Servicengine, a Danbury, Conn.-based SaaS company specializing in relocation management software, has secured $3.1 million investment.
Investor
The funding came from Advantage Capital, a prominent impact investment firm focused on providing capital to underserved areas. Since 1992, it has invested over $4 billion in more than 900 companies, creating 70,000 quality jobs. The firm also prioritizes affordable housing and renewable energy projects to foster community economic growth.
Servicengine Use of Funds
The. company will use the funding to double its workforce and enhance its platform.
About Servicengine
Founded in 1998, Servicengine provides comprehensive software solutions for relocation management companies. Its platform helps streamline the complex processes associated with relocation, including expense management, tax compliance, vendor coordination, and immigration services. The company is dedicated to helping its clients manage employee relocation and remote work logistics efficiently and effectively.
Funding Details
Company: Servicengine Corporation
Raised: $3.1M
Round: Unknown
Funding Date: December 2024
Investor: Advantage Capital
Company Website: https://servicengine.com/
Software Category: Relocation Management
Source: https://www.businesswire.com/news/home/20241211934374/en/