"The deal sees SafetyCulture continue on its impressive growth trajectory," firm partner says
Herbert Smith Freehills (HSF) has advised global workplace operations company SafetyCulture on its acquisition of SHEQSY, a cloud-based lone worker safety application.
According to SafetyCulture, the transaction allows the company to address underinvestment in frontline processes, enablement, and emerging technologies and expands its products designed to serve an increasingly dispersed and decentralised global workforce.
“The last two years have shown us the importance of safety across all industries,” SafetyCulture CEO and founder Luke Anear said. “We’re excited to be helping more businesses to access SHEQSY’s unique, innovative technology so that this essential group of workers feel more protected in their roles day-to-day.”
Moreover, the acquisition permits SHEQSY to accelerate its “freemium” offering and growth into the U.S. and European markets. Founded in 2017, SHEQSY protects lone workers by equipping them with duress alarms, periodic check-ins, customizable pre-start forms, hazard reporting, and overtime alerts.
“Partnering with SafetyCulture gives us the opportunity to accelerate our international expansion and protect millions of lone workers around the globe,” SHEQSY CEO and founder Hays Bailey said.
Partner Clayton James and senior associate Thomas Kelly led the HSF’s venture capital team on the transaction. They were assisted by solicitors Vincent Greco Schwartz, Stephanie Simm, Katherine Duong and Sam Gonski, senior associate Tess Mierendorff, and venture capital co-head Elizabeth Henderson.
“This deal sees SafetyCulture continue on its impressive growth trajectory,” James said. “We worked with SafetyCulture on its $60.5 million Series C1 and $99 million Series C2 capital raises, as well as its strategic acquisition of EdApp, and it is a pleasure to work with SafetyCulture on its development strategy as it expands.”