What is ServiceTrade?
Founded in 2012, ServiceTrade operates in the business software sector, offering a comprehensive suite of mobile and web applications designed to enhance customer service for service contractors. Its platform facilitates seamless coordination between office staff and field technicians, optimizing the delivery of customer experiences. The company's technology addresses a critical need for efficient workflow management and customer engagement within the service industry, positioning it as a key player in the field service management software market.
How much funding has ServiceTrade raised?
ServiceTrade has raised a total of $90.2M across 4 funding rounds:
Private Equity
$700K
Private Equity
$4.1M
Debt
$350K
Private Equity
$85M
Private Equity (2012): $700K, investors not publicly disclosed
Private Equity (2015): $4.1M, investors not publicly disclosed
Debt (2020): $350K supported by PPP
Private Equity (2021): $85M featuring Frontier Growth Advisors Pvt, JMI Equity, and Bull City Venture Partners
Key Investors in ServiceTrade
Frontier Growth Advisors Pvt
Frontier Growth Advisors Pvt is a professional services company with a focus on the Food and Agribusiness space, indicating a potential strategic interest in operational efficiency solutions.
JMI Equity
JMI Equity is a growth equity firm founded in 1992, specializing in investments within leading software companies, suggesting a focus on scalable SaaS businesses.
Bull City Venture Partners
Bull City Venture Partners is a venture capital firm based in Durham, NC, that concentrates on B2B software investments, particularly supporting early-stage software founders.
What's next for ServiceTrade?
The recent major strategic investment signals a pivotal phase for ServiceTrade, likely indicating a move towards scaling operations, expanding market reach, and potentially enhancing its technological capabilities. With a history of consistent funding rounds, including private equity and debt financing, the company appears well-positioned for sustained growth. This latest backing will likely enable ServiceTrade to further solidify its competitive advantage and pursue new opportunities within the enterprise software landscape.
See full ServiceTrade company page
