# DevonWay

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/devonway

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.devonway.com
- Total disclosed funding: $14M
- Latest round: Series C (Dec 14, 2010)
- Investors on record: 1

## About

Based in the US, DevonWay Inc. specializes in providing integrated software solutions that enhance Quality Management, Environmental Health and Safety, and Asset Management systems across various industries.Founded in 2005 and headquartered in San Francisco, US, DevonWay Inc. focuses on optimizing operational processes through innovative software. The company has successfully raised a total of USD 7.05 mn, with the most recent funding round being a Series C led by Crosslink Capital on September 27, 2023. Robert Felton is the founder, and Chris Moustakas currently serves as the CEO.DevonWay offers a comprehensive suite of software solutions designed to optimize Quality Management Systems (QMS), Environmental Health and Safety (EHS), Enterprise Asset Management (EAM), and Workforce Management (WFM). These integrated products are engineered to break down traditional silos in operational processes, providing users with a cohesive platform that promotes collaboration across departments and organizations. Key functionalities include self-service business intelligence dashboards, mobile applications for both online and offline use, and universal trending integrations that simplify data management. The solutions cater to multiple industries including energy, oil and gas, biotechnology, engineering and construction, government, and manufacturing, serving a diverse client base of organizations such as Takeda and Quaker Houghton. Geographically, DevonWay's products are marketed across North America, Europe, and Asia, addressing the needs of high-risk and highly regulated sectors.DevonWay’s revenue model is structured around subscription-based services, providing clients with access to their software solutions on a recurring basis. The company engages primarily in B2B transactions, establishing partnerships with organizations that require robust asset management and safety compliance tools. Clients typically subscribe to the DevonWay platform, which includes flagship products like the Contractor Assurance System (CAS) and the Computerized Maintenance Management System (CMMS). Pricing plans are designed to reflect the scale and specific needs of the enterprise, ensuring that clients receive tailored solutions that align with their operational demands. As organizations utilize DevonWay's software, they benefit from enhanced efficiencies and reductions in operational risks, contributing to overall improvements in productivity and compliance.In September 2023, Ideagen Plc, a portfolio company of Hg, agreed to acquire DevonWay Inc. The acquisition aims to expand Ideagen’s offering of high-risk sector services. The recent funding will support the integration of DevonWay's solutions within Ideagen’s portfolio, potentially enhancing their market presence and service capabilities in North America, Europe, and Asia.

## Funding rounds

- Series C, Dec 14, 2010, $7M — Crosslink Capital
- Series A, Jan 9, 2008, $6.5M — Crosslink Capital

## Investors

- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Series A, Series C