ServiceChannel provides a cloud-based SaaS platform and vertical marketplace that automates sourcing, measuring, benchmarking, managing and paying for contractor-delivered facilities services. The company serves leading global brands across retail, restaurant, convenience, financial services, grocery, logistics, healthcare, and storage space management. Key operating metrics include 450+ customers representing 220,000 locations in over 70 countries, 50,000 participating commercial contracting companies, $5 billion of customer spend processed annually, and more than 70 million work orders processed. ServiceChannel has introduced machine learning and prescriptive analytics through a Decision Engine that analyzes tens of millions of work orders to produce prescriptive insights. The platform is positioned to deliver lower costs, improved service quality, increased compliance, and greater transparency for facilities programs. The new funding is intended to support the product roadmap and accelerate adoption of a data-driven, automated approach across an $85 billion facilities and contractor management market.

Total raised

$54M

Funding rounds

1

Latest round

Equity

Latest activity

May 2017