How Much Did Procomm Systems Raise?
Funding & Key Investors

Procomm Systems has secured significant capital, with its total funding reaching $523K following a recent major strategic investment of $373K. This latest financing round, which closed on February 23, 2021, underscores the company's established position in the critical communications sector. The company's funding history, including previous debt financing rounds, indicates a consistent strategy for capital acquisition to support its operations and growth.

What is Procomm Systems?

Procomm Systems
TelecommunicationsVoIPArchitecture, Engineering & Design

Procomm Systems, