ReturnSafe Raises $3.25M To Accelerate Adoption Of New Workplace Safety And Infectious Disease Management Solution
ReturnSafe, the company establishing new standards and tools for managing safety, health, and well-being in the workplace, announced $3.25M in funding led by Fifty Years and Active Capital with additional investments from Necessary Ventures. This additional funding follows a rapid period of growth where the company achieved six-figure monthly recurring revenue and onboarded more than 50 organizations in the first six months of operation.
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ReturnSafe’s solution protects tens of thousands of people spanning across health and senior care organizations, educational institutions, sports and entertainment event venues, non-profits, hospitality businesses, manufacturing facilities, professional services, real estate and construction firms, and more from around the globe.
“COVID-19 upended our world and forced the closure of workplaces, schools, and universities. Efforts to mitigate the devastating toll of the pandemic have created additional challenges such as a spike in unemployment and worse educational outcomes,” said Seth Bannon, founder of Fifty Years. “ReturnSafe allows us to fire up our economic, education, and entertainment engines while keeping everyone safe. From Sesame Street to the San Antonio Spurs to The Leukemia & Lymphoma Society — world-class organizations are relying on ReturnSafe to bring people back to work safely. ReturnSafe is not only helping companies keep their employees safe from COVID-19, it is setting new standards to prevent future disease outbreaks in the workplace.”
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“We’ve been impressed by ReturnSafe’s agility in responding to the challenges of reopening physical spaces. Their speed and expertise are meeting the legal and logistical complexities involved here,” said Neil Devani, founder of Necessary Ventures. “Almost every organization will need a reopening plan. Many believe these issues will subside when COVID-19 subsides. We expect the opposite. ReturnSafe’s focus on prevention will also help avoid backslides to the reactive stances that have been so devastating for so many.”