How Much Did outsourceIT Raise?
Funding & Key Investors

OutsourceIT has secured a total funding amount of $425K, with its most recent capital infusion being $275K. This major strategic investment marks a significant milestone for the company as it continues to scale its operations and expand its reach in the IT support sector. The company's funding trajectory, with its latest financing round occurring on January 23, 2021, indicates a period of substantial growth and strategic development.

What is outsourceIT?

outsourceIT
Business ServicesSoftware Testing

OutsourceIT is a provider of comprehensive IT support services, serving clients across Washington DC, Maryland, Virginia, and North Carolina. The company specializes in aligning technology solutions with the specific missions of its clients, offering a suite of services that includes managed IT services, VoIP, data backup, and cloud services. With a strong emphasis on rapid response times and strategic IT consultation, OutsourceIT aims to ensure client success by delivering modern, flexible IT solutions and facilitating seamless cloud migration strategies. Their expertise helps clients optimize technology investments and adapt to evolving digital landscapes.

How much funding has outsourceIT raised?

outsourceIT has raised a total of $425K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$275K

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

Debt (2021): $275K led by PPP

Key Investors in outsourceIT

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for outsourceIT?

With its recent large-scale late-stage funding, OutsourceIT is strategically positioned for accelerated growth. The infusion of capital is expected to fuel further expansion of its service offerings, enhance its technological infrastructure, and potentially broaden its geographic footprint. This investment will likely enable OutsourceIT to deepen its market penetration in its core regions and explore new opportunities in managed IT services and cloud solutions. The company's focus on client success and adaptable IT strategies suggests a continued commitment to innovation and service excellence as it navigates its next phase of development.

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Frequently Asked Questions Regarding outsourceIT Financial Insights

What are the most recent funding rounds that outsourceIT has completed, and what were the funding rounds?
outsourceIT has recently completed 2 funding rounds: Debt on Jan 23, 2021, Debt on Apr 15, 2020.
What is the total amount of funding outsourceIT has raised to date?
outsourceIT has raised a total of $425K in funding to date.
How many funding rounds has outsourceIT completed?
outsourceIT has completed 2 funding rounds.
How much funding did outsourceIT raise in its most recent funding round?
outsourceIT raised $275K in its most recent funding round.
Who are the lead investors in outsourceIT's latest funding round?
The lead investor in outsourceIT'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 outsourceIT's history?
The largest funding round in outsourceIT's history was $275K.
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