Luke Anear

SafetyCulture has a new name – and an insurance bet to match

SafetyCulture, an Australian unicorn selling workplace-safety software, has rebranded as Mitti. Luke Anear, who founded it, is chief executive again, and insurance plus AI now anchor its growth plans.

SafetyCulture has a new name – and an insurance bet to match

Forbes Australia reports the workplace-safety unicorn's new name and its expanding insurance arm, with founder Luke Anear back as chief executive.

From quantum computing to quesadillas: Top 12 biggest capital raises of 2024

Year-end roundup ranking 2024's twelve largest startup raises, headed by PsiQuantum's $940 million government-backed quantum computing round, plus Guzman y Gomez's ASX listing and Betashares' Temasek investment.

SafetyCulture founder Luke Anear steps down as CEO

Long-time SafetyCulture chief Luke Anear hands the reins to Kelly Vohs while moving to the chair; the piece also recaps the firm's recent raises, valuation dip and backer changes.

New $165 million round for SafetyCulture in “tough environment” for fresh funding

SafetyCulture secured $75 million of fresh capital plus $90 million from existing shareholders selling shares, valuing the operations software company at $2.5 billion. Airtree, Blackbird, Morpheus Ventures, Hostplus and HESTA joined the round.

Also Tech Funding News - Australia·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily

H1 2024 in Review: $100m invested

TEN13's investor letter celebrates passing $100 million deployed, plus fresh backing for iion and Switchboard, team promotions, AutoGrab's overseas growth and NZ-arm sale, and the Mr Yum–Me&U merger.

Also Startup Daily·thetimes.com.au·SmartCompany

Eight Aussie startups that raised $149 million this week

Weekly roundup of eight Australian startups together securing $149 million: One Model, SafetyCulture, Hysata, Pendula, Marqo, Medigrowth, Curiious and Zena Sport, spanning HR analytics, safety tech, hydrogen, AI, medicinal cannabis, VR and sportstech.

Also Startup Daily·thebusinesstimes.com.au·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Forbes Australia

SafetyCulture raises $34 million while planning a $500 million VC share sale

SafetyCulture closed a $34 million round with Morpheus Ventures, Marbruck Investments and Index Ventures, lifting its valuation to $2.7 billion. Bigger investor and employee share sales are still only plans.

Also SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Forbes Australia

Tesla Inc Director Robyn Denholm appointed to SafetyCulture board

Robyn Denholm has joined SafetyCulture's board as a director, adding to her Tesla chairmanship and Technology Council role, replacing long-serving director and Blackbird co-founder Rick Baker.

SafetyCulture threat to leave Australia

SafetyCulture founder Luke Anear says he threatened to redomicile the company in the US over a reported $61 million loss, and that the federal government has since contacted him about changing auditing rules.

News briefs – stories you might have missed

Roundup covering Victorian zero-emission bus trials, Frew Foods' planned plant expansion, 5B's layoffs and completed capital raise, Wellnex Life's convertible note raising, SafetyCulture investing in Inauro, plus wind farm and university research news.

Also @AuManufacturing·Techboard

SafetyCulture backs video analytics startup in $8 million series A

Video analytics firm Unleash live raised an $8 million series A led by SafetyCulture, with Patagorang Investment Group also investing, to fund an AI apps store and US expansion.

Also SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany

The startup funding round: Prescriptions to your door, $16 million for e-bikes and a Kiwi regtech comes to Sydney

Funding roundup: Zoomo and Chemist2U raise new rounds, First AML launches in Australia after its Series A, Frank Body closes private equity backing, and Quasar Satellite Technology receives Main Sequence investment.

Also Startup Daily

SafetyCulture raises $99 million at a $2.2 billion valuation, but founder Luke Anear is just getting started

Workplace safety software firm SafetyCulture closed a $99 million round led by Insight Partners, lifting its value to $2.2 billion, with existing backers participating and employees again selling down equity.

Also TechCrunch Venture·Crunchbase News·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily

SafetyCulture’s Valuation Hits $1.6B After $73M Raise

Australian workplace safety software firm SafetyCulture raised $73 million at a $1.6 billion valuation, led by Insight Partners, with existing backers participating; the article also recalls its EdApp acquisition.

Also SmartCompany·SmartCompany

Australia can create a world-class startup culture, but it must act now

SafetyCulture's founder tells a federal inquiry Australia must restore grant funding, simplify employee equity and ease tech visas to build a world-class startup culture, citing his own grant-backed growth from a Townsville garage.

SafetyCulture just raised another $14 million as staff and investors cash in on the unicorn’s growth

SafetyCulture took $14 million in fresh capital inside a larger transaction letting early backers and staff sell shares, valuing it above $1.3 billion, with Blackbird leading and Index following; it also acquired EdApp.

Also Startup Daily

Workplace tech unicorn SafetyCulture buys EdApp in $40 million deal

SafetyCulture makes its first acquisition, buying training startup EdApp in a deal valuing it at $40 million, after previously investing $9 million including a convertible note.

Also Startup Daily·Startup Daily·Startup Daily·SmartCompany·Crunchbase News

SafetyCulture uses $60 million raise to let employees cash in on equity, and takes unicorn crown for itself

SafetyCulture raised $60.5 million led by TDM Growth Partners, reaching a $1.3 billion valuation, with roughly half the money letting long-serving employees sell vested equity.

Also TechCrunch Venture·Startup Daily·SmartCompany·SmartCompany

Australian startup SafetyCulture nabs $800M valuation on $35.5M round

Also Crunchbase News

If you get traction, the money will come: Luke Anear, SafetyCulture

Write-up of Luke Anear's talk at an eGroup event, recounting SafetyCulture's growth from a Townsville garage, its Blackbird and Atlassian backing, funding history, and the founder taking some money off the table.

Good tidings we bring: The 10 biggest capital raises of 2018

A year-end roundup of Australia's largest 2018 startup capital raises, covering Judo Capital, Deputy, Airwallex, Inflazome, SafetyCulture, Culture Amp, Canva, Havven, Athena, Ansarada and Data Republic, with investors and earlier rounds recalled.

Also Startup Daily·SmartCompany·Startup Daily·Techboard·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Techboard·Techboard·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Forbes Australia·Crunchbase News·Wholesale Investor