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Safe Apps Limited t/a StaySafe

Visit StaySafe's Website

A Chelverton Investor Club Investment

Location
London, UK

Sector
Software

Investment Type
Growth Capital

Deal Size
Total: £730,000

How much did Chelverton Investor Club Members invest
Ordinary Equity:  £145,000 (EIS Qualifying)

Date of Investment
November 2019

Key Milestones

Established 2012
2013/14 Model moves from B2C to B2B
Don Cameron joins as CEO in 2014
First external investment 2015, with lead investor, CASS Entrepreneurship, initially investing in 2017

About StaySafe

An app-based product geared to lone worker protection. Responsible employers and Health & Safety legislation are increasingly concerned around welfare of employees working away from a workplace environment, an issue which this leading smart phone-based solution helps address

Why did Investor Club Members invest
StaySafe has grown rapidly since inception. The solution is proven / market-leading, with increasing recurring revenue, driven by the company’s subscription model. In what is already an international business, the funding sought provides the resources to better exploit opportunities in less mature markets

How did we come across the company?
The lead investor, CASS Entrepreneurship, was seeking a new funding partner for this latest round. StaySafe represents the third such collaboration between CASS and Chelverton

Future plans
Building increased channel partners and direct representation in fast-growing overseas markets, including the US