Enterprise danger administration software program firm introduced Protecht Group Holdings has raised $42 million in a Sequence A.
California progress fairness agency Arrowroot Capital backed the SaaS firm.
The money injection might be used to speed up new options in Protecht’s merchandise, preserve and develop customer support and continued world enlargement.
Primarily based in Sydney, and based in 1999, the enterprise gives world-class danger administration providers to greater than 300 shoppers throughout the Asia-Pacific Europe and North America. The enterprise additionally has workplaces in London and Santa Monica, USA.
Co-Founder and CEO David Bergmark stated that in an period of ever-increasing danger, regulatory, and compliance pressures, Protecht helps firms improve efficiency and obtain strategic targets by means of higher understanding, monitoring and administration of danger.
“Protecht is grateful to the purchasers who’ve supported us over the previous 20 years and all our workers who’ve helped make this a actuality. We’re excited to announce this subsequent step in our firm’s journey,” he stated .
“By partnering with Arrowroot Capital – a number one investor in B2B software program options primarily based in California – we’ve discovered a group with a shared understanding of the significance of danger administration whereas additionally offering complementary abilities in supporting our progress to new markets and verticals.”
His co-founder, David Tattam, who’s Protecht’s Chief Analysis & Content material Officer, stated that good danger administration permits organisations to attain and exceed their strategic targets extra persistently.
“Our mission has at all times been and stays to alter the way in which the world thinks about danger and deploy progressive danger administration know-how to assist excellence in danger administration. This funding and new partnership will enable us to proceed this mission with added vigour,” he stated.
Arrowroot Capital Principal Matt Klein stated: “Protecht has turn into a worldwide chief in enterprise danger and compliance administration software program and is positioned properly to assist their clients navigate an more and more complicated danger and regulatory setting.”
