PermitFlow – a construction permit application and management software for builders and owners – announced it has raised a $5.5 million seed round led by Initialized Capital with participation from founders and executives from other top property-tech and construction-tech companies including PlanGrid, Procore, Bluebeam, Thumbtack, Opendoor, Zillow, and Mighty Buildings. And the leading provider of permitting software, PermitFlow will use this funding to simplify the permitting process further and enable faster and more reliable construction.
PermitFlow’s software simplifies and reduces the time to permit, which expedites one of the biggest pain points in the construction process. Currently, permitting is complicated, slow, and unreliable, and affordable housing projects can take years to get permits approved.
PermitFlow’s software gives contractors and developers the power of a scalable in-house permit research and operations team, taking that complexity off the hands of PermitFlow’s customers. Founded by a team with workflow software and construction experience, the company combines permitting intelligence with software automation to help customers save preparation time, reduce errors, and increase transparency.
In the near term, PermitFlow is focused on further streamlining its customers’ permitting experience via increased automation and additional integrations while building out add-on software and support to serve permitting-related needs.
KEY QUOTES:
“Permitting is one of the biggest pain points in the construction process, delaying and disrupting projects. At a time when housing availability and infrastructure are critical issues in America, it is essential to reduce this barrier. This seed round enables us to accelerate our work to change the status quo and offer a simpler path to permitting. We have already seen our software used for everything from multi-family development in Florida to housing density programs in California, and we are excited to expand our capabilities.”
– Francis Thumpasery, co-founder and CEO of PermitFlow
“Francis, Sam and the PermitFlow team have demonstrated the relentlessness and focus necessary to break one of the construction industry’s most painful bottlenecks. We’re excited to back them at a critical time, when so many of these processes weren’t even digitized until the pandemic.”
– Kim-Mai Cutler, Partner at Initialized
