SingleOps Collects $6M Funding for Extension into New Markets
SingleOps closes $6 million in new funding led by Five Elms Capital
Fremont, CA: SingleOps, a solution provider for all-in-one SaaS Business Management Software for outdoor Services companies, raises $6 million in a new funding round. The funding round was led by Five Elms Capital, and Ryan Mandl, a partner at Five Elms, joins the Board of Directors at SingleOps. SngleOps has raised aan overall total of $8.5 million.
SingleOps doubled its revenue, customer base, and staff over the last year. The company's growth has been dependent on outdoor services companies such as landscapers, tree care, lawn care, and landscape supply companies that are looking to improve its productivity by choosing automatic vital processes. However, as COVID-19 began spreading in the states, many outdoor services companies have moved their focus from automating processes to deploying tools to help run the business remotely.
"Our customers are adjusting to changing market conditions by adopting tools like SingleOps that make it easier to perform front- and back-office tasks remotely," said Sean McCormick, CEO at SingleOps. "Using SingleOps, companies can provide estimates, schedule work, manage crews, track labor and materials, and invoice and receive payments, all without meeting customers face-to-face. This has allowed them to continue operating and even increase productivity."
Since its inception in 2013, SingleOps has transformed into a company that serves thousands of customers across hundreds of accounts, including large companies such as Arbor Masters, Capital land Management, and Quality Care, that utilizes the SingleOps platform to process more than $1.5 billion in revenue. The company plans to use the funding to broaden its solution set and grow ass it.
"The overall perception is that the green industry has been relatively insulated from COVID-19," said McCormick. "Many of these businesses are considered essential in terms of the services they provide, such as tree care, which can be vital from a safety perspective. And, depending on the state, city, and county, even maintenance work has proceeded as usual. Our ability to support these companies by allowing them to access key data and perform business-critical tasks from anywhere while limiting in-person meetings has helped to keep our business going strong through these unprecedented times."
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