PermitFlow, a Milpitas, California-based company that offers end-to-end workflow automation for construction permitting, has raised $31 million in Series A funding.
SaaS Investors
The round was led by Kleiner Perkins, with participation from Felicis, Altos Ventures, Initialized Capital, Y Combinator, and angel investors.
Founded in 1972, Kleiner Perkins is a venture capital firm based in Menlo Park, California. The firm specializes in investing in early-stage, incubation, and growth companies.
PermitFlow Use of Funds
With the Series A funding, PermitFlow plans to continue its national expansion and to continue to prioritize its mission to make housing development more affordable.
About PermitFlow
Founded in 2021, PermitFlow is a company that built construction permit applications and management software. Its software handles the preparation, filling, and submitting of permit applications to municipalities, along with identifying an optimal permitting path. PermitFlow primarily works with general contractors to help make the permitting process less painful. The company facilitated permits for over 5,000 housing units and has dozens of customers using PermitFlow on a subscription basis, including Red Tail, Urban Moment, and Wright Construction. PermitFlow serves the construction industry, aiding developers, builders, and contractors. Based in Milpitas, California, PermitFlow participated in Y Combinator in early 2022.
Funding Details
Company: PermitFlow
Raised: $31.0M
Round: Series A
Funding Month: February 2024
Lead Investors: Kleiner Perkins
Additional Investors: Felicis, Altos Ventures, Initialized Capital, Y Combinator, and angel investors
Company Website: https://www.permitflow.com/
Software Category: Construction Permit Application and Management Software
Source: https://techcrunch.com/2024/02/21/this-yc-alum-just-raised-31m-to-build-the-turbotax-for-construction-permitting/