Firm: LegalVision (SafetyCulture)
Deal: LegalVision has advised SafetyCulture on a funding round for mobile technology platform EdApp.
Value: $4 million
Key players: LegalVision’s team was led by practice leader Anurag Verma with senior lawyer Nadine Martino.
Deal significance: EdApp “delivers workplace training but uses a mobile-first approach to reflect how employees now consume and engage with content,” according to LegalVision.
The $4 million funding round for the mobile technology platform is one of SafetyCulture’s largest external investments and follows the company’s own $60 million funding round back in May.
The funding will allow for user-base growth in Australia and overseas, with EdApp already commanding customers including Mercedes Benz, Mars, Shell and Pandora.
It will also see SafetyCulture CEO Luke Anear joining EdApp’s board.
LegalVision advised on structuring, due diligence, negotiation and tax guidance for the investment.
Speaking on the firm’s involvement, Anurag Verma said “SafetyCulture is an Australian success story and we were delighted to work with their team to achieve this significant milestone.”
“This deal also showcases LegalVision’s breadth of experience and our ability to run transactions of this complexity,” he continued.
SafetyCulture’s head of finance Ben Watiwat said the company is “very excited to be working with the EdApp team as they accelerate their global expansion.”
“LegalVision’s deep understanding of startups enabled us to close this deal with confidence,” he said.
“We look forward to working with Anurag and the team in the future as we power ahead with our digital-first growth strategy.”