ComplyAdvantage closes £38.5m Series C funding round

South East | Technology

ComplyAdvantage, a global technology company transforming financial crime detection, has announced the close of a £38.5m Series C funding round.

The company will apply the investment toward rapid product and market expansion across the United States, Europe, and the Asia-Pacific region.

The Series C round was led by Ontario Teachers’ Pension Plan Board, which focuses on late-stage venture and growth equity investments in companies that use disruptive technology. Existing ComplyAdvantage investors Index Ventures and Balderton Capital also participated in the round.

“Ontario Teachers’ deep experience and credibility with global financial institutions made them a natural choice to lead the round,” said Charles Delingpole, Founder and CEO of ComplyAdvantage. “Ontario Teachers’ takes a long view of investing that is genuinely aligned with our own vision at ComplyAdvantage to transform how companies mitigate risk. This funding allows us to accelerate the development of our industry-leading data and suite of products to serve institutions with diverse clients and complex risk exposure.”

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