NodaFi Secures $3.5M Funding to Transform into the 'Salesforce for Facility Operations'

NodaFi, a cloud-based facility operations platform, has raised $3.5 million in seed funding to revolutionize the $21 billion facility management software industry. The funding round was led by Base10 Partners, with contributions from Stage 2 Capital, MKT1, and FJ Labs. This investment aims to accelerate NodaFi’s mission of modernizing facility operations through innovative solutions.

Founded by Jacob Pandl, Mike Loyda, and Dan Pettay, NodaFi is determined to “reclaim one billion hours for essential workers managing critical infrastructure” by 2026. This goal underscores significant inefficiencies in the sector, where approximately 70% of work time is considered unproductive.

“Facilities management employs over four million people in the United States and serves as the silent backbone of our community,” said Jacob Pandl, CEO of NodaFi, in an exclusive interview. “Yet, persistent inefficiencies are exacerbated by subpar software solutions.”

NodaFi’s platform unifies preventive maintenance, work order management, and asset tracking, enhancing operational efficiencies across various industries, including self-storage, health and wellness, biotechnology, and healthcare. Notable clients such as the YMCA, Astellas Therapeutics, and Staples have already adopted NodaFi’s solutions.

With a remarkable 522% year-over-year growth, NodaFi signals a transformative shift in the market. This trajectory, combined with effective capital management before this funding round, indicates a strong market fit and rapid expansion potential.

“We’re actively engaged in sectors such as health and fitness, self-storage, life sciences, sports & entertainment, and community services,” Pandl stated. “The self-storage sector, in particular, has shown substantial growth in recent years and now requires modern operational solutions.”

Industry analysts highlight that NodaFi is well-positioned as the facility management software market is projected to expand to $72 billion by 2033, fueled by rising demand for efficient, technology-driven solutions in this traditionally analog sector.

NodaFi intends to capture this opportunity through a dual strategy. “We aim to build a common platform for facility operations while also delving deep into specific market segments,” explained Pandl. “This is achieved through strategic partnerships and the development of a comprehensive ecosystem tailored to each vertical.”

The company’s vision includes integrating emerging technologies such as IoT sensors, AI, and predictive analytics. “Facility operations software will increasingly resemble today's SaaS landscape, where diverse data sources seamlessly integrate to enhance workflows and decision-making,” Pandl elaborated.

The newly acquired funding will enable NodaFi to expand its team and enhance its product offerings. The company targets a 500% year-over-year revenue growth this year, aiming for a fivefold increase in customer acquisition. NodaFi is positioning itself as a potential leader in next-generation facility management solutions.

NodaFi's success hinges on its ability to drive adoption in an industry often resistant to technological innovation. By delivering substantial efficiency improvements and clear value to users, NodaFi aspires to become the “Salesforce for Facility Operations.”