# Francis Thumpasery

> Francis Thumpasery is the co-founder and CEO of PermitFlow, a New York-based startup using AI to drag construction permitting out of the fax-machine era. After a Harvard economics degree, a stint at McKinsey, and years investing in workflow software, he watched relatives outside Washington, DC wrestle with permits and decided the $1.6 trillion construction industry deserved better software. Since 2021 PermitFlow has powered over $20B in construction value, raised $90.5M, and turned a famously paper-bound process into something measured in days instead of months.

- **Role:** Co-Founder and CEO at PermitFlow
- **Organizations:** PermitFlow, McKinsey & Company, Advent International, mBulance
- **Nationality:** American
- **Education:** AB in Economics, magna cum laude with high honors, Harvard University, Graduate study, Stanford University Graduate School of Business
- **Known for:** Built PermitFlow into a platform that has powered over $20B in construction value across 7,000+ jurisdictions., Raised $90.5M in total funding, including a $54M Series B led by Accel in December 2025., Co-won the 2024 Ivory Prize for Public Policy and Regulatory Reform.

## Career timeline

- **2012** — Co-founded mBulance, a medical diagnostic workflow software company.
- **2013-2016** — Business Analyst then Senior Business Analyst at McKinsey & Company.
- **2019-2021** — Investor focused on workflow software at a New York activist hedge fund and at Advent International.
- **2021** — Co-founded PermitFlow with Samuel Lam; began beta testing the permitting platform.
- **2023** — Closed $5.5M seed round led by Initialized Capital; expanded across California, Texas, and Florida.
- **2024** — Named co-winner of the Ivory Prize for Public Policy and Regulatory Reform; spoke at ENR FutureTech.
- **2025** — Raised $54M Series B led by Accel, bringing total funding to $90.5M.

## Achievements

- Built PermitFlow into a platform that has powered over $20B in construction value across 7,000+ jurisdictions.
- Raised $90.5M in total funding, including a $54M Series B led by Accel in December 2025.
- Co-won the 2024 Ivory Prize for Public Policy and Regulatory Reform.
- Helped permit thousands of housing units, from single-family homes to multifamily projects.
- Assembled a proprietary dataset of 12M+ municipal data points to deliver 2.5x faster permit approvals.

## Latest updates

- **2025-12** — PermitFlow raised a $54M Series B led by Accel, with Kleiner Perkins, Felicis, Initialized Capital, Altos Ventures, and Y Combinator participating; total funding reached $90.5M.
- **2024-06** — Featured in Initialized Capital's Founder Spotlight, detailing PermitFlow's origin and his customer-first philosophy.

## Links

- Website: https://permitflow.com
- LinkedIn: http://www.linkedin.com/in/francis-thumpasery
- Twitter/X: https://twitter.com/permitflow
- Facebook: https://www.facebook.com/permitflow

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Profile page: https://yespress.io/francis-thumpasery
Published by YesPress — https://yespress.io
Last updated: 2026-06-04