Azimuth GRC closes Series A with investment from Detroit Venture Partners
JACKSONVILLE, Fla., Nov. 10, 2021 / PRNewswire / – Azimut GRC, a pioneer in compliance automation, today announced Detroit Venture Partners joined his Series A, bringing the total round to $ 6.3 million.
Detroit Venture Partners is the venture capital arm of Rock Ventures, a for-profit organization that is made up of nearly 100 separate companies spanning fintech, sports, entertainment, real estate, startups and more.
âAzimuth’s VALIDATOR product simplifies compliance with automated testing across the population, reducing cumbersome manual compliance activities to have an immediate impact in the mortgage and lending space. We are delighted to partner with Rohin and the Azimut team as they drive the much-needed innovation regulatory technology space, âsaid Jared Stasik, Partner at Detroit Venture Partners.
The complete DVP investment company series A, directed by MosaÃ¯k partners. The funds will help fuel the growth of the Azimuth team, product line and go-to-market efforts. Azimuth GRC is the first and only company to codify all state and federal laws on one platform and link them directly to controls.
â2021 has been our year – from bringing in investors with RegTech and Mortgage expertise to securing new office space and expected revenue growth of 300%,â said Rohin Tagra, founder and CEO of Azimut GRC. âEliminating the arduous manual processes typically required for regulatory compliance is our mission, and this capital helps us do it faster. “
To learn more about Azimuth GRC, visit AzimuthGRC.com.
About Azimut GRCAzimut GRC revolutionizes the world of regulatory compliance by being the first and only company to codify every state and federal law on a single platform, changing the culture of compliance by taking the manual compliance work done on paper spreadsheets and by automating it. Led by Founder and CEO Rohin Tagra, Azimuth GRC is the only company bold enough to offer VALIDATOR, software that provides daily automated testing of an entire portfolio to determine compliance with all applicable laws and regulations.
About Detroit Venture PartnersSince 2010, Detroit Venture Partners has been committed to supporting and building early-stage technology companies that we believe are moving the world forward. DVP was founded by Dan Gilbert, Founder and Chairman of Rocket Mortgage, with a vision to grow the entrepreneurial community of Detroit. We partner with visionary founders and help our portfolio companies succeed by leveraging over 100 companies in the Rock family including Rocket Mortgage, Cleveland Cavaliers, Bedrock and StockX.
Media contactEmylee Eyler [email protected]
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SOURCE Azimut GRC