How Much Did Hilyard's Raise?
Funding & Key Investors

Hilyard's, a long-standing pillar in the regional business technology sector, has successfully secured a major strategic investment, bringing its total capital accumulation to $350K. This latest infusion of $350K underscores the firm's resilience and its capacity to adapt to the shifting demands of the modern enterprise landscape. By leveraging this financial backing, the company reinforces its commitment to maintaining a competitive edge in the office automation and IT services market.

The capital injection serves as a testament to the company's enduring operational model, which has evolved significantly since its inception in 1959. As the organization navigates the complexities of late-stage growth, this financing provides the necessary liquidity to scale its service offerings and deepen its market penetration across its core operational hubs in Wilmington and Salisbury.

What is Hilyard's?

Hilyard's
Business ServicesSoftware TestingOffice Products Retail & Distribution

Hilyard's Business Solutions operates as a comprehensive provider of office technology and managed IT services. With a legacy spanning over six decades, the firm has transitioned from a traditional copier and multifunction printer dealer into a multifaceted technology partner. Their portfolio includes high-end hardware from industry leaders such as Sharp, Canon, and Xerox, complemented by a robust suite of managed network services, data backup solutions, and specialized software integrations. By focusing on the intersection of hardware reliability and digital infrastructure, Hilyard's maintains a critical role in supporting the operational continuity of local and regional enterprises.

How much funding has Hilyard's raised?

Hilyard's has raised a total of $350K across 1 funding round:

2020

Debt

$350K

Debt (2020): $350K with participation from PPP

Key Investors in Hilyard's

PPP

Public-Private Partnership

What's next for Hilyard's?

With the recent strategic investment, Hilyard's is well-positioned to accelerate its digital transformation initiatives and expand its managed services footprint. The company is expected to prioritize the integration of advanced cybersecurity protocols and cloud-based infrastructure management to meet the sophisticated needs of its client base. This strategic pivot toward high-margin IT services will likely serve as the primary engine for future growth, allowing the firm to move beyond traditional hardware sales and establish itself as a holistic technology consultant. As the company continues to scale, the focus will remain on balancing its family-owned heritage with the rigorous demands of a modern, technology-driven market environment.

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Frequently Asked Questions Regarding Hilyard's Financial Insights

What are the most recent funding rounds that Hilyard's has completed, and what were the funding rounds?
Hilyard's has recently completed 1 funding rounds: Debt on Apr 8, 2020.
What is the total amount of funding Hilyard's has raised to date?
Hilyard's has raised a total of $350K in funding to date.
How many funding rounds has Hilyard's completed?
Hilyard's has completed 1 funding rounds.
How much funding did Hilyard's raise in its most recent funding round?
Hilyard's raised $350K in its most recent funding round.
Who are the lead investors in Hilyard's's latest funding round?
The lead investor in Hilyard's'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 Hilyard's's history?
The largest funding round in Hilyard's's history was $350K.
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