Serhii Tokarev Backs Permit.io: Roosh Ventures’ Investment Revolutionizes Authorization Processes

In a significant development for the tech industry, Serhii Tokarev, an IT investor and entrepreneur, announces Roosh Ventures’ investment in the Israeli startup Permit.io. The venture, lauded for its innovative approach to simplifying authorization processes in applications, has garnered attention for its ability to save companies valuable time and resources. Tokarev, co-founder of Roosh Ventures, took to Facebook to share the news, emphasizing the potential impact of Permit.io’s solutions on streamlining developer workflows and enhancing product innovation.

Tokarev’s enthusiasm for Permit.io stems from its capacity to address a persistent challenge faced by developers worldwide. Despite the prevalence of electronic documentation and streamlined processes, authorization remains a time-consuming bottleneck, consuming up to 50 percent of developers’ time. Permit.io’s groundbreaking solution, powered by Roosh Ventures’ investment, aims to alleviate this burden, enabling developers to focus on core product development and enhancement.

Founded by former engineers from tech giants like Facebook, Microsoft, and Rookout, Permit.io has swiftly gained traction in the industry. With an impressive client roster including Tesla, Accenture, Cisco, and Schneider Electric, the startup’s solution has already demonstrated its efficacy in optimizing authorization workflows for global enterprises.

The recent $8 million Series A round, backed by Roosh Ventures and a consortium of esteemed investors such as Scale Venture Partners, NFX, Verissimo Ventures, Firestreak, and 92712, positions Permit.io for rapid expansion. With a focus on scaling operations to meet growing demand, particularly in the United States, the funding injection underscores the market’s confidence in Permit.io’s transformative potential.

At the heart of Permit.io’s offering lies Approval Flows, a cutting-edge technology designed to streamline access management in applications. By automating authorization processes and offering a user-friendly interface accessible even to non-technical users, Approval Flows empowers developer teams to efficiently grant access and permissions, eliminating the need for manual intervention.

Or Weis, co-founder and CEO of Permit.io, underscores the significance of the investment in scaling the company’s operations. With a commitment to delivering a seamless, no-code solution that enhances productivity and efficiency, Permit.io is poised to redefine access management in the digital age.

Serhii Tokarev, recognizing Permit.io’s potential to revolutionize access management solutions, emphasizes the importance of empowering engineers to focus on innovation rather than administrative tasks. By automating manual work and optimizing workflows, Permit.io’s platform promises to unlock new levels of productivity and efficiency for developers worldwide.

Ivan Taranenko, an Associate at Roosh Ventures, echoes Serhii Tokarev’s sentiments, highlighting Permit.io’s role as a game-changer in access management. With a track record of investing in transformative startups, Roosh Ventures remains committed to supporting innovative ventures that drive technological advancement and enhance industry efficiency.

Established in 2021 by Serhii Tokarev and Denys Dmytrenko, Roosh Ventures has emerged as a key player in the startup ecosystem. With a diverse portfolio spanning industries such as corporate SaaS solutions, fintech, gaming, and AI-based products, Roosh Ventures continues to invest in promising ventures that push the boundaries of innovation. As Roosh Ventures celebrates its three-year milestone, Tokarev’s vision for supporting transformative startups remains unwavering, positioning the fund as a catalyst for growth and innovation in the global tech landscape.