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Canada’S Assent Compliance Lands $350M From Vista Equity For Supply Chain Data Management

Jan 06, 2022•almost 4 years ago

Amount Raised

$350 Million

Ottawa

Description

Never before has the importance of a smooth-flowing supply chain been as clear as it has been in the COVID-19 pandemic era. For manufacturers in particular, managing intricate supply chains can be particularly challenging.

Company Information

Company

Assent Compliance

Location

Ottawa, Ohio, United States

About

And today, the company is announcing it has raised $350 million at a valuation of more than $1 billion in a funding round led by Vista Equity Partners. In the subsequent years, after Waitman came on as CEO, the company has raised over $500 million and grew its headcount from about 20 to 820 today. Assent’s trajectory continues to grow and Waitmen projects the SaaS company will cross $100 million in annual recurring revenue (ARR) this year after growing ARR by over 50% in the past 12 months. The company delivers enterprise-wide supply chain sustainability solutions across product compliance, trade compliance and ESG — better known as Environmental, Social and (Corporate) Governance. The company plans to use its new capital mostly to continue expanding in Europe, eventually enter the Asian market and grow its headcount by 40% across its sales, services, engineering, customer success and marketing teams.“Manufacturing represents 20% of GDP,” Waitman told TechCrunch.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech