GreenLite

GreenLite

Streamlines construction permit processes and reviews

About GreenLite

Simplify's Rating
Why GreenLite is rated
C
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Food & Agriculture

Energy

Consumer Goods

Company Size

11-50

Company Stage

Series A

Total Funding

$36.5M

Headquarters

New York City, New York

Founded

2022

Overview

GreenLite simplifies the process of obtaining construction permits by enhancing collaboration between developers, builders, and local regulatory authorities. Their software supports a Private Plan Review service, which is utilized by major public retailers, developers, and home builders across the country. By using GreenLite's technology, clients can reduce project timelines by several months, making the permitting process faster and more predictable. Unlike traditional methods, GreenLite focuses on privatizing construction permitting and plan review, which sets them apart in a multi-hundred billion dollar industry. The company's goal is to reshape the construction permitting landscape, making it more efficient for all stakeholders involved.

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Simplify's Take

What believers are saying

  • Raised $28.5M Series A to expand technology and market reach.
  • Increased adoption of digital twins aligns with GreenLite's efficiency goals.
  • AI-driven project management tools complement GreenLite's permitting focus.

What critics are saying

  • Competition from Procore and Autodesk in permitting solutions.
  • Potential resistance from local governments to privatized permitting.
  • Economic downturns may reduce demand for GreenLite's services.

What makes GreenLite unique

  • GreenLite streamlines permitting, making it faster and more predictable for developers.
  • The company collaborates with local regulatory authorities to enhance development processes.
  • GreenLite's Private Plan Review offering accelerates project timelines significantly.

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Funding

Total Funding

$36.5M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$28.5M
GreenLite
$30M
Kalshi

Benefits

Health Insurance

401(k) Retirement Plan

401(k) Company Match

Commuter Benefits

Paid Vacation

Unlimited Paid Time Off

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

↓ -4%

1 year growth

↓ -2%

2 year growth

↓ -6%
VC News Daily
Sep 17th, 2024
Greenlite Raises $28.5M Series A Round

GreenLite Raises $28.5M Series A Round Back to HomeNEW YORK, NY, GreenLite, a construction technology company making permitting faster and more predictable for builders, developers, and municipalities, today announced its Series A raise of $28.5 million.The round was led by Craft Ventures with participation from 53 Stations, Trust Ventures, and LiveOak Ventures. The new funding comes less than a year after GreenLite's launch from stealth and will be used to enhance its technology platform and Private Plan Review offering, in addition to expanding into new markets and customer segments, and deepening its work with local government agencies.Founded in 2022, GreenLite is revolutionizing development in America by streamlining the collaboration between developers, builders, and local regulatory authorities. GreenLite's software powers its Private Plan Review offering, serving many of the nation's largest public retailers, developers, and production home builders. By leveraging GreenLite's technology, its customers save months on each project, significantly accelerating their timelines and staying within budget.(c) by Massinvestor, Inc. For contact info, please check out our about page

PR Newswire
Sep 17th, 2024
GreenLite Raises $28.5M to Privatize Permitting for Developers and Regulatory Authorities

NEW YORK, Sept. 17, 2024 /PRNewswire/ - GreenLite, a construction technology company making permitting faster and more predictable for builders, developers, and municipalities, today announced its Series A raise of $28.5 million, led by Craft Ventures with participation from 53 Stations, Trust Ventures, and LiveOak Ventures.

ExploreBit
Nov 1st, 2023
GreenLite Raises USD 8M Seed Funding

GreenLite raises USD 8M seed funding.

Finsmes
Oct 31st, 2023
GreenLite Raises $8M in Seed Funding

GreenLite, an Austin, TX-based-based technology company that streamlines construction and development, is announcing its official public launch along with $8M in seed funding

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