Lagos, San Francisco & Mexico City, 24th June, 2020: Platform Capital (Platform), a leading growth markets investor, is pleased to announce its investment in SafeRoom, an innovative B2B SaaS platform for secure mobile messaging. SafeRoom’s proprietary and first-of-its-kind technology provides an intuitive easy-to-use instant messaging platform for businesses with all the standard features of messaging apps and also provides added security elements such as military grade 256 AES & TSL/SSL end-to-end encryption, access & data retention control, data isolation, and soon, anomaly detection.
Globally, the integrity of company data & security is increasingly compromised as employees prefer to use a variety of instant messaging & social media platforms to communicate and share confidential information, especially as working from home is rapidly becoming the new norm. SafeRoom’s proprietary technology is revolutionising how businesses of any size can secure employee communication and protect their information by providing military grade end-to-end encryption. The unique off-the-record feature ensures no information is stored on any server or the device. Saferoom includes admin & access controls; remote wipe & screenshot detection, affordable and scalable pricing; guest invitations for external collaboration; and customisation to align with corporate identity. In addition, the SafeRoom founders have successfully built and sold two other consumer messaging platforms, Twyxt and Darkroom over the past decade.
The San Francisco based company currently operates in Mexico and has signed up customers from multiple sectors including financial services, consulting, government, and advertising agencies. SafeRoom is experiencing significant traction and is focused on expansion into Latin America, USA, and Africa. SafeRoom is positioned to provide a robust and secure solution for an undeserved and fast-growing niche “team collaboration” software market that will be worth $50 billion in 2024 in the US alone.
The company is backed by other Silicon Valley and global investors such as Will Bunker, Founder of Match.com and John Battelle, Founding Editor of Wired magazine. As part of Platform’s investment, Dr. Akintoye Akindele, Chairman of Platform Capital will join the company’s board.
Bianca W. Leow, CEO, SafeRoom said, “The SafeRoom team couldn’t be more excited to kick off our partnership with Platform Capital. We have always described ourselves as a global start-up from Day 1; and today with Platform Capital we look forward to adapting to new business environments and making business communication secure and efficient in Emerging Markets such as Latin America, Africa and beyond.”
Paul Okunaiya, Chief Investment Officer, Platform Capital said, “Data breaches affect nearly every organisation with the average cost of each data breach estimated to be c.$4 million, these breaches present a huge risk for businesses. SafeRoom’s proprietary technology enables businesses of any size to seamlessly deploy the same digital experience that their employees are used to in their personal lives with increased security and controls, thereby mitigating these risks. We are delighted about the partnership with Bianca, Roman and the SafeRoom team – who have over 40 years of cumulative experience in developing secure communication platforms – and the opportunity to support their growth in Africa and other emerging markets to position them firmly as a leading global SaaS platform.
SafeRoom is a SaaS platform that offers secure mobile messaging for businesses or teams that value privacy and security – combining security, data control and ease of use. The company is based in San Francisco with an engineering team in Germany and focuses on Emerging market businesses.
About Platform Capital
Platform Capital is a growth markets focused, sector agnostic, principal investment and advisory firm. We deploy patient, value accretive capital alongside international and local value investors to create champion businesses with the potential for regional or global scale. Platform also provides end-to-end bespoke Corporate Finance & Capital Markets advisory services. What makes us different is our obsession with changing the African narrative.