SafetyCulture’s A$48.5 Million Series C1 Capital Raise And Secondary Sale

Herbert Smith Freehills advised SafetyCulture on its A$48.5 million follow-on Series C1 capital raise and secondary sale.

SafetyCulture is a market leading and innovative company that enables companies and workers to effectively manage safety and quality in workplaces from a mobile device. This latest funding round will be used towards on-going R&D and to reward long standing employees by giving them an early opportunity to cash out their stock options. Similar to its Series C1 funding earlier this year, all staff who have been with the company longer than three years were eligible to participate.

The round was led by Blackbird Ventures with Index Ventures as a co-investor.

The Herbert Smith Freehills team was led by partner and Head of Venture Capital Peter Dunne (Picture) and solicitor Myra Beal.

Involved fees earner: Myra Beal – Herbert Smith Freehills; Peter Dunne – Herbert Smith Freehills;

Law Firms: Herbert Smith Freehills;

Clients: SafetyCulture;

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Author: Michael Patrini