GoFormz Announces $3 Million in Series A Funding From Cloud Apps Capital Partners and FLOODGATE; Unveils Breakthrough Mobile-first Business Productivity Solution

GoFormz grows revenue by 300 percent year over year; in use today by 10,000 companies in 72 countries

 

3/31/15

SAN DIEGO -- March 31, 2015 – Launched today, GoFormz www.goformz.com announced that it has raised three million dollars in Series A funding from Cloud Apps Capital Partners and FLOODGATE. The funding will be used to fuel the company’s product development, marketing and sales. Matt Holleran from Cloud Apps Capital Partners will join the company’s board of directors.

GoFormz also unveiled its breakthrough mobile-first productivity solution that transforms companies into data-driven businesses. For the 27 million workers in the U.S. alone who still rely on paper forms to do their jobs1, GoFormz provides an easy and proven way to mobilize their paper forms and turn them into smart mobile business applications. Through this sheer act of digitalizing a paper form, a previously inaccessible source of real-time data from the front lines of business is unleashed, dramatically improving business visibility and productivity. GoFormz sets off entire business transformations as the use of GoFormz to constantly capture all sources of business data proliferates throughout companies and industries.

The mobile enterprise business application market is expected to double from 31 billion dollars in 2012 to 61 billion dollars by 20182. GoFormz is accelerating this market growth with more than 10,000 customers in every industry, in every department, on virtually any device in 72 countries. Customers, including Cricket Wireless, DPR Construction, NRG and Oldcastle, rely on GoFormz to replace cumbersome paper-based processes with data-driven mobile solutions.

Comments on the news:

  • “GoFormz has the power to move the entire construction industry forward into the digital age,” said Hannu Lindberg, Senior BIM Project Manager, DPR Construction, one of the nation’s leading technical builders. “It’s a complete solution for our workers that improves our ability to collect data, track our key performance indicators and measure how our projects are performing across regions.”
  • “GoFormz is unique because it is a cloud and mobile-first application that can work for nearly every business in the world,” said Matt Holleran, General Partner, Cloud Apps Capital Partners. “Because of its broad applicability, GoFormz has the potential to drive the mobile-first revolution the way spreadsheets and word processing programs fueled the PC revolution.”
  • “Mobility is creating entirely new technology markets and GoFormz is well positioned to become one of the most important business applications in the mobile-first era,” said Mike Maples, Jr., Managing Partner, FLOODGATE. “What starts with a single factory worker mobilizing a paper form can have a pervasive impact on productivity through all parts of a business, making GoFormz a killer weapon for companies.”

Using the power of mobility to revolutionize businesses around the world
Despite advances in mobile and cloud technology, and companies’ efforts to mobilize their businesses, most mobile workers are not armed to do their jobs effectively and are still heavily reliant on paper-based processes. Taking a mobile-first approach, GoFormz makes it easy for mobile workers to capture data on the job using smart, electronic versions of their existing paper forms on any smartphone, tablet or desktop. The data is then immediately available for businesses to view online, add workflow and collaboration and analyze with easy to use reports.

GoFormz is unique in that the application mirrors employees’ original paper forms so there is no training required or interruption to their business, and also because of its offline capabilities which allows data to be captured electronically even when there is no network access, particularly important to workers out in the field.

What’s revolutionary about GoFormz is that while its initial application targets mobile forms and reporting, at its foundation is a full mobile productivity platform that can reinvent and support any business process with its mobile and web-based applications.

GoFormz momentum

GoFormz has achieved the following milestones over the past year:

  • Grown revenue by 300 percent year over year.
  • Collected five million pages of data electronically - one page every five seconds.
  • Announced partnerships with Box and ServiceMax.
  • Released version 2.0 of the native GoFormz mobile forms and reporting solution on the App Store and Google Play.
  • Added new executive talent, including salesforce.com veteran Angela Kenniston as vice president of business development.

Additional information

  • Watch this 90 second video to learn how GoFormz works.
  • Watch this video of customers talking about their experiences using GoFormz.


 

About Cloud Apps Capital Partners

Cloud Apps Capital Partners is a leading early-stage venture capital firm for cloud business application companies. Based in San Francisco, Cloud Apps Capital Partners invests in cloud business application companies at the “old-school” Series A stage. Our team has a deep understanding of both enterprise and small business cloud application markets, business models and ecosystems. For more information on Cloud Apps Capital Partners, visit www.cloudappscapital.com.

About GoFormz, Inc.

GoFormz is the leading digital forms solution for businesses of any size and industry to digitize their forms and related processes, resulting in significant savings and more productive operations. GoFormz’s Cloud-based platform allows users to create, customize, and manage digital forms. These forms can capture information, automate workflows, and improve business workstreams. Users can create electronic versions of their existing paper forms and documents making it easier to gather and analyze data digitally. GoFormz is backed by leading venture capital firms, including Cloud Apps Capital Partners, Glynn Capital, and Shasta Ventures.

Media Contact:

For additional information or media inquiries, please contact:

press@goformz.com

 

1. U.S. Bureau of Labor & Statistics

2. Source: "Global Mobile Enterprise Business Application Revenue, 2012-2018," Strategic Analytics, December 2013) - See more at: http://www.eweek.com/mobile/slideshows/why-the-enterprise-mobile-app-development-market-is-about-to-explode.html#sthash.ZyHbslz3.dpuf