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Payzer, a fast-growing mobile and cloud-based software provider, has closed a $23 million 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.
“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 CEO of Payzer.
“Payzer is transforming the trade industries by providing a stellar customer experience through its powerful, fully integrated cloud-mobile platform,” added 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.”
“With increased demand in the home trade markets, the need for financial and operational software capabilities to help contractors fuel their own growth is accelerating. Payzer is poised to take share with their integrated product platform and relentless focus on customer service,” added Benjamin Britt, managing partner at Route 66 Ventures.
Financial Technology Partners (FT Partners) served as Payzer’s exclusive strategic and financial advisor.
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