Notify Raises £1.5m to Expand SafetyTech Platform
Deal News | Mar 05, 2025 | Business Cloud
Newcastle-based SafetyTech firm Notify has secured £1.5 million to enhance its platform and drive its sales and marketing efforts. The company, established to improve workplace health and safety, counts major brands like McDonalds, Siemens, and the NHS among its clients and boasts over 250,000 users worldwide. This funding round includes investments from Calculus Capital, the North East Venture Fund supported by the European Regional Development Fund and managed by Mercia Ventures, along with private investors. Notify's platform facilitates the digital recording of accidents, audits, and safety document management, positioning it as a leader in SafetyTech. This latest influx of capital brings Notify's total funding to over £7 million. Over the last 18 months, the firm's annual recurring revenue has surged by 47%, and its workforce now stands at 27 employees. The investment will support Notify's continued innovations and growth trajectory, as explained by Duncan Davies, the company's co-founder and CEO.
Sectors
- Safety Technology
- Venture Capital
Geography
- United Kingdom – Notify is based in Newcastle, UK, and the funding involves UK-based investors, underscoring the country's active SafetyTech and investment landscapes.
- Europe – The participation of the European Regional Development Fund in the investment indicates broader European involvement in the firm's growth.
Industry
- Safety Technology – Notify operates in the Safety Technology sector, providing digital solutions for workplace health and safety, appealing to large corporations and institutions.
- Venture Capital – The investment into Notify by Calculus Capital and other investment firms highlights the Venture Capital industry's role in funding and supporting innovative tech companies.
Financials
- 1.5 million GBP – The amount raised by Notify in the latest funding round to enhance its platform.
- 7 million GBP – The total funding Notify has raised to date, including the latest investment round.
- 47% – The increase in Notify's annual recurring revenue over the past 18 months.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Notify | Target | Company | A SafetyTech company based in Newcastle, enhancing workplace health and safety through digital platforms. |
| Calculus Capital | Investor | Company | A venture capital firm involved in providing financial support for the growth of Notify. |
| North East Venture Fund | Investor | Investor | Supported by the European Regional Development Fund and managed by Mercia Ventures, involved in funding Notify. |
| Mercia Ventures | Manager | Company | Manages the North East Venture Fund, which supported Notify's latest funding round. |
| Duncan Davies | Co-founder and CEO | Person | Co-founder and CEO of Notify, instrumental in securing investments and driving business growth. |
| Richard Moore | Co-head of Investments | Person | Co-head of investments at Calculus Capital, supporting Notify in enhancing its Health and Safety software. |
| Womble Bond Dickinson | Legal Advisor | Company | Provided legal advice to Notify for the funding round. |