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set about the ask permit for construction can take an agonizingly long metre in many cities — whether it ’s for a residential or commercial task .
One newfangled proptech startup is out to make the process much less painful — and faster — for businesses , and has already landed several large customer such as Chick - fil - A , Domino ’s and Chipotle . For business organization like these , time is money . So the quicker they can get up and running , evidently the more revenue they can generate .
That startup — Austin - basedGreenLite — is emerging from stealth today with $ 8 million in seed funding led byTrust Ventures with involution from LiveOak Ventures and Chicago Ventures . The companionship exact that its platform speed permit approval for metropolis planning by 75 % — so that businesses can get permits in a subject of weeks , as opposed to months , or in the uncollectible case , geezerhood .
“ Other companies in the quad only serve one side – the developer or the city means – and they have focused on building task management software for either of those position , ” he told TechCrunch via email . “Other companies in the space also have focalise on enhancing the permit expediting process , which leverage a local middle - man or confabulate firm to facilitate permitting . We are n’t interested in expediting as we do n’t count it scalable . ”
Gallagher , a former Gopuff administrator , added : “ We believe that build one platform that attend all stakeholders on both side is crucial to solve this job . If info lives in silo and everyone involved ca n’t collaborate seamlessly , the permitting process breaks down . ”
Besides the large food chain customers it is working with , GreenLite says it work with hundreds of businesses , including five of the top 10 largest global retail merchant , monumental franchise and EV bear down electronic internet .
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Chick - fil - A in particular had experienced construction permitting timeline that straddle from six-12 calendar month . GreenLite claims it was capable to push back grammatical construction let timeline to workweek .
Founded in July 2022 , GreenLite has managed to gain so much traction in a little menses of time , Gallagher believes , because the “ pain is mellow and problem is real and expensive – so there ’s caboodle of demand . ” He declined to partake any specifics around revenue or financials , or the companionship ’s valuation .
He allege the 27 - somebody company is planning to use its raw capital to grow its go - to - market ( sales and client winner ) team , expand its product and engineering science squad and increase its front in new market .
Currently , while GreenLite says itsupports its customers nationwide , it has a particular focus on Florida and Texas . With the novel upper-case letter , it will aim to advance its presence in New Jersey , Virginia , Tennessee and California .
Sal Churi , worldwide partner at Trust Ventures , described permitting as a “ nightmare . ”
“ It ’s the biggest gating item to building and it ’s completely outdoors of your control . Today permitting means puzzling demand , unexpected delays lead to cost overruns , and zero visibleness into the timeline , ” he indite via email . “ We seat in GreenLite because their team understands this challenge firsthand . The product have customer permits in a third of the meter , in some cases saving over a million dollars in fall behind revenue , and increase transparency . It ’s a biz changer for architect , railroad engineer , and entrepreneurs . ”
