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Today we are excited to announce that LogicGate has secured a $113M Series C Funding Round!
Led by PSG, a leading growth equity firm partnering with middle-market software and technology-enabled service companies, and our existing partner Greenspring Associates, a venture capital firm that has been with us since our Series B.
This new capital brings our total funding to date to $156 million. These funds will fuel all elements of our business, including significant product advancements and the expansion of our partner ecosystem, international presence, and security posture.
We had a tremendous amount of interest when it came time to secure this Series C, but we knew we owed it to our customers to find the right fit.
Finding the right capital with the right partner is what we set out to do. And we’ve found that in PSG and Greenspring Associates.
This financing affords us the capital to grow the company and build on our mission to be the market-leading player in the GRC space. We are fully aligned and hold a shared understanding of what success looks like over the next several years and the milestones that we will go through together to get there.
With this funding, we will be heavily investing across the board, but advancing platform capabilities, bringing new products to market, accelerating the growth of our partner ecosystem, international presence, and security posture will all be getting sizable investments.
LogicGate was founded on the simple idea that managing an organization’s risk and compliance should be easier to do.
We believe that removing uncertainty by breaking down silos to connect systems, all while being agile enough to shift and evolve as new risks emerge, can change the trajectory of organizations and make the lives of their employees better.
We are constantly trying to improve on that original concept, using our customers as our North Star to guide us as we create empowering solutions where they can win because the work they do is so critical to the success of an organization.
To our customers, our colleagues, and our community, you have put your trust in LogicGate, helping us grow and evolve into a company that can change the game for GRC solutions.
We’ve accomplished a lot over the past six years, but we’ve only just begun.
As we think about what comes next for us, we are extremely excited about the possibilities. We are in a market that’s perfectly poised for disruption, and we believe we’re the provider to do it.
We’re so thankful to all our wonderful customers, partners, friends, and supporters who have helped us get to this stage.
Let’s keep moving forward because the best is yet to come!
Read the full announcement here.
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