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Flashtract Raises $15M To Streamline The Business Of Construction

Jan 13, 2022•over 3 years ago

Amount Raised

$15 Million

Atlanta

Description

Flashtract, a cloud-based software company that is dramatically improving billing and payments for construction projects, announced today the close of a $15 million Series A funding round led by Addition and Shine Capital. The new financing will help Flashtract accelerate the growth of its team, as well as rapidly scale its network of new contractors, cementing its position as the industry standard for sending and receiving payments across its connected ecosystem.

Company Information

Company

Flashtract

Location

Atlanta, Georgia, United States

About

Flashtract is a cloud-based software company that simplifies the billing and payment process for contractors. Flashtract is designed to track, manage and expedite payment applications, lien waivers, compliance requirements, change orders, and all other documents that keep construction projects running. Flashtract was built specifically for construction, which creates a level of focus and drive that has made the organization the fastest-growing billing solution in the industry. In addition to its core functionality, Flashtract works alongside contractors' existing technologies like accounting programs, ERP systems, and project management tools. The company focuses on being easy to work with, having an implementation time of just a few hours, and providing a "usage-based" pricing model, which allows companies of all sizes to take advantage of this new approach to construction billing. Most importantly, Flashtract maintains the highest level of customer satisfaction, which can be seen at Capterra. Learn more about how Flashtract is empowering construction organizations across the country here.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech