The new capital will be used to accelerate the growth of the company's next-gen GRC platform
Herbert Smith Freehills (HSF) has assisted Melbourne-based software vendor 6clicks on a $10m capital raising effort.
6clicks collected the capital via a Series A funding round led by venture capitalist firm Centerstone Capital. The new capital will be deployed to accelerate growth of the company's next-gen governance, risk management, and compliance (GRC) cyber platform, its worldwide customer base, partner network, content, and third-party applications.
"Risk management is obviously critical for businesses, and the complexity and burden of compliance mean companies need software that's easy to use," 6clicks founder and CEO Ant Stevens 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 co-founder John Meacock will also join the 6clicks’ board of directors to support the company’s growth and engagement with global advisory firms.
Australian co-head of venture capital Elizabeth Henderson helmed the HSF venture capital team on the transaction alongside solicitor Adam Ong. They were assisted by lawyers from across the Sydney and Melbourne offices, including venture capital co-head Peter Dunne and solicitor Mapa Madhawa.
“6clicks is another great example of Australian technology capabilities gaining momentum on the global stage, and we thank them for entrusting Herbert Smith Freehills to work with them on this transaction,” Henderson said.