Tap gets Dorado investment

12/01/2018 - 15:03

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Perth-based startup Tap Into Safety's east coast expansion plans have been boosted by a $750,000 investment from private equity group Dorado Capital.

Sue Bahn has welcomed Dorado's investment.

Perth-based startup Tap Into Safety's east coast expansion plans have been boosted by a $750,000 investment from private equity group Dorado Capital.

Tap launched in 2014 and provides safety and early intervention mental health training and assessment through interactive software platforms.

The company’s safety product, Hazard Insight, uses 360 degree panoramic scenes of high-risk work areas to train hazard identification.

Dorado Capital has a history of investing in software and technology businesses, including Surpac mining software, Safety Culture, Cintellate and MiPlan.

Tap chief executive Sue Bahn said the company was pleased to have Dorado on board.

“We are looking forward to the additional expertise that they bring that complements the knowledge of our other major shareholder, Peter Rossdeutscher,” she said.

“Looking forward we can continue our R&D work to extend the product functionality to include additional interactivity and reporting features.

“Our customers already love our solutions but we know we can offer them more as Tap into Safety grows and expands into new markets.”

Dorado director Tim Moore said Tap had created innovative solutions using its technology.

“The platform has considerable application and with the right resources has the momentum to grow considerably,” he said.

The company said the new investment would allow it to growing its existing Perth sales team, and extend into the Sydney and Melbourne markets.

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