SafetyCulture, a Sydney, Australia-based provider of an enterprise software company that manages security and compliance checks at companies around the world, secured $AU60.5m ($US35.5m) in Series C-1 funding.
The round, which brought the total amount of investment raised to more than $AU150m since 2014 and valued SafetyCulture at $AU1.3 billion, was led by TDM Growth Partners, with participation from Blackbird Ventures, Skip Capital, Index Ventures and former Australian Prime Minister Malcolm Turnbull and his wife Lucy.
The company intends to use the funds to reward early employees, hire people and accelerate product development.
Led by CEO Luke Anear, SafetyCulture provides iAuditor, an app that simplifies the auditing process by making it easy for frontline workers to effectively manage safety and quality from a mobile device, report issues quickly to prevent an incident due to inefficiency and limited visibility. More than 500,000 workers and 26,000 organisations in 85 countries use its core iAuditor app to complete more than 600 million checks per year. The company has teams in Sydney, Townsville, Kansas City, Manchester and Manila.