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 raised by the startup to date to $98 million, bumping its valuation up to $440 million. The funding will go towards pushing the company’s global expansion, building out its product and engineering teams, and investment in new areas, including Internet of Things.
SafetyCulture founder and CEO Luke Anear said while the company is “expanding at a breakneck pace”, having hired over 100 new staff last year, there is still a long way to go.
“Most of the world don’t know we exist; they’ve never heard of SafetyCulture. This funding means that we can continue to build great products, better serve more customers and have a bigger impact on safety and quality for workers all around the world,” he said.
The company has two core products, safety checklist app iAuditor – which counts the likes of Coca-Cola, Coles, and Qantas as customers – and the recently launched Spotlight, an incident reporting app allowing teams to take action and issue alerts for safety hazards and incidents.