A tech platform designed to support workplace safety practices has raised £1.5m in a fresh funding round.
Newcastle-based Notify, whose clients include McDonalds, Siemens and the NHS, said it will use the funding to further enhance its platform with the addition of new AI-powered features and to step up its sales and marketing activities.
The round was led by Calculus Capital and the North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia Ventures. It brings the total Notify has raised to date to over £7m.
Duncan Davies, co-founder and CEO, said: “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 have seen the health safety and wellbeing sector become increasingly important to organisations and Notify is at the forefront of innovation in this space.”
Founded in 2017 by Duncan Davies and Andy Dumbell and based in Newcastle, 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.
The firm, which now employs 27 staff, said it has increased annual recurring revenue (ARR) by 47% over the past 18 months. Notify posted a loss of £1.5m in the year to end March 2024.
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