Melbourne regtech 6clicks has raised $10 million in a Series A.
The round was led by Centerstone Capital, a specialist VC focused on tech-enabled professional services startups, founded by former Deloitte Global Chief Strategy Officer John Meacock, and Deloitte Global Strategy and Innovation MD Luc Maasdorp. The company’s portfolio also includes RainMakr, WeAre8 and Clear Dynamics.
6 clicks is a AI-powered governance, risk and compliance (GRC) platform for businesses and advisors, founded in 2019 by ex-KPMG partner Ant Stevens and colleague Louis Strauss. It previously raised $5 million in February 2021 and counts former PwC CEO Luke Sayers among its supporters.
The AI framework enables companies to automate the management of their governance, risk and compliance framework, obligations and processes.
The new capital is earmarked for developing the startup’s GRC cyber platform and building its global customer base, partner network, third-party content and apps.
Stevens, the company’s CEO, said: 6clicks saw strong growth over the 12 months, quadrupling to over 3,000 users and 80 partners.
“Risk management is obviously critical to businesses, and the complexity and burden of compliance means businesses need software that is easy to use,” he said.
“It’s such an exciting time. Our business has quadrupled in the past year and there are millions of companies and advisors we can support with our next-generation GRC platform.”
Stevens said: 6clicks can be deployed within hours within organizations instead of months or years it can take with competitors, and companies can implement GRC capabilities in minutes for distributed teams, business functions or operational entities, making it easy and cost-effective for organizations with multiple entities.
“Risk management is obviously critical to businesses, and the complexity and burden of compliance means businesses need software that is easy to use,” he said.
“It’s such an exciting time. Our business has quadrupled in the past year and there are millions of companies and advisors we can support with our next-generation GRC platform.”
John Meacock of Centerstone Capital, joining the 6clicks board. Its co-founder, Luc Maasdorp, said: “Professional service providers are increasingly trying to differentiate their offerings through the use of technology, and in that light we believe 6clicks is uniquely positioned to transform the way GRC services are delivered.”
