Contact: Todd Hoffmaster thoffmaster@akitabox.com 608.509.5521
AkitaBox Closes $1.1 Million Seed Round Software Reduces Reactive Building Management Madison, WI: AkitaBox, a startup whose software automates maintenance, planning and inspections in building management, has secured $1.1 million in seed funding in a round led by Rock Oak Capital Partners LLC, the investment vehicle of Practice Velocity in partnership with members of Stateline Angels. AkitaBox is based in Madison, and is a recent graduate of the gener8tor accelerator program. Founded in August 2015, AkitaBox sells to building operators in healthcare, property management and education. Building managers use the software to reduce manual data entry and optimize maintenance and capital planning. “Building operators waste a large majority of their day looking for information, responding to emails or manually entering data into complicated software programs,” said Todd Hoffmaster, Co-founder and CEO of AkitaBox. “AkitaBox automates these workflows, making the outdated process four times faster. This helps building managers prevent problems before they occur to ultimately save money in building operations.” “We’re excited to support another technology company that’s being built from the ground up,” said David Stern, MD, CEO of Practice Velocity and Senior Partner with Rock Oak Capital Partners. “Todd and his team saw a need for more effective and efficient building management, and they figured out a way to develop software that fills the void in the market. We believe AkitaBox is going to be a big success.” Over the past 6 months, AkitaBox’s customer base has increased to include a number of nationally recognized brands including UW Health and Aramark. AkitaBox will use the funding to fuel continued sales growth and to enhance its product offering. “There are a lot of rooftops out there. Our mission is to fundamentally improve the way buildings we live and work in are managed.” Hoffmaster said. About AkitaBox AkitaBox is a SaaS application for proactive building management. AkitaBox saves building owners time and money by providing information for maintenance and capital planning that reduces reactive building management. AkitaBox is a Wisconsin C-Corp headquartered in Madison, Wisconsin. For more information, email thoffmaster@akitabox.com or visit www.akitabox.com About Practice Velocity and Rock Oak Capital Partners Practice Velocity® provides award-winning medical software and services designed to improve efficiency, support delivery of quality care for urgent care centers, occupational medicine clinics, primary care physicians, and outpatient specialty providers. Practice Velocity has software installations in more than 1,200 clinics in all 50 states. For more information, visit www.practicevelocity.com or call 888-357-4209. Rock Oak Capital Partners is a new merchant bank focusing on early-round investments in technology and healthcare. Learn more at www.rockoakcapital.com .
