CHARLOTTE – Payzer, a mobile and cloud-based software provider, has closed a $9.2 million Series C round of equity, the company said.
Existing investors Route 66 Ventures, Grotech Ventures, IDEA Fund Partners, MetaBank and others as well as by Ferguson Ventures, the Corporate Venture Capital (CVC) and strategic partnering arm of Ferguson Enterprises, contributed to the funding.
Charlotte-based Payzer said it intends to use the proceeds to increase its focus on delivering software products for HVAC, plumbing, electrical, solar, and other specialty trade markets.
“Payzer is growing rapidly because we’re meeting the needs of the contractor,” said Joe Giordano, Co-Founder and CEO of Payzer in a statement.
They execute well, says Grotech
“Our contractors have come to rely on us for innovative software, reliable payment technologies, and friendly customer service. This additional funding allows us to increase our investments in all three areas.”
“The team at Payzer continues to execute well,” said Don Rainey, general partner at Grotech Ventures in a statement. “They take customer success seriously and have demonstrated success with the Payzerware platform. Grotech is pleased to continue our support for Payzer.”
Kevin Barnes, vice president and managing director of Ferguson Ventures said, “Payzer is a great example of a software solution that can help our contractors save time, streamline operations, and grow their profits.”
Payzer provides two software products that help contractors grow and manage their businesses:
Payzerware, the company’s End-to-End Field Service Management system, enables complete business management, including schedule / dispatch, sales proposals and maintenance agreements.
Payzer, the All-in-One Financial Tool, allows contractors to accept payments and offer loans providing the flexibility to offer a full range of payment and financing options for customers and employees — all via their mobile devices.