Craft Ventures
Assembly Line
GreenLite Raises $28.5M to Privatize Permitting for Developers and Regulatory Authorities
GreenLite, a construction technology company making permitting faster and more predictable for builders, developers, and municipalities, announced its Series A raise of $28.5 million, led by Craft Ventures with participation from 53 Stations, Trust Ventures, and LiveOak Ventures. The new funding comes less than a year after GreenLite’s launch from stealth and will be used to enhance its technology platform and Private Plan Review offering, in addition to expanding into new markets and customer segments, and deepening its work with local government agencies.
GreenLite’s purpose-built technology and Private Plan Review service standardize and automate the entire permitting process - not just the permit application - across all jurisdictions, reducing the time and labor required for plan review by 75% per project. As the only software-first Private Provider in the market, this full-stack approach ensures that both developers and cities benefit from modern tools that facilitate faster, more organized, and more predictable construction permitting.
Announcing our $14m Series A
This funding will allow us to significantly grow our team and accelerate the development of the ION platform. More workflows to support complex manufacturing and assembly coordination. This includes managing and understanding equipment and tools used in operation as well as connecting parts with barcode scanning. Connect the supply chain – from parts planning, purchasing, inventory management, and traceability into operations. We will continue rolling out ION Autoplan to more manufacturers as a data-driven solution for supply chain planning. Empower engineers with APIs and SDKs. We believe that the future of the factory will be connected with automation and code, and we are going to empower developers to extend the factory to be more connected, automated, and data-powered.