Risk and compliance management startup 6clicks banks $10 million Series A

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 startups for the professional services industry, founded by former Deloitte global chief strategy officer John Meacock, and Deloitte global strategy and innovation MD Luc Maasdorp. The firm’s portfolio also includes RainMakr, WeAre8 and Clear Dynamics.

6clicks is an AI-powered GRC (governance, risk and compliance) 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 backers.

Its AI framework allows companies to automate the management of their governance, risk and compliance framework, obligations and processes.

The new capital is earmarked for developed the startup’s GRC cyber platform, and build its worldwide customer base, partner network, content and third-party 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 for businesses, and the complexity and burden of  compliance mean companies need software that’s easy to use,” he said. 

“It’s such an exciting time. Our business has quadrupled in the last year,  and there are millions of businesses and advisors we can support with our next-generation  GRC platform.” 

Stevens said 6clicks can be deployed within organisations in hours rather than the months or years it can take with competitors, and companies can deploy GRC capability for distributed teams, business functions or operating entities in minutes, making it easy and cost-effective for  multi-entity organisations. 

“Risk management is obviously critical for businesses, and the complexity and burden of  compliance mean companies need software that’s easy to use,” he said.

 “It’s such an exciting time. Our business has quadrupled in the last year,  and there are millions of businesses and advisors we can support with our next-generation  GRC platform.” 

Centerstone Capital’s John Meacock, who is joining the 6clicks board. His cofounder, Luc Maasdorp, said: “Professional services firms are increasingly looking to  differentiate their offerings through the use of tech, and in that light, we believe 6clicks is  uniquely positioned to transform the way GRC services are delivered.”