The East Kilbride-based company announced yesterday it has secured the capital investment from NVM Private Equity.
The funding will be used to open a new office in America and double the size of its development and support teams in Scotland, where it currently employs 60 people.
SHE Software is the company behind the Assure software platform, which helps businesses demonstrate health and safety compliance.
It also includes a suite of reporting and monitoring tools to help health and safety managers identify and address risks more effectively.
In the past nine months, the company has started work with 34 new customers both in the UK and overseas, with half of these commencing in the last three months.
“We are delighted to work with our new investors at NVM and to seize the tremendous opportunity we have to penetrate the North American market and bring the benefits of Assure to a much wider customer base,’ said SHE Software chief executive, Matthew Elson.
“Our plans are ambitious, but we are confident that this funding boost will enable us to maintain our 60% annum growth rate while successfully driving international expansion.”
NVM’s investment director, Charlie Winward, added: “Matthew and his team have built an excellent product and the business has grown very strongly over the last few years with a clear plan to continue on this growth trajectory, both by building upon the existing UK operation and by expanding into the US market.
“We are excited to work with Matthew and his team to deliver on these plans, and believe we can provide valuable support in the journey through our experience in scaling businesses at NVM.”
