How Much Did NetWize Raise?
Funding & Key Investors

NetWize, a provider of comprehensive computer solutions and support services, has secured significant capital, with its total funding reaching $495K. The company recently announced a major strategic investment of $345K, underscoring its position in the market. This latest financing round follows previous debt financing, indicating a shift towards growth-oriented capital infusion for the Salt Lake City-based firm.

What is NetWize?

NetWize
Business ServicesSoftware Testing

Founded in 1998 and headquartered in Salt Lake, Utah, NetWize specializes in a wide array of IT services. Their offerings encompass networking, system design, wiring, ongoing maintenance and repair, as well as educational and training services for computer systems. The company caters to businesses requiring robust IT infrastructure and reliable support, positioning itself as a key player in the computer solutions and support sector.

How much funding has NetWize raised?

NetWize has raised a total of $495K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$345K

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

Debt (2021): $345K led by PPP

What's next for NetWize?

The substantial capital infusion, particularly the recent strategic investment, signals NetWize's readiness for accelerated growth and market expansion. As a company operating in the large-scale late-stage funding environment, this backing is likely to be deployed towards enhancing service capabilities, expanding its geographical reach, and potentially investing in new technological solutions. The focus on strategic investment suggests a forward-looking approach aimed at solidifying its competitive advantage in the IT services landscape.

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Frequently Asked Questions Regarding NetWize Financial Insights

What are the most recent funding rounds that NetWize has completed, and what were the funding rounds?
NetWize has recently completed 2 funding rounds: Debt on Feb 10, 2021, Debt on Apr 7, 2020.
What is the total amount of funding NetWize has raised to date?
NetWize has raised a total of $495K in funding to date.
How many funding rounds has NetWize completed?
NetWize has completed 2 funding rounds.
How much funding did NetWize raise in its most recent funding round?
NetWize raised $345K in its most recent funding round.
Who are the lead investors in NetWize's latest funding round?
The lead investor in NetWize'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 NetWize's history?
The largest funding round in NetWize's history was $345K.
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