ATLANTA, April 23, 2020 /PRNewswire-PRWeb/ -- SingleOps, the leading all-in-one SaaS business management software for outdoor services companies, announces $6 million in new funding. Five Elms Capital led the round, and Ryan Mandl, Partner at Five Elms, joined the SingleOps Board of Directors. SingleOps has now raised $8.5 million overall.
SingleOps doubled its revenue, customer base, and staff in the past year. The company's growth has been fueled by outdoor services companies such as landscapers, tree care, lawn care, and landscape supply companies that wanted to improve productivity by automating key processes. However, as COVID-19 began showing up in the States, many outdoor services companies shifted their focus from automating processes to deploying tools that would allow them to run their businesses 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."
Founded in 2013, SingleOps has grown to serve thousands of users across hundreds of customer accounts, including large companies such as Arbor Masters, Capital Land Management, and Quality Care, that collectively have used the SingleOps platform to process over $1.5 billion in revenue. SingleOps plans to use the new funding to expand its solution set, either organically or through acquisition, and grow its team. The company is still hiring across all key areas, from sales and marketing to product development and customer-facing operations.
"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."
"The green industry generates nearly $100 billion in annual revenue and yet, many companies in the space are still using email, spreadsheets, and pen and paper to manage projects, payments and invoicing," says Mandl. "As they look for ways to be more efficient, competitive and profitable, updating their business systems is a logical solution. In a short time, SingleOps has established itself as the leading modern all-in-one business management platform for the outdoor services industry. Sean has put together a great team and product, and we are thrilled to lead this investment."
About SingleOps
SingleOps is the leading all-in-one business management software for outdoor service industries, including tree care, lawn care, full-service landscaping, sod farms and landscape supply. The company serves thousands of users who have collectively processed over $1.5 billion in revenue through SingleOps, and use it daily to operate their businesses and interact with clients. SingleOps is headquartered in Atlanta, GA. For more information, please visit singleops.com.
About Five Elms Capital
Five Elms Capital is a global growth equity firm that invests in fast-growing B2B software businesses that users love. Five Elms provides capital and resources to help companies accelerate growth and further cement their role as industry leaders. For more information, visit http://www.fiveelms.com.
SOURCE SingleOps
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