Funding / Investing / Software

Edison Partners leads $9M Series A for Brooklyn-based compliance firm

Philly firm MissionOG also participated.

At Edison Partners in Princeton. (Photo via Facebook)

Companies like Petrobras and Rolls Royce took major hits last year, both in stock price and reputation, thanks to corruption and bribery scandals. The shared desire to end incidents like these through corporate accountability is what led MissionOG to join a $9 million Series A round raised by compliance management software vendors GAN Integrity.

MissionOG Managing Partner Andy Newcomb explained the Center City firm’s decision to back the Brooklyn-based company in a blog post released Friday.

“Ill-formed and poorly executed policies, combined with a lack of control, education and accountability, weaken companies,” Newcomb said. “The headlines that result from these errors can destroy brands and balance sheets, obliterating shareholder value.”

The funding round was led by Princeton N.J.-based Edison Partners, with capital from MissionOG, NorthCap, Chicago Ventures and Cultivation Capital.

Newcomb declined to disclose the exact amount of MissionOG’s participation in the round, but told the firm was “excited to invest in an experienced team in a market that needs this solution and is ripe for disruption.”

Among MissionOG’s portfolio are a few Philly-based software companies: PeopleLinx, Cloudmine and Cloudamize.

“The confidence shown by our investors in GAN’s vision and platform is extremely gratifying and speaks to the growing demand for our product,” said Thomas Sehested, CEO and cofounder of GAN. “This funding positions us to significantly increase our growth, accelerate our customer deployments and expand the capabilities of our platform.”

Here is Sehested talking about the company’s offering:

Companies: Edison Partners / MissionOG

Before you go...

Please consider supporting to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

3 ways to support our work:
  • Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
  • Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
  • Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
The journalism fund Preferred partners Our services

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!


Here’s how the global tech outage impacted many of the vital systems across the mid-Atlantic region

Inside Philly City Hall’s new $6.85M lighting system, with hundreds of LEDs that dance with color

Why Benefits Data Trust fell apart despite millions from philanthropy and government contracts

Ready to start marketing your startup? 3 crucial questions all founders should ask

Technically Media