How Much Did Preferred Data Systems Raise?
Funding & Key Investors

Preferred Data Systems has secured $97K in total financing, with a recent infusion of $97K designated for substantial expansion capital. This latest round of investment underscores the company's strategic growth trajectory and its position within the competitive IT services market.

What is Preferred Data Systems?

Preferred Data Systems
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Preferred Data Systems is a provider of comprehensive IT support services operating within the Detroit Metro area. The company specializes in a suite of solutions including managed services, cloud computing, robust data backup and recovery, advanced network security, and secure email protection. Their business model is centered on delivering flat-rate service packages designed to help businesses optimize their IT operations and achieve cost efficiencies. By offering 24/7 network monitoring, Preferred Data Systems ensures high levels of system uptime and reliability, enabling their clientele, primarily small and medium-sized enterprises, to concentrate on core business development rather than technology management.

How much funding has Preferred Data Systems raised?

Preferred Data Systems has raised a total of $97K across 1 funding round:

2021

Debt

$97K

Debt (2021): $97K with participation from PPP

Key Investors in Preferred Data Systems

PPP

Public-Private Partnership

What's next for Preferred Data Systems?

With significant backing at what appears to be a Series B/C stage, Preferred Data Systems is poised for accelerated growth and market penetration. The recent capital infusion for expansion suggests a strategic focus on scaling operations, potentially through enhanced service offerings, broader geographic reach within the Detroit Metro area, or investments in new technologies. This financial momentum is expected to solidify their competitive advantage in providing dependable IT support and technology management solutions to the region's business community.

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Frequently Asked Questions Regarding Preferred Data Systems Financial Insights

What are the most recent funding rounds that Preferred Data Systems has completed, and what were the funding rounds?
Preferred Data Systems has recently completed 1 funding rounds: Debt on Mar 13, 2021.
What is the total amount of funding Preferred Data Systems has raised to date?
Preferred Data Systems has raised a total of $97K in funding to date.
How many funding rounds has Preferred Data Systems completed?
Preferred Data Systems has completed 1 funding rounds.
How much funding did Preferred Data Systems raise in its most recent funding round?
Preferred Data Systems raised $97K in its most recent funding round.
Who are the lead investors in Preferred Data Systems's latest funding round?
The lead investor in Preferred Data Systems'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 Preferred Data Systems's history?
The largest funding round in Preferred Data Systems's history was $97K.
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