Dallas-based firm SmartMoving, which offers software for the moving services industry, announced a $41.5 million investment from San Francisco-based equity firm Mainsail Partners, according to a news release.
According to the release, the company will use the capital to speed up product development and improve services and customer support.
“Our mission is to build the best software to help moving companies create growth and run their businesses smoothly,” Tobe Thompson, founder and CEO of SmartMoving, said in the release. “More than ever, moving companies require solutions that help their operations run efficiently and deliver high-quality service to their customers. We expect this capital and partnership with Mainsail to support our mission and empower our team to meet and exceed the needs of our customers.”
SmartMoving has business management software for moving companies that target residential, commercial, and government clients. The software is intended to automate all aspects of moving services operations.
“We are excited to partner with the SmartMoving team, which has built an industry-leading solution in the large and growing moving services industry,” Taylor McKinley, Partner at Mainsail Partners, said in the release. “As we got to know the company, what stood out to us was the commitment of the team to serving its customers, the flexibility of the solution the team has built, and the value we believe the solution delivers for customers. We are looking forward to working with the SmartMoving team to build on this strong foundation.”
