Sydney, Australia – 11 October, 2023 – We are delighted to announce that Protecht has secured a significant investment of USD $12 million from MARS Growth Capital. This strategic funding will bolster Protecht's ongoing global expansion efforts, particularly in its core markets: the USA, EMEA, and Australia.
Since raising USD $30 million in a Series A investment from Arrowroot Capital in February 2022, we have successfully entered the US market, secured customers in our primary target market of financial services, and expanded our EMEA operation. Additionally, we've expanded the use cases for our flagship product Protecht ERM to better address the needs of our customer in the areas of operational resilience and vendor risk management.
This next investment will enable Protecht to execute further on delivering new and exciting features for Protecht ERM, maintain and expand a high level of service to our customers, and acquire additional resources to support Protecht’s continued global expansion.
David Bergmark, CEO of Protecht, expressed his enthusiasm: "At Protecht, our primary mission is to guide our clients on their enterprise risk journey through our innovative software and thought leadership. This collaboration with MARS Growth Capital amplifies our commitment, allowing us to further invest in Protecht ERM and our talented team as we continue our global outreach."
"We are on a mission to redefine global perspectives on risk. This partnership with MARS Growth Capital aligns with our vision, emphasizing innovative risk management technology and offering scalable risk management education through Protecht Academy," says David Tattam, Co-Founder and Chief Research & Content Officer at Protecht.
"We were particularly impressed with Protecht's robust customer relationships and exceptional customer retention rates. These are strong indicators of long-term profitability and were pivotal in our decision to provide non-dilutive financing to support Protecht's international growth ambitions," says Ryutaro Hiroshima, co-CEO of MARS Growth Capital.
While others fear risk, we embrace it. Headquartered in Sydney, Australia with offices in London and Los Angeles, Protecht redefines the way people think about risk management. We help companies increase performance and achieve strategic objectives through better understanding, monitoring and management of risk.
Protecht provides a complete solution comprised of world class risk management, compliance, training and advisory services to businesses, regulators and governments across the world. With our flagship Protecht ERM SaaS platform you can dynamically manage all your risks in a single place: risks, compliance, incidents, KRIs, vendor risk, IT and cyber risk, internal audit, operational resilience, business continuity management, and health & safety.
About MARS Growth Capital
MARS Growth Capital, established in 2021, is a powerful joint venture between Liquidity Group, the world's largest AI-driven financial asset management firm, and Mitsubishi UFJ Financial Group, Inc. (MUFG), boasting over $1.5B in assets under management. This collaboration seamlessly merges MUFG's financial prowess with Liquidity Group's cutting-edge decision-science technology.