US GP invests $30m in Australia's Protecht

Founded in 1999, Protecht claims to provide governance, risk, and compliance software-as-a-service products that help more than 300 clients globally “move away from spreadsheets and email to a more efficient and effective way to manage risk.”

The company’s flagship product, Protecht ERM, covers training, advisory, regulation, and auditing services. Target industries span government, financial services, retail, transport, not-for-profit, property management, gaming and entertainment, and education.

The funding, billed as a Series A investment, will be used to accelerate the delivery of new features in existing products, expand the service offering, and acquire additional resources to support a global expansion. The Sydney-headquartered company currently has bases in the UK and the US.

“Protecht has become a global leader in enterprise risk and compliance management software and is positioned well to help their customers navigate an increasingly complex risk and regulatory environment,” Matt Klein, a principal at Arrowroot, said in a statement.

Arrowroot is a B2B software specialist that has made more than 25 minority, majority, and buyout investments since its inception in 2014. The firm has identified a later-stage funding gap in Australia, with previous deals in the country including Fluent Commerce and HammerTech. It operates via offices in Miami and Santa Monica, also the seat of US operations for Protecht.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Australasia
• Expansion
• Technology
• Advisory
• Australia
• enterprise software
• regulation