NodaFi raises $3.5M to become the ‘Salesforce for facility operations’

by | Jul 5, 2024 | Technology

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NodaFi, a cloud-based facility operations platform, has secured $3.5 million in seed funding to transform the $21 billion facility management software industry. Base10 Partners led the round, with Stage 2 Capital, MKT1, and FJ Labs also participating. The investment aims to accelerate NodaFi’s mission of modernizing facility operations through innovative solutions.

Founded by Jacob Pandl, Mike Loyda, and Dan Pettay, NodaFi has set an ambitious goal to “reclaim one billion hours for essential workers managing critical infrastructure” by 2026. This objective highlights the significant inefficiencies in the sector, where an estimated 70% of work time is deemed unproductive.

“Facilities management employs over four million people in the United States and stands as the silent backbone of our community,” said Jacob Pandl, CEO of NodaFi in an exclusive interview with VentureBeat. “Yet, they’re burdened by persistent inefficiencies which are further amplified by subpar software solutions.”

NodaFi’s platform integrates preventive maintenance, work order management, and asset tracking to enhance operational efficiencies across diverse industries including self-storage, health and wellness, biotechnology, and healthcare. The YMCA, Astellas Therapeutics, and Staples are among the notable clients that have adopted NodaFi’s solutions.

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Explosive growth: NodaFi’s 522% year-over-year expansion signals market disruption

The company has demonstrate …

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NodaFi, a cloud-based facility operations platform, has secured $3.5 million in seed funding to transform the $21 billion facility management software industry. Base10 Partners led the round, with Stage 2 Capital, MKT1, and FJ Labs also participating. The investment aims to accelerate NodaFi’s mission of modernizing facility operations through innovative solutions.

Founded by Jacob Pandl, Mike Loyda, and Dan Pettay, NodaFi has set an ambitious goal to “reclaim one billion hours for essential workers managing critical infrastructure” by 2026. This objective highlights the significant inefficiencies in the sector, where an estimated 70% of work time is deemed unproductive.

“Facilities management employs over four million people in the United States and stands as the silent backbone of our community,” said Jacob Pandl, CEO of NodaFi in an exclusive interview with VentureBeat. “Yet, they’re burdened by persistent inefficiencies which are further amplified by subpar software solutions.”

NodaFi’s platform integrates preventive maintenance, work order management, and asset tracking to enhance operational efficiencies across diverse industries including self-storage, health and wellness, biotechnology, and healthcare. The YMCA, Astellas Therapeutics, and Staples are among the notable clients that have adopted NodaFi’s solutions.

Countdown to VB Transform 2024

Join enterprise leaders in San Francisco from July 9 to 11 for our flagship AI event. Connect with peers, explore the opportunities and challenges of Generative AI, and learn how to integrate AI applications into your industry. Register Now

Explosive growth: NodaFi’s 522% year-over-year expansion signals market disruption

The company has demonstrate …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]

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