Paragon Data Labs provides a scalable, cloud-based B2B SaaS platform that automates and simplifies code-of-ethics monitoring and compliance for financial services firms. Its product targets RIAs, hedge funds, family offices, wealth managers, alternative asset managers, and private equity firms. PDL emphasizes transparent, user-friendly compliance tools aimed at making compliance easy for employees and employers. The company reported revenue growth of more than 300% since Q2 2021 and has expanded to 17 employees globally. PDL said the new capital and investor expertise will help execute its mission and support continued expansion. Investors cited the product's potential to disrupt the compliance technology space. Paragon Data Labs builds CAT (Compliance Administration & Tracking), a cloud-based enterprise platform designed to streamline employee compliance for financial services firms. CAT integrates Personal Trading Oversight, Employee Disclosures, and Material Non-Public Information management for automated monitoring, firm-wide analysis, and visualizations. The company was founded by Jefferson Mitchell, Joshua Litwack, and SK Gupta to modernize a historically fragmented compliance technology stack. Paragon aims to make employee compliance simpler and to establish its platform as an industry standard. The firm has assembled a strategic advisory council of seasoned fintech and financial-services leaders to accelerate product adoption and go-to-market progress. Paragon announced an initial angel investment round and board appointments to support growth and commercialization efforts.

Total raised

$2M

Funding rounds

2

Latest round

Equity

Latest activity

Nov 2021