SMS Assist raises $150M

What does SMS Assist do?
SMS Assist, is an innovative mobile and cloud based multi site property management firm. This company is revolutionizing the multi site property management market using SMS proprietary tech platform. It is revolutionizing facility services market through its remarkable technology. Most big multi-location chains rely on largely on local subcontractors for providing their facility maintenance services, like plumbing, electrical, mechanical repairs window cleaning, carpentry, floor cleaning, snow removal, landscaping, maintenance of parking lots and many other services. Management responsibility for these services are delegated to the operating units, so significant chances of leveraging technology, subject matter expertise and economies of scale are lost. As a integrator with more then 400K unique customer sites under contract, this company helps customers in reducing their expenditure on facilities services on an average of 20%, while improving or maintaining the quality and providing great transparency.
How much SMS Assist was funded?
The company raised $150M in Series D on June 7, 2016 from Goldman Sachs
Previous funding
$15M in Series A on June 22, 2011 from Pritzker Group Venture Capital
$45M in Series B on October 22, 2013 from Pritzker Group Venture Capital and Jumpstart Ventures
$45M in Series C on May 5, 2015 from Insight Venture Partners and Pritzker Group Venture Capital
What is next for SMS Assist?
The company plans to use the latest funding raised for continuing developing its technology and capabilities as the company is moving closer towards its goal of serving 1 million unique locations. The partnership with Goldman Sacchs in the latest round of funding has opened up huge possibilities for the company’s technology and its totally managed business solution.
More about SMS Assist
SMS Assist was founded in 1995 by Stephen Watkins and Michael Rothman. It has its headquarters in Chicago, IL. The company provides multi site property management to many clients with over 120,000 service locations.