Alliance Partners

Wednesday, August 16, 2023

VCs and Employees cash out 💰 for over $500m from SafetyCulture




SafetyCulture founded by  Luke Anear raises $34 million while planning a $500 million VC share sale at a $2.7 billion valuation.


Safety Culture turnover is $132m (32% up from previous year )- valuing it at 20X revenue !


Anear said the funding and the turn to profitability would take them to the flywheel -  giving them  an “infinite runway”


It’s our understanding that $500 million will payout  Blackbird and Index Ventures  who have invested for 10 years as well as employees who have participated in their share scheme.


This should free up equity to allow you to investment  from US VC at a higher valuation giving a payday for the funds LPs ands empmoyees! 


Blackbird also sold $150m of Canva shares  last week,


What does Safetyculture do ?


It helps keep your workplace safe easily and affordable by providing an extensive library of resources crafted by safety experts who understand the complexities of health and safety programs. Safe Work Method Statements (SWMS)Management Plans and much more are available to help you meet compliance standards, protect employees and keep your business running smoothly.


Examples of products you can buy from their extensive library  are quality management systems for $700 , quality management systems for $30and risk management plans for $50!


Any company, large or small  can create their  own safety library with their own logo on a saas model! 


IK note!  A Learning Platform  should fit into this space - which boards well for the likes of Edtech, BSI learning be a part of the #nexttechrevolution ! 


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