Assent provides cloud-based solutions that enable manufacturers to monitor, assess, and manage supplier compliance across complex global supply chains. Its platform supports indirect supplier monitoring, sustainability reporting, trade compliance, and supplier engagement.
The company works with large manufacturers across regulated industries such as automotive, electronics, aerospace, and medical devices.
What Is Assent and What Does It Do?
Assent, founded in 2010, is an Ottawa-based (Canada) supply chain software company.
The company develops web-based sustainability and compliance management solutions that help manufacturers identify risk, ensure regulatory adherence, and improve supplier transparency across global supply networks.
Assent employs approximately 1,000 employees, supporting enterprise customers worldwide.
How Much Funding Has Assent Raised?
1. Series A
- Amount Raised: $15.9M
- Lead Investors: Volition Capital, First Ascent Ventures, BDC, Royal Bank of Canada
- Motivation: To scale product development and expand early enterprise adoption.
2. Series B (Round 1)
- Amount Raised: $31.4M
- Lead Investors: Greenspring Associates, Volition Capital, First Ascent Ventures, BDC, National Research Council Canada, Royal Bank of Canada
- Motivation: To grow enterprise customer base and enhance compliance automation.
3. Series B (Extension)
- Amount Raised: $50K
- Motivation: Strategic capital extension for operational continuity.
4. Series C
- Amount Raised: $99.2M
- Lead Investors: Warburg Pincus, First Ascent Ventures
- Motivation: To accelerate global expansion and strengthen sustainability intelligence capabilities.
5. Series D
- Amount Raised: $350M
- Lead Investors: Vista Equity Partners
- Motivation: To scale the platform globally, expand ESG solutions, and establish market leadership.
Total Funding Raised: $497 Million
Current Valuation: $1 Billion (as of Jan 2022)
Latest Funding Date: January, 2022
Key Investors
1. Vista Equity Partners
- Details: Global investment firm specializing in enterprise software and data-driven businesses.
- Investment Focus Areas: Enterprise software, SaaS, data platforms.
- Notable Investments: Assent, Mindbody, Avalara, Marketo.
2. Greenspring Associates
- Details: Growth equity firm investing in high-performing technology companies.
- Investment Focus Areas: SaaS, fintech, enterprise technology.
- Notable Investments: Assent, Databricks, UiPath.
Where Is Assent’s Headquarters?
Assent is headquartered in Ottawa, Canada, with a growing international presence supporting manufacturers across North America, Europe, and Asia.
What’s Next for Assent?
Assent is positioned to benefit from rising global regulatory pressure around ESG, sustainability reporting, and supply chain transparency. The company is expected to deepen its AI-driven risk intelligence, expand supplier data coverage, and increase penetration within highly regulated manufacturing industries.
Get Investor & Funding Insights with TexAu
TexAu helps sales and business teams uncover detailed fundraising information on companies like Assent. Use the platform to research investors, track funding rounds, and gather actionable insights to strengthen prospecting and business strategy.
Sign Up for Free on TexAu and start uncovering detailed funding insights that give your business a competitive edge.