venture Partners, Vision Capital, Gemini
Israel Ventures and 3 Other Investors
QEHS Compliance
Enablon (2000, Chicago, $15M)
Sustainability, EHS, and Risk Management software
solutions
ETF Partners
Alcumus (2009, Cardiff, $556k)
Technology-enabled risk management, compliance
and certification solutions
Sovereign Capital, Lawrence Waterman, Karen
Baxter and 20 Other Investors
eVision Industry Software (2007, The Hague)
ISSOW, Control of Work and Permit to Work
Software system
VelocityEHS (1996, Chicago)
SaaS-based EHS compliance software
CPP Investment Board
QEHS Compliance
Envirosuite (2011, Brisbane)
Environmental compliance management solution
3E Company (1988, Carlsbad)
Chemical, regulatory and compliance information
services and tools
Stage: Acquired
Blue Lemon Health & Safety (2011, St
Leonards)
Cloud-based Health & Safety Solutions
Stage: Public
CEBOS (1995, Michigan)
provides quality and compliance management
solution
Stage: Acquired
Safeway Management Group (2004, Bronx)
Provides safety and compliance software solution
Stage: Public

20
Compliance
QEHS Compliance
Worksafe Management Systems (1993,
Brisbane)
Web-based occupational health and safety solution
Stage: Public
IT Compliance
Privitar (2015, London, $61M)
Data anonymization and policy, privacy control
based secure big data platform
Accel, Salesforce, 24 Haymarket and 7 Other
Investors
Varonis (2005, Herzliya, $18.7M)
User behavior analytics and governance based
insider threat detection
EMC, Accel, Evergreen Venture Partners and 4
Other Investors
HelpSystems (1982, Eden Prairie)
Security, compliance & network management for
IBM i
Saratoga Investment, Summit Partners, Ares Capital
Corporation and 2 Other Investors
IT Compliance
Niku (1998, Oslo)
IT governance software
Stage: Acquired
Walden Venture Capital, Venrock, Focus Ventures
SteelCloud (1987, Washington D.C.)
Integrated Governance, Risk, and Compliance
Management
Stage: Public
Telos (1971, Ashburn)
Cybersecurity & GRC software and consulting
service
Stage: Public
Enlightenment Capital, Current Yield with
Participation Fund

21
Compliance
International Trade
Amber Road (1990, East Rutherford, $54.1M)
Global Trade Management Software and Solutions
Goldman Sachs, Cross Atlantic Capital Partners,
NJTC Venture Fund and 4 Other Investors
Visual Compliance (1981, Buffalo)
International trade compliance management
solution
Stage: Acquired
Labor Law Compliance
TikForce (2003, Subiaco)
Workforce Compliance Solutions
Stage: Public
Performance Reporting & Accountability
Certent (2002, Pleasanton, $35.9M)
Equity compensation and financial compliance
software provider.
Western Alliance Bancorporation
IRIS (2000, Vashi)
Stage: Public
Subhkam Ventures

Recent News in GRC Software Sector
Recent News
22
GRC Software > Feed Summary > Recent News
Jul 2019
CargoSmart and Maritime Industry Operators Commit to
Transforming the Shipping Industry, GlobeNewswire
Jul 2019
Deutsche Telekom partners with Software AG to expand Cloud of
Things offering, Telecompaper
Jul 2019
Opsview Releases New Bi-Directional Native Integration for
ServiceNow, APMdigest
Jul 2019
OpenText and Mastercard Partner to Transform Financial Processes
Across Global Supply Chains, CNW
Jul 2019
Privacy Startup OneTrust Reaches $1.3 Billion Valuation From Its
First Funding Round, Forbes
Jul 2019
Usercentrics Secures Series A Funding As Global Demand For
Privacy Technologies Rises, Business Wire
Jul 2019
NeoXam Hires Swiss Data Expert to Help DACH Clients with Market
Data Requirements, Financial IT
Jul 2019
Axioma Introduces New Linked Models in Risk Model Machine™, PR
Newswire
Jul 2019
IDERA SQL Compliance Manager Expands Support for Regulatory
Guidelines with Spotlight on GDPR, Business Wire
Jul 2019
New production facility for biometric bank cards opened in Italy by
SIA, BiometricUpdate.com
Jul 2019
M-Files Showcases AI-Powered Information Management for Office
365 at Microsoft Inspire 2019, PRWeb
Jul 2019
SHE Software bolsters executive team with high profile
appointments as it marks growth in US, Business Wire
Key Recent News Key Recent News
Jul 2019
15 Million Mobile Devices In India Infected With ‘Agent Smith’
Malware: Check Point Research, -The Indian Express Pvt
Jul 2019
RSA responds to increasing A/NZ regulations with new updates,
SecurityBrief
Jul 2019
Neustar and Freckle Partner to Provide Marketers with Actionable
Privacy-Compliant, First Party Consumer Data, Business Wire
Jul 2019
Facebanx Joins NICE Actimize’s X-Sight Marketplace, the Industry’s
First Financial Crime Management Ecosystem, Business Wire
Jul 2019
Data governance tech scale-up Collibra acquires Czech SaaS startup
SQLdep, Tech.eu
Jul 2019
Workiva Named Among the 2019 Best Workplaces for Millennials
by Great Place to Work® and FORTUNE, Business Wire
Jul 2019 TrustArc fetches $70 mln Series D, PE Hub
Jul 2019
New Android malware replaces code in legitimate apps to display
malicious ads, SiliconAngle
Jul 2019
BigID Launches Privacy Certification Program to Train the Next
Generation of Data Privacy Practitioners, Business Wire
Jul 2019
Getting to grips with cloud security, data migration to the cloud,
ITWeb
Jul 2019
Thomson Reuters and Datamatics Brings Together TaxAnalyze, Tax
and Accounts Analytics Solution, Business Today
Jul 2019
SIA partners with HPS to strengthen its payment cards activities in
Greece, Fintech Finance

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
23
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Forex Tech
Jun 2019
FinTech - US
Jun 2019
K-12 EdTech
Jun 2019

Investments ($M) and number of rounds in GRC Software; 2012-2019
Global Funding Trends (1/2)
25
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
GRC Software > Investment Trends > Global Funding Trends
#Rounds
$Funding
3 Year CAGR
6 Year CAGR 14% # of Rounds42% $ Funding
13% # of Rounds
32% $ Funding
$675M
$121M
$216M
$820M
$423M
$516M
$886M
$983M
$1.2B
0
20
40
60
80
100
120
$0k
$200M
$400M
$600M
$800M
$1.B
$1.2B
$1.4B
2012 2013 2014 2015 2016 2017 2018 2019*
$ Funding Predicted $ Funding # Rounds Predicted # Rounds

