Risk and compliance solutions provider LogicGate this week announced that it has raised $113 million in a Series C funding round, bringing the total raised by the company to $156 million.
The funding round was led by growth equity firm PSG, with participation from existing investor Greenspring Associates.
Founded in 2015 and headquartered in Chicago, LogicGate provides customers with the ability to identify, assess, and monitor risks.
LogicGate’s Risk Cloud platform is an end-to-end suite of applications that aim to cover the entire landscape of risk within an organization. The platform supports integration with a large number of applications that ensure regulatory compliance.
The company claims to serve hundreds of organizations in the energy, financial services, healthcare, and technology sectors.
The company plans to use the new investment to deliver a risk quantification solution later this year, as well as to invest in its security posture and in expanding its partner ecosystem and international presence.
“We’re thrilled to partner with PSG and continue our relationship with Greenspring as we aim to address the market demand for a holistic no-code platform equipped with the tools and agility required to meet the evolving risk management needs of modern organizations,” Matt Kunkel, CEO of LogicGate, said.
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