How Much Did Dependable Source Raise?
Funding & Key Investors

Dependable Source, a specialized provider of commercial driver staffing solutions, has successfully secured a major strategic investment to bolster its operational capacity. This latest financing round, which brings the firm's total capital accumulation to $150K, underscores the company's resilience and market relevance within the logistics and transportation sector. The recent infusion of $150K serves as a pivotal milestone, enabling the organization to scale its recruitment infrastructure and refine its proprietary placement methodologies in an increasingly competitive labor market.

What is Dependable Source?

Dependable Source
Business ServicesHuman Resources Management Systems (HRMS)

Established in 1994, Dependable Source has carved out a distinct niche by addressing the critical shortage of qualified CDL drivers. Unlike traditional staffing agencies that prioritize volume, the company leverages deep industry expertise—spanning dispatching, safety management, and truck leasing—to ensure precise alignment between driver skill sets and client operational requirements. By focusing on custom-made staffing programs, the firm has transitioned from a boutique service provider to a critical partner for logistics enterprises seeking to optimize their supply chain reliability through high-caliber human capital.

How much funding has Dependable Source raised?

Dependable Source has raised a total of $150K across 1 funding round:

2020

Debt

$150K

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

Key Investors in Dependable Source

PPP

Public-Private Partnership

What's next for Dependable Source?

With the successful closure of this late-stage funding, Dependable Source is positioned to accelerate its market penetration and technological integration. The strategic roadmap likely involves expanding its geographic footprint and enhancing its digital vetting platforms to maintain its competitive edge in driver retention and safety compliance. As the transportation industry faces ongoing volatility, the company's ability to provide consistent, high-quality staffing solutions will be instrumental in sustaining its growth trajectory and solidifying its reputation as a leader in specialized workforce management.

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Frequently Asked Questions Regarding Dependable Source Financial Insights

What are the most recent funding rounds that Dependable Source has completed, and what were the funding rounds?
Dependable Source has recently completed 1 funding rounds: Debt on May 3, 2020.
What is the total amount of funding Dependable Source has raised to date?
Dependable Source has raised a total of $150K in funding to date.
How many funding rounds has Dependable Source completed?
Dependable Source has completed 1 funding rounds.
How much funding did Dependable Source raise in its most recent funding round?
Dependable Source raised $150K in its most recent funding round.
Who are the lead investors in Dependable Source's latest funding round?
The lead investor in Dependable Source'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 Dependable Source's history?
The largest funding round in Dependable Source's history was $150K.
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