$11M $18M $11M $23M $26M $37M $29M $17M
$38M
$141M
$261M
$233M $272M
$277M
$429M
$416M
$72M $58M $547M $167M $218M $572M $525M $242M
2012 2013 2014 2015 2016 2017 2018 2019 YTD
Seed Early Stage Late Stage
19 29 22 36 37 33 37 13
18
22
37
24
35
45
48 23
9 11 13 7 13 16 13 5
2012 2013 2014 2015 2016 2017 2018 2019 YTD
Seed Early Stage Late Stage
46
41
Total # of Rounds
26
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded Club
Global Funding Trends (2/2)
Investments ($M) and number of rounds in GRC Software; 2012-2019
GRC Software > Investment Trends > Global Funding Trends
46
32
31
33
40
41
22
245
$1.0M
$4.3M
$0.0M
$2.0M
$4.0M
$6.0M
$8.0M
$10.0M
$12.0M
$14.0M
0
50
100
150
200
250
300
2013 2014 2015 2016 2017 2018 2019 YTD Total
Entrants in Funding Club Avg. Ticket Size
$1M $3.8M $2.2M $2.1M $5.1M $3.5M $12.3M $4.3M
$121M
$675M
Total $ Invested
$554M
$30M $73M
$645M
$332M $311M
$615M
$740M
$949M
12
0
2
4
6
8
10
12
14
16
0
100000000
200000000
300000000
400000000
500000000
600000000
700000000
800000000
900000000
1E+09
2012 2013 2014 2015 2016 2017 2018 2019 YTD
$ Funding Predicted $ Funding # of Rounds Predicted # Rounds
Mega Rounds
1 2 9 7 8 12 15 7

GRC Software > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in GRC Software
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
Bay Area 912M 117
Milan 330M 3
Brussels 281M 7
Irvine 262M 12
Atlanta 241M 16
Woburn 240M 7
New York City 199M 36
London 197M 44
Toronto 159M 8
Ottawa 156M 6
Total Funding
350
175
26
13
8
18
1
8
# Rounds
$4B
$1.4B
$390M
$88.2M
$80M
$46.6M
$9.1M
$8M
US
Europe
Canada
Israel
Australia
India
Scotland
SEA
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$0.6 $0.7 $0.6
$1.0 $0.9
$1.4
$1.1
2012 2013 2014 2015 2016 2017 2018
GRC Software > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in GRC Software; 2012-2018
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$10.3K* $7.7M
$50K $200M
$50K $79.6M
$195K $330M
$14M
$14M
$3.9M
$575K
Series C+
Series B
Series A
Seed
Stage
$4.1
$13.4 $13.6
$24.6
$14.2 $14.3
$23.9
$10.2 $7.2
$49.8 $41.7
$27.3
$44.0 $47.7
$1.1
$3.7
$6.3
$3.2
$5.3
$7.1 $6.8

Note: 234 companies with undisclosed funding amount are not included
29
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
75
132
94
22
9
No. of Companies
GRC Software > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in GRC Software; as of Jul 2019
Distribution of companies by Funding Range
$25M
$514M
$2.B
$1.5B
$1.8B
$ Investment

Stage No. of Companies
Funding
Funnel
100%
30%
15%
7%
4%
30
Note: Numbers in the brackets show the count of companies
Time to raise
next round
75
140
272
559
1874
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
30% 5%
(86)
4%
(69)
- 3%
(54)
67%
(1261)
49% 13%
(70)
10%
(54)
- 2%
(9)
50%
(278)
51% 15%
(42)
9%
(25)
- 1%
(4)
47%
(128)
54% 27%
(38)
15%
(21)
- - 46%
(65)
- 37%
(28)
17%
(13)
- - 40%
(30)
GRC Software > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in GRC Software
Funding Funnel
19 Months
25 Months
16 Months
Investment backedBootstrapped
32
12
166
31
89
11
Soonicorns
Unicorns
Acquisitions
IPOs

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
GRC Software > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in GRC Software; Jul 2017-Jul 2019
Notable Investments in last 24 months (1/7)
LATE STAGE
$200M - Series C Dec 2017
Adaptive MFA & SSO based IAM solution
K1 Investment Management, Toba Capital
$100M - PE May 2018
Exterro (2004, Portland)
Legal GRC ,E discovery and data hold
Leeds Equity Partners
$100M - Series E Jan 2019
Iconiq Capital, Index Ventures, Dawn Capital, Battery
Ventures, CapitalG
$99.2M - Series C Oct 2018
Warburg Pincus, First Ascent Ventures
LATE STAGE
$93M - Series D Aug 2018
counterfeit drugs.
Georgian Partners, Vulcan, Willett Advisors,
FirstMark, Goldman Sachs Investment Partners,
Volition Capital, FPrime Capital Partners
$70M - Series D Jul 2019
Cloud-based data privacy compliance solution
Bregal Sagemount, Accel, DAG Ventures, Icon
Ventures, Industry Ventures
$70M - Series C Apr 2019
TPG, New Enterprise Associates, IVP, Founders
Fund, Peter Thiel, Arianna Huffington, MSD Capital,
Egon Durban
LATE STAGE
$65.4M - Series D Oct 2017
platform
EDBI, Goldman Sachs, Sageview Capital, Clearlake
Capital
$60M - Series D Jun 2018
counterfeit drugs.
FirstMark, Volition Capital, FPrime Capital Partners,
Goldman Sachs Investment Partners
$58M - Series D Jan 2018
Iconiq Capital, Battery Ventures, Dawn Capital, Index
Ventures, Newion Investments

LATE STAGE
$50M - Series C Dec 2017
Norwest Venture Partners
$47.4M - Series C Dec 2017
Iconiq Capital
$45.1M - Series C May 2018
SafetyCulture (2004, Sydney, $77.5M)
Mobile audit solution for workplace safety
management
Blackbird Ventures, Index Ventures, Morpheus
Ventures, Tiger Global Management, Scott Farquhar
$42.7M - Series C Sep 2018
ProcessUnity (2003, Concord, $69.3M)
SaaS based applications for risk management
$25M - Series D Dec 2017
Convercent (2013, Denver, $78.7M)
Enterprise GRC SaaS to various industries
Rho Ventures, Sapphire Ventures, Tola Capital
LATE STAGE
$18.6M - PE Dec 2017
Information Mangagement & backup appliances and
software
Lok Capital, CDC Group
$14.5M - Series C Oct 2018
Waterline Data (2013, Mountain View, $39M)
Automated data cataloging platform
Jackson Square Ventures, Partech, Infosys, Menlo
Ventures
$10M - Series C Feb 2018
Identity Mind Global (2011, Palo Alto, $11.8M)
Risk Management and AML for eCommerce & Virtual
Currencies
Benhamou Global Ventures, Eastern Link Capital,
Hanna Capital, Overstock
$2M - Series C Jan 2019
ICIX (2003, Francisco, $54.2M)
Cloud based Supplier Collaboration and Compliance
Software
LATE STAGE
$1.5M - Series C Mar 2018
Infosys
PE May 2019
Partners Group
PE Aug 2017
SecureLink (2003, Austin)
Secure third-party remote IT access solution
Vista Equity Partners

