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Radar · GRC Software in Minnesota

Best GRC Software Companies in Minnesota, United States

The 36 best GRC Software companies in Minnesota, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Flywheel.

36companies tracked
$264.5Mdisclosed funding
0unicorns
14have raised
FLIAR INTELLIGENCE · GRC SOFTWARE × MINNESOTA

Our analysis of 50 GRC Software companies

$4.6b in tracked funding; 98% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.

50companies analysed
98%cloud-native stacks
2025funding peak (by rounds)
7unicorns
2019median founding year
112kcombined LinkedIn audience
87%of audience held by top 3

Ranked: Best GRC Software companies in Minnesota

#CompanyLast roundDisclosed fundingEmployeesFoundedFounderTech stackPatents & IP focusRecent signals
1Convey
Tax information and compliance software
——1331986John Graves
Co-Founder & Chairman
—48 patents
AI-powered logistics platform for real-time shipment tracking, exception handling, and carrier scheduling
—
2Corvex Connected Worker
Cloud-based workforce safety management platform for the manufacturing industry
———2016Joe O'Brien
Founder
———
3GovDocs
Online HRMS platform for compliance management
——60
60 → 82 (+37%)
1999—WordPress Block EditorBeaver BuilderWordPress+29——
4GroundCloud
Cloud based compliance management solutions for logistics contractors
——51
51 → 27 (-47%)
2016—WordPressApple iCloud MailMySQL+31——
5Intradyn
Cloud-based regulatory compliance management software provider
——172001Adnan Olia
Founder & CEO
WordPressMySQLPHP+23——
6IPDataLab
Provider of a platform offering metadata management solutions
———2019Ulrike Biedermann
Co-Founder || Sales Director
———
7Kevari
Platform offering fraud identification management solutions
——182003————
8Konfya
Cloud-based workforce health and safety management software provider
———2020Carlos Moncayo
Co-Founder & CEO
———

Top 12 GRC Software companies in Minnesota

#1
Series D · Minneapolis, Minnesota · founded 2015 · 160 employees
$110Mraised
▾

Cloud based data research platform. It is a data research platform provider for the healthcare industry. It provides a platform for data capture, analysis, and research sharing. It also provides a platform for researchers to help in data capture, analysis, and research sharing. It allows data migration for importing data into its systems and combining data from multiple data sets.

Fliar Intelligence Index™ 80how this company ranks against its industry peers
Funding
top 14%
AI
top 20%
Product
top 21%
Moat
top 31%
Innovation
top 32%
Tech
top 33%
Funding: Raised $110M across 10 rounds · 10 rounds over 8 yrs (1.2/yr) · Last round Series D (Dec 2025)
AI: Classified as an AI company
Product: 4 distinct product lines · Company stage: Series D
Audience (LinkedIn): 8k LinkedIn followers — 7.0% of this cohort's audience
Activity (LinkedIn): 1 partnerships (incl. AWS HealthImaging) announced in 12 mo
Funding rounds
  • Dec 2025Series D$27.5M
  • Oct 2025Series D$2.3M
  • May 2025Grant (prize money)$8.7M
  • Dec 2024Series D$20M
Founders & team
Gunnar SchaeferCo-FounderTroy KopischkeCo-Founder
Investors
8VC, Argonautic, dRx Capital, iSelect Fund, Beringea, Alumni Ventures
Tech stack
AccessibeBackbone.JsBootstrapCloudflareCloudflare Bot ManagementCookiefirst
#2
Seed · Minneapolis, Minnesota · founded 2023
$2.6Mraised
▾

Sustainability compliance platform for businesses. The platform provides a solution for organizations to manage sustainability reporting requirements, supporting environmental and social responsibility goals. It streamlines the process of meeting the increasing sustainability reporting requirements for businesses. It aggregates sustainability requirements and identifies risks and opportunities.

