FlowPath Announces $1.2 Million In Seed Funding
ATLANTA, Oct. 19, 2021 /PRNewswire/ -- FlowPath, an all-in-one facilities, operations, and project management platform, announced it closed $1.2 million in seed funding led by Parade Ventures and joined by Bonfire Ventures and Heroic Ventures. Shawn Merani of Parade Ventures joins the board.
Today, facility managers face challenges related to ever-expanding responsibilities, limited budgets, and few resources—all while being under-served by complicated and outdated computerized maintenance management system (CMMS) software. FlowPath is the simplest facilities management platform on the market and was designed to reduce the complexities of existing systems. In fact, FlowPath was purpose-built to scale with the businesses it serves, possessing enterprise capabilities that allow the end-user to make short-term and long-term strategic decisions.
Led by its founding team, Alex Cummings, Brandon Cummings, and Griffin Hamilton, FlowPath allows facilities managers to standardize a process between clients and make scalable procedures for their own teams. The software has a full suite of capabilities made with both the facility manager and service provider in mind, including the management of work orders, equipment, and inventory all in one spot.
In addition, FlowPath's automated reporting and complete Project Management Suite lets users plan, execute, and track multi-stage work. The simplicity, effectiveness, and scalability of the solution support end-users with capabilities in ways no other system on the market can provide.
"This is an incredible team with a uniue approach to providing solutions to a widely-underserved industry problem: outdated and complicated facilities management software," said Shawn Merani, Managing Director, Parade Ventures. "Billions of dollars are spent every year on software that over-serves a majority of the trillion-dollar facilities management space. What FlowPath has been able to accomplish validates the industry's need for updated tools, which is very impressive. I'm thrilled to be on board to support Alex, Brandon, and Griffin in their journey to accelerate their go-to-market efforts and continue to solve this critical pain for customers."
"FlowPath was built from the ground up to be the dream platform of Facilities Management professionals," said Alex Cummings, Co-Founder and CEO, FlowPath. "Over the past year, we have been able to dig into the industry's unique problem set and figured out a simpler, modern solution for Facility Managers. With consistent growth this year and incredible love for our product from customers, we approached a tipping point where we felt FlowPath is ready to take off."
"We sought out investors that believed in our mission and product who also complemented Griffin, Brandon, and me. We are thrilled at where we have landed with the fundraising and are excited to leverage Parade, Bonfire, and Heroic to the fullest, taking FlowPath to the next level for our customers."
About Parade Ventures
About Bonfire Ventures
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