ServiceTrade, a Durham, North Carolina-based leading provider of software as a service (“SaaS”) application for commercial service contractors, announced that it raised an $85 million growth investment.
The round was led by JMI Equity, a growth equity firm focused on investing in leading software companies. Existing investors Frontier Growth and Bull City Venture Partners also participated in the funding.
With the additional capital, ServiceTrade will increase the pace of new product innovations to continue to meet the heightened demand from commercial service contractors.
Company: ServiceTrade, Inc.
Raised: $85.0M
Round: Growth Funding
Funding Month: December 2021
Lead Investors: JMI Equity
Additional Investors: Frontier Growth and Bull City Venture Partners
Company Website: https://servicetrade.com/
Software Category: software as a service application for commercial service contractors
About the Company: Founded in 2012 by Billy Marshall and Brian Smithwick, ServiceTrade provides software as a service application for commercial service contractors. Contractors use ServiceTrade’s mobile and web applications to streamline service operations, sell more services, and engage customers online to earn revenue growth averaging over 23% year-over-year. Since its 2012 founding, ServiceTrade trusted by more than 800 commercial contractors to run their service business.
Source: https://www.finsmes.com/2021/12/servicetrade-raises-85m-in-growth-funding.html