Geolocation service provider GeoComply has today announced that private equity businesses Blackstone Growth (Blackstone) and Atairos will each invest in the company.
The deal represents GeoComply’s first commitment of institutional capital, which will aid with the company’s growth moving forward. The supplier did not reveal the size of the investment.
“Our mission at GeoComply is to empower the future of Digital Trust, and with Blackstone and Atairos as investors, we are taking a material leap forward to make it a reality,” said GeoComply founder and chairman Anna Sainsbury.
Read the full story on iGB North America.