Investment boost fuels growth for HR tech innovator
A leading-edge technology firm has secured significant investment to drive its growth and expand its influence in the ethics and compliance sector.
Safe Space Technology, trading as Safe Workplace, has received seed funding from the South West Investment Fund, managed by The FSE Group. Launched in 2022, the company provides a comprehensive ethics and compliance platform designed to help organisations create safe, inclusive, and high-functioning workplaces.
The platform’s tools include case management, compliance tracking and policy integration, empowering employee relations and compliance teams to act efficiently. Safe Workplace, which is based in Kings Langley, Hertfordshire, already counts major brands across finance, hospitality and mining sectors, including Amazon, among its clients.
With plans to grow its workforce beyond 100 and target a £25 million turnover within five years, the company aims to capitalise on a global HR tech market, which is projected to surpass $75 billion in the coming decade.
Romano Rabie, Safe Workplace CEO, 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.”
The South West Investment Fund, operated by the British Business Bank, is designed to drive economic growth by supporting innovation and enabling small businesses to access much-needed funding. It offers a range of commercial finance options with smaller loans from £25,000 to £100,000, debt finance from £100,000 to £2 million and equity investment up to £5 million.
Paul Jones, senior investment manager regional funds at the British Business Bank, added: “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.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning London email for free.