Browz, LLC

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Browz, LLC - overview

Established

2001

Location

Draper, UT, US

Primary Industry

Software

About

Browz, LLC is a contractor risk management firm that specializes in enhancing safety and compliance for businesses across various industries. The company provides a comprehensive platform that streamlines contractor onboarding and management processes. Browz, LLC, founded in 2001, operates out of Draper, US, focusing on contractor risk management solutions. The company has engaged in three investment deals to bolster its operational capabilities.


John Moreland is the founder, and the current CEO is Yasmin Soudi. Avetta specializes in contractor risk management solutions designed to streamline safety, compliance, and sustainability for businesses. The company's core offerings include a comprehensive platform that facilitates contractor onboarding, training, and management, ensuring that all contractors meet industry safety standards and training requirements before entering work environments. By leveraging this platform, organizations can monitor and enhance safety protocols, particularly for high-risk and on-site vendors, thereby reducing operational risks.


Avetta's services cater to over 130,000 businesses across more than 120 countries, serving a diverse client base that includes various industries reliant on contractor work, such as construction, energy, and manufacturing. The platform’s user-friendly design has been praised for its ability to simplify complex processes for busy administrators, making it an essential tool for organizations looking to maintain safe and compliant workplaces. Avetta generates revenue through subscription-based models tailored for its business clients, focusing on B2B transactions. The company’s revenue structure typically involves annual or multi-year contracts with organizations that utilize its services to manage contractor-related risks and compliance.


Clients may opt for different tiers of service that cater to their specific needs, encompassing the features of the Avetta platform, such as training logs, safety compliance tracking, and contractor vetting processes. These services are integral to the operational frameworks of client organizations, facilitating efficiency and ensuring adherence to industry safety regulations. Consequently, Avetta’s solutions are positioned as critical investments for companies aiming to enhance their risk management strategies and ensure the safety of their work environments. Browz, LLC plans to introduce new product features aimed at enhancing user experience and functionality, with specific launches expected within the upcoming year.


The company is also targeting expansion into additional markets in North America and Europe by 2025, leveraging recent investments for this purpose. Daher Capital has invested in Browz, LLC, with financial terms not disclosed, which will support these growth initiatives.


Current Investors

Daher Capital

Primary Industry

Software

Sub Industries

Systems Management Software, Logistics Software, HR & Workforce Software, Analytics & Performance Software

Website

www.browz.com

Company Stage

Growth Capital

Total Amount Raised

Subscriber access only

Browz, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedBrowz, LLC-
GrowthCompletedBrowz, LLC-
LP DirectCompletedBrowz, LLC-

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