SHE Software, closes £7m Series B investment round, led by Frog Capital with new growth equity fund, and funding from existing investors, Northern Venture Capital Trust (VCTs) and Mercia Fund Management Limited.
Founded in 1996 by Charles Winward and Matthew Elson, SHE Software provides a flexible EHS solution for risk assessment, incident reporting and health and safety reporting. SHE Software's industry-leading platform, Assure, supports smarter health and safety decisions, backed by data and supported processes.
The investment confidence is supported by SHE Software’s strong market position, and will be used to accelerate growth of international operations, building on the momentum achieved over the last two years in North America.
In a statement by Matthew Elson, co-founder and CEO, SHE Software: “We chose the Frog team because of its focus and expertise in scaling software companies like ours internationally. Frog’s Scale-Up Methodology and Operating Partner team stood apart from our other options, and we very much look forward to writing the next chapter together.”
Also Commenting, 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.”
Charlie Winward, managing director, Northern Venture Capital Trust (VCTs) Funds at Mercia, added: “We are pleased to continue our support of SHE Software and welcome Frog Capital in this new funding round. SHE Software has made considerable progress in the health and safety sector, and this syndicated round positions it well to continue its growth over the next few years and further build out its presence in the US market.”