Herbert Smith Freehills advised SafetyCulture on its A$99 million Series C2 capital raise and secondary sale based on a A$2.2 billion valuation.
The funding, led by Insight Partners, a leading global ScaleUp software investor, and joined by existing investors including Tiger Global, Index Ventures and Blackbird, will support the expansion of the business as it continues to evolve from a checklist app into an operations platform for working teams.
SafetyCulture currently assists 28,000 companies to streamline the flow of critical information through their user-friendly, mobile-first platform. Its funding and new valuation was based on its progress in delivering value to a broader operational user base and its continued growth across a wide range of industries, including manufacturing, hospitality, retail and logistics.
The Herbert Smith Freehills team was led by Partner and Head of Venture Capital Peter Dunne (Picture), senior associate Claire Thompson, and solicitors Catie Moore, Emily Paterson and Katherine Duong.
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