2 SaaS Startups in the Field Support Industry

January 24, 2023

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SaaS startups have become the darling of Venture Capital investors, especially in the Field Support industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 2 VC funded SaaS startups in the Field Support industry.

Routespring

To make travel for regular business travelers easier, a group of ardent travelers and technology aficionados got together. RouteSpring, Inc. was founded as a result of the aggravating experience of spending more than 15 minutes waiting to engage in productive discussion with a travel agent at a hefty transaction cost. Our platform enables more convenient employee travel booking, excellent reporting and compliance for travel managers, and strong governance for CFOs in a way that is both efficient and affordable. Our goal is to make enterprise-grade travel solutions and premium services available to all small and medium-sized businesses at competitive prices. In managing highly mobile field crews, we are professionals. To ensure that road warriors successfully complete their business objectives and return safely, our internal customer success team is available 24/7 through a variety of means. Our complete solution includes elements like: - Mobile apps for booking flights, hotels, auto rentals, and trains online - Credit cards - Corporate dashboard and reporting; - Automated expense management Policy management, hierarchical approval, and special requirements - 24/7 duty of care Support for dedicated travel

Company details:
Founders:
Hitesh Sharma, Tarun Upaday
Founded:
2020
Based in:
Bethesda, Maryland, United States
Website:
Routespring
Industries:
Business Travel, Field Support, SaaS, Travel Agency
Latest funding:
$1,300,000
Seed
15 July 2021
Total funding:
$2,500,000
Investors
Panamax Capital

ToolSense

ToolSense is on a mission to increase the efficiency, productivity & sustainability of the asset-intensive companies that make up the backbone of our global economy. Our ToolSense Asset Operations Platform captures data from our IoT devices and digitizes all processes around the asset - which makes it easy for asset-intensive companies to act on data insights and ensure full workflow digitization & business process automation. By using ToolSense our customers realize cost savings, improve compliance and automate processes - so that they can concentrate on their actual job: enabling our daily lives and economic growth.

Company details:
Founders:
Alexander Manafi, Benjamin Petterle, Rostyslav Yavorskyi
Founded:
2017
Based in:
Vienna, Wien, Austria
Website:
ToolSense
Industries:
AgTech, Analytics, Building Maintenance, Cloud Computing, Field Support, Information Technology, Property Management, SaaS
Latest funding:
$8,433,889
Series A
12 December 2022
Total funding:
$11,968,158
Investors
PwC, btov Partners, aws Gründerfonds (aws Founders Fund), Matterwave Ventures, Sander van de Rijdt

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