Funding rounds
  • Nov 2024Seed$2.6M
Founders & team
Eric DaytonCo-Founder & CEODan LindquistCo-Founder & CTO
Investors
York IE, Better Ventures
#3
Series B · Minneapolis, Minnesota · founded 2015 · 12 employees
$63.7Mraised
▾

Developer of supply chain management platform providing quality and risk solutions. The platform offers features for responsible sourcing, compliance, traceability, and production management. It facilitates supply chain network management, supporting data-driven insights and operational efficiencies. The platform aims to digitize and connect supply chain processes, enabling analysis and scalability. It offers tools for risk assessments and recommendations.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 82k LinkedIn followers — 73.0% of this cohort's audience
Activity: 1 product launches · 1 awards announced in 12 mo
Funding rounds
  • Jan 2022Series B$50M
  • Jul 2018Series A$10M
  • Jan 2017Series A$3.7M
  • Jun 2016Seed—
Founders & team
Carlos MoncayoCo-Founder & ChairmanDavid KleinCo-Founder & PresidentFernando CastilloCofounder / Managing Director
Investors
Insight Partners, Techstars, Flexport, Ecolab, Matchstick Ventures, Target
Tech stack
6SenseAdrollAdroll Cmp SystemAmazon SesAmazon Web ServicesAnt Design
#4
Acqui-Hired · Minneapolis, Minnesota · founded 2008 · 630 employees
$45Mraised
▾

Cloud-based solution for energy and sustainability management. It provides energy and sustainability professionals information to analyze, track, report, and execute cost-saving measures from water management, waste management, and other segments. Its platform compiles compliance requirements, efficiency targets, and operational improvements reports for measuring the effect of the measures on sustainability.

Funding rounds
  • May 2011Series C$25M
  • Sep 2009Series B$14M
  • May 2009Series A$6M
Investors
Kleiner Perkins, Nth Power, Icon Ventures, ETV, Focus Ventures, Navitas Capital
#5
Acquired · Minnetonka, Minnesota · founded 1994 · 140 employees
$25Mraised
▾

Transportation technology solutions provider revolutionizing supply chain and logistics. They connect data and people to accelerate transportation operations. The company offers a comprehensive suite of software solutions for transportation management, asset and fleet maintenance, routing and optimization, tracking and visibility, freight sourcing, and safety and compliance. These solutions cater to carriers, shippers, brokers, and service centers in industries like food and beverage. They empower customers to enhance their operations and supply chains, achieving a tangible return on investment. The company provides tools for streamlining operations, improving visibility, maximizing profitability, and increasing capacity. They offer solutions like transportation management systems (TMS), fleet maintenance software, routing and optimization tools, commercial navigation systems, and freight sourcing technology. They are a trusted technology partner, building a supply chain logistics platform that sets a new standard for the industry. They offer cloud based solutions, subscription, software, SaaS, AI powered solutions.

Funding rounds
  • 2000Series A$25M
Founders & team
Ron KoneznyFounder
Investors
Norwest Equity Partners
#6
Seed · Minnetonka, Minnesota · founded 2017
$470Kraised
▾

Provider of a platform for vendor risk management in regulated industries. The platform offers tools for assessment, monitoring, extraction, verification, sharing, and response. It facilitates automated risk assessments and continuous monitoring of attack surfaces. The platform extracts usable intelligence and verifies each vendor’s security profile. It aims to provide a real-time view of vendor risk.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 2k LinkedIn followers · 13 engagements/post (1.7× cohort median)
Funding rounds
  • Nov 2023Seed—
  • Jul 2018Seed$470K
Founders & team
Dan GardnerCo-Founder & Chief Information OfficerGaurav GaurCo-Founder & CTOMike KellyChief Executive Officer
Investors
Techstars, Target, Orlando Health, Waterline Ventures, Matchstick Ventures
#7
Acqui-Hired · Plymouth, Minnesota · founded 1997 · 230 employees
$10Mraised
▾

Provider of solutions for governance, risk and compliance (GRC). The company is the software vendor which provides solutions for financial controls management, internal audit, operational risk management, compliance, IT governance, and enterprise risk management.

Investors
Insight Partners
#8
Early Stage · Minneapolis, Minnesota · founded 2000 · 5 employees
$3.1Mraised
▾

Medicom health interactive provides saas-based software solution for consumers and health care providers to manage health risk based on symptoms and activities. Products are Evalia Personal health profilers (engage at-risk patients), Evalia Self-care planners (track symptoms, monitor conditions & change behaviors to improve health) and Evalia management portal (customize, analyze and report). It serves more than 400 hospitals and clinics in more than 80 of the leading health care systems.

