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Print Edition StoriesContinuity Control, a Connecticut developer of on-demand regulatory compliance applications, has raised $1.1 million of an expected $1.36 million offering of convertible promissory notes and warrants, according to a regulatory filing.
The financing is an amendment to a previous offering the company made in September 2010, in which it brought in $750,000.
Continuity makes software-as-a-service to help financial institutions track operations and follow federal regulatory requirements.
Founded in 2008 by CEO Andy Greenawalt, New Haven-based Continuity Control previously operated as Continuity Engine. In its former identity, the company pulled in a $1.5 million funding round that included a $500,000 investment from Connecticut Innovations Inc.
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