Field Nation Company Profile

Background

Overview

Field Nation, founded in 2008 by CEO Mynul Khan, is a leading on-site talent platform that connects businesses with skilled IT professionals. The company operates within the Internet, Freelance Management System, and Field Service Marketplace industries, providing a reliable and agile solution for companies to meet their technological demands. Field Nation's mission is to break down barriers to work by facilitating seamless connections between businesses and independent contractors. Headquartered in Minneapolis, Minnesota, the company has grown to become the number one labor marketplace for IT field services.

Key Milestones

2008: Field Nation was founded, introducing a better way to connect businesses with on-demand IT talent.

2012: The platform evolved with enhanced network curation, improving the quality and reliability of connections.

2015: Field Nation acquired Field Solutions, further solidifying its market position.

2024: Partnered with HIS to create the largest on-demand network of AV installers.

Key Strategic Focus

Core Objectives

Field Nation aims to provide businesses with a flexible and efficient means to access skilled technical labor, supplementing their full-time employees and subcontractor relationships. The platform focuses on offering a win-win solution: enabling technicians to set their own hours and work preferences while giving companies cost savings and geographic flexibility.

Areas of Specialization

The company specializes in various service types, including networking, point-of-sale (POS) systems, telecommunications, and more. This diverse range allows Field Nation to cater to a broad spectrum of IT field service needs.

Key Technologies Utilized

Field Nation's platform integrates several technologies to enhance user experience and operational efficiency, including:

HubSpot Analytics: For tracking and analyzing user interactions.

Cloudflare: To ensure website performance and security.

Firebase: For real-time database management and app development.

6sense: To provide predictive analytics and insights.

Google Sheets: For data organization and collaboration.

Highspot: To manage sales content and improve engagement.

Primary Markets Targeted

Field Nation primarily targets the IT field service sector, serving over 7,000 field service companies and completing more than one million work orders annually across 425,000+ sites in the U.S. and Canada.

Financials and Funding

Funding History

As of January 2025, Field Nation has raised $30 million in funding. The most significant funding round occurred on September 10, 2015, when the company secured $30 million, led by Susquehanna Growth Equity.

Revenue

Field Nation's annual revenue reached $75 million as of January 2025.

Utilization of Capital

The capital raised has been utilized to enhance platform capabilities, expand the technician network, and invest in technology to improve user experience and operational efficiency.

Pipeline Development

Platform Enhancements

Field Nation continually invests in its platform to introduce new features and improve existing functionalities. Recent developments include enhanced network curation and partnerships to expand service offerings.

Service Expansion

The company has expanded its service types to include over 20 categories, such as networking, POS systems, and telecommunications, to meet the evolving needs of its clients.

Technological Platform and Innovation

Proprietary Technologies

Field Nation's platform is designed to facilitate seamless connections between businesses and independent contractors. Key features include real-time work order tracking, the ability to negotiate counteroffers, access to payment history, signature capture, and document uploading.

Significant Scientific Methods

The platform employs advanced algorithms for matching businesses with suitable technicians based on skills, location, and availability, ensuring optimal resource allocation and efficiency.

Leadership Team

Mynul Khan – Founder and CEO

Mynul Khan founded Field Nation in 2008, aiming to bridge the gap between businesses and independent IT professionals. Under his leadership, the company has grown to become a leading on-site talent platform.

S. K. – Chief Financial Officer

S. K. oversees the company's financial operations, ensuring fiscal responsibility and strategic financial planning.

T. C. – Chief People Officer

T. C. leads the human resources department, focusing on talent acquisition, employee engagement, and organizational development.

S. K. – Chief Product Officer

S. K. is responsible for product strategy and development, ensuring the platform meets the evolving needs of users.

Leadership Changes

As of January 2025, there have been no significant recent changes or appointments within Field Nation's leadership team.

Competitor Profile

Market Insights and Dynamics

The field service management industry is experiencing significant growth, driven by the increasing demand for efficient on-site services and the adoption of digital solutions. Companies are seeking platforms that offer flexibility, scalability, and access to a diverse pool of skilled professionals.

Competitor Analysis

Field Nation faces competition from several key players:

WorkMarket: Acquired by ADP in 2018, WorkMarket offers an enterprise software platform for managing W-2 employees and 1099 contractors. The acquisition provided WorkMarket with substantial resources to compete on a larger scale.

MBO Partners: With over 25 years of experience, MBO Partners provides a platform for independent professionals, offering services that help them run businesses, find work, and manage taxes. The company focuses more on serving independent professionals than businesses.

SAP Fieldglass: Acquired by SAP in 2014, SAP Fieldglass provides a cloud-based Vendor Management System (VMS) for managing contingent workers and service providers. It has a strong foothold in the enterprise space.

Upwork: A publicly traded company operating a freelancer marketplace, Upwork connects businesses with freelancers across various categories. While not focused solely on field services, it competes in the broader freelancer marketplace space.

Strategic Collaborations and Partnerships

In 2024, Field Nation partnered with HIS to create the largest on-demand network of AV installers, expanding its service offerings and strengthening its market position.

Operational Insights

Field Nation's strategic considerations include:

Market Position: As the leading on-site talent platform for IT field services, Field Nation leverages its extensive network and user-friendly platform to maintain a competitive edge.

Competitive Advantages: The company's ability to connect businesses with a vast network of vetted technicians, combined with real-time tracking and efficient resource management, sets it apart from competitors.