# FSM Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fsm-technologies

- Industry: Software
- Headquarters: Colleyville, US
- Website: www.servicefusion.com
- Total disclosed funding: $10M
- Latest round: Series A (Jul 17, 2018)
- Investors on record: 1

## About

FSM Technologies, LLC develops field service management software designed to optimize operations for service-based businesses through automation and real-time tracking.Founded in 2014 and headquartered in Colleyville, US, FSM Technologies, LLC specializes in field service management software. The company has raised a total of USD 10.00 mn in funding, with its latest funding round being a Series A in July 2018, led by Five Elms Capital. The founder, Max Paltsev, has experience in the software industry, enhancing the company's innovative capabilities.Service Fusion offers an all-in-one field service management software that includes automated scheduling, dispatching, GPS fleet tracking, invoicing, and a mobile application for technicians. The software is particularly focused on improving efficiency and reducing operational costs for industries like HVAC, plumbing, and electrical services, predominantly serving clients in North America.Service Fusion operates on a subscription-based revenue model, providing monthly or annual access to its software. Clients engage in transactions such as work order management and invoicing directly within the platform, which integrates with financial tools like QuickBooks. This model allows for a streamlined workflow and timely payment collection, catering to various business sizes and needs.Looking ahead, FSM Technologies, LLC intends to leverage its recent USD 10.00 mn Series A funding to expand its product offerings and enhance its field service management software. The company plans to enter new geographical markets, specifically targeting expanded operations in North America by 2022. This strategic growth will focus on developing new features to better serve its clients in the service industry.

## Funding rounds

- Series A, Jul 17, 2018, $10M — Five Elms Capital

## Investors

- Five Elms Capital (https://capitalatlas.ai/funds/five-elms-capital) — Series A