Payzer, a fast growing mobile and cloud-based software provider, has closed a $23M Series D round of equity capital led by Harbert Growth Partners. Existing and new investors including Grotech Ventures, Route 66 Ventures, Ferguson Ventures, IDEA Fund Partners, and Alerion Ventures also participated.
Payzer intends to use the proceeds to increase its focus on delivering its market leading software product, Payzerware, for HVAC, plumbing, electric, roofing, and other specialty trade markets.
The Company’s software product, Payzerware, is an end-to-end Field Service Management platform which helps contractors run their business, grow sales, and simplify back-office operations. Payzerware provides complete business management software including schedule / dispatch, invoicing, sales proposals, and maintenance agreements. It also enables a full range of payment and financing solutions, which further help contractors decrease outstandings, generate more revenue per job, and save time.
Payzer also helps their customers by providing reliable software that addresses everyday problems, trustworthy financial tools that deliver cash flow and growth, and exceptional customer service and support, known as Payzercare.
“Our contractors have come to rely on us for innovative management software, seamlessly integrated financial services, and friendly customer service. This additional funding allows us to continue our rapid growth,” said Joe Giordano, Co-Founder and Chief Executive Officer of Payzer.
“Payzer is transforming the trade industries by providing a stellar customer experience through its powerful, fully integrated cloud-mobile platform,” said Wayne Hunter, Managing Partner at Harbert Growth Partners.
“Payzer has demonstrated a track record of growth by focusing its product and people on solving problems for contractors in the massive service trade industry”, said Don Rainey, General Partner at Grotech Ventures, “which is why we continue to invest to help further their success.”
Scale Finance managed Payzer’s process to raise their first venture capital round years ago, has provided other finance/accounting support services since then. SF Managing Director Dave Gilroy is an investor in the company.