Protecht Group Secures $12 million USD from MARS Growth Capital to Support Continued Global Expansion
MARS Growth Capital is a joint venture between Liquidity Group, the largest AI-based financial asset management firm globally, and Mitsubishi UFJ Financial Group, Inc.
Sydney, Australia – 11, October, 2023 – Protecht Group Holdings Pty Ltd (Protecht), a leader in Enterprise Risk Management software and services, announced today that it has secured USD $12 million from MARS Growth Capital. The funds will go to support Protecht’s continued global expansion in its core markets of the USA, EMEA, and Australia.
Founded in 2021, MARS Growth Capital is a joint venture between Liquidity Group, the largest AI-based financial asset management firm globally, and Mitsubishi UFJ Financial Group, Inc. (“MUFG”) with over $1.5B in assets under management. The joint venture combines the financial might of MUFG with the decision-science technology of Liquidity Group.
Since raising USD $30 million in a Series A investment from Arrowroot Capital in February 2022, Protecht has successfully entered the U.S. market, secured customers in its primary target market of financial services, and expanded its EMEA operation. Additionally, the company expanded the use cases for its flagship product, Protecht ERM, to better address the needs of its customers in the areas of operational resilience and vendor risk management.
Protecht, headquartered in Sydney, Australia, has been at the forefront of empowering companies worldwide to effectively navigate the ever-increasing risk, compliance, and regulatory pressures they face by offering better monitoring and management of risk. With a track record spanning more than two decades since its establishment in 1999, its complete enterprise risk management SaaS solution, businesses of all sizes use Protecht ERM, across a wide range of global industries, including financial services, government, and tertiary education.
“At Protecht, we are incredibly focused on helping our customers with their enterprise risk journey through both our software and thought leadership. This partnership with MARS Growth Capital supports that focus by enabling continued investment in our core product, Protecht ERM, and our people as we continue our global expansion,” said David Bergmark, Chief Executive Officer at Protecht.
"MARS Growth Capital was impressed with Protecht's strong customer relationships and world-class customer retention rates, strong indicators for long-term profits that were key to our decision to provide non-dilutive financing to support Protecht's continued international growth plans," said Ryutaro Hiroshima, Co-CEO of MARS Growth Capital.
“We are continuing to expand our global presence, and this partnership with MARS Growth Capital supports our vision of redefining the way world thinks about risk, the deployment of innovative risk management technology, and the provision of scalable risk management education via Protecht Academy to achieve excellence in risk management,” said David Tattam, Co-Founder and Chief Research & Content Officer at Protecht.
“Liquidity Group formed MARS Growth Capital in partnership with MUFG to provide holistic financial growth solutions to mid-market and pre-IPO technology companies like Protecht,” said Ron Daniel, Co-Founder and Chief Executive Officer of Liquidity. “Our patented machine learning and decision science technology enables us to provide fast and scalable large non-dilutive facilities and equity deployment solutions that support our clients’ continued growth across the globe.”
Or Zorea, Managing Director - APAC, MARS Growth Capital, added: "We are thrilled to count Protecht as MARS Growth Capital's fifth deal in Australia, totaling over $60 million deployed. We have seen a significant increase this year in interest for non-dilutive financing by Australian growth-stage companies and look forward to expanding our support to many more with financing ranging from $5 million - $120 million."
About Mars Growth Capital
Founded in 2021 and with $1.5B AUM, MARS Growth Capital is a joint venture between MUFG and Liquidity Group. Using machine learning and decision science technology, MARS Growth Capital deploys both non-dilutive, as well as equity financing solutions in the range of $3-100M in as little as 48 hours, to mid-market, late-stage, and pre-IPO technology companies in APAC, Japan, and Europe. For more information, visit www.marsgrowth.com.
About Protecht Group
Headquartered in Sydney, Australia, with offices in London and Los Angeles, Protecht provides complete risk solutions, including the world-class Protecht ERM enterprise risk management platform as well as training and advisory services to businesses, government organizations, and regulators across the world.
Protecht is passionate about solving the challenges customers face in managing risks. Protecht ERM provides a single, interconnected platform that produces a holistic view of risk while being simple and easy to use. Protecht has helped hundreds of organizations move away from spreadsheets and email to a more efficient and effective way to manage risk. For more information, visit www.protechtgroup.com.
Liquidity is the world’s leading pioneer of bespoke technology for private credit, powered by advanced infrastructure with AI at its core. It defines a new standard in capital allocation through a nexus of the sharpest minds in private credit and technology.
Proven at scale in Liquidity’s own multi-billion-dollar private credit business, this technology deploys capital faster than any firm in capital markets history—with unmatched speed, precision, and adaptability across North America, Europe, APAC and MENA.
Liquidity develops bespoke technology infrastructure for banks and asset managers, embedding intelligent decision science across the full credit lifecycle from origination to compliance, while serving visionary growth-stage and mid-market companies in 45+ sectors through its own structures and funds.
Built on trust and backed by leading institutions including MUFG Bank Ltd., Spark Capital, KeyBank, Cross River Bank, Meitav Dash, IDB Bank, and others. Visit liquidity.com.
