Prefix announced it has raised $7.5 million in a seed funding round to expand its AI-powered solution for multi-site retail and restaurant operators.
The round was co-led by Collide Capital and Slow Ventures, with participation from Connexa Capital, Kyle Archer of Elevated Inc, and existing investors I2BF and Bienville Capital.
The company will use the funding to further develop its AI infrastructure, expand go-to-market efforts, and scale operations to support more than 10,000 locations across the United States.
Prefix addresses inefficiencies in facility management for multi-location businesses, where fragmented vendor coordination and outdated systems can erode more than 10% of profit margins. Its platform acts as a coordination layer between large operators and local service providers, using AI to automate workflows, improve communication, and streamline maintenance operations.
The platform provides 24/7 support for maintenance needs across HVAC, refrigeration, plumbing, and electrical systems, offering real-time visibility into work orders, job status, and invoicing. It integrates with existing systems while enabling faster, more reliable service delivery.
Since launch, Prefix has grown rapidly, supporting nearly 2,000 locations across 50 customers, achieving $2.5 million in annual recurring revenue with 500% year-over-year growth, and delivering measurable efficiency gains and cost savings for clients.
The company is positioning its platform as a scalable solution for large operators seeking to improve operational consistency and reduce costs across geographically distributed locations.
KEY QUOTES:
“We set out to alleviate the most significant headaches in multi-site facility management by improving the flow of data, communication, and service. We are providing a critical layer that helps to optimize operations both in the stores, and in the back-office. Facility uptime is mission critical to every location. A busted air conditioning unit on a hot summer day means operators can’t open that day and the brand faces lost revenue, erosion of customer trust, and employee dissatisfaction. We’re on a mission to make facilities work effortless, making life easier for businesses and the local professionals that service them.”
Jared Schwartzentruber, Founder And Chief Executive Officer, Prefix
“Multi-site operators are managing hundreds — sometimes thousands — of vendors across vastly different geographies, each with their own communication preferences, pricing structures, and compliance capabilities. What makes Prefix so compelling is that it solves the coordination problem at scale — acting as the connective tissue between large brands and the best local technicians in every market they operate in. Prefix creates a single, consistent layer of service delivery wherever a brand has locations. That kind of geographic reach and operational consistency is what separates growing multi-site brands from truly scalable ones.”
Brian Hollins, Founder And Managing Partner, Collide Capital
