Payzer Raises $23M in Series D Round

Payzer, a fast growing mobile and cloud-based software provider, has closed a $23M 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.

Read More:  Oro Inc. Launches OroMarketplace to Drive Multichannel B2B Sales Growth for Businesses

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 Chief Executive Officer of Payzer.

“Payzer is transforming the trade industries by providing a stellar customer experience through its powerful, fully integrated cloud-mobile platform,” said Wayne Hunter, Managing Partner at Harbert Growth Partners.

Read More:  SalesTechStar Interview with Nikhita Hyett, MD, Europe at BlueSnap

“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,” said Benjamin Britt, Managing Partner at Route 66 Ventures.

Financial Technology Partners (FT Partners) served as Payzer’s exclusive strategic and financial advisor.

Read More:  Winning In Sales In A Pandemic, One Year Later