Assent Compliance Inc. (Assent), a leader in supply chain sustainability management, announced today that it has raised USD350 million in a funding round led by Vista Equity Partners (Vista), a global investment firm focused exclusively on enterprise software, data and technology-enabled businesses.
This is one of the largest raises in Canadian software company history and establishes Assent in unicorn status, valued at more than USD1 billion.
Vista’s Foundation Fund, which invests in middle-market companies seeking to scale and accelerate their growth trajectory, led the investment. Vista’s Patrick Severson, co-head of the Vista Foundation Fund, and Jake Hodgman, managing director of the Foundation Fund, will join the Assent Board of Directors.
Volition Capital, First Ascent Ventures and StepStone Group remain investors in the company, while Assent’s founders and leadership team also retain an ownership stake.
