GreenLite, an Austin, Texas-based startup, has emerged from stealth with $8 million in seed funding.
SaaS Investors
The round was led by Trust Ventures, with participation from LiveOak Ventures and Chicago Ventures.
Founded in 2018, Trust Ventures is a venture capital firm helping startups scale innovations in regulated industries. Based in Austin, Texas, the firm focuses on startups and provides knowledge and expertise in incumbent-heavy industries.
GreenLite Use of Funds
The company plans to use the fresh funds to grow its go-to-market (sales and customer success) team, expand its product and engineering team, and increase its presence in new markets. The company aims to expand its presence in markets like Florida, Texas, New Jersey, Virginia, Tennessee, and California.
About GreenLite
Founded in July 2022, GreenLite has developed a platform that accelerates the permit approval process for city planning, allowing businesses to obtain permits in a matter of weeks instead of months or years. Its platform connects developers with city agencies to streamline the permitting process and improve collaboration between stakeholders on both sides.
Funding Details
Company: GreenLite Technologies, Inc.
Raised: $8.0M
Round: Seed Round
Funding Month: October 2023
Lead Investors: Trust Ventures
Additional Investors: LiveOak Ventures and Chicago Ventures
Company Website: https://www.greenlite.io/
Software Category: Modern Construction Permitting & Plan Review Software
Source: https://techcrunch.com/2023/10/31/this-new-startup-aims-to-help-businesses-like-chick-fil-a-get-construction-permits-in-weeks/