RECENT NOTABLE ACTIVITY – FIELD FORCE AUTOMATION
- FieldBuddy, a field service management software developer raised an undisclosed amount in Series A funding, led by Solid Ventures. Link
- IFS, enterprise software developer acquired Workwave, a cloud-based service management developer for an undislosed amount. Link
- MapAnything, a geo-analytics solution provider raises $6 Millon in debt financing from Square 1 Bank. Link
- Rhumbix, a field automation tools developer for the construction industry raised $6.8 Million from an undisclosed investor, Link
- Coredinate, a service management application developer raised Euro €1.9M in Series A funding led by High-Tech Grunderfonnds. Link
- Noticeboard, a communication platform developer raised undisclosed funding from Shamik Sharma and Aparmeya Radhakrishna. Link
- Schedule IT, a scheduling and routing application developer raised 365K from an undisclosed investor. Link
- WorkerSence, a safety management application developer raised $50K in private equity offering from an undisclosed investor. Link
- Pillar Technologies, a risk management platform developer raised $2.75M in seed round, led by XL Innovate. Link
- Kanhua, a collaborative network provider acquired Project DocControl, a project management solution developer for an undisclosed amount. Link
- FieldAssist, a cloud-based sales force automation tools developer raised undisclosed amount from SIDBI(Small Industries Development Bank of India). Link
- GoFormz, a form-based mobile application developer has raised $ 0.5M from an undisclosed investor. Link
- Housecall Pro, a service management application developer raised $ 11M in Series B funding from an undisclosed investor. Link
- Evatic, European leading service management solution developer acquired Winserv, a Swedish service management software developer for an undisclosed amount. The acquisition will help Evatic to expand its customer base to 800 companies across 30+ countries. Link
- Scanco Software, a warehouse management and manufacuring automation developer acquired Synergistic Software Solution, a job management tool developer for an undisclosed amount. Link
SOME INTERESTING STARTUPS FOUND
CompanyCam (2015, Nebraska) AR-enabled photo evidence collection and management tools used by construction field teams to collect image evidence and generate field notes. The company had processed and collected over 10 million images from the 1 million projects created on its platform.
LEADER BOARD – FIELD FORCE AUTOMATION
Maintenance Services Management
Astea (1979, Horsham, IPO) – Provides applications for lead generation, project quotation, service and billing, and asset retirement services for specific businesses requirements like campaigns, depot repair, field service, logistics, projects, field sales. It also offers infrastructure tools and services, went Public in 1995.
ServiceMax (2007, Pleasanton, $202M, Acq.) – A complete on-demand field service cloud-based solution built on the Salesforce1 platform, to manage post-sales service, field service supply chain. Acquired by GE Digital. Backed by Salesforce, Mayfield, Emergence Capital, KPCB, Trinity Ventures, Meritech Capital, Crosslink Capital, Adams Street Partners, Questmark Partners, Woodside Fund, Cross Creek Advisors, PTC, GE Ventures, Cloud Apps Capital Partners, Sozo Ventures.
Home Services Management
ServiceTitan (2012, Glendale, $98M) – Provides service and sales management software for services businesses. includes CRM, scheduling, dispatch, reporting, marketing management tools, mobile connectivity for field techs, GPS, Quickbooks integration and more. Backed by Bessemer Venture Partners, Iconiq Capital, Mucker Capital.
Construction
Procore Technologies (2003, Carpinteria, $181M) – SaaS based tool for construction project management, provides a mobile app for bidding, document management, budgeting, creating RFIs and managing contracts. Backed by Bessemer Venture Partners, Lead Edge Capital, Iconiq Capital, Lumia Capital, Tech Coast Angels, Persistence Partners, TenOneTen, MicroVenture Marketplace, O’Connor Ventures, Greater Pacific Capital.
Field Data Collection
ProntoForms (2001, Ottawa, IPO) – Platform for field personnel to help in data collection, surveys, inspections with features for customization, work orders etc. Backed by Skypoint Capital, BDC Capital, CANARIE, Wesley Clover, Venture Coaches. Went Public on Canadian Venture Exchange in 2005.
Collaboration – Images & Video
Zinc (2013, San Francisco, $31.5M) – Provides an interface to facilitate communication between workforce which includes onsite and offshore workforce. Provides features secure message interface, broadcast support, media sharing which include audio and video, file & location sharing, report generation and analytics solution and others. Backed by Charles River Ventures, Emergence Capital, Hearst, GE Ventures.
UpSkill (formerly APX Labs) (2010, Herndon, $29M) – Provides software platform Skylight SDK that companies use to create smart glasses applications.Used to sell optical wearable technologies to the military for applications ranging from connecting soldiers to unmanned aerial vehicles for medics in the field; before it focused on industrial applications. Backed by Salesforce, GE Ventures, NextGen Angels.
Oil & Gas Field Services
LiquidFrameworks (2001, Houston, $5M) – Provides field management solutions for energy and environmental industry, streamlining processes between operations, field personnel, and accounting reducing DSO (Days Sales Outstanding). Features include sales quotes, equipment and personnel tracking, scheduling and dispatching, service tickets, domain specific functionality for oilfield, industrial and environmental operator and services companies. Backed by Houston Ventures.
Sales Force Management – Sales Enablement
Tactile (2012, Redwood City, $30M) – Mobile app for sales personnel which enables sales managers and sales reps to get data from different platforms and let them take action. Backed by Accel Partners, Microsoft Ventures, Redpoint Ventures.
Sales Force Management – Order Management
Spring Mobile Solutions (2001, Seattle, 84.73M) – Provides field service management solutions for sales, marketing and distribution teams. Provides tools to capture and gather field data, plan routes for sales and delivery, messaging and collaboration, sales materials, monitoring, surveys, invoicing, payments integration, territory management and more. Backed by NEA, Goldman Sachs, Intel Capital, Industry Ventures, Hercules Capital, Darby Overseas Investments, Ideiasnet, Sapphire Ventures, Bregal Sagemount.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
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