What is ServiceTrade?
Founded in 2012 and headquartered in Durham, North Carolina, ServiceTrade operates as a Software-as-a-Service (SaaS) company. Its core offering comprises mobile and web applications that streamline operations for service contractors. These tools facilitate seamless coordination between office personnel and field technicians, ultimately aiming to elevate the customer experience. The company's solutions are critical for businesses looking to optimize their service delivery and customer engagement processes in a competitive 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, Bull City Venture Partners, and JMI Equity
Key Investors in ServiceTrade
Frontier Growth Advisors Pvt
Frontier Growth Advisors Pvt is a professional services firm with a focus on the Food and Agribusiness sector, indicating a potential strategic interest in operational efficiency solutions.
Bull City Venture Partners
Bull City Venture Partners is a venture capital firm based in Durham, NC, specializing in B2B software investments, particularly in early-stage companies. Their involvement suggests confidence in ServiceTrade's software solutions and growth potential.
JMI Equity
JMI Equity is a growth equity firm founded in 1992, with a strong track record of investing in leading software companies. Their participation highlights ServiceTrade's maturity and potential for significant scaling.
What's next for ServiceTrade?
The substantial enterprise-level funding and recent strategic investment signal a pivotal phase for ServiceTrade. This capital is likely to be deployed towards enhancing its technological infrastructure, expanding its market reach, and potentially exploring new service verticals within the contractor software ecosystem. The company's focus on improving operational efficiency and customer satisfaction through its integrated platform positions it for continued growth and market leadership. Future developments may include advanced analytics, AI-driven insights, and further integration capabilities to solidify its value proposition.
See full ServiceTrade company page
