The founder of Sydney workplace tech scaleup SafetyCulture, Luke Anear, will finish up as CEO at the end of the year after leading the business he founded in a Queensland garage for two decades. Anear will shift into the new role of executive chairman from January 1, with former SafetyCulture customer Kelly Vohs, most recently… Read more »
The worth of SafetyCulture has become a game of snakes and ladders, with the 20-year-old workplace checklist app developer taking a $200 million drop in its valuation to $2.5 billion as VC AirTree becomes a late-stage convert in a $75 million raise. Just over 12 months ago, the scaleup’s valuation jumped $600 million for a… Read more »
Local VC Blackbird and other early stage investors in SafetyCulture look set for a second bite of the exit cherry as the company turns 20 next year, with up to $500 million worth of existing shares being offered for sale to investors more than three years after shareholders in the privately-owned business last offloaded stakes… Read more »
As red ink goes for tech companies, SafetyCulture did ok last financial year, posting a cash loss of $35.5 million in the 2022 financial year, up around 50% on FY21’s $23 million loss. Last week Nasdaq-listed Atlassian revealed its results – a A$52 million operating loss for the September quarter. ASX-listed BNPL Zip Co posted… Read more »
Scaleup unicorn SafetyCulture has acquired local worker safety startup SHEQSY for $6 million. The smartphone-based app is a lone worker safety solution designed for remote situations, offering real-time safety monitoring including duress situations. For managers it offers a visual dashboard of staff locations with activity countdown timers and generates real-time alerts when an employee overstays… Read more »
US-based venture capital firm Insight Partners has led a US$73 million (A$95m) investment into workplace safety venture that nearly doubles the value of the startup to US$1.6bn (A$2.1bn). The deal comes just a fortnight after Insight was the sole backer of Brisbane software startup Octopus Deploy in a US$172.5 million (A$220m) round. Existing invest Tiger… Read more »
Workplace checklist app developer SafetyCulture says it 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 new… Read more »
Workplace tech platform SafetyCulture has made its first acquisition, taking over mobile training startup EdApp in a deal that values the business at $40 million. SafetyCulture, most recently valued at $1.3 billion following a $60.5 million raise, has invested $9 million in five-year-old EdApp in recent years, including $1 million convertible note in early 2020.… Read more »
‘Growth’ is the buzzword of 2018 among startups, yet defining and executing it is where the real conversation is.
Townsville-founded startup SafetyCulture has raised $60 million in a Series C round led by New York firm Tiger Global Management, with participation from existing investors including Blackbird Ventures, Index Ventures, and Atlassian cofounder Scott Farquhar. With the startup last having raised a $30 million Series B in October 2016, the fresh funding brings the total… Read more »
Looking to take its company culture to the next level as it scales up is Airtasker, which recently appointed Mahesh Muralidhar as its new Head of People Operations.
Townsville startup SafetyCulture has today announced a $30 million Series B round led by international venture capital firm Index Ventures. The investment comes as the second largest funding round secured by an Australian tech startup this year, following a $41 million raise by BigCommerce in June.
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