Clonect
Latest round
- Series A
Last raised
- Nov 2016
Total raised
- $0.6M
Investors
- 2
About Clonect
Clonect is a technology company focused on delivering Governance, Risk, and Compliance solutions. The company was established with a vision to simplify compliance processes for businesses.36 mn.Clonect offers a comprehensive suite of Governance, Risk, and Compliance (GRC) solutions tailored to meet the compliance needs of mid to large corporations. Its core products include the Compliance Management System (CMS), Audit Management System (AMS), and Labour Compliance Services (LCS). The CMS provides a customizable platform for managing compliance processes, while the AMS digitizes vendor audits with tailored checklists.Clonect operates on a subscription-based revenue model, where clients enter into annual or multi-year contracts for its GRC solutions. The company caters primarily to medium to large enterprises, enhancing their operational efficiency through its offerings. Revenue is generated from subscriptions to the CMS, AMS, and LCS, with options for additional fee-based services such as compliance consultations and audits.61 mn, the company plans to invest in the development of new products aimed at enhancing its GRC offerings. There are ambitions to expand into additional geographic markets beyond India, targeting specific industries and sectors, though exact regions and timelines have not been disclosed. The recent investment will be utilized to support these product development initiatives and market expansion efforts.
Who invested in Clonect
2 investors across 1 round
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Funding rounds
Series A
Nov 25, 2016
Amount
$0.6M
Investors
Questions about Clonect
Who invested in Clonect?
Clonect has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Clonect raised?
Clonect has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Clonect last raise money?
Clonect's most recent round on record is a Series A, in Nov 2016.
What does Clonect do?
Clonect is a technology company focused on delivering Governance, Risk, and Compliance solutions.
Where is Clonect headquartered?
Clonect is headquartered in Bangalore, India.
Which VCs invest in companies like Clonect?
Among active investors with capital left to deploy, Yufu Capital, ICBC Capital Management, Ningbo Tongshang Fund and Boc Private Equity Firm back software companies at Clonect's stage. Their profiles are linked below.
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