Edison Ventures, an information technology-focused venture capital firm, has led an $8.25 million venture capital funding round for Compliance Science, Inc., a leading web-based provider of regulatory compliance technology and services.
Edison Venture’s minority investment is the first outside capital that Compliance Science has received, and will accelerate the Company’s technology and product development and its expansion into new and global markets.
Compliance Science is a leading provider of web-based regulatory compliance technology and services for the financial services community. CSI’s clients include leading RIA’s, broker/dealers, private equity firms, hedge funds, banks, pension plans and public companies. These financial firms rely on Compliance Science to help protect them against reputational risk and revenue loss occurring from non-compliant activities.
Mitchel Kraskin, Managing Director and co-founder of Compliance Science, said, “We are thrilled to partner with Edison Ventures, which has a tremendous track record as one of the leading investors in the financial technology sector. The firm’s domain expertise and financial support will be instrumental as we accelerate our product development, address new markets and, ultimately, expand globally.”
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