EncompaaS in $14 Mn cap raise, targets global growth

Sydney 8 October 2021: Enterprise compliance SaaS provider EncompaaS has completed a $14 million capital raise led by CVC Emerging Companies, Future Now Capital, and Marshall Investments. The SaaS entrant will now further develop and take its suite of cloud-based enterprise content management and compliance products to global markets.  

EncompaaS is a rapidly emerging SaaS compliance platform that delivers intelligent, automated information governance across on-premises and cloud content repositories and cloud application services. 

EncompasS CEO Jesse Todd said, “Organisations are under enormous pressure to meet complex regulatory requirements for managing content appropriately. Hybrid working environments driven by COVID are exacerbating this risk with more content being created in cloud collaboration tools than ever before. Understandably boards are increasingly concerned about their ability to demonstrate appropriate compliance to both regulators and their customers, and potentially putting their licence to operate at risk.”   

“Utilising AI & machine learning the EncompaaS platform takes a unique approach to identify, visualise and manage key compliance risks across the enterprise at scale. This allows executives and boards to demonstrably prove that they are responding rapidly and responsibly, while protecting their organisations.”

The need to manage vast amounts of content under increased regulatory pressure has created an excellent growth opportunity for EncompaaS. This investment round will underpin our scaleup strategy, increase our international sales presence and fund further product development, Jesse Todd said.

EncompaaS was recently awarded significant contracts from one of Australia’s top five banks and a large NSW Government department, and has a strong global pipeline.  The company has also established offices in the UK and US, recently adding a major European bank to its client list. 

EncompaaS is the third investment for the CVC Emerging Companies Fund II and represents an excellent example of the type of opportunity the fund was established to target – growing, innovative companies operating as leaders in their markets, investing alongside motivated, aligned, high-quality founders and investment partners.   

The investment is the fifth portfolio company in the last nine months for the Microsoft-aligned Future Now Capital’s Fund I. Future Now will work with EncompaaS to lift the company’s presence within the Microsoft ecosystem and leverage Microsoft’s powerful co-sell programs. EncompaaS has been approved by Microsoft to run on Azure and is available in the AppSource and Azure Marketplace. 

EncompaaS represents Marshall Investments fourteenth venture debt deal. Marshall intends to grow its investment significantly over the next two to three years as EncompaaS executes its global growth strategy.

About Encompass 

EncompaaS is a SaaS compliance platform that delivers intelligent, automated information governance across on-premises and cloud content repositories and cloud application services. EncompaaS enables better understanding and management of enterprise content, rapid adoption of new cloud solutions, digital workplace innovation without risk and informed business decision. 

By enabling automated, transparent governance across cloud services and on-premises content repositories, EncompaaS builds a governance bridge from the on-premises world to the cloud, ensuring that the adoption of cloud services meets regulatory requirements. 

EncompaaS allows enterprises to undertake the transition to the digital workplace quickly, safely and — above all — compliantly, bringing all the benefits of enhanced productivity into the here and now. 

www.encompass.cloud

About CVC Emerging Companies Fund II 

CVC Emerging Companies is a specialist investment manager established to invest in high quality, typically founder-led and primarily unlisted expansion stage companies and assist them in achieving a material liquidity event. The CVC Emerging Companies Fund II has been launched off the back of the CVC Emerging Companies Fund I which was established in May 2019 and is now fully invested. CVC Emerging Companies was established by Christian Jensen and Jonathan Pearce, who have a strong track record and extensive networks accessing companies seeking private and pre-IPO funding. 

www.emergingcompanies.com.au

About Future Now Capital and the FNV Fund I 

Future Now Capital is a specialised investment manager focusing on fast growth companies that develop cloud, mobile and enterprise technology services.  

In 2019 Future Now Capital executed a world first partnership with Microsoft that sees a unique vehicle, the FNV Fund I, give third party investors direct exposure to companies selected for Microsoft’s accelerated growth programs. Future Now Capital oversees the Fund’s investments into, and the growth strategies of, portfolio companies.  

Future Now Capital was borne out of Future Now Ventures, a technology sector focused venture capital company established in 2013 by Australians John Orrock and Chris Lee, who have a successful track record growing and monetising cloud related businesses across the world.  www.futurenowcapital.com

About Marshall Investments 

Marshall Investments is a leading private investment company that is renowned for consistently delivering superior risk-weighted returns. Since its establishment in 1995, Marshall Investments has been creating long-term wealth for all stakeholders. This has been achieved through principal investing and a successful co-investment model whereby the company has significant holdings in all opportunities. 

www.marshall.com.au 

Enquiries:  Hugh Fraser T/WA: 0412 677 081 E: [email protected]om