A leading management software platform for the liquid waste industry plans to use funds to accelerate its product roadmap
ServiceCore, a provider of cloud-based business management software purpose-built for the liquid waste and roll-off industries, announced a $54 million investment from Mainsail Partners, a growth equity firm focused on investments in fast-growing, software companies. The capital will be used to buy out Full In Partners, the original investor in ServiceCore, and put money on the balance sheet to scale the company.
ServiceCore was founded in 2015 and built an all-in-one platform to help customers in the liquid waste and roll-off industry get their jobs done, get paid, and provide better service to their customers. The software is built to manage work orders, dispatch, billing, payments, and inventory for portables, septic, and roll-off businesses. The company plans to use the capital to accelerate ServiceCore’s product roadmap, expand its customer success team, and continue to support its growing customer base.
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“ServiceCore has always been ambitious,” said Jonah Chilton, CEO of ServiceCore. “We are a customer-first organization that obsesses about making our customers’ lives easier and their businesses more profitable. We want to help move our industry forward by bringing capital and innovation. By partnering with Mainsail, we believe we now have the financial and operational means to accelerate our product roadmap and enhance the platform to better serve our customers.”
ServiceCore is an all-in-one solution designed to significantly improve processes, save time and reduce costs with features like advanced route optimization, automated batch billing, online customer payments, inventory availability forecasting, and a mobile driver application. Employees ranging from c representatives, dispatchers, drivers, accounting staff and executives rely on ServiceCore daily to manage their operations. ServiceCore also services roll-off companies that provide dumpster rentals at construction sites and waste collection services.
“We are proud to partner with the team at ServiceCore which is serving the needs of a historically underserved market,” said Jason Frankel, Partner at Mainsail. “ServiceCore is helping liquid waste business owners and field workers more effectively run their companies, manage their fleets and inventory, and deliver even greater value to their customers.”