Payzer Raises $23M in Series D Funding


Payzer, a Charlotte, N.C.-based mobile and cloud-based Field Service Management software provider, closed a $23M Series D round of equity funding.

The round was led by Harbert Growth Partners with participation from Grotech Ventures, Route 66 Ventures, Ferguson Ventures, IDEA Fund Partners, and Alerion Ventures.

The company intends to use the funds to expand its business reach across HVAC, plumbing, electric, roofing, and other specialty trade markets.

Led by Joe Giordano, Co-Founder and Chief Executive Officer, Payzer provides Payzerware, an end-to-end Field Service Management platform which allows contractors to run their business, grow sales, and simplify back-office operations. The company 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. Payzerware is distributed with Payzercare, a customer service offering.