EARLY STAGE
$200M - Series A Jul 2019
Threshold assessment and mapping based data
privacy and security platform
Insight Venture Partners
$53M - Series B May 2019
ArchiveSocial (2011, Durham, $54.1M)
Social media archiving and monitoring for
regulatory compliance and risk management
Level Equity
$40M - Series B Oct 2018
IVP, TPG, New Enterprise Associates, Founders
Fund, Susa Ventures
$40M - Series B Jun 2019
Accel, Salesforce, 24 Haymarket, IQ Capital, Partech
EARLY STAGE
$40M - Series B Aug 2018
AuditBoard (2014, Cerritos, $43.6M)
Cloud-based integrated GRC and audit management
Battery Ventures
$40M - Series A Apr 2018
Saviynt (2010, Los Angeles, $40M)
Access governance & intelligence for the enterprise
application, cloud and big bata
Carrick Capital Partners
$31.4M - Series B Jul 2017
Greenspring Associates, Volition Capital, OpenText
Enterprise Apps Fund, BDC, National Research
Council Canada, Royal Bank of Canada
RapidRatings (2002, New York City, $54.9M)
Platform to assess financial health of a company
FTV Capital
EARLY STAGE
BigID (2015, Tel Aviv, $46.1M)
Privacy management platform for customer identity
data
Scale Venture Partners, ClearSky, BoldStart
Ventures, Information Venture Partners, SAP.iO
$22M - Series B May 2018
Browz (2001, Draper, $32M)
Supply Chain Risk Management and Compliance
Solutions
Golub Capital
$20.6M - Series B Apr 2019
RiskLens (2011, Spokane, $28.5M)
SaaS based quantitative cyber risk management
software
Paladin Capital, Dell Technologies, Osage Partners,
FPrime Capital Partners, MassMutual Ventures

EARLY STAGE
Immuta (2014, College Park, $33.2M)
Policy driven data security and auditing solutions
DFJ, Dell Technologies, Citi, Drive Capital, Greycroft
Partners
Quantexa (2016, London, $23.3M)
Fraud and financial crime solutions and analytics
Albion Capital Group, Dawn Capital, HSBC Group
$20M - Series A Nov 2017
Behavox (2014, London, $21.6M)
Employee surveillance and compliance solution
Citigroup, Index Ventures
$17.8M - Series B Dec 2017
Intelligence Augmentation based fraud detection
Accel, PayPal, The Valley Fund, Trinity Ventures
EARLY STAGE
$17.7M - Series A Dec 2017
FRISS (2006, Utrecht, $17.7M)
Analytics software for fraud, risk and compliance in
the P&C insurance sector
BlackFin Capital Partners, Aquiline Technology
Growth
$16.7M - Series A May 2019
Quentic (2007, Berlin, $41.3M)
EHS & sustainability management software
One Peak Partners, Morgan Stanley
$16M - Series A Jul 2017
CME Group, Salesforce, IQ Capital, 24 Haymarket,
Illuminate Financial, Partech
$15M - Series B Jan 2019
GAN Integrity (2004, Brooklyn, $24M)
Compliance, policies, training, and investigations
platform
Aquiline Technology Growth, Edison Partners
EARLY STAGE
$14.1M - Series A Feb 2018
Privacy management platform for customer identity
data
Comcast Ventures, SAP.iO, ClearSky, BoldStart
Ventures
$8.2M - Series A Nov 2017
Compliance Science (2003, New York City,
$19.5M)
Web-based GRC solutions for PE firms, Hedge Funds,
Investment Banks
$7.5M - Series A Mar 2019
Tookitaki (2014, Singapore, $7.5M)
AI-enabled sustainability and compliance
Illuminate Financial, Jungle Ventures, Supply Chain
Angels, Enterprise Singapore
$6.5M - Series A May 2019
Arkk Solutions (2009, London, $6.5M)
Regulatory and Statutory reporting software for
fund managers
Mobeus

EARLY STAGE
$6M - Series A Mar 2018
Ascent (2015, Chicago, $7.4M)
Cloud-based platform to track and automate
financial regulatory compliance
Alsop Louie Partners, Randall Kroszner, Temerity
Capital Partners, Douglas Monieson
EventusSystems (2015, Austin, $11.6M)
Risk management solution provider for institutional
investors
$5.2M - Series A Jun 2019
Fincura (2016, Boston, $5.2M)
Lending portfolio management solution for banks &
funds
$4M - Series A Sep 2018
TrialScope (2012, New York City, $17.6M)
Cloud-based clinical trial transparency & compliance
solution
EARLY STAGE
DPOrganizer (2015, Stockholm, $7.1M)
Privacy management software
Industrifonden, Creades, Inbox Capital
$3.5M - Series A Jul 2018
Paladin Capital, Industrifonden, Creades, Inbox
Capital
$3.5M - Series A Feb 2018
Trunomi (2013, San Jose, $9.5M)
Enterprise KYC and data privacy solutions
CloudScale Capital Partners
AQMetrics (2012, Dublin, $7.9M)
Compliance software
Frontline Ventures, Bluff Point Associates, ACT
Venture Capital
EARLY STAGE
Alyne (2015, Munich, $4.8M)
Cyber security, risk management and Compliance-
as-a-Service
Alstin
$1.2M - Series A Jan 2018
Compliance software
Frontline Ventures, Bluff Point Associates,
Enterprise Ireland
$649k - Series A Oct 2018
EventusSystems (2015, Austin, $11.6M)
Risk management solution provider for institutional
investors
$50k - Series B Jul 2017
Series B Nov 2018
Quantexa (2016, London, $23.3M)
Fraud and financial crime solutions and analytics
Accenture

EARLY STAGE
Series A Dec 2018
Citigroup
Series A Aug 2018
Compliance Science (2003, New York City,
$19.5M)
Web-based GRC solutions for PE firms, Hedge Funds,
Investment Banks
Vista Equity Partners, Edison Partners
Series A Oct 2017
Compliance software
Series A Jul 2018
Assetmax (2013, Zurich)
Software solutions for asset management firms
Schwyzer Kantonalbank
EARLY STAGE
Series A Mar 2019
Dathena (2016, Singapore)
Digital solution for enterprise data classification
CerraCap Ventures
Series A Jul 2019
Usercentrics (2018, Munich)
Consent management platform for GDPR compliance
Cavalry Ventures, Alstin, Reimann Investors
SEED STAGE
$2.5M - Seed May 2019
Intello (2017, New York City, $4M)
SaaS-Based Platform for real-time Data Privacy
Compliance
Magnetico, Harrison Metal, Resolute Ventures, Zane
Lackey, Chris Smoak, Zach Sherman
$1.9M - Seed Jun 2019
Encamp (2017, Indianapolis, $2.9M)
Substance regulation software for environmental
compliance
$1.4M - Seed Mar 2019
Gecko Governance (2015, Louth, $2.4M)
Blockchain based tool to manage fund regulation &
compliance
COSIMO Venture Partners
$1.3M - Seed Feb 2018
Compliance
Emerge, BoxGroup, Blacktop Capital, Kaedan Capital,
Tectonic Capital, Clark Valberg, Kathryn Minshew,
Eli Portnoy

