Safe Space Technology secures South West Investment Fund equity investment to bolster its mission to become the market leader in ethics and compliance
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.
“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.”
Safe Workplace CEO, Romano Rabie
“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.”
Anna Staevska, Investment Manager at The FSE Group
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.
“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.”
Alex Breeden, Principal at co-investor, Fuel Ventures
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.
“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.”
Paul Jones from the British Business Bank
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.
About the South West Investment Fund
Operated by the British Business Bank, the South West Investment Fund provides a mix of debt and equity funding. 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. It works alongside various funding organisations as well as local intermediaries such as accountants, fund managers and banks, to support the South West’s smaller businesses at all stages of their development.
The South West Investment Fund is open to businesses with material operations, or planning to open material operations, in: Bournemouth, Poole, Dorset, Somerset, Cornwall and Isles of Scilly, Plymouth, Torbay, Devon, Bristol, Bath and North East Somerset, North Somerset and South Gloucestershire, Gloucestershire, Swindon and Wiltshire.
Supported by Nations and Regions Investments Limited, a subsidiary of British Business Bank plc, the Bank is a development bank wholly owned by HM Government. Neither Nations and Regions Investments Limited nor British Business Bank plc are authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA).
About The FSE Group
The FSE Group has been providing high-growth SMEs with accessible market-gap funding since 2002. We work with stakeholders and partners, including British Business Bank, Finance Yorkshire, Funding London and Local Enterprise Partnerships, to deliver regional funding that supports job creation and economic prosperity. With a range of funds that combine commercial return with an economic impact rationale, FSE is committed to investing in sustainable businesses that will grow, provide employment, and generate economic benefit in an environmentally and socially responsible manner.
About Safe Space Technology
Safe Space Technology’s Safe Workplace is a pioneering compliance and HR platform dedicated to improving workplace culture and safety. The company’s mission is to build Coveted Workplaces; providing culture-first enterprise organisations with the proactive backbone of an inclusive, safe and high-functioning workforce that proudly champions a shared code of ethics and conduct. Its tools improve risk and concern detection by up to 3x and resolution time by 2x.
