This YC alum just raised $31M to build the ‘TurboTax for construction permitting’
Summary
Founded in the fall of 2021, PermitFlow participated in Y Combinator in early 2022.While the Milpitas, California-based startups founders declined to reveal valuation, Thumpasery said it was an up round. They also declined to reveal hard revenue figures but said PermitFlow saw its ARR increase by over 20x in 2023 compared to the year prior.PermitFlow primarily works with general contractors to help make the permitting process less painful. Its largest footprints are in California, Florida and Texas, but it operates in municipalities across the country with the plan of systematically expanding nationally.What were trying to do through our software is to provide them with more speed and consistency. Those efforts led to the company being honored as a 2023 Ivory Prize co-winner in Public Policy and Regulatory Reform.PermitFlow also works with different vendors that provide software to municipalities.A municipality today will have a digital permitting process. Thats the world we live inand the one were trying to transform.The company is working to embed LLMs (language learning models) throughout its product to decipher obscure requirements and help users understand what permits they need depending on their given project, how to best prepare and submit them, and to also track the process.