SEED STAGE
$1M - Seed Jul 2019
Encamp (2017, Indianapolis, $2.9M)
Substance regulation software for environmental
compliance
High Alpha, Allos Ventures, Ade Olonoh
$1M - Seed Jan 2018
Gecko Governance (2015, Louth, $2.4M)
Blockchain based tool to manage fund regulation &
compliance
COSIMO Venture Partners
$761k - Seed Nov 2018
CrediWatch (2013, Bangalore, $1.3M)
Platform for business monitoring, reporting &
compliance analysis
Pooja Bothra, Pithambar Venkata Rao Gona, Mekin
Maheshwari, Modern India, Contrarian Drishti
Seed Jun 2018
BlockRe (2017, New York City)
Risk and compliance management for crypto-assets
Plug and Play Tech Center
SEED STAGE
Seed Nov 2018
CerraCap Ventures
Seed Sep 2018
Thales Digital Factory
Seed Jun 2018
Seed Jun 2018
Consent management platform for GDPR compliance
Cavalry Ventures

Most Active Investors (VC, PE) by Stage in GRC Software; Last 5 years (Jul 2014-Jul 2019)
Most Active VC & PE Investors
38
GRC Software > Investment Trends > Most Active VC & PE Investors
SEED STAGE
Data Collective(2 Investments)
Merlon Intelligence, Enzyme
1
Right Side Capital Management(2
Investments)
Alpin, Whistler
2
WorldQuant Ventures(2 Investments)
Trunomi, Certrax
3
Fenway Summer Ventures(2 Investments)
Trunomi, Merlon Intelligence
4
New Enterprise Associates
WireWheel
5
Accel
Simility
6
Bain Capital Ventures
Idelic
7
IVP
Expanse
8
Lux Capital
CryptoNumerics
9
Amadeus Capital
Hazy
10
EARLY STAGE
Index Ventures(3 Investments)
Collibra, SafetyCulture, Behavox
1
Insight Venture Partners (3 Investments)
OneTrust, Fenergo, Templafy
2
Partech(3 Investments)
Privitar, M-Files, Waterline Data
3
Dawn Capital(3 Investments)
Collibra, Templafy, Quantexa
4
FPrime Capital Partners(2 Investments)
TraceLink, RiskLens
5
Paladin Capital (2 Investments)
RiskLens, DPOrganizer
6
Volition Capital(2 Investments)
TraceLink, Assent Compliance
7
ACT Venture Capital (2 Investments)
AQMetrics, Effective Software
8
FTV Capital(2 Investments)
RapidRatings, Riskalyze
9
NVM Private Equity(2 Investments)
SHE software, NorthRow
10
LATE STAGE
Norwest Venture Partners (2 Investments)
ACL Services, Cority
1
Georgian Partners (2 Investments)
TraceLink, Cority
2
Clearlake Capital(2 Investments)
Metric Stream, Diligent
3
Vista Equity Partners(2 Investments)
SecureLink, Trintech
4
Luminate Capital Partners(2 Investments)
Oversight, StarCompliance
5
Battery Ventures
Collibra
6
Insight Venture Partners
Prevalent
7
CDC Group
Veritas
8
Icon Ventures
TrustArc
9
Gimv
MEGA
10

GRC Software > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in GRC Software; Last 5 years (Jul 2014-Jul 2019)
Most Active Ecosystem Investors
INCUBATOR/ACCELERATOR
Plug and Play Tech Center(12
Investments)
BigID, Trunomi, Neurensic
1
Techstars(7 Investments)
LogicGate, Sigma Ratings, Alyne
2
500 Startups(4 Investments)
AuditFile, Qualio, RingCaptcha
3
Startupbootcamp(4 Investments)
Port, Otonomos, KyoLAB
4
Venture Kick(3 Investments)
Apiax, RiskTalk
5
High Alpha(3 Investments)
LogicGate, Encamp, Anvl
6
PreSeed Ventures(3 Investments)
Templafy, Intercompany Software, Legal Monster
7
Y Combinator(2 Investments)
StratiFi, Regology
8
Rock Health(2 Investments)
Enzyme, Accountable
9
MassChallenge(2 Investments)
Carbon Analytics, RiskTalk
10
OTHER NOTABLE INVESTORS
Salesforce(3 Investments)
Privitar, Resilinc, OpenQ
1
Enterprise Ireland(3 Investments)
AQMetrics, Effective Software, Qualio
2
Royal Bank of Canada(2 Investments)
Assent Compliance, OpenText
3
Citigroup(2 Investments)
Privitar, Behavox
4
Swisscom(2 Investments)
NetGuardians, GlassIG
5
Atlanta Technology Angels(2 Investments)
Oversight, Preparis
6
Nextlaw Labs(2 Investments)
FileFacets, Libryo
7
Goldman Sachs
TraceLink
8
Morgan Stanley
Quentic
9
Barclays
Sigma Ratings
10
DEBT INVESTORS
Western Technology Investment(6
Investments)
Trustwave, Guardian Analytics, BigID
1
Ares Capital Corporation(5 Investments)
TraceLink, HelpSystems, Infogix
2
Trinity Capital Investment(3 Investments)
Convercent, Continuity, Resilinc
3
The Carlyle Group(2 Investments)
Coalfire, OpenLink
4
Partners Group(2 Investments)
IDERA, SAI Global
5
Golub Capital(2 Investments)
Actiance, Browz
6
Silicon Valley Bank
ZeroFOX
7
Advantage Capital
Fortress Risk Mgmt
8
Siparex
ACL Services
9
TPG
Expanse
10

GRC Software > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/4)

GRC Software > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
45
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Investment Activity
Top Markets of Early Stage Investors
Market Deep Dive

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Enterprise Information
Management
Jun 2019
Localisation - L10n Tech
Jun 2019
Business Process
Management Software
Jun 2019

Marketmap: GRC Software GRC Software > Market Details > BlueBox
47

Key Sub Sectors
48
Key Sub Sectors in GRC Software
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Compliance
Companies that provide products for compliance adherence, assessment, management,
tracking, & reporting to an organization
Workiva (2008, Ames, Public)
1156 305 $3.1B
Risk Management
Companies that provide products for multiple types of risk identification, assessment,
management, and tracking in an organization
ServiceNow (2004, Santa Clara, Public)
Everbridge (2002, Burlington, Public)
364 138 $1.1B
Governance
Companies that provide products for governance assessment, implementation, and tracking in
an organization
Veritas (1989, Mountain View, Acquired)
SailPoint (2005, Austin, Public)
137 52 $923M
Integrated GRC
Companies that provide an integrated governance, risk & compliance product for either a
single or multiple industries
Thomson Reuters (2008, New York City,
Public)
OpenText (1991, Waterloo, Public)
203 60 $739M
Regulatory Intelligence
Companies that provide products for the actionable regulatory intelligence to manage and
streamline governance, risk and compliance posture
Indigita (2016, Geneva)
SteelEye (2017, London, $7.3M)
13 4 $9.3M
GRC Software > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/7)
49
GRC Software > Market Details > Detailed Sector Taxonomy

