# UitilizeCore

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

- Industry: Software
- Headquarters: New York, US
- Website: www.utilizecore.com
- Total disclosed funding: $22M
- Latest round: Series A (May 28, 2023)
- Investors on record: 6

## About

UitilizeCore, Inc. is a technology company based in the US that specializes in optimizing subcontracted service delivery through an integrated suite of products designed for enhanced operational efficiency.Founded in 2016 in New York, US, UitilizeCore, Inc. provides a centralized platform for managing subcontractor services. The company has successfully raised USD 16.7 mn in SERIES A funding on May 28, 2023, with participation from investors including Boldstart Ventures and FirstMark Capital. Their current valuation is USD 50.258 mn. The founder's specific history and prior ventures are not disclosed, and there are no mentions of company pivots or subsidiaries.UtilizeCore offers a suite of five integrated products designed to optimize the delivery of subcontracted services across various industries. These products streamline critical business operations such as subcontractor onboarding and compliance, invoice management, financial workflows, proposal creation, and asset management. By employing a centralized platform, UtilizeCore enhances operational efficiency and enables companies to effectively manage tasks while ensuring high-quality service delivery. The suite primarily serves C-suite leaders, operations teams, and compliance teams across North America, Europe, and parts of Asia, providing tools that facilitate data-driven decision-making through customizable dashboards and real-time insights. The company's client base includes various service-oriented businesses, making it a valuable resource for organizations aiming to improve their operational processes and client satisfaction.UtilizeCore generates revenue through a subscription-based model, offering clients access to its comprehensive suite of products. Clients engage with the platform by subscribing to specific services based on their operational needs, enabling them to manage subcontractor relations, invoicing, and compliance through a single interface. The pricing structure typically includes tiered subscription plans that provide varying levels of access to features, optimizing costs based on the scale and complexity of the client's operations. Regular transactions occur as clients utilize the system for work order generation, invoicing, and ongoing compliance checks, with revenue being realized through monthly or annual subscription fees. The flagship offerings are designed to enhance operational workflows, making the platform essential for businesses looking to enhance profitability and operational efficiency.In May 2023, UitilizeCore, Inc. raised USD 16.7 mn in SERIES A funding aimed at supporting the development of new products and enhancing its existing service offerings. The company plans to expand into additional markets in Europe and Asia by the end of 2024, with a focus on increasing service accessibility and client engagement in those regions. The funding will be utilized to bolster product development and market entry strategies.

## Funding rounds

- Series A, May 28, 2023, $17M — FirstMark Capital, Boldstart Ventures, Mana Ventures, Kearny Jackson
- Seed, May 26, 2021, $5.3M — Boldstart Ventures, Mantis, S12F

## Investors

- Boldstart Ventures (https://capitalatlas.ai/funds/boldstart-ventures) — Seed, Series A
- Mantis (https://capitalatlas.ai/funds/mantis) — Seed
- S12F (https://capitalatlas.ai/funds/s12f) — Seed
- FirstMark Capital (https://capitalatlas.ai/funds/firstmark-capital) — Series A
- Mana Ventures (https://capitalatlas.ai/funds/mana-ventures) — Series A
- Kearny Jackson (https://capitalatlas.ai/funds/kearny-jackson) — Series A