RegTech Vendor Ascent Tech Gets $6M Funding, Adds CME Ventures Vet to Board

The vendor will use the funding to improve its RegTech automation engines and hire more staff.

A briefcase full of cash

Ascent will use the funding to continue improving its automation engines, and also to hire “a significant number of technology and sales staff” and expand its presence in Chicago. The funding round was led by Alsop Louie Partners, an early-stage, San Francisco-based venture capital firm focused on the risk industry, as well as Randall Kroszner, a former governor of the Federal Reserve System, and also includes venture capital firm Temerity Capital Partners, Steve Kaplan of the University of Chic

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