OTPP leads $50m round for ComplyAdvantage

OTPP has C$207.4bn in net assets through its Teachers’ Innovation Platform, which focuses on late-stage venture and growth equity investments.

Index Ventures and Balderton Capital also took part in the funding round. Index is currently investing from its 10th-generation fund, which closed on $800m in April 2020, while Balderton is currently investing from Balderton Capital VII, which closed on $400m in November 2019.

The company will use the funds to further expansion in US, Europe, and the APAC region, besides working on product offerings.

Previous funding
ComplyAdvantage raised $8.2m in a series-A funding round led by Balderton Capital in 2016.

In January 2019, Index Ventures led a $30m funding round that also saw participation from Balderton Capital and angel investor Ross Mason.

Company
ComplyAdvantage was founded in 2014 and is headquartered in London. It develops risk analysis software to detect financial crime. The company's software uses automation to process data from a variety of sources to build risk profiles for individuals and organisations.

People
Ontario Teachers’ Pension Plan - Olivia Steedman (senior managing director, Teachers’ Innovation Platform).
Index Ventures - Jan Hammer (partner).
ComplyAdvantage - Charles Delingpole (founder, CEO).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• Balderton Capital
• Index Ventures
• Venture