Safe Space Technology Secures South West Investment Fund Equity Investment

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Safe Space Technology Secures South West Investment Fund Equity Investment

Safe Space Technology has closed a seed funding round with the South West Investment Fund , via appointed fund manager and lead investor for the round, The FSE Group.

Safe Space Technology, trading as Safe Workplace, has developed a comprehensive ethics and compliance platform that provides culture-first enterprise organisations with the tools to create and manage inclusive, safe and high-functioning workforces that proudly champion a shared code of ethics and conduct.

Safe Workplace has rapidly gained traction since launching in 2022 and already has a customer base that includes leading brands across sectors including finance, pharmaceutical, mining and hospitality, as well as Amazon.

The platform offers a suite of culture and compliance tools, from reporting and case management to integrated policy suites with compliance tracking and more, to enable Employee Relations and Compliance departments to act proactively and effortlessly.

Safe Workplace CEO, Romano Rabie, said: "Building a healthy workplace culture is a collective responsibility; employees need to feel equipped, safe and protected, with Employee Relations and Compliance empowered and accountable. Our platform supports organisations to act fairly, kindly and responsibly, reaping the benefits of the Safe Workplace they create.  We are delighted to receive this South West Investment Fund funding, which will enable us to further develop our product and expand our team."

Anna Staevska, Investment Manager at The FSE Group, added: "Safe Workplace has demonstrated remarkable growth by securing global keystone clients and offering a superior product that addresses real problems faced by businesses today. The experienced team behind Safe Workplace has a proven track record of building and exiting successful ventures and we are thrilled to support their vision."

Safe Workplace plans to expand its workforce across all business operations, with the goal of exceeding 100 employees and targeting a £25+ million turnover, within five years. 

Alex Breeden, Principal at co-investor, Fuel Ventures commented: "Safe Workplace is platformising the very necessary checks that need to be put in place for the very largest enterprises in order to find workplace risks and resolve them. Every large company should be using a platform like this."

The global human resource technology market is projected to surpass $75 billion in the next decade, driven by the rise of hybrid working models and evolving legislation to prevent workplace misconduct. Safe Workplace is well-positioned to capitalise on these trends by offering a highly configurable platform that integrates previously disparate elements seamlessly.

Paul Jones from the British Business Bank said: "We are pleased to support Safe Workplace in its mission to create safer, more inclusive workplaces through innovative compliance and ethics technology. Safe Workplace’s rapid traction and ability to attract major clients speaks to the strength of its platform and their expertise. We look forward to seeing the funding help accelerate their growth and meet the rising demand for their culture-first compliance platform.”

The purpose of the South West Investment Fund is to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the South West. It offers a range of commercial finance options with smaller loans from £25k to £100k, debt finance from £100k to £2m and equity investment up to £5 million. The Fund is increasing the supply and diversity of early-stage finance for South West smaller businesses, providing funds to firms that might otherwise not receive investment and helping to break down barriers in access to finance.