Six-figure investment opens door for new jobs

A SUNDERLAND cyber security specialist is set to create new skilled jobs on the back of a new six-figure investment - its second in 10 months.

- COREENA FORD

OneClickComply - formerly known as FAT32 - last year became the first business to secure backing from the Venture Sunderland Fund after it was launched by fund managers Northstar Ventures. It secured a £550,000 finance deal, which includes £350,000 from the fund.

The Sunderland business is helping to make changes in the regulatory tech industry through its flagship tool, which can complete cybersecurity tasks up to 20 times faster than traditional methods.

Now Northstar Ventures has backed OneClickComply with fresh investment of £275,000 from the Venture Sunderland Fund, as part of a £580,000 round alongside angel investors and a significant grant from Innovate UK's North East investor partnership programme.

The investment comes during rapid growth for the cyber and information security market, which it is estimated will be worth around £16bn by 2029 in the UK.