Docupace Technologies LLC has raised USD16.5 million in capital from Palisades Growth Capital and TVC Capital, the company said.
The company said the funds are intended to be used to fuel the company´s long-term growth plans. Paul D´Addario from Palisades Growth Capital and Jeb Spencer from TVC Capital will join the Docupace board of directors.
The financing will assist Docupace in implementing the company´s core cyber-secure, paperless and compliant straight-through processing for financial services firms. Docupace will also continue to implement services that include cyber security services, alternative investment processing, and compliant and paperless advisor transition processing.
TVC Capital is a San Diego-based growth equity firm focused on software investments and acquisitions, and Palisades Growth Capital is a growth stage technology investment firm based in Los Angeles.
Docupace Technologies is a leading financial tech, digital compliance and cyber security company.