Dot Compliance, a Phoenix, AZ- and Rehovot, Israel-based ready-to-use quality and compliance platform company, today announced it has raised $23 million in Series B funding
The round was led by Israel Growth Partners (IGP) with participation from existing investors Vertex Ventures, and TPY Capital.
The fund will be used to continue accelerating hypergrowth driven by demand for its quality management system (QMS).
Company: Dot Compliance Ltd.
Raised: $23.0 M
Round: Series B
Funding Month: July 2022
Lead Investors: Israel Growth Partners
Additional Investors: Vertex Ventures, and TPY Capital
Company Website: https://www.dotcompliance.com/
Software Category: Compliance
About the Company: Founded in 2015, Dot Compliance offers the industry's first ready-to-use Quality Management System powered by the Salesforce.com platform. The Dot Compliance Suite includes an extensive set of off-the-shelf ready QMS and compliance pre-configured best practice processes, enabling customers to deploy quickly and cost-effectively. The company's solutions are trusted by life sciences companies, both large and small, worldwide with more than 200,000 users. The solutions are fully compliant with 21 CFR part 11, EU-Annex 11, and support ISO 9001, 13485, 14791, and 27001.
Source: https://www.prnewswire.com/news-releases/dot-compliance-raises-23-million-in-series-b-funding-to-ensure-life-science-companies-deliver-life-saving-products-faster-safer-and-more-efficiently-301589914.html