Business

Miffed SafetyCulture boss Luke Anear flags US move because he doesn’t like the words Australian media use to cover company losses

- November 8, 2022 3 MIN READ

As red ink goes for tech companies, SafetyCulture did ok last financial year, posting a cash loss of $35.5 million in FT22, 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 a staggering A$1.1… Read more »

ASX

SafetyCulture nabs remote worker safety app SHEQSY in $6 million deal

- April 4, 2022 < 1 MIN READ

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 »

Funding

US VC Insight Partners invests in $95 million round for SafetyCulture at $2.1 billion valuation

- May 3, 2021 2 MIN READ

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 »

SafetyCulture
Funding

SafetyCulture just raised another $49 million so staff and investors can cash in on the unicorn’s growth

- October 27, 2020 < 1 MIN READ

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… Read more »

Other tech

Workplace tech unicorn SafetyCulture buys EdApp in $40 million deal

- September 15, 2020 2 MIN READ

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 »

SafetyCulture
Topics

SafetyCulture raises $60 million Series C round led by Tiger Global Management

- May 22, 2018 2 MIN READ

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 »