Outpave Raises $1.2 Million in Seed Round
Outpave, a Frisco, Texas-based spend management startup, has raised $1.2 million in seed funding.
The round was led by Fritz-Pak Corporation, a trusted name in concrete additive solutions. Fritz-Pak manufactures and sells concrete admixtures that improve concrete quality and construction practices.
The company will use the funding to drive its expansion efforts, including bolstering go-to-market strategies, strengthening sales channels, and enhancing product features.
Led by CEO and Founder Zach Ahlstedt, Outpave is a company that specializes in spend management platform focused on trade and construction sectors. Their platform offers a blend of advanced technology and user-friendly design, empowering businesses to make better financial decisions and drive growth. Its banking-as-a-service platform offers direct banking integration, customizable card issuance, and real-time analytics, providing transparency and control over financial operations. The company’s mission is to modernize financial operations for small to mid-sized trade and construction businesses.
Funding Details
Company: Outpave, Inc.
Raised: $1.2M
Round: Seed Round
Funding Month: May 2024
Lead Investors: Fritz-Pak Corporation
Additional Investors:
Company Website: https://www.outpave.com/
Software Category: Spend Management