Funding rounds
  • Oct 2017Unattributed$106.9K
  • Dec 2015Unattributed$3M
Tech stack
HstsCloudflare
#9
Seed · Minneapolis, Minnesota · founded 2010
$2Mraised
▾

Platform for risk management solutions for businesses

Funding rounds
  • Jul 2015Conventional Debt$200K
  • Feb 2014Seed$700K
  • Feb 2013Seed$1.1M
Founders & team
Lori FrankPresident & CEO
Investors
Omphalos Ventures
#10
Acquired · Minneapolis, Minnesota · founded 2012 · 87 employees
$2Mraised
▾

Health E(fx) offers cloud-based Affordable Care Act (ACA) tracking, compliance, and medical benefits analytics by human resource executives. Many of the largest national employers across restaurant and foodservice, grocery, staffing, hospital, and medical services, consumer goods retail, transportation, hospitality, entertainment, and other affected industries have chosen Health E(fx).

Funding rounds
  • Apr 2013Seed$2M
Tech stack
LiferayJavaChart.JsBootstrapCloudflareJquery
#11
Seed · Bloomington, Minnesota · founded 2023
$20Kraised
▾

AI powered compliance software for businesses. It helps businesses automate the compliance journey from start to inspection ready. It supports clients in meeting industry requirements and maintaining standards of quality and compliance. It also helps businesses comply with regulatory requirements by providing quality assurance and regulatory affairs consulting services for virtual, operating, and contract manufacturing firms in the care economy.

Funding rounds
  • Mar 2024Seed$20K
Founders & team
Idris MohamedFounder & CEODhaha NurCEO
Investors
Techstars
Tech stack
AstroBootstrapCdnjsCloudflareCloudflare Bot ManagementCore-Js
#12
Seed · Minneapolis, Minnesota · founded 2017 · 11 employees
$470Kraised
▾

Developer of a vendor risk assessment platform designed to simplify and accelerate the enterprise risk management process. The company's platform replaces spreadsheets and emails with AI-powered interactive questionnaires, process tracking, notifications, alerting, data-driven dashboards and risk metrics, enabling clients to quickly and comprehensively assess the organization's overall risk profile, both internally and externally.

Founders & team
Dan GardnerCo-FounderGaurav GaurCo-Founder
Investors
Techstars, Target, Waterline Ventures, Matchstick Ventures
Tech stack
WordpressMysqlPhpParticles.JsAnimate.CssDivi

Funding & investor landscape

$264.5Mtotal disclosed funding
14companies funded
28disclosed rounds
0rounds last 90 days
Most active investors
Techstars5 rounds
Matchstick Ventures3 rounds
Target3 rounds
Insight Partners2 rounds
Waterline Ventures2 rounds
York IE2 rounds
8VC1 rounds
Alumni Ventures1 rounds
Argonautic1 rounds
Beringea1 rounds

Notable founders

Gunnar Schaefer
Co-Founder · Flywheel
Troy Kopischke
Co-Founder · Flywheel
Eric Dayton
Co-Founder & CEO · Cold Climate
Dan Lindquist
Co-Founder & CTO · Cold Climate
Carlos Moncayo
Co-Founder & Chairman · Inspectorio
David Klein
Co-Founder & President · Inspectorio
Ron Konezny
Founder · PeopleNet
Dan Gardner
Co-Founder & Chief Information Officer · Perimeter
Gaurav Gaur
Co-Founder & CTO · Perimeter
Lori Frank
President & CEO · Argos Risk
Idris Mohamed
Founder & CEO · Complya
Dhaha Nur
CEO · Complya
Prism market signals · United States · country-scoped Prism corpus, 699,117 docs

Market landscape — 10 sub-themes by coverage

Share of GRC Software coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH SIGNALS · United States

How research on Regtech & Compliance is moving in the United States

A read on the academic research around Regtech & Compliance — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 1,181 United States-affiliated papers.

