Today Denver-based startup Convercent is jumping into the enterprise compliance and regulatory space, launching out of public beta and announcing it has raised $10.2 million in funding from Azure Capital Partners, City National Bank, and existing investor Mantucket Partners. Rather than focusing on employee progress reports like 15Five and other enterprise reporting tools, Convercent is focusing more on compliance and governance, letting employees report issues like financial and auditing concerns, harassment, theft, and other issues, either anonymously or with their name attached.
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