50

51

52

53

54

55

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(-)
Compliance > IT Compliance > Data Privacy
Companies that provide products to monitor, audit and enforce adherence to data privacy regulations
to either data controllers or processors
(Companies covered 129 | Funded 51 | Total Funding $647M)
$462M
(+$374M)
42
(+24)
OneTrust
(2016, Atlanta, $200M)
2
(+1)
Governance > Data Governance
Companies that provide product for data governance in an organization
$297M
(+$209M)
12
(+3)
Collibra
(2008, Brussels, $281M)
3
(+4)
Integrated GRC > Horizontal
Companies that provide an integrated governance, risk & compliance product for multiple industries
$207M
(+$189M)
10
(-1)
Metric Stream
(1999, Palo Alto, $215M)
4
(-2)
Compliance > Industry > Banking & Finance > AML & CTF
Companies that provide products for the Anti Money Laundering (AML) and Counter Terrorist
Financing (CTF) compliance enforcement, monitoring, management and reporting to the b…
$56.9M
(-$45.3M)
13
(+3)
Quantexa
(2016, London, $23.3M)
5
(+12)
Governance > Access Governance
Companies that provide product for access governance in an organization
$266M
(+$254M)
5
(+1)
SecureAuth
(2005, Irvine, $244M)
6
(-2)
Compliance > QEHS Compliance > Integrated QEHS Compliance
Companies that provide suite of products for quality, environment, health & safety compliance to an
organization
$149M
(-$18.7M)
5
(-)
Assent Compliance
(2005, Ottawa, $151M)
7
(-)
Compliance > Industry > Banking & Finance > Trading & Investment
Companies that provide products for the trading & non-trading and investment compliance
enforcement, management and reporting to the brokerage and securities firms
$18.8M
(+$6.6M)
10
(+2)
Compliance Science
(2003, New York City, $19.5M)
56
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/2)
Top Markets by Funding in GRC Software in last 2 years (July 2017 - June 2019)
GRC Software > Market Details > Top Markets of Investment Activity

Top Markets of Investment Activity (2/2)
GRC Software > Market Details > Top Markets of Investment Activity

Rank Market # Investments Key Investments
1
Governance > Data Governance
Companies that provide product for data governance in an organization
(Companies created 58 | Funded 26 | Total Funding $504M )
2
Okera (2016, San Francisco, $14.6M)
2
Risk Management > IT Risk > Integrated IT Risk Management
Companies that provide products for an integrated IT security & risk identification, assessment and
management to an organization
1 Expanse (2012, San Francisco, $135M)
3
Integrated GRC > Horizontal
Companies that provide an integrated governance, risk & compliance product for multiple industries
1 AuditBoard (2014, Cerritos, $43.6M)
4
Compliance > IT Compliance > Data Privacy
Companies that provide products to monitor, audit and enforce adherence to data privacy regulations to
either data controllers or processors
1 Privitar (2015, London, $61M)
5
Compliance > Communication Channel Compliance
Companies that provide products for the communication channel compliance management and tracking to
an organization
1 Behavox (2014, London, $21.6M)
6
Risk Management > Industry > Finance
Companies that provide products for multiple types of risk identification, assessment, management, and
tracking in the finance industry
1 StratiFi (2015, Mckinney, $7M)
Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer
Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures
58
Top Markets of Early Stage Investors
Top Markets where Early Stage Investors are investing in last 2 years (July 2017 - June 2019)
GRC Software > Market Details > Top Markets of Early Stage Investors

Incubators Capital Factory (#1), Thales Digital Factory (#1)
Seed New Enterprise Associates (#1), Enterprise Ireland (#1)
Series A/B Partech (#3), Accel (#3)
Series C+ Icon Ventures (#1), Bregal Sagemount (#1)
Appsulate Jul - 2019
Acq by Zscaler
Cognigo May - 2019
Acq by NetApp for $70M
Groupcall Sep - 2018
Acq by Community Brands
Data443 Jul - 2018
Acq by Landstar
GlassIG May - 2018
Acq by Everteam
TITUS Dec - 2017
Acq by Blackstone
Tracesmart Apr - 2014
Acq by LexisNexis
$200M - Series A
Series A
$70M - Series D
$40M - Series B
$2.5M - Seed
Seed
Statice (2018, Berlin)
Jul 2019
Privacy Startup OneTrust Reaches $1.3 Billion Valuation
From Its First Funding Round, Forbes
Jul 2019
Usercentrics Secures Series A Funding As Global Demand
For Privacy Technologies Rises, Business Wire
Jul 2019
M-Files Showcases AI-Powered Information Management for
Office 365 at Microsoft Inspire 2019, PRWeb
Jul 2019 TrustArc fetches $70 mln Series D, PE Hub
Jul 2019
M-Files Certified Application Partner Membership Triples,
AiThority
Jul 2019 Zscaler acquires Appsulate, Telecompaper
Jul 2019
M-Files Makes Microsoft Office 365 the Single Point of Access
to All Enterprise Information, RealWire
Jun 2019
DATA 443 and N8 Secure Contract for Identity Governance
Services, Investing News
Jun 2019
Schindler Selects OneTrust for Privacy Program Compliance
Efforts, PR Newswire
Jun 2019
TrustArc Launches New Solution To Automate Security
Regulations, MarTech Advisor
Jun 2019
Sopra Banking Software and digi.me team up to help banks
gain a competitive edge in today’s digital world, Financial IT
Jun 2019 Asurion sues California company, Nashville Post
May 2019
Cloud Creates Big Recurring Cash Piles For M-Files Partners,
Data Economy
May 2019
Nasdaq-Listed NetApp Acquires Data Protection Startup
Cognigo, CTech
News
10
7
28
51
129
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Compliance > IT Compliance > Data Privacy: Market Factsheet
59
Exits
Recent InvestmentsCompanies that provide products
to monitor, audit and enforce
adherence to data privacy
regulations to either data
controllers or processors
Varonis
(2005, Herzliya, $18.7M)
M-Files
(1989, Plano, $43.8M)
BigID
(2015, Tel Aviv, $46.1M)
Dataguise
(2007, Fremont, $30M)
TrustArc
(1997, San Francisco, $70M)
Top Companies
#1 Top Markets of Investment Activity
GRC Software > Market Details > Market: Data Privacy
Companies Created 129 | Funded 51 | Total Funding $647M
0
20
40
60
$0k
$100M
$200M
2014 2015 2016 2017 2018
Predicted Funding YoY Funding
Rounds Predicted Rounds
YoY Funding and Rounds
Market: Data Privacy

