By Karen Peattie

SCOTTISH company SHE Software has completed a £7 million Series B investment led by Frog Capital from its new growth equity fund with existing investors Northern Venture Capital Trust (VCTs) Funds at Mercia Fund Management also participating.

The Glasgow-based global health and safety software company said the investment "further validates SHE Software’s strong market position" and will accelerate the growth of international operations, building on the momentum achieved over the last two years in North America.

It plans to increase headcount, expanding its talent pool by 60, including 15 new jobs announced earlier this year following funding from Scottish Enterprise.

Matthew Elson, chief executive of SHE Software, said: “The UK is widely recognised as leading globally in health and safety best practices, and SHE Software has played a critical role in helping develop the health and safety management software industry having pioneered digital innovation for over 20 years.

"From our dominant position in the UK and Europe we are now focused on scaling operations in North America and Australasia.

“Our customers are individuals who deal with complex and dispersed operations where the more traditional approach to managing health and safety is no longer adequate. We typically help customers produce ROI paybacks within 12 months by improving health and safety efficiencies and increasing engagement top-down, bottom-up.”

SHE Software is behind Assure, a health and safety software platform that helps companies achieve and demonstrate health and safety compliance while generating cost-savings by reducing the administrative burden.

With a growing client base of more than 250 companies including Network Rail, Vaillant Group and Renewi, SHE Software’s cloud-based mobile-first platform is "transforming the corporate approach to health and safety management".

The company has experienced strong growth during the past 12 months securing more than 80 new customers and recording an increase of 54 per cent in orders during 2019.

Mr Elson said the company had chosen the Frog team because of its "focus and expertise in scaling software companies like ours internationally".

The UK is several years ahead of the US in EHS (environmental, health and safety) maturity according to Mike Reid, senior partner at Frog Capital. “SHE Software’s deep understanding of environmental, health and safety challenges, and how modern software engagement can transform attitudes and address key EHS issues has impressed the Frog team a great deal,” he said.