Latest news with #PeakSpanCapital
Yahoo
09-07-2025
- Automotive
- Yahoo
ServiceUp raises $55M to simplify fleet vehicle repairs
Los Gatos, California-based tech platform ServiceUp has raised $55 million in Series B funding to streamline the vehicle repair process for fleet operators and insurers. The round, led by PeakSpan Capital and existing investors, brings the company's total funding to $70 million since its founding in 2021. Originally an app designed to remotely manage consumer vehicle maintenance and repair, ServiceUp now also serves as a B2B repair partner for fleets, insurers and shops across the U.S. The company manages the entire repair process for vehicles – all while providing updates and streamlining data in one platform from pickup to delivery. 'We're not here to slightly improve vehicle repair management,' said Brett Carlson, co-founder and CEO of ServiceUp, in a news release emailed to FreightWaves. 'We're rebuilding it from the ground up. Every delay, every unknown, every wasted hour — we're eliminating all of it with tech and automation. This raise gives us the fuel to move faster, go bigger, and keep pushing the auto repair industry forward.' The platform removes manual follow-ups and offers greater transparency for previously clouded repair tracking processes. Its centralized dashboard manages collision, maintenance and mechanical repairs. According to the company's news release, ServiceUp has served leading logistics businesses by reducing their repair cycle times by over 30%. 'Auto repair has remained one of the last great black boxes in the modern economy — fragmented, opaque, and bogged down by outdated workflows and siloed point solutions,' said Jack Freeman, partner at PeakSpan Capital, in the release. 'It's a system that frustrates fleet operators, drains productivity, and kills margin for insurers and service providers. ServiceUp is dismantling that model. They've built the first truly intelligence-driven system of engagement for the automotive repair space — redefining how the entire ecosystem connects, communicates, and operates.'The latest capital fundraising effort will allow ServiceUp to grow its team, enter new markets and boost development of its software as a service configuration: Connect. The new software is designed to pair seamlessly with ServiceUp 360, a managed service model for faster cycle times and more visibility at more efficient costs. The post ServiceUp raises $55M to simplify fleet vehicle repairs appeared first on FreightWaves.
Axios
11-05-2025
- Business
- Axios
Exclusive: TSOLife gets $43M for senior living software
TSOLife raised $43 million in Series B funds for home-grown senior living software, CEO David Sawyer tells Axios exclusively. Why it matters: The Tampa, Florida company says its offering can boost elderly care residents' quality of life while helping facilities save costs. Follow the money: PeakSpan Capital led the round, bringing TSOLife's total raise to $52 million to date. Sawyer declined to provide runway figures but says TSOLife has previously been profitable. How it works: TSOLife's platform — powered by an AI engine built using Python (aka not Open AI) — converts resident interviews into structured data, and creates recommendations to improve residents' morale. For example, its software might nudge staff to mention a resident's favorite sports team, connect residents over shared life experiences, or prompt drivers to play a resident's favorite music en route to appointments. AI scans qualitative resident interviews and tailors community activities, engagement, sales tools, and family communications at facilities including those with memory wards. Staff training takes roughly eight weeks, per Sawyer. The company charges a per-community-per-month subscription fee for its tools, which integrate with senior living EHRs such as PointClickCare. What's next: The company is releasing tools focused on staff retention in Q3. Between the lines: Sawyer says a two-and-a-half-year white paper across 20,000-plus residents found that TSOLife's tools extended residents' average stay by six weeks. "There was a direct correlation between quality of life and length of stay," says Sawyer, with more satisfied residents staying longer at a given facility. The figures could translate into revenue uplift for operators facing high turnover and acuity-driven churn. TSOLife does not monetize resident data for third-party use, says Sawyer. What they're saying: "This is not a tech-first team that's trying to shoehorn tech into a well-established industry. This is folks who came to appreciate the idiosyncrasies of the industry first," says PeakSpan's Justin Kelly. By the numbers: TSOLife is live in 1,300 operators across 47 states, per Sawyer, including Brookdale, Benchmark, Sagora, and Senior Resource Group. Its AI has been trained on over 100,000 hours of audio. The company also employs 28 human reviewers to continually train its AI and review it for accuracy. Reality check: While personalization is a rising priority, many communities still struggle to integrate new tech into daily workflows, and no peer-reviewed studies yet validate TSOLife's ROI claims. Bias in AI remains a core issue generally, but Sawyer says TSOLife's software is less susceptible to problems as a natively built tool: "We can take a much more concentrated approach to removing biases from what we recommend," he says. The bottom line: Being in a communal setting alone doesn't improve seniors' loneliness, says Sawyer — in fact, "that's when they can feel the most alone, surrounded by people they don't know."
Business Wire
07-05-2025
- Business
- Business Wire
TSOLife Secures $43 Million Series B Investment to Transform Senior Living Communities Through Person-Centered Data and AI Tools
TAMPA, Fla.--(BUSINESS WIRE)-- TSOLife, the leading resident insight and experience platform for senior living operators, has completed a $43 million Series B funding round to further revolutionize senior living. The round, led by PeakSpan Capital, elevates the company's total funding to $52 million since 2022. The company plans to use this growth capital to deepen its mission of delivering data-driven and AI-powered operational improvements in senior living communities. "We have proven our ability to strengthen the social drivers of health — connection, purpose, and engagement — to meaningfully improve quality of life and extend residents' length of stay by more than six weeks," said David Sawyer, founder & CEO of TSOLife Share TSOLife's platform breaks traditional barriers in senior living, merging its unique AI-driven technology and data to optimize community operations and measurably elevate the quality of life for residents. Its software platform enables senior living communities to gather and utilize person-centered data, creating actionable insights that support real-time decision-making for enhanced resident engagement and better social well-being. "We have proven our ability to strengthen the social drivers of health — connection, purpose, and engagement — to meaningfully improve quality of life and extend residents' length of stay by more than six weeks," said David Sawyer, founder and CEO of TSOLife. "This funding round will accelerate our capabilities to embed personalized, resident-first support into the everyday interactions, processes, and decisions that shape community life." TSOLife has developed Minerva, the first-of-its-kind intelligence platform leveraging AI to seamlessly transform resident interviews into structured, actionable data. This comprehensive data engine supports staff with over 300 data points per resident, revolutionizing the way staff manage their daily operations and resident interactions – a 650% improvement over traditional interview methods. Through these capabilities, TSOLife's platform delivers deeply personalized resident engagement, operational insights, and sales enablement features, including customizable inclusivity calendars, digital signage, resident and family apps, satisfaction surveys, and real-time analytics that inspire smarter decisions and help communities highlight their unique differentiators to prospects. By centering on the preferences of residents, this immersive approach also empowers tech-savvy older adults to take an active role in shaping their well-being, while welcoming family members as engaged partners in their journey. In the last three years, TSOLife has gathered crucial social and quality of life data for over 125,000 residents, strengthening partnerships with top industry operators including Benchmark Senior Living, Brookdale Senior Living, Sagora Senior Living, Priority Life Care, Senior Resource Group, Vitality Senior Living, and Commonwealth Senior Living. "This investment is a strategic catalyst for TSOLife's next phase of growth,' said Sawyer. 'It enables us to scale our reach, forge deeper partnerships with leading operators, and deliver the infrastructure needed to operationalize personalization at every level. Senior living communities already know what exceptional, high-touch service looks like. We're giving them the tools to deliver it consistently, efficiently, and with measurable impact." Justin Kelly, Vice President at PeakSpan Capital, shared his enthusiasm for the partnership: 'Since meeting David and the TSOLife team last year, PeakSpan built conviction in their ability to enable senior living operators to improve operations across a variety of departments, starting with AI-powered resident insight and engagement. We've seen TSOLife enjoy tremendous growth and successfully partner with leading operators because of this strong focus on the collection, analysis, and application of rich data in the senior living context, which demonstrably enhances resident quality of life and day-to-day experience for seniors while also measurably improving key revenue and cost metrics for operators. We see an incredible future for the senior living industry as enabled by data and AI tools, and are energized to support TSOLife to make that future a reality.' With this new capital, TSOLife will expedite product development, enhance its AI capabilities, and increase customer support to reshape senior living operations and communities. As TSOLife continues its growth journey, it remains dedicated to being the next generation leader in senior living technology, enabling operators to create enriched, engaging environments for their residents. TSOLife is a resident insight and experience platform, designed to empower senior living operators with actionable insights that facilitate real-time data-driven decisions. Fueled by artificial intelligence (AI), our platform simplifies data creation through embedded analytics, offering customers person-centered data that leads to measurable enhancements in residents' quality of life, transformative outcomes for staff, and a complete redefinition of senior living operations. For more information, visit PeakSpan Capital is a growth equity firm based in New York City and San Mateo. Having partnered with over 50 high-growth software businesses and with $1.7B+ in AUM, PeakSpan's mission is to be the partner of choice for growth-stage entrepreneurial teams who are building amazing software targeted at business buyers of all sizes. PeakSpan combines deep domain expertise within a select number of themes with a proprietary technology platform providing visibility into company and market performance to help disruptive entrepreneurs drive resilient, risk-adjusted value creation.
