LogicGate raises $8.75 mn

LogicGate, a provider of cloud software solutions for automating governance, risk, and compliance (GRC) processes through its Risk Cloud platform, has raised $8.75 million in growth capital from Greenspring Associates and Silicon Valley Bank.
VC funding in technology cosLogicGate has raised more than $40 million in total funding.

LogicGate will use funds for partner and customer advancements in the form of a new GRC ecosystem for customers, partners and prospects to explore all Risk Cloud offerings and create their ideal risk program. The funding will also fuel LogicGate’s expansion in Europe.