US-based ReturnSafe, a BioSecurity company offering contact tracing and screening technology that helps protect the business from COVID-19 and other infections, raised US$ 3.25M in its latest funding round on 21 December 2020.
The funding round was led by Fifty Years and Active Capital, with participation from Necessary Ventures. ReturnSafe is establishing new standards and tools for managing safety, health and well-being in the workplace.
The funds raised will be utilized towards the acceleration and adoption of new workplace safety and infectious disease management solutions. The funding follows a rapid period of growth as ReturnSafe experienced a six-figure monthly recurring revenue and onboarded more than 50 organizations in the first six months of operation.
About ReturnSafe
Founded in 2020 by Jason Story, Jikku Venkat and Tarun Nimmagadda, ReturnSafe is a tool used to prevent a viral outbreak at the workplace. ReturnSafe’s solution aims to protect tens of thousands of people spanning across health and senior care organizations, non-profits, hospitality businesses, manufacturing facilities, educational institutions, sports and entertainment event venues, professional services, real estate, construction firms and more.
ReturnSafe created the first fully integrated platform for infectious disease management. Its platform provides a human-centric solution focusing on preventing and slowing the spread of infectious diseases by providing employers with insights and tools to prevent and contain outbreaks including critical daily screening, exposure notification, contact tracing, case management and vaccine program management.
How does it work?
· Firstly, a daily symptoms screening app documents regulatory compliance and enables real-time risk management based on guidelines from the Centre for Disease Control.
· Secondly, a testing dashboard provides rapid notifications of positive test results.
· Thirdly, high-resolution contact-tracing leverages wearable devices with built-in social distancing alarms.
· Fourthly, the case manager dashboard shows workflows for employee isolation and quarantine management.
· Finally, the vaccine management for employers oversees workplace immunity without compromising on employee safety and privacy.
What Investors have to say
“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. 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,” said Seth Bannon, founder of Fifty Years.
“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. 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,” said Neil Devani, founder of Necessary Ventures.
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