How Much Did Andrews Technology Raise?
Funding & Key Investors

Andrews Technology has successfully secured a significant capital infusion, bringing its total funding to $577K. This latest round, characterized by a $427K strategic investment, underscores the firm's robust trajectory within the competitive workforce management sector. By leveraging this influx of liquidity, the company is well-positioned to accelerate its product development roadmap and expand its footprint in the enterprise software market.

The financing history, which includes earlier debt instruments, reflects a consistent commitment to scaling operations. As the organization matures, this recent injection of capital serves as a critical catalyst for enhancing its suite of time and attendance solutions, ensuring that Andrews Technology remains at the forefront of operational efficiency for its diverse client base.

What is Andrews Technology?

Andrews Technology
SoftwareHuman Resources Software

Andrews Technology operates as a specialized provider of advanced time and attendance solutions, delivering sophisticated software architectures designed for complex scheduling and mobile time clock functionalities. By integrating platforms such as UKG Ready and NOVAtime, the company enables organizations to achieve granular control over workforce data collection and reporting. Their market position is defined by a dual focus on high-quality system performance and comprehensive customer support, including 24/7 assistance and unlimited training. This approach allows the firm to serve as a strategic partner for businesses seeking to optimize labor management through scalable, data-driven technology.

How much funding has Andrews Technology raised?

Andrews Technology has raised a total of $577K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$427K

Debt (2020): $150K with participation from PPP

Debt (2021): $427K led by PPP

Key Investors in Andrews Technology

PPP

Public-Private Partnership

What's next for Andrews Technology?

With the recent capital deployment, Andrews Technology is expected to prioritize the enhancement of its mobile-first scheduling capabilities and the integration of advanced analytics into its core software offerings. The strategic focus will likely shift toward deepening market penetration within the enterprise segment, where demand for real-time workforce visibility remains high. Furthermore, the company is poised to leverage its increased financial capacity to refine its competitive pricing models, potentially disrupting traditional time management markets. As the firm scales, maintaining its reputation for high-touch customer support while managing rapid growth will be the primary operational challenge for the leadership team.

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Frequently Asked Questions Regarding Andrews Technology Financial Insights

What are the most recent funding rounds that Andrews Technology has completed, and what were the funding rounds?
Andrews Technology has recently completed 2 funding rounds: Debt on Feb 4, 2021, Debt on Apr 8, 2020.
What is the total amount of funding Andrews Technology has raised to date?
Andrews Technology has raised a total of $577K in funding to date.
How many funding rounds has Andrews Technology completed?
Andrews Technology has completed 2 funding rounds.
How much funding did Andrews Technology raise in its most recent funding round?
Andrews Technology raised $427K in its most recent funding round.
Who are the lead investors in Andrews Technology's latest funding round?
The lead investor in Andrews Technology's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Andrews Technology's history?
The largest funding round in Andrews Technology's history was $427K.
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