What is iTeam?
iTeam operates within the Custom Software & IT Services industry, providing specialized solutions to meet diverse client needs. With an employee base of 20 to 49 individuals and an estimated revenue between $1M to $5M, the company demonstrates a solid foundation for growth. Its focus on custom software development and IT services positions it to address complex technological challenges for businesses seeking tailored digital transformations. The company's strategic investments suggest a commitment to innovation and service enhancement.
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-stage investments nationwide.
What's next for iTeam?
The recent major strategic investment signals a pivotal moment for iTeam, likely enabling accelerated product development, market penetration, and talent acquisition. This capital infusion is expected to fuel the company's expansion efforts, allowing it to enhance its service offerings and solidify its competitive position in the custom software and IT services landscape. Future growth will likely involve strategic partnerships and the exploration of new technological frontiers to maintain its upward trajectory.
See full iTeam company page
