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SafetyCulture secured $75 million in a secondary market funding round led by AirTree, aiming to provide liquidity opportunities for early investors and employees.

Sep 09, 2024over 1 year ago

Amount Raised

$75 Million

Australia

Investors

HestaHostplusAir Tree

Description

SafetyCulture, the workplace checklist app developer, raised $75 million in a secondary market funding round led by AirTree. This funding is part of a larger trend where early investors and employees are gradually liquidating their stakes in the business amidst valuation fluctuations.

Company Information

Company

SafetyCulture

Location

Australia

About

SafetyCulture is a tech company founded in Australia in 2004, valued at $AU2.7 billion, with a focus on enabling workers and businesses to operate safely and driving a broader culture of improvement.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech