Bay Area-based startup PermitFlow raised $5.5M

Bay Area-based startup PermitFlow raised $5.5M in seed funding to further develop software that simplifies the construction permit application process. The round was led by Initialized Capital and included induvial investors from tech companies Thumbtack, Mighty Buildings, Zillow, and Bluebeam. The startup aims to provide the construction market with faster-permitting software automation, ultimately cutting down on a process that can take years. PermitFlow, founded in 2021, works with dozens of customers, supporting over $600M of project value across more than 2,000 units of housing. The company has been in beta testing since 2021 and works with customers across some of the largest housing markets, including California, Texas, and Florida. The new funding will be put towards further technology development, customer experience enhancement, and expansion into new market areas.