How Much Did Preferred Raise?
Funding & Key Investors

Preferred, a provider of managed IT, cybersecurity, and compliance services, has secured significant capital, with its total funding reaching $150K. The company recently announced a $150K in a major strategic investment, underscoring its established position in the market. This latest financing round follows a history of capital raises, including a debt financing of $150M on April 7, 2020.

What is Preferred?

Preferred
Business ServicesSoftware Testing

Preferred specializes in delivering proactive managed IT, cybersecurity, and compliance solutions tailored to protect and foster the growth of businesses. With over three decades of operational experience, the company serves a broad spectrum of industries, including professional services, financial services, healthcare, legal, and manufacturing. Their comprehensive service portfolio encompasses managed IT services, robust cybersecurity measures, and expert compliance consulting, specifically designed for small to mid-sized organizations. Preferred is distinguished by its human-centered operational philosophy, which ensures exceptional client satisfaction and the strategic alignment of technology infrastructure with overarching business objectives.

How much funding has Preferred raised?

Preferred has raised a total of $150K across 1 funding round:

2020

Debt

$150K

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

What's next for Preferred?

The substantial capital infusion, characterized as large-scale late-stage funding, positions Preferred for accelerated growth and market expansion. This strategic backing is likely to fuel advancements in their service offerings, potentially including enhanced cybersecurity protocols and broader compliance solutions. The company's focus on serving small to mid-sized organizations suggests a strategic intent to capture a larger share of this market segment. Future developments may involve strategic partnerships or acquisitions to further solidify their market presence and technological capabilities, building upon their established reputation for reliability and client-centric service.

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Frequently Asked Questions Regarding Preferred Financial Insights

What are the most recent funding rounds that Preferred has completed, and what were the funding rounds?
Preferred has recently completed 1 funding rounds: Debt on Apr 7, 2020.
What is the total amount of funding Preferred has raised to date?
Preferred has raised a total of $150K in funding to date.
How many funding rounds has Preferred completed?
Preferred has completed 1 funding rounds.
How much funding did Preferred raise in its most recent funding round?
Preferred raised $150K in its most recent funding round.
Who are the lead investors in Preferred's latest funding round?
The lead investor in Preferred'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's history?
The largest funding round in Preferred's history was $150K.
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