research sentiment over time
200820182026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and intensifying — the enthusiastic (strongly-positive) share moved 31% → 58% across 2008–2026.
top research entities
  • Film Independent53
  • Florida Atlantic University36
  • University of the Cumberlands33
  • Arizona State University33
  • University of Wisconsin–Madison29
leading researchers
Taghi M. Khoshgoftaar · Xie, Lulu · Goel, Rajeev · Wang, Yancheng · Guan, Hong · Nag, Soham · Crypto Education Research Lab · MengChu Zhou
▲ Breakthroughs441 · 37%
▲ 31%→39% share
▲1.3× share momentum1 median citations83% since 2021mostly methods-led
Breakthroughs are rising (31%→39% of field), led by Database transaction.
rising sub-themes (early→recent)
  • Database transaction4→70
  • Credit card fraud1→66
  • Computer security10→62
  • Credit card1→52
  • Graph4→43
Newly emergingIdentity (music) 0→25 · Big data 0→24 · Identity theft 0→20
Landmark Opinion Fraud Detection in Online Reviews by Network Effects · 398 cites
◆ Advancements481 · 41%
▲ 30%→42% share
▲1.4× share momentum1 median citations81% since 2021mostly methods-led
Advancements are rising (30%→42% of field), led by Credit card fraud.
rising sub-themes (early→recent)
  • Credit card fraud3→75
  • Credit card4→67
  • Computer security9→66
  • Database transaction8→58
  • Financial fraud3→42
Newly emergingRandom forest 0→44 · Payment 0→27 · Feature (linguistics) 0→27
Landmark Financial Statement Fraud Detection: An Analysis of Statistical and Machine Learning Algorithms · 358 cites
▼ Concerns205 · 17%
▼ 28%→16% share
▼0.6× share momentum0 median citations72% since 2021mostly position pieces
Concerns are cooling (28%→16% of field), led by Key (lock).
rising sub-themes (early→recent)
  • Key (lock)1→21
  • Computer security1→19
  • Context (archaeology)2→20
  • Compliance (psychology)3→18
  • Transparency (behavior)1→14
Newly emergingCredit card fraud 0→13 · Payment 0→12 · Anomaly detection 0→12
Landmark An Experimental Study With Imbalanced Classification Approaches for Credit Card Fraud Detection · 311 cites
RESEARCH HOTSPOTS · United States

Where regtech is researched across United States

Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.

Boston41 · +0.60
Hot · Computer securityAdvancing · Money launderingOpportunity · Artificial neural network
New York41 · +0.55
Hot · GraphAdvancing · World Wide WebOpportunity · Computer securityConcern · Financial transaction
Chicago29 · +0.64
Hot · Health careAdvancing · Anomaly detectionOpportunity · Artificial neural network
Pittsburgh21 · +0.73
Hot · Data miningAdvancing · Data scienceOpportunity · Credit card fraud
Los Angeles19 · +0.57
Hot · Risk managementAdvancing · Credit card fraudOpportunity · Credit card
SF Bay Area15 · +0.52
Advancing · Database transactionOpportunity · Random forest
Atlanta13 · +0.53
Hot · Data miningAdvancing · Computer securityOpportunity · Preprocessor
Ann Arbor11 · +0.67
Advancing · Computer securityOpportunity · Credit card
Seattle9 · +0.53
Hot · Financial fraudOpportunity · Audit
Philadelphia9 · +0.40
Opportunity · Convolutional neural network
PATENT SIGNAL · United States

Who's filing regtech patents in the United States

United States regtech patent filing is accelerating — 968 filings from 550 assignees (2016–2025), led by Capital One Services, Mastercard International, IBM; annual filings 58→90.

968 filings550 assigneespeak 138/yr2016–2025
filing momentum (YoY 2016–2025)
top patent filers
  • Capital One Services78
  • Mastercard International65
  • IBM62
  • Panasonic IP America55
  • FAIR Isaac42
  • VISA INT Service ASS39
  • Wells Fargo BANK NA34
  • Pindrop Security33

Common questions

How many GRC Software companies are there in Minnesota, United States?
Radar tracks 36 indexable GRC Software companies headquartered in Minnesota, United States that meet our profile-completeness bar.
What is the total funding raised by GRC Software companies in Minnesota, United States?
The GRC Software companies in Minnesota, United States on this list have raised a combined $264.5M in disclosed equity funding across 14 funded companies.
Which is the highest-funded GRC Software company in Minnesota, United States?
Flywheel is the highest-funded GRC Software company in Minnesota, United States, with $110M in disclosed equity funding.
How many GRC Software companies in Minnesota, United States are funded?
14 of the 36 GRC Software companies in Minnesota, United States on this list have disclosed at least one equity funding round.
How many GRC Software unicorns are there in Minnesota, United States?
None of the GRC Software companies in Minnesota, United States on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Minnesota, United States GRC Software companies?
The most active investors in Minnesota, United States GRC Software companies on this list include Techstars, Matchstick Ventures, Target, Insight Partners, Waterline Ventures.
Rohit KhannaTrends & Stories

Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.

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