A Newcastle-based Safety Tech company whose clients include McDonalds, Siemens and the NHS has raised a further £1.5m from Calculus Capital, the North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia Ventures, and private investors.
Notify Technology 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. 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.
Designed to improve health and safety at work, it can also be used for environmental and quality management. The platform has been adopted by many high-profile names including Wickes, Travis Perkins and Menzies Distribution and has over 250,000 users worldwide.
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Founded in 2017 by Duncan Davies and Andy Dumbell, Notify now employs 27 staff and recently moved into new offices in central Newcastle. Over the past 18 months, the company increased annual recurring revenue (ARR) by 47%. The latest funding round brings the total it has raised to date to over £7m.
Duncan Davies, co-founder and CEO, commented: “Notify has become the challenger brand in Safety Tech through our approach to service and innovation, delivered by a fantastic team. 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.”
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Richard Moore, Co-head of Investments at Calculus said: “We are excited to support Notify as it continues to develop its customer led Health and Safety software. 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. We are pleased to be able to support the Company in its mission to make a billion workers safer, healthier and more productive.”
Natalia Blagburn of Mercia Ventures added: “With businesses facing tighter regulations and rising insurance claims, Notify’s platform helps them manage risks. Incorporating AI will make it even more powerful – transforming safety management from a reactive to a proactive process, and helping businesses prevent accidents rather than just respond to them.”
Womble Bond Dickinson provided legal advice to Notify. Oliver Rickett of Womble Bond Dickinson said: “It has been great to work with Duncan and the Notify team again on this further investment in an exciting North East success story. We are passionate about supporting regional tech businesses and are delighted to see Notify continue to grow and be front and centre of this important sector.“
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