Melbourne-based software as a service (SaaS) company Zipline.io has raised $6 million in a Series 2A funding round as it looks to expand in Australia and launch in the US next year.
Founded by former Microsoft Asia Pacific executive Michael Momsen (pictured above) and formerly trading under the name Ratelt from 2015 to 2020, Zipline.io’s software ensures visitors have a valid COVID-19 vaccination and that they are not running a temperature.
Its clients include Calvary Health Care, Hall & Prior, Baptistcare, Benitas, Brightwater, Estia Health, Regis and Shepparton Villages.
Zipline.io’s growth has soared by over 300% in 2020, rising past $5 million in annual recurring revenue, a target that triggered the raise which was led by investment company EVP and supported by software-specific venture capital business King River Capital.
“The demand for automating in-person compliance is here to stay. Organisations were already looking into this space, the pandemic has simply made these issues more critical to solve now,” said Momsen.
He noted that at the same time many providers are “drowning in compliance admin”.
“It’s a pleasure to be building solutions that free up our customers to do what they do best – be it patient care or customer service,” he said.
“Our motto through the pandemic has been ‘Be fast, be secure, be easy and be awesome to work with.”