Newcastle-based SafetyTech firm Notify has raised £1.5m to enhance its platform and increase its sales and marketing activities.
The company, which is designed to improve health and safety at work, has attracted household names including McDonalds, Siemens and the NHS and has over 250,000 users worldwide.
The funding comes from Calculus Capital, the North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia Ventures, and private investors.
Notify’s platform enables businesses to digitally record accidents and near misses, complete audits, inspections and risk assessments, manage safety documents and analyse safety data from one central location.
This latest round brings total funding for the eight-year-old firm to over £7m.
Over the past 18 months, the company’s ARR has increased by 47% and it now employs 27 staff.
“Notify has become the challenger brand in Safety Tech through our approach to service and innovation, delivered by a fantastic team,” said Duncan Davies, co-founder and CEO.
“I’m delighted we’ve been able to raise additional capital from long term investors to support our latest innovations and to continue our growth trajectory.
“Thousands of organisations are recognising the value of looking after the health, safety and wellbeing of their workforce, and Notify is now perfectly placed to deliver software that drives employee engagement and productivity.”
Richard Moore, co-head of investments at Calculus, added: “We are excited to support Notify as it continues to develop its customer led Health and Safety software. We have seen the health safety and wellbeing sector become increasingly important to organisations and Notify is at the forefront of innovation in this space.
“We are pleased to be able to support the Company in its mission to make a billion workers safer, healthier and more productive.”
Womble Bond Dickinson provided legal advice to Notify.