Inspect Point, a company that offers cloud-based business management software for the fire inspection industry, has announced a US$ 28 million investment from Mainsail Partners, a growth equity firm that invests exclusively in fast-growing, bootstrapped software companies.
Inspect Point, end-to-end business solutions
Founded in 2014, Inspect Point is an end-to-end business solutions provider that strives to enable fire inspection companies to operate more efficiently, by supporting the full spectrum of core business functions, from completing inspections to documenting deficiencies, creating service proposals and work orders, generating compliance reports, scheduling and dispatching technicians, communicating with customers and reviewing dashboards.
Utilising capital invested by Mainsail Partners, Inspect Point intends to invest further in its product, in order to deliver more solutions to address common industry challenges. Fire inspection technicians often struggle with the always growing set of compliance codes, which can vary by type of equipment, jurisdiction and parameters, set by local fire marshals.
Inspect Point aims to help technicians understand these targets, identify deficiencies more quickly and drive high-margin service revenue more effectively.
Under the leadership of Inspect Point’s Chief Executive Officer (CEO) and Co-Founder, Padraic Doyle, the company has built a comprehensive business management suite for fire inspection companies. He said, “We believe we have grown considerably in a relatively short time and we’ve achieved this level of success without any outside capital, which we believe is a testament to the strength of our core product.
Enabling software companies to grow
Padraic Doyle added, “When considering a partner, we were committed to finding someone who respected our roots and culture, and also has experience helping software companies get to the next level of growth. We find that Mainsail Partners fits that profile.”
“We are excited to work with the great team at Inspect Point,” said David Farsai, a Partner at Mainsail Partners, adding “They have clearly built a robust product with staying power that we believe is well positioned in an attractive market. We look forward to lending our experience and resources to help the company scale.”
Vast experience in fire & life safety industry
Inspect Point’s Vice President of Strategy, Drew Slocum, is experienced in the fire & life safety industry, which has seen a recent influx of capital and innovation.
“As fire protection becomes even more of a priority, we continue to see more companies spring up to support it,” said Drew Slocum, who serves on multiple fire industry associations and hosts The Fire Protection podcast.
Products cover the full cycle of fire protection work
Drew Slocum added, “While many of these products are launched as either general field service management or point solutions for inspection, Inspect Point’s product covers the full cycle of fire protection work.
He said, “We believe the timing is perfect to partner with Mainsail, so we can capitalise on the industry’s momentum while we make efforts to broaden our customer base and increase the value of our product.”