Tech scaleup smashes past its previous unicorn status from April 2020

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

The funding led by Insight Partners, a 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.”

“Strategic growth investments and acquisitions will remain a key focus. Following the acquisition of online microlearning app, EdApp, last year, we’re looking at other great innovations which will transform the experience for millions of working teams around the world,” Anear continued.

SafetyCulture’s funding and new valuation was based on its progress in delivering value to a broader operational user base and its continued growth across a wide range of industries, including manufacturing, hospitality, retail and logistics. The company has attracted over 1.5 million users to sign up to its platform in more than 85 countries.

“SafetyCulture’s growth is testament to the company's deep understanding of the challenges working teams face in distributed work environments and their ability to consistently deliver innovative solutions to help these businesses improve every day,” said Teddie Wardi, Managing Director at Insight Partners. “It has been phenomenal to see what the SafetyCulture team has achieved over the last few years. We’re thrilled to be supporting such a passionate and dedicated team deliver great solutions to the working world.”

SafetyCulture’s employee base has grown 2.5 times in the last three years. It plans to continue the same hiring trajectory for the foreseeable future as it rapidly expands its global product and engineering teams. 

SafetyCulture’s most recent funding follows its unicorn valuation of A$1.3bn (approx. £726m) last April after securing A$60.5m (approx. GBP £33.8m) from TDM Growth Partners, alongside BlackBird Ventures, Index Ventures, former Australian prime minister Malcolm Turnbull and his wife Lucy Turnbull, and Atlassian co-founder Scott Farquhar (through his investment vehicle Skip Capital led by his wife Kim Jackson). 

Earlier this year, SafetyCulture was recognised as one of the ‘Best Companies to Work For’ and a 'Great Place to Work' in the UK.

Startup Details

Startup Details

TOTAL FUNDING AMOUNT
CB RANK (COMPANY) 188

SafetyCulture

SafetyCulture is the operational heartbeat of working teams around the world. Its mobile-first operations platform leverages the power of human observation to identify issues and opportunities for businesses to improve everyday.

  • Headquarters Regions
    Queensland, Australia
  • Founded Date
    Mar 12, 2004
  • Founders
    Luke Anear
  • Operating Status
    Active
  • Number of Employees
    251-500