Workplace checklist app developer SafetyCulture has raised another $48.6 million just since six months after a $60.5 million round as early investors and staff cash in on the increasing worth of the company, now valued at more than $1.3 billion.
Less than a third of the funds, $14 million, were invested as equity. Blackbird Ventures led the round followed Index Ventures, scooping up existing equity from other investors.
Blackbird has been a serial investor in the business, alongside Atlassian co-founder Scott Farquhar,
Staff who have been with SafetyCulture for more than three years receive equity in the business.
Founder Luke Anear, a former workplace accident detective, launched his venture in the family garage in Townsville in far north Queensland, 16 years ago.
Last month SafetyCulture made its first acquisition, taking over mobile training startup EdApp in a deal that values the business at $40 million. The startup has also launched an insurance joint venture called Mitti with QBE.
More than 500,000 workers and 26,000 organisations in 85 countries use SafetyCulture’s iAuditor app to complete more than 600 million checks per year.