Compliance > IT Compliance > Data Privacy: Top Companies
Market: Data Privacy (1/2)
Analyst’s Pick
Cloud-based data privacy compliance solution
Minicorn. Stage: Series D
Bregal Sagemount, Accel, DAG Ventures and 3 Other
Investors
Accel, Salesforce, 24 Haymarket and 7 Other
Investors
Privacy management platform for customer
identity data
Minicorn. Stage: Series B
Scale Venture Partners, ClearSky, BoldStart
M-Files (1989, Plano, $43.8M)
Enterprise content services platform
Editor's Pick. Stage: Series B
Finnish Industry Investment, Draper Esprit, Partech
Analyst’s Pick
Minicorn. Stage: Series C
Jackson Square Ventures, Partech, Infosys and 3
Other Investors
Dataguise (2007, Fremont, $30M)
Data masking based big data security
Vestech Partners, Toba Capital, Icon Ventures,
Samsung NEXT
Varonis (2005, Herzliya, $18.7M)
User behavior analytics and governance based
insider threat detection
EMC, Accel, Evergreen Venture Partners and 4
Other Investors
Integris Software (2016, Seattle, $14.5M)
PII data privacy compliance and intelligence
solution
Editor's Pick. Stage: Series A
Aspect Ventures, Madrona Venture Group, Amplify
Analyst’s Pick
Cognigo (2016, Jersey City, $11M)
GDPR compliance platform
OurCrowd, Prosegur, State of Mind Ventures
Trunomi (2013, San Jose, $9.5M)
Enterprise KYC and data privacy solutions
Minicorn. Stage: Series A
CloudScale Capital Partners, Fintonia Group, Saturn
Paladin Capital, Industrifonden, Creades, Inbox
Capital
Compliance
Minicorn. Stage: Seed
Magnetico, Harrison Metal, Resolute Ventures and
11 Other Investors

Compliance > IT Compliance > Data Privacy: Top Companies
Market: Data Privacy (2/2)
Analyst’s Pick
Osano (2018, Austin, $3M)
Platform for data compliance
Editor's Pick. Stage: Seed
LiveOak Venture Partners, Next Coast Ventures,
Capital Factory and 5 Other Investors
Hazy (2017, London, $2.8M)
Secure data sharing and management
Editor's Pick. Stage: Seed
UCL Technology Fund, Nationwide, Pentland and 7
Other Investors
CerraCap Ventures, Thales Digital Factory
Consent management platform for GDPR
compliance
Cavalry Ventures, Alstin, Reimann Investors, MK
Venture Capital
Analyst’s Pick
BASIS ID (2016, Tallinn)
KYC & AML solutionns
Editor's Pick. Stage: Unfunded
BizDatax (2011, Zagreb)
Data masking tool for GDPR compliance
DPOware (2017, Naerum)
Data privacy compliance solutions provider
Emark (2019, Bratislava)
GDPR compliance management solution provider
IT Trust (2012, Copenhagen)
GDPR and ePrivacy compliance solutions provider

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
62
Compliance > IT Compliance > Data Privacy: Leaderboard
Better than Market Average
Market: Data Privacy
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0 TrustArc 1997
San
Francisco
Series D $70M 2 - 4 4 4 13.4k 517k 4.4k 18 - - 119 1%
4.8 Varonis 2005 Herzliya Public $18.7M 4 4 5 - - 5.1k 8k 60 34 - - 186 4%
4.6
Waterline
Data
2013
Mountain
View
Series C $39M 4 5 - - - 2.2k - - 18 - - 86 4%
4.6 BigID 2015 Tel Aviv Series B $46.1M 3 4 - - - 1.2k - - 21 - - 276 30%
4.4 M-Files 1989 Plano Series B $43.8M 2 5 4 3 3 5.5k 30k 262 33 15 6% 1.8k 46%
4.4 WireWheel 2017
Washingto
n D.C.
Series A $12.9M 2 4 - - 4 150 - - 7 - - 92 159%
4.3 DPOrganizer 2015 Stockholm Series A $7.1M 2 - - - 5 203 - - 3 - - 20 11%
4.2 Cognigo 2016 Jersey City Acquired $11M 1 4 - - 5 152 - - 3 - - - -
4.0
digi.me
Partners
2009 Guildford Series A $18.3M 8 - 4 - - - 76k 151 11 32 27% - -
4.0 Dataguise 2007 Fremont Series B $30M 5 3 - - - 725 - - 20 - - 27 4%
4.0 OneTrust 2016 Atlanta Series A $200M 1 - 4 - - - 4k 16 49 2 14% - -
4.0 Privitar 2015 London Series B $61M 5 3 - - - 789 - - 9 - - 198 34%
3.9
Integris
Software
2016 Seattle Series A $14.5M 3 4 - - 4 321 - - 5 - - 130 68%
3.9 Hazy 2017 London Seed $2.8M 3 4 - - 3 487 - - 2 - - 48 11%
3.9 Trunomi 2013 San Jose Series A $9.5M 3 4 - - - 1.1k - - 5 - - 14 1%

Incubators
Seed BDC (#1), Saratoga Investment (#1)
Series A/B Dawn Capital (#2), Insight Venture Partners (#1)
Series C+ Battery Ventures (#1), Iconiq Capital (#1)
Dataglobal Jan - 2019
Acq by Covata for $14.3M
DocuLynx Dec - 2018
Acq by DRS Group
Datum Oct - 2018
Acq by Infogix
Veritas Sep - 2018
Acq by La Francaise
BackOffice Aug - 2017
Acq by Bridge Growth Partners
IDERA May - 2017
Acq by HGGC
PE
$6.4M - Series A
Helios Data (2017, Mountain View,
$6.4M)
$100M - Series E
$700k - Series A
Sherpa Software (2000, Bridgeville,
$700k)
$15M - Series B
Templafy (2014, Copenhagen, $40.2M)
$12M - Series A
Okera (2016, San Francisco, $14.6M)
Jul 2019
IDERA SQL Compliance Manager Expands Support for
Regulatory Guidelines with Spotlight on GDPR, Business Wire
Jul 2019
Data governance tech scale-up Collibra acquires Czech SaaS
startup SQLdep, Tech.eu
Jun 2019 Vc-backed Adaptive Goes Public, PE Hub
Jun 2019
Veritas Abstracts IT Complexity With New Enterprise Data
Services Platform, PR Newswire
Jun 2019
Azure Data Lake Storage gets Okera security and governance
platform support, ZDNet
Jun 2019
Veritas, Carahsoft to Market Enterprise Data Protection Tech
on AWS Cloud Portal, ExecutiveBiz
Jun 2019
Veritas Now Available Through Carahsoft on the AWS C2S
Marketplace, GlobeNewswire
May 2019
Toronto Public Library partners with Ataccama to
modernize data management practices across their library
systems, Medianet
May 2019
erwin and Avydium Announce Partnership to Accelerate
Enterprise Digital Transformation, ReadITQuik
May 2019
Veritas acquires APTARE to enhance analytics, reporting,
protection of enterprise data, ITWeb
May 2019
erwin, Inc. Named to CRN’s Annual 2019 Big Data 100 List,
PRWeb
Apr 2019
ADAPT and Collibra partner to develop data valuation
systems, TechCentral Ireland
Mar 2019
Veritas Backup Exec certified for Microsoft Azure and
Windows Server 2019, DATAVERSITY
News
16
7
16
26
58
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Governance > Data Governance: Market Factsheet
63
Exits
Recent InvestmentsCompanies that provide product
for data governance in an
organization
Veritas
Immuta
(2014, College Park, $33.2M)
Collibra
(2008, Brussels, $281M)
BackOffice
(1996, South Harwich, $30M)
Helios Data
Top Companies
GRC Software > Market Details > Market: Data Governance
0
5
10
$0k
$100M
$200M
2014 2015 2016 2017 2018
Market: Data Governance

