Think that you are planning to build or renovate a house. The excitement and expectation might be good, but the struggles of getting a permit will be a hard task. The process is also very frustrating and consumes both time and expense. Here comes the significance of Permit Flow. It’s a startup software solution that helps you to get that permit. Recently they just raised $31 million to make the process easy and just quick like the turbo tax. Read this blog for the detailed information.
What is PermitFlow?
Permit flow is a software solution that is designed to streamline all the construction permitting processes. It will provide the end to end workflow such as covering all the initial research, application to preparing permit, its submission and the issuance of permit. For an individual doing own is a hilarious task. But this personal assistance will make it easy and organized.
Nowadays new people find ways and raises millions for the growth and development of their own start up business. The later to continue with it.
Y Combinator Alum
Y Combinator Alum is one of the most famous and prestigious startup accelerators in the whole world. The startup Permit Flow is one of the top alumnus of this Y Combinator. In early 2022, they helped to refine the product and business model of Permit Flow. These mentorships and connections have a significant part in this startup journey.
$31 Million Raised for PermitFlow
The PermitFlow became the top headlines in recent months because of huge amount raising. Yes, the company secured $31 million in series A funding. This round was led by the popular venture capitalist Kleiner Perkins. You all may have noticed that the same company earned $5.5 million in the last year in seed funding. From that to this series A funding will expand their services nationally and internationally. This will also improve the product offerings and make the permit process more efficient, easy and affordable.
Affordable Houses
The main thing you all know is getting a permit is more of a task than constructing a house. If the permit takes more time, it will be very expensive and a large amount is lost from savings to build a house. The PermitFlow key mission is to make houses in a more affordable way. For this, they speed up the process and that will reduce the time. By doing this, they will lower your overall cost and make it more affordable. As per their site, PermitFlow helped over 5000 units of housing and planned to prioritize the method.
PermitFlow During COVID and LLMs
The COVID-19 pandemic have positively and negatively impacted many industries. In the case of permit flow, the covid accelerated the digital transformation. The company took this scenario has the advantage. They integrated the digital permitting platforms used by municipalities. Besides this, they worked on the Language Learning Models (LLMs) into their software. This model will help the users decipher the complex permitting requirements and streamlining the submission process. This makes the process more easier and affordable.
Other Startups Raised Capital
The idea is very helpful for many people who are planning to build or renovate houses. Permit Flow is not the only startup for this. There are other startups raised in this construction permitting space.
The companies like Pulley and Greenlite have also raised capital for solving the same issues and providing services just like the PermitFlow do. The company Pulley that is based in San Francisco raised $4.4 million in seed funding. Like this, GreenLite, based in Austin, raised $8 million. These startups can also become the most competitive of the PermitFlow. All these will make the construction permitting process more transparent, faster and budget friendly without errors.
Permit Flow is a very potential and growing startup. This big raising of $31 million will surely influence the overall permitting industry as well as the entire growth of the company.
