Ferguson Ventures, the corporate venture capital and strategic partnering arm of Ferguson Enterprises, recently announced a Series C investment in Payzer, a cloud-based field-service management software provider based in Charlotte, North Carolina.
Payzer provides two software products that help specialty trade contractors grow and manage their businesses. Payzerware, the company’s end-to-end field service management system, enables complete business management including schedule / dispatch, sales proposals and maintenance agreements. Payzer, which bills itself as the “all-in-one” financial tool, lets contractors accept payments, offer loans and provide a full range of payment and financing options for customers and employees — all via their mobile devices.
“Every investment we make should help our customers succeed in today’s ever-changing marketplace,” said Kevin Barnes, vice president and managing director of Ferguson Ventures. “Payzer and Payzerware are great examples of software solutions that can help our contractors save time, streamline operations management and grow their profits.”
Ferguson Ventures partners with and invests in early to late-stage companies to solve everyday challenges for Ferguson’s customers in the commercial and residential construction, remodel and services industry. This is the CVC’s third investment.