Governance > Data Governance: Top Companies
Analyst’s Pick
Unicorn. Stage: Series E
Iconiq Capital, Index Ventures, Dawn Capital and 4
Other Investors
Policy driven data security and auditing solutions
DFJ, Dell Technologies, Citi and 9 Other Investors
BackOffice (1996, South Harwich, $30M)
Enterprise Data Migration, Governance, Master
Data Management and data quality services and
solutions
Goldman Sachs
Information Mangagement & backup appliances
and software
Lok Capital, CDC Group, Accel and 7 Other Investors
Analyst’s Pick
Helios Data (2017, Mountain View, $6.4M)
AI-based enterprise data transparency and
monetization platform
Partners Group, Elsewhere Partners
Deputi (2018, London)
Data governance solutions provider
Diaku (2008, Reading)
Integrated data governance, collaboration and
integration platform
Index Engines (2004, Holmdel)
Information management and archiving solutions
Orion Governance (1995, Hayward)
Provider of an automated data governance platform
Analyst’s Pick
Rational Enterprise (2006, Albany)
Data governance, review, classification, and
analytics platform
TopQuadrant (2001, Raleigh)
Web-based data governance solution

65
Governance > Data Governance: Leaderboard
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0 Collibra 2008 Brussels Series E $281M 7 5 - - - 4.6k - - 27 - - 288 7%
4.9 Immuta 2014
College
Park
Series B $33.2M 4 4 - - - 643 - - 32 - - 98 18%
4.7 Templafy 2014
Copenhage
n
Series B $40.2M 2 4 - - 4 439 - - 8 - - 63 17%
4.1 Veritas 1989
Mountain
View
Acquired $18.6M 4 - 4 - - - 37k 462 98 4 1% - -
4.1 Okera 2016
San
Francisco
Series A $14.6M 1 2 - - 4 183 - - 8 - - 66 56%
4.1 BackOffice 1996
South
Harwich
Acquired $30M 1 5 - - - - - - 21 - - - -
3.9 Infogix 1982 Naperville Acquired - 2 4 - - - 1.1k - - 16 - - 4 -
3.3 IDERA 2003 Houston Acquired - 1 4 - - - - - - 1 - - - -
3.1 DocuLynx 2004 Omaha Acquired $400k 1 1 - - 4 519 - - 3 - - -22 -4%
2.9 StoredIQ 2001 Austin Acquired $41.8M 5 - - - - 631 - - 1 - - -5 -1%
2.9 Erwin 2016 Melville Acquired - 1 - - - 3 - - - 20 - - - -
2.8
Automated
Intelligence
2010 Belfast Seed $2M 1 - - - 3 800 - - 2 - - - -
2.7 Datum 2009 Baltimore Acquired - - - - - - 1.4k - - 9 - - -28 -2%
2.6 Ataccama 2007 Markham Unfunded - - 5 - - - 671 - - 3 - - 38 6%

Incubators High Alpha (#1), Techstars (#1)
Seed Chicago Ventures (#1), YFM Equity Partners (#1)
Series A/B Goldman Sachs (#2), New Enterprise Associates (#1)
Series C+ Sierra Ventures (#2), Eastward Capital Partners (#1)
Nasdaq BWise Feb - 2019
Acq by SAI Global
Magique Galileo Software
Jan - 2019
Acq by Sword Group
ProcessUnity Sep - 2018
Acq by Long Ridge
Aruvio Dec - 2017
Acq by Riskonnect
iView Systems Nov - 2017
Acq by Omnigo
SAI Global
IPO'd
$100k - Series A
Ignyte Assurance Platform (2012,
Miamisburg, $100k)
$42.7M - Series C
$40M - Series B
$7.5M - Series A
LogicGate (2015, Chicago, $9.4M)
Series A
$1.1M - Series C
Jul 2019
Deutsche Telekom partners with Software AG to expand
Cloud of Things offering, Telecompaper
Jul 2019
OpenText and Mastercard Partner to Transform Financial
Processes Across Global Supply Chains, CNW
Jul 2019
15 Million Mobile Devices In India Infected With ‘Agent
Smith’ Malware: Check Point Research, -The Indian Express Pvt
Jul 2019
New Android malware replaces code in legitimate apps to
display malicious ads, SiliconAngle
Jul 2019
Getting to grips with cloud security, data migration to the
cloud, ITWeb
Jul 2019
Thomson Reuters and Datamatics Brings Together
TaxAnalyze, Tax and Accounts Analytics Solution, Business
Today
Jul 2019
OpenText deepens partnership with Google Cloud,
leveraging Anthos, ZDNet
Jul 2019
DVV Solutions joins ProcessUnity Partner Program,
Institutional Asset Manager
Jul 2019
Software AG Named a Visionary in Gartner Magic Quadrant
for Industrial IoT Platforms, Business Wire
Jun 2019
RAH Infotech Appointed as National VAD for Check Point in
India, DIGITAL TERMINAL
Jun 2019
NeuroBlade emerges from stealth with Series A for AI
acceleration chip, The Robot Report
Jun 2019
Check Point Research & CyberInt Find Major Vulnerability in
Electronic Arts’ Origin Gaming Client, GlobeNewswire
Jun 2019
Axiomsl And Refinitiv Announced Partnership For Global
Shareholding Disclosures Data Enrichment, Financial IT
News
27
10
22
40
153
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Integrated GRC > Horizontal: Market Factsheet
66
Exits
Recent InvestmentsCompanies that provide an
integrated governance, risk &
compliance product for multiple
industries
Thomson Reuters
OpenText
(1991, Waterloo)
Check Point Software
(1993, Tel Aviv, $400k)
Software AG
(1969, Darmstadt)
AxiomSL
Top Companies
GRC Software > Market Details > Market: Horizontal
0
5
10
$0k
$100M
$200M
2014 2015 2016 2017 2018
Market: Horizontal

Integrated GRC > Horizontal: Top Companies
Market: Horizontal (1/2)
Analyst’s Pick
platform
EDBI, Goldman Sachs, Sageview Capital and 11
Other Investors
Norwest Venture Partners, Siparex
Cloud-based integrated GRC and audit management
Battery Ventures, Wavemaker Partners, Act One
Ventures, Mucker Capital
IFU, BRM Group, First Analysis and 5 Other
Investors
Analyst’s Pick
Ignyte Assurance Platform (2012,
Miamisburg, $100k)
Platform for information security and compliance
management
Enterprise solutions for financial, risk, legal, tax and
accounting
One Equity Partners
Allgress (2006, Livermore)
Business Risk Intelligence solution for risk and
compliance management
Soonicorn. Stage: Bootstrapped Large
SAI Global (1922, Sydney)
Provider of SaaS-based integrated GRC solution
Partners Group
Software AG (1969, Darmstadt)
BPM, data management, GRC solutions and
consulting services provider
Analyst’s Pick
Software solutions for asset management firms
Schwyzer Kantonalbank
AxiomSL (1991, New York City)
Provider of regulatory and risk management
solutions
TCV
ControlCase (2004, Mclean)
IT GRC and Compliance as a Service (CaaS) solution
provider
Etrends (2008, Mumbai)
Integrated GRC solutions provider
GRC-Boxx (Naarden)
Cloud-based unified GRC solution

