SafetyCulture

SafetyCulture’s Valuation Reaches A$2.2 Billion

Global technology company’s valuation soars after A$99 million funding round led by global venture capital and private equity firm Insight Partners

SafetyCulture, the global operations platform which empowers working teams to drive improvements in the workplace, has today announced a A$2.2 billion valuation (approx. GBP £1.2 billion), smashing past its previous unicorn status from April 2020.

The funding led by Insight Partners, a leading global ScaleUp software investor, and joined by existing investors Tiger Global, Index Ventures and Blackbird, will support the expansion of the business as it continues to evolve from a checklist app into an operations platform for working teams. SafetyCulture currently helps 28,000 companies improve every day by streamlining the flow of critical information through their user-friendly, mobile-first platform.

“We recently surpassed 100 million completed inspections in our flagship product, iAuditor, and this new funding allows us to continue that momentum,” said Luke Anear, Founder and CEO, SafetyCulture. “It also allows us to invest in the development of our platform which will ensure the information captured by workers can easily be acted upon to improve quality, efficiency, and safety in the workplace.”

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Source: Business Wire

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