How Much Did Avid Technical Resources Raise?
Funding & Key Investors

Avid Technical Resources has secured $2.5M in total funding, with its most recent capital infusion amounting to $1.5M from a major strategic investment. This significant backing underscores the company's established presence and growth trajectory within the IT staffing sector.

What is Avid Technical Resources?

Avid Technical Resources
Business ServicesHuman Resources Management Systems (HRMS)

Avid Technical Resources is a national IT recruiting firm with over two decades of experience, specializing in providing tailored contract and permanent staffing solutions for the technology industry. The company serves a broad spectrum of clients, from emerging businesses to Fortune 500 corporations, offering comprehensive services including contract staffing, direct hire placement, and executive search. Its consistent recognition, including multiple Inc. Magazine's 5000 Fastest Growing Private Companies awards, highlights its commitment to connecting skilled IT professionals with leading organizations.

How much funding has Avid Technical Resources raised?

Avid Technical Resources has raised a total of $2.5M across 2 funding rounds:

2020

Debt

$1M

2021

Debt

$1.5M

Debt (2020): $1M with participation from PPP

Debt (2021): $1.5M led by PPP

Key Investors in Avid Technical Resources

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for Avid Technical Resources?

The substantial enterprise-level funding and recent strategic investment signal a period of accelerated growth and market expansion for Avid Technical Resources. This capital infusion is expected to bolster its capabilities in serving the evolving demands of the technology sector, potentially enabling further development of its recruitment technologies, expansion into new geographic markets, or enhancement of its service offerings to attract and retain top IT talent. The company is well-positioned to leverage this financial backing to solidify its leadership in the IT staffing landscape.

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Frequently Asked Questions Regarding Avid Technical Resources Financial Insights

What are the most recent funding rounds that Avid Technical Resources has completed, and what were the funding rounds?
Avid Technical Resources has recently completed 2 funding rounds: Debt on Jan 23, 2021, Debt on Apr 11, 2020.
What is the total amount of funding Avid Technical Resources has raised to date?
Avid Technical Resources has raised a total of $2.5M in funding to date.
How many funding rounds has Avid Technical Resources completed?
Avid Technical Resources has completed 2 funding rounds.
How much funding did Avid Technical Resources raise in its most recent funding round?
Avid Technical Resources raised $1.5M in its most recent funding round.
Who are the lead investors in Avid Technical Resources's latest funding round?
The lead investor in Avid Technical Resources'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 Avid Technical Resources's history?
The largest funding round in Avid Technical Resources's history was $1.5M.
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