CriticalArc is a safety software startup that provides cloud- and mobile-based tools to help organisations proactively manage security, safety and emergencies. Its platform is reported to be in use by over 70 organisations across the Asia-Pacific, the UK, Europe and the Middle East. The company completed an equity crowdfunding campaign through VentureCrowd, raising capital from external investors. The round brought in nearly $1 million from 11 investors in exchange for an 8.3% stake. The article highlights the campaign as another validation of equity crowdfunding in Australia, according to VentureCrowd founder Jeremy Colless. No additional operational or revenue metrics were disclosed in the article. CriticalArc has developed SafeZone, a security and communication app that enables users to call for help and report incidents in open spaces such as university campuses. The company was co-founded by Jahmai Lay and Glenn Farrant and was incubated by the University of Wollongong’s StartPad. Customers include Curtin University, the University of Wollongong and the University of Newcastle (Australia). According to reports, CriticalArc raised $1M in funding to support growth. The company intends to use the funds to expand adoption of SafeZone in the UK and US. The raise was backed by Commercialisation Australia and private investors including Hunter Angels Trust and Sydney Angels.

Total raised

$2M

Funding rounds

2

Latest round

Equity

Latest activity

Oct 2015