LexComply raises five million from Angel Investors in the shelf
New Delhi [India], Dec 23 (ANI): Delhi based compliance management software startup LexComply has raised half a million rupees pre-series funding from Ex Founder of CX Partners, Ajay Relan along with other Angel Investors.
The funding will be utilized for enhancing technology and marketing solutions to enable business conversions.
LexComply deals in tailored compliance management software for corporate targeting the business's risk areas. The software's are easy to operate on all processes and provide unique features like cloud based storage system, simple UI, and enables ease of doing business.
"We wish to have capital ready as we are up for ramping up the operations, increasing the outreach, automating delivery and development of more GRC Solutions in next one year," said Founder of LexComply, Gaurav Jain.
"Current LexComply have clients in UP, Delhi, Haryana, Punjab, Mumbai and Bangalore. 60 + corporate have already executed 11000+ compliances through LexComply GRC solution," said Gaurav Jain.
"A compliant organization has option to raise funds by way of equity or can grow by way of JV/Collaborations/mergers/acquisitions or by becoming an OEM of large corporate. Lexcomply solutions are tailored compliance program based on the industry type, location, HR constituents and Business process," added Jain.
LexComply enables comprehensive software solution that streamlines the governance, risk, and compliance process for organisations of all sizes and geographic diversity. With products ranging from individual use to corporate usage, you have a highly configurable set of modules that help identify gaps and risks, eliminate duplicate efforts and easily maintain the records needed to demonstrate full control of compliance, risk and audit programs. (ANI)