Service Fusion collects $10m in Series A led by Five Elms

Service Fusion, a field service management company, has collected $10m in a Series A led by Five Elms Capital.

Founded in 2014, the company offers field service management solutions which include work order entry, intelligent scheduling and dispatching, instant invoicing, integrated payments, and real-time communication with workers and customers.

Through the platform, clients can access an integrated invoicing and payment processing system to create custom invoices, accept credit card payments via a built-in gateway, as well as process payments from checks and cash. Inventory management tools are also available, as well as a solution to track worker schedules and live location.

To support a business with their accounting, Service Fusion offers a single system with automatic synchronisation of job deposits, payments and invoices.

The system tracks the daily office activity and staff work hours, with the ability to calculate regular and overtime pay on a daily or weekly basis.

Following the funding, Texas-based Service Fusion is looking to grow its engineering, customer support, and sales teams.

This round of financing will be used to further growth and accelerate the launch of new services for its customer base, which currently sits at 2,000.

Service Fusion CEO Max Paltsev said, “As one of the fastest growing technology companies in Texas, we are extremely excited to be able to create more career opportunities in this region. This investment will allow us to better serve our customers’ needs by adding top-notch talent to every team at Service Fusion.”

Five Elms Capital previously invested into online auto insurance platform Goji in 2016, as part of a $19m funding round. The company went on to raise a $15m round late last year, bringing its total funding to over $100m.

Copyright ? 2018 FinTech Global

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