GeoComply has reached a definitive agreement for minority investments led by funds managed by Blackstone Growthand from Atairos.

The partnership which represents the first commitment of institutional capital to the company aims to support GeoComply’s continued growth in its core markets and help accelerate expansion into new verticals.

GeoComply operates at the center of a new generation of cybersecurity companies, leveraging advanced geolocation data to make better risk-based decisions. Working as a critical piece of the infrastructure for some of the world’s largest tech companies, GeoComply has become a global market-leader for compliance-grade geolocation data, which provides an important piece of the risk industries’ decision-making engine.

“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 Anna Sainsbury, Founder and Chairman of GeoComply.

Vishal Amin, a Managing Director at Blackstone Growth, said: “We are deeply proud to have been selected as GeoComply’s first institutional backers and invest in a clear market leader. We believe the company is poised for significant further expansion in the years ahead – particularly given their mission-critical role in delivering compliance software solutions to the fast-growing, global online gaming and sports betting industry. Anna and David have built an incredible business, and we are excited to work closely with them as they look to further increase the company’s already strong leadership position into new markets and opportunities.”

“GeoComply continues to innovate and provide its clients with a first-class, mission critical service,” said Alex Evans, Partner at Atairos. “We are excited to partner with Anna, David and the entire GeoComply management team, and we look forward to leveraging our experience to help the company continue to scale and expand into new verticals.”