Plano-based FieldAware Announces $24M Funding Round

FieldAware, a company that provides mobile solutions and tools for field service organizations, announced that they’ve raised $24 million in funding.

“WestSummit’s new co-managed fund, Summit Bridge Capital, led the round with support from Silicon Valley Bank and existing investors OpenView Venture Partners, Atlantic Bridge Partners and Oyster Capital Partners who fully participated in the financing,” states today’s press release.

David Lam, Managing Director at WestSummit, stated that, “Field service is a massive and extremely diverse multi-billion dollar market, and FieldAware’s product, with its made for mobile solution, was designed from the ground up for today’s mobile environment. FieldAware’s focus on enabling technicians in the field to generate more revenue, be more productive and improve customer satisfaction is unequaled, and we believe the company is on target to be the clear global leader.”

This $24 million funding round is on top of a recent investment of $12 million from OpenView Venture Partners. “As well as helping the company to grow rapidly in the U.S., the funding partnership will enable the company to exploit opportunities in the China market,” according to the press release.

Bill Beamish, CEO of FieldAware, said that the company’s vision is to provide “mobile productivity tools for the people who are key in the creation of productivity gains in every field service organization – the service technicians.”

“The industry is only now coming of age through the power of mobility,” says Beamish, “and there is a huge opportunity for the application of this disruptive technology in the core business processes in a wide variety of companies throughout the economy.”

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FieldAware is based in Plano, TX and Dublin, Ireland. You can read the full press release on their website.

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