UtilizeCore Raises $5.3M in Funding

UtilizeCore, a NYC-based automated platform to power service management, raised $5.3m in funding.

The round was led by boldstart ventures with participation from S12F, Mantis VC and other strategic investors.

The company intends to use the funds to expand operations and its business reach.

Co-founded by Ryan Gottfriend, CEO; Jason Kwait, President; and Johnny Zhu, COO, UtilizeCore helps service management companies manage all work streams through a platform focused on IFM (Integrated Facility Management). Key features on the platform include client and subcontractor logins; weather automated dispatch; service tracking; alert notifications; auto routing, auto pay and auto invoicing, messaging, service company ratings, real-time status updates, GPS functionality and 25 key integrations with accounting, payment and CRM systems, etc. There are more than 50,000 companies buying and selling on the UtilizeCore platform, and more than 2 million work orders have been processed.