SafetyChain Software, Inc.
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SafetyChain Software, Inc. - overview
Established
2011
Location
Novato, CA, US
Primary Industry
Software
About
SafetyChain Software, Inc. is a technology company specializing in digital plant management solutions for the food and beverage manufacturing sector, enhancing operational efficiency and compliance through innovative software tools. Founded in 2011 and headquartered in Novato, US, SafetyChain Software, Inc. focuses on providing a digital platform for food and beverage manufacturers.
The company was co-founded by Barry Maxon and Wally Smith, who have extensive experience in the tech industry. In October 2021, SafetyChain raised USD 50 mn in a GROWTH funding round led by JMI Equity, marking a significant milestone as this amount represents the total capital raised to date, supporting its strategy to enhance its market presence. SafetyChain Software offers a digital plant management platform tailored for the food and beverage industry. The platform provides tools for quality management, production oversight, supplier compliance, and process control.
It replaces manual documentation with real-time data, featuring no-code forms for inspections and automated corrective workflows. Serving over 2,500 facilities globally, its clientele includes major food manufacturers across North America, Europe, and Asia, delivering tailored solutions to meet industry regulations. The primary revenue source for SafetyChain Software comes from subscription-based agreements for its digital platform. Clients enter into annual or monthly contracts, which vary based on usage, user numbers, and selected modules.
This transactional model allows for a customized purchasing approach, directly addressing the needs of manufacturers aiming to enhance compliance and operational visibility. Specific pricing structures are proprietary and designed to align with individual client requirements. Following the USD 50 mn investment from JMI Equity in October 2021, SafetyChain Software plans to accelerate its growth and expansion within the food and beverage and consumer packaged goods sectors. The company aims to introduce new products designed to enhance its platform's capabilities and intends to penetrate additional geographic markets, with specific targets for growth in Europe and Asia by 2023.
The funding will be utilized to support product development and market expansion initiatives.
Current Investors
JMI Equity
Primary Industry
Software
Sub Industries
Logistics Software
Website
www.safetychain.com
Verticals
Cloud Computing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
SafetyChain Software, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | SafetyChain Software, Inc. | - |
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