What is iTeam?
iTeam, operating within the Custom Software & IT Services sector, is a technology solutions provider that employs between 20 to 49 individuals and generates an annual revenue between $1 million and $5 million. The company's focus on delivering tailored software and IT services positions it as a key player in assisting businesses with their digital transformation and operational efficiency needs. Its market presence is further defined by its engagement in various funding rounds, reflecting investor confidence in its business model and growth trajectory.
How much funding has iTeam raised?
iTeam has raised a total of $5.5M across 4 funding rounds:
Series A
$1.7M
Other Financing Round
$40K
Private Equity
$692K
Debt
$3.1M
Series A (2008): $1.7M with participation from Undisclosed
Other Financing Round (2009): $40K led by LaunchCapital
Private Equity (2012): $692K supported by Undisclosed
Debt (2016): $3.1M, investors not publicly disclosed
Key Investors in iTeam
LaunchCapital
LaunchCapital is a venture capital firm specializing in early-stage investments, providing hands-on support to entrepreneurs. With a history of backing over 200 companies, they focus on seed and growth investments, leveraging their network and expertise to foster innovation across various industries.
What's next for iTeam?
With the recent major strategic investment, iTeam is poised for accelerated expansion and innovation. The company is likely to leverage this capital to enhance its service offerings, scale its operations, and potentially explore new market segments within the custom software and IT services industry. This strategic financing suggests a focus on strengthening its competitive advantage and solidifying its position as a leader in providing bespoke technology solutions to enterprises. Future developments may include advancements in its product suite and strategic partnerships to further its market reach.
See full iTeam company page