Associated Press
14-04-2025
- Business
- Associated Press
Tapcheck Raises $225 Million in Equity and Debt Funding to Redefine Payday for America's Workforce
PLANO, Texas--(BUSINESS WIRE)--Apr 14, 2025-- Tapcheck, a leading on-demand pay provider, today announced it has raised $225 million in combined equity and debt financing. This latest funding includes a $25 million Series A extension round led by existing investor, PeakSpanCapital, and a $200 million credit facility provided by Victory Park Capital. 'We're thrilled to have the continued support of PeakSpan Capital and the strategic backing of Victory Park Capital,' said Ron Gaver, co-founder and CEO of Tapcheck. 'This infusion of capital will further strengthen our capacity to empower employees nationwide and alleviate financial pressure by granting access to earned wages ahead of traditional pay schedules.' Founded in 2019 by entrepreneurial husband-and-wife team Ron and Kayling Gaver, Tapcheck emerged from the duo's vision to address the financial difficulties caused by traditional pay cycles. The company enables workers to access their earned wages seamlessly before payday, easing the paycheck-to-paycheck strain and in turn, improving employee morale, retention, and productivity. Tapcheck's on-demand pay platform seamlessly integrates with nearly 300 payroll and timekeeping systems, offering a smooth and precise experience for employers and employees alike. Provided at no cost to employers, Tapcheck allows employees to safely and responsibly access their earned wages, helping them avoid hidden fees and have greater financial flexibility. Employers using Tapcheck report over 50% improvement in employee retention, with 70% of employees noting that it reduces their financial stress. In the past five years, Tapcheck has facilitated over $1 billion in early wage funding and served 12,000 employer locations. The company is committed to security, compliance, and transparency, ensuring payroll control remains intact for organizations. Tapcheck's proprietary earned wage access engine provides exceptional accuracy in wage calculations, enhancing financial transparency and boosting employee engagement. With an 'Excellent' Trustpilot rating, Tapcheck is renowned as one of the most trusted earned wage access providers globally, supported by increasing usage rates and positive feedback from both employers and employees. Tapcheck partners with companies like Hilton, Planet Fitness, Taco Bell, and Jiffy Lube and has achieved remarkable milestones, including significant user adoption in the quick-service restaurant (QSR) sector—serving 112,000 McDonald's employees and enabling over $160M in advance wage disbursement—as well as hundreds of thousands of frontline caregivers working in skilled nursing, home health, and rehabilitation sectors. 'We are fired up to embark on this next chapter alongside Tapcheck,' said Jack Freeman, partner at PeakSpan Capital. 'Over the last three years, we've witnessed Ron and Kayling assemble a world class team, build game changing products and amplify reach through growing by over 20x. They've done so while tripling down on user experience, payroll accuracy, integrations and onboarding – Tapcheck's standout strengths, enabling the business to drive maximum value to the end user wage worker.' The capital injection will support the continued development of Tapcheck's newest product, designed to give millions of employees early access to their wages. It will also enhance the accessibility of Tapcheck's Mastercard offering and accelerate the expansion of its AI capabilities. Through these advancements, Tapcheck aims to solidify its position as a leader in the next generation of earned wage access solutions. 'Tapcheck is setting a new standard for how employees access and manage their earnings,' said Jason Brown, senior partner at Victory Park Capital. 'By addressing real financial needs while driving retention and performance for employers, Tapcheck is delivering measurable value – and we have strong confidence in the company's leadership, model, and mission.' ABOUT TAPCHECK Tapcheck is the leading on-demand pay provider, empowering employees to take control of payday. The easy-to-use platform integrates seamlessly with 250 employer payroll and timekeeping systems, which ensures accurate balances and a hassle-free experience for businesses and their employees. Offered at no cost to an employer, employees use Tapcheck to access wages that they've earned, safely and responsibly – without the worry of hidden fees, over advances, or payroll errors. Tapcheck's proprietary earned wage access engine offers the most accurate, reliable, and headache-free on-demand pay solution for workers and their employers. Companies never lose control of payroll and employee paychecks always reflect their advances. ABOUT PEAKSPAN CAPITAL PeakSpan Capital is a growth equity firm based in New York City and San Mateo. Having partnered with over 50 high-growth software businesses and with $1.7B+ in AUM, PeakSpan's mission is to be the partner of choice for growth-stage entrepreneurial teams who are building amazing software targeted at business buyers of all sizes. PeakSpan combines deep domain expertise within a select number of themes with a proprietary technology platform providing visibility into company and market performance to help disruptive entrepreneurs drive resilient, risk-adjusted value creation. ABOUT VICTORY PARK CAPITAL Victory Park Capital Advisors, LLC ('VPC' or the 'Firm') is a global alternative asset manager that specializes in private asset-backed credit. In addition, the Firm offers comprehensive structured financing and capital markets solutions through its affiliate platform, Triumph Capital Markets. The Firm was founded in 2007 and is headquartered in Chicago. In 2024, VPC became a majority-owned affiliate of Janus Henderson Group. The Firm leverages the broader resources of Janus Henderson's 2,000+ employees across offices in 25 cities worldwide. VPC is a Registered Investment Advisor with the SEC. For more information, please visit View source version on CONTACT: Tapcheck Kristen Grossi, talkTECH [email protected] Park Capital Jordan Niezelski, Edelman Smithfield [email protected] KEYWORD: UNITED STATES NORTH AMERICA TEXAS INDUSTRY KEYWORD: PERSONAL FINANCE APPS/APPLICATIONS TECHNOLOGY HUMAN RESOURCES FINANCE FINTECH PROFESSIONAL SERVICES SOFTWARE DATA MANAGEMENT ASSET MANAGEMENT SOURCE: Tapcheck Copyright Business Wire 2025. PUB: 04/14/2025 07:07 AM/DISC: 04/14/2025 07:07 AM
