# Lockpath

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lockpath

- Industry: Software
- Headquarters: Overland Park, US
- Website: www.lockpath.com
- Total disclosed funding: $8M
- Latest round: Series B (Jul 16, 2012)
- Investors on record: 4

## About

Lockpath, Inc. is a governance, risk, and compliance (GRC) solutions provider that empowers organizations to manage their compliance and risk obligations through innovative software solutions.Lockpath, Inc. specializes in delivering GRC software solutions. The company was acquired by NAVEX Global, Inc. in August 2016, a transaction for which financial terms were not disclosed. Lockpath is headquartered in Overland Park, Kansas, US. The founder's history and previous ventures are not publicly detailed. The company has successfully completed four investment deals, with the latest funding round being a Series B which raised USD 6.00 mn led by El Dorado Ventures, among other investors. The total amount raised by Lockpath is USD 6.00 mn.Lockpath offers a comprehensive suite of governance, risk, and compliance (GRC) solutions designed to assist organizations in managing their risk and compliance obligations effectively. Their primary product, NAVEX One, integrates various functionalities, including risk assessment, whistleblowing and incident management, compliance training, and policy management. This platform facilitates real-time data integration across organizational processes, allowing users to maintain visibility and control over compliance-related tasks. Serving over 13,000 clients globally, including leading companies in sectors such as financial services, healthcare, manufacturing, and higher education, Lockpath's solutions cater to diverse regulatory requirements, including the Foreign Corrupt Practices Act (FCPA) and General Data Protection Regulation (GDPR). Lockpath products are marketed primarily in North America, Europe, and Asia-Pacific regions, ensuring that organizations can effectively navigate the evolving compliance landscape.Lockpath generates revenue through a subscription-based model, providing its clients access to its integrated GRC solutions. The transactions typically involve annual or multi-year contracts, where clients subscribe to NAVEX One and select additional services such as compliance consulting or specialized training modules. Pricing plans are structured to accommodate the varying needs of organizations, allowing clients to tailor their subscriptions based on specific features they require. This business model emphasizes long-term partnerships with clients, ensuring ongoing support and updates for compliance tools. Lockpath’s flagship products, including its whistleblowing platform and compliance training services, form the core of its revenue-generating offerings, reflecting the company’s commitment to enhancing organizational compliance and risk management efforts.Lockpath is focused on developing new products within its GRC suite to enhance client offerings. The specific details regarding upcoming product launches or release dates have not been disclosed. As part of its growth strategy, Lockpath intends to expand into new markets, particularly targeting Europe and Asia-Pacific regions by 2025, leveraging its recent funding. The USD 6.00 mn raised in the Series B funding round will be utilized to support product development and market expansion initiatives.

## Funding rounds

- Series B, Jul 16, 2012, $6M — El Dorado Ventures, Vesbridge Partners, Webb Investment Network
- Series A, Jun 8, 2011, $2M — El Dorado Ventures, Vesbridge Partners, Webb Investment Network
- Seed, Apr 1, 2010 — SV Angel, Webb Investment Network

## Investors

- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Webb Investment Network (https://capitalatlas.ai/funds/webb-investment-network) — Seed, Series A, Series B
- El Dorado Ventures (https://capitalatlas.ai/funds/el-dorado-ventures) — Series A, Series B
- Vesbridge Partners (https://capitalatlas.ai/funds/vesbridge-partners) — Series A, Series B