TOA Technologies Raises $66M from Technology Crossover Ventures

TOA Technologies, a Beachwood, OH-based provider of a cloud-based field service management software solution, raised $66m from Technology Crossover Ventures (TCV).

In conjunction with the funding, TCV’s Tim McAdam will be joining TOA Technologies’ Board of Directors.

The company intends to use the funds for global expansion as it pursues a broadening variety of organizations with mobile employees.

Founded in 2003 by Yuval Brisker, CEO, TOA Technologies developed ETAdirect, which leverages cloud, mobile, social and context-aware technologies, as well as the predictive and actionable information it delivers in real-time, to allow large enterprises manage their field services (e.g. the right field employee gets to the right appointment with the right tools and the right information, on-time, every time).

The company, which serves a wide array of industries including telecommunications and pay TV, utilities, B2B services, healthcare and retail, has offices throughout Europe, Latin America, Australia and New Zealand.



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