How Much Did operateIT Raise?
Funding & Key Investors

operateIT, a specialized provider of cloud-based technology solutions for the kitchen and bath industry, has successfully secured a significant capital injection. This latest financing round, totaling $60K, underscores the company's robust market position and its commitment to digitizing trade workflows. With a cumulative investment reaching $60K, the firm is well-positioned to accelerate its mission of replacing fragmented legacy systems with a unified, full-cycle operating platform.

What is operateIT?

operateIT
SoftwareEnterprise Resource Planning (ERP)

Based in Long Island, NY, operateIT serves as a critical infrastructure provider for kitchen and bath dealers and designers. Its flagship application, CompuTool Connect, functions as a comprehensive operating system that streamlines the entire project lifecycle, from initial inquiry to final ordering. By integrating essential third-party tools like 20-20 and QuickBooks, the platform eliminates the need for disparate, single-focus software. The company is uniquely positioned due to its ownership structure, which is 98 percent held by industry professionals, ensuring that the software remains deeply aligned with the practical, day-to-day requirements of the trade. Under the leadership of CEO Keith Tobias and Chairman Ken Peterson, the firm combines over two decades of software development expertise with deep-rooted industry knowledge to deliver high-value business process automation.

How much funding has operateIT raised?

operateIT has raised a total of $60K across 1 funding round:

2021

Debt

$60K

Debt (2021): $60K with participation from PPP

Key Investors in operateIT

PPP

Public-Private Partnership

What's next for operateIT?

The infusion of capital will likely be directed toward scaling the company's White Glove Implementation Services (WGIS) and expanding the reach of its cloud-based suite. As the construction and design sectors continue to prioritize digital transformation, operateIT is poised to capture additional market share by offering a more cohesive, integrated experience for trade professionals. Future strategic initiatives will likely focus on enhancing vendor catalog integrations and refining the platform's front-end design capabilities to maintain its competitive edge in the specialized trade technology market.

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Frequently Asked Questions Regarding operateIT Financial Insights

What are the most recent funding rounds that operateIT has completed, and what were the funding rounds?
operateIT has recently completed 1 funding rounds: Debt on Feb 3, 2021.
What is the total amount of funding operateIT has raised to date?
operateIT has raised a total of $60K in funding to date.
How many funding rounds has operateIT completed?
operateIT has completed 1 funding rounds.
How much funding did operateIT raise in its most recent funding round?
operateIT raised $60K in its most recent funding round.
Who are the lead investors in operateIT's latest funding round?
The lead investor in operateIT'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 operateIT's history?
The largest funding round in operateIT's history was $60K.
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