SafetyCulture, one of Australia’s biggest private technology companies, conceded a $200 million hit to its valuation in getting one of this year’s biggest funding rounds away, a $165 million deal led by Sydney’s Airtree Ventures.
The 20-year-old company has been revalued at $2.5 billion – from $2.7 billion a year ago – in a transaction its founder and chief executive Luke Anear said represented a strong result in a depressed market.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
