Foley Advises SafeSpace in Funding Round

Foley & Lardner LLP advised SafeSpace in its $2 million (BRL 11 million) funding round. The round was led by ABSeed Ventures fund and followed by DGF Investimentos and angel investors. This is the largest VC investment ever made in Brazil in a female-led startup.

Developed by founders Rafaela Frankenthal, Giovanna Sasso, Natalie Zarzur, and Claudia Farias, SafeSpace is a digital platform forreporting and tracking cases of misconduct in the workplace. The platform provides two applications – one is for the employee to register the complaint, and the other is for the administrator, usually the company’s HR or compliance sectors, to manage the information, ask questions to the employee, and map conflict patterns. Today, SafeSpace serves more than 50 companies and 15,000 employees.

The capital secured in the seed round will be used to improve the product and structure the commercial and marketing areas, focusing on client acquisition.

The Foley team was led by Partner André Thiollier.