Assent Compliance delivers a centralized compliance platform that automates collection, validation and configurable reporting of supply-chain data for teams across manufacturing enterprises. The company focuses on product compliance, trade compliance and ESG, and positions itself as serving complex manufacturers with what it calls the industry’s largest network of supplier intelligence. Its platform aims to help customers proactively identify and manage risk, accelerate market access and protect brand reputation. Customers named in the article include GE Appliances, Polaris, Stryker and Escatec. Assent has grown rapidly since CEO Andrew Waitman joined, expanding headcount from about 20 to 820 (45% identifying as female) and expects to cross $100 million in ARR this year after ARR growth of over 50% in the past 12 months. The company plans to use new capital to expand further in Europe, eventually enter Asia, and grow headcount by roughly 40% across sales, services, engineering, customer success and marketing. Assent Compliance offers a cloud-based Assent Compliance Platform that automates supply-chain data management to help companies manage third-party market access, reputational, financial and operational risks. The platform combines proprietary software with regulatory and supplier management expertise and serves hundreds of corporate customers and hundreds of thousands of suppliers worldwide. Assent supports enterprises with product compliance, vendor management and corporate social responsibility solutions and is backed by a team of regulatory and supplier program experts. The company has grown to more than 400 employees across three continents. Management has signalled plans to use the new investment to enhance its proprietary software and expand its compliance, vendor management and CSR offerings. This funding continues a multi-round growth trajectory following a CAD$20M Series A in 2016 and a CAD$40M Series B in 2017. Assent Compliance provides a comprehensive supply chain data collection platform with applications for inspection and audits, a contact and parts database, an embedded learning management system, a campaign manager, and a supplier data exchange portal. The company also offers training and educational materials via its integrated learning management system to help clients meet evolving regulatory requirements. Assent works with over 40 percent of S&P 500 product companies and a network of more than 300,000 supplier companies globally. Founded in 2005 and based in Ottawa, the company currently has 225 employees and plans to add roughly 100 new hires over the next 12–18 months. The business focuses on helping clients incorporate best practices into compliance programs and on automating supply chain data collection, risk analysis, education, and compliance workflows. Recent plans include continued investment in R&D and product management funded by new growth capital.

Total raised

$489M

Funding rounds

3

Latest round

Equity

Latest activity

Jan 2022