CHARLOTTE – Payzer Holdings, Inc., a Charlotte-based mobile payment platform provider, has raised more than $19.5 million according to an SEC filing.

The company, which previously raised about $9.2 million in a Series C fundraising round in 2018, also raised $4 million in a Series B funding round led by Grotech Ventures, Route 66, and IDEA Fund Partners in 2016.  Grotech has participated in each fundraising round for the company, including a 2014 Series A round, noted Don Rainey, general partner of Grotech Ventures, who is a member of the Payzer board of directors, in an interview.

The company provides an end-to-end management platform for contractors, including those in the HVAC, roofing, plumbing, and electrical industries, on a subscription model with pricing beginning at $399/month.

“A lot of our portfolio companies are doing well,” said Rainey in an interview with WRAL TechWire.  “Payzer is a very good example of a company that reduces friction for its customers because, with mobile payments for services, an HVAC contractor can get their payments processed overnight.”

The latest round includes 10 investors, according to the filing, and includes equity as a part of the deal.  The filing is signed by Joe Giordano, a co-founder and the CEO of Payzer.  Pitchbook lists the company with more than 100 employees, and multiple roles are listed as available on the company’s careers website.

Grotech Ventures is also an investor in Mooresville-based Pet Screening, which recently raised a $3 million Series A round, and Charlotte-based Rent Ready, which recently raised a $10 million Series A round.  Grotech Ventures is also an investor in Passport, a Charlotte startup whose founder recently relinquished the role of CEO.