RapidRatings

RapidRatings, a New York-based vendor risk management platform founded by Patrick Caragata in 2002, has raised $255 million across three rounds to expand its financial risk analytics. The company secured $21M in Series A funding from LLR Partners (2016), $30M in Series B funding from FTV Capital (2018), and a $200M Series C led by Spectrum Equity and 22C Capital in 2022. This funding supports global expansion, advanced predictive modeling, and product innovation. RapidRatings enables enterprises to evaluate third-party financial health and minimize operational and regulatory risks.