ServiceChannel, a NYC-based SaaS platform and vertical marketplace for facilities management, raised $54m in growth financing.
The round was led by Accel. In conjunction with the funding, Accel partners Rich Wong and Arun Mathew will join the ServiceChannel Board of Directors.
The company intends to use the funds to expand operations and market reach.
Led by Tom Buiocchi, CEO, ServiceChannel provides a cloud-based solution that automates facilities management professionals’ ability to source, measure, benchmark, manage and pay for contractor-delivered services across a wide range of trade specialties.
The company serves 450+ customers including global brands in the retail, restaurant, and convenience store categories, and is now expanding to distributed enterprises in financial services, grocery, logistics, healthcare, and storage space management.