Integrated GRC > Horizontal: Top Companies
Market: Horizontal (2/2)
Analyst’s Pick
Infopulse (2018, Deutschlandsberg)
Integrated governance, compliance and risk
management solutions provider
Loyal Solutions (1992, Buenos Aires)
Integrated governance, risk, and compliance
solution
Enterprise information management and business
process management solutions
Royal Bank of Canada, Tera Capital, TCV and 2
Other Investors
Otris Software (1998, Dortmund)
Integrated GRC, contract, investment portfolio,
policy and privacy management

69
Integrated GRC > Horizontal: Leaderboard
Market: Horizontal
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0
Check Point
Software
1993 Tel Aviv Public $400k 2 5 4 4 5 64k 1.1M 7.2k 124 739 12% 3.9k 6%
4.6
Thomson
Reuters
2008
New York
City
Public - - - 4 - - 151.9k 283k 850 260 48 6% 2.9k 2%
4.2 OpenText 1991 Waterloo Public - 2 5 5 - - 19.6k 20k 99 133 8 9% 475 2%
4.2 AuditBoard 2014 Cerritos Series B $43.6M 2 - - - 5 118 - - 5 - - 16 16%
4.0 ProcessUnity 2003 Concord Acquired $69.3M 14 - - - - 524 - - 10 - - 13 3%
3.8 SAI Global 1922 Sydney Acquired - 2 - 4 - - 983 4k 8 24 4 100% 76 8%
3.8 Rsam 2003 Secaucus Series B $32M 1 - - - - 517 - - 10 - - 47 10%
3.7
Metric
Stream
1999 Palo Alto Series D $215M 7 4 5 - 4 4.7k 4k 35 17 - - 14 -
3.6
Vault
Intelligence
2006
Christchurc
h
Public - 1 - 4 - 4 140 12k 26 23 2 8% 10 8%
3.6 AxiomSL 1991
New York
City
Series A - 1 - - - - 835 - - 58 - - 41 5%
3.5 ACL Services 1987 Vancouver Series C $50M 1 - 4 - - - 4k 46 17 3 7% 154
-
100%
3.5 Approva 2001 Reston Acquired $55.7M 10 - - - - 323 - - 3 - - - -
3.4 LogicGate 2015 Chicago Series A $9.4M 2 5 - - - - - - 2 - - 64
-
100%

GRC Software > Market Details > Market: AML & CTF
Market: AML & CTF

Market: AML & CTF (1/2)

Market: AML & CTF (2/2)

Market: AML & CTF

GRC Software > Market Details > Market: Access Governance
Market: Access Governance

GRC Software > Market Details > Market: Integrated QEHS Compliance
Market: Integrated QEHS Compliance

GRC Software > Market Details > Market: Trading & Investment
Market: Trading & Investment

GRC Software > Market Details > Market: Integrated IT Risk Management
Market: Integrated IT Risk Management

GRC Software > Market Details > Market: Integrated Compliance Management
Market: Integrated Compliance Management

GRC Software > Market Details > Market: Banking
Companies Created 31 | Funded 15 | Total Funding $45.4M
Market: Banking

Market: Banking

#5 Top Markets of Early Stage Investors
GRC Software > Market Details > Market: Communication Channel Compliance
Market: Communication Channel Compliance

GRC Software > Market Details > Market: Finance
Market: Finance

Public Companies
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
96
Notable Acquisitions
Top Acquirers

Public companies (1/3)
98
List of Public Companies in GRC Software
IPO Date Company
IPO
Mcap
Exchange
Ticker
Nov 2017
SailPoint (2005, Austin)
identity governance & administration software
$1B NYSE:SAIL
Oct 2017
IRIS (2000, Vashi)
$9.2M BOM:540735
Oct 2016
Everbridge (2002, Burlington)
$323M NASDAQ:EVBG
Dec 2014
Workiva (2008, Ames)
Compliance and management reporting platform
$553M NYSE:WK
Jun 2014
BlackIce Risk Technologies (2014, Vancouver)
CNSX:BIS
Feb 2014
Varonis (2005, Herzliya)
User behavior analytics and governance based insider threat
detection
$524M NASDAQ:VRNS
Jun 2012
ServiceNow (2004, Santa Clara)
PaaS for enterprise IT management and service management
solutions
NYSE:NOW
Jul 2011
Vault Intelligence (2006, Christchurch)
Health, Safety & Risk Management Software
$5.4M ASX:VLT
Aug 2010
GBG (1989, Chester)
Fraud risk management solutions provider
LON:GBG
GRC Software > Exit Outlook > Public Companies

99
IPO Date Company
IPO
Mcap
Exchange
Ticker
Nov 2008
Envirosuite (2011, Brisbane)
Environmental compliance management solution
ASX:EVS
Dec 2006
TikForce (2003, Subiaco)
Workforce Compliance Solutions
$7.2M TKF
Jan 2002
ALD Reliability and Safety Solutions (1984, Tel Aviv)
Reliability Software, Safety and Quality Solutions
TLV:ALD
Aug 2000
Objective (1987, Sydney)
Enterprise content management and process governance solution
ASX:OCL
May 1999
SHS VIVEON (1991, Munich)
Loan servicing software solutions provider
FRA:SHW
Jun 1996
Check Point Software (1993, Tel Aviv)
NASDAQ:CHKP
Jan 1996
Enterprise information management and business process
NASDAQ:OTEX
Nov 1995
Enterprise solutions for financial, risk, legal, tax and accounting
NYSE:TRI
Worksafe Management Systems (1993, Brisbane)
Web-based occupational health and safety solution
Ideagen (1993, Ruddington)
Integrated compliance, audit, risk, and performance management

100
IPO Date Company
IPO
Mcap
Exchange
Ticker
Blue Lemon Health & Safety (2011, St Leonards)
Cloud-based Health & Safety Solutions
DHC Business Solutions (2011, Saarbruecken)
Governance risk and compliance solution
Telos (1971, Ashburn)
Cybersecurity & GRC software and consulting service
Symbiant (1999, Leeds)
Cloud-based risk and audit management solution
SteelCloud (1987, Washington D.C.)
Integrated Governance, Risk, and Compliance Management
Safeway Management Group (2004, Bronx)
Provides safety and compliance software solution
GCP Global (2004, Mexico City)
Cloud-based GRC solution

Tracxn - GRC Software Startup Landscape

Tracxn - GRC Software Startup Landscape

Recommandé

Recommandé

Contenu connexe

Tendances

Tendances (20)

Similaire à Tracxn - GRC Software Startup Landscape

Similaire à Tracxn - GRC Software Startup Landscape (20)

Plus de Tracxn

Plus de Tracxn (20)

Dernier

Dernier (20)

Tracxn - GRC Software Startup Landscape