The GRC Software has over 5K+ startups that comprise of companies that providing software solutions for governance, risk management and compliance to achieve organizational objectives by addressing uncertainty and acting with integrity to meet regulatory mandates. Companies that develop sector-specific or sector-agnostic software for governance, risk management and compliance that is hosted either on-premise or delivered as a cloud service.
GRC Software sector is one of the most active sectors for investors, with an overall funding of USD 28.7B in 1.57K companies. It is also interesting to note that more than one third of the funding has been raised in the last 3 years (2019-2021).
Y Combinator, Insight Partners, Battery Ventures, New Enterprise Associates, Techstars are amongst the most active investors in this sector, by number of investments.
IT compliance, banking & finance, business continuity, data governance, AML & CTF are some of the top business models attracting major funding.
We, at Tracxn, keep a track of the latest happenings in the world of startups and their associated ecosystems – including venture capital funds, private equity funds and investment banks amongst others.
In this edition, we have the ‘GRC Software startups 2022’ – a curated list of the most promising startups leading the GRC Software industry, from across the globe.