What is Bates?
Bates & Company is an Orlando-based firm with over 120 years of combined experience in Retirement Plan Administration. The company excels in designing and administering retirement programs precisely tailored to business needs, offering personalized service and robust technical support. Their primary client base includes medical professionals, lawyers, accountants, and small to mid-sized companies throughout Florida, with a particular focus on the Central Florida region. Bates is committed to fostering long-term client relationships through dedicated account management for businesses with 401(k) or Profit Sharing Plans accommodating up to 250 employees.
How much funding has Bates raised?
Bates has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Bates
PPP
Public-Private Partnership
What's next for Bates?
The substantial capital infusion, highlighted by the recent strategic investment, positions Bates for significant expansion and enhanced service offerings. As a company with a long-standing history and a clear focus on specialized retirement plan administration, this backing is expected to fuel further development of their tailored solutions and potentially broaden their market reach beyond Florida. The late-stage funding context suggests a strategic move towards scaling operations, solidifying market leadership, and potentially exploring new service verticals within the retirement planning landscape.
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