Toronto’s Resolver, a provider of risk and incident management software, has secured an incremental $4 million growth equity investment from its existing investor, Klass Capital.
This brings Klass’ total capital investment in Resolver to $18 million. The additional capital will enable Resolver to accelerate its product plans and continue to enhance its SaaS-based integrated risk offerings.
“Our company’s mission statement of transforming how companies think about risk is validated each time we speak to customers,” states Will Anderson, CEO of Resolver.
RELATED: Resolver is hiring in Toronto
“This subsequent round of funding from our existing investors, primarily Klass Capital, will allow us to accelerate our product road-map and go to market quickly with new application areas for existing customers and offer new customers more ways to manage issues related to risk in their organization.”
“As an indicator of market acceptance of our product offerings, Resolver achieved strong organic growth in 2015,” states Stephanie Ratza, CFO of Resolver. “This in a year where we have also completed integrations of the two newly acquired entities.”
“We are impressed with the team’s performance over the past six months,” states Daniel Klass, President of Klass. “In a relatively short period of time, Resolver has managed to increase the growth trajectory of the business, build a high performing culture, and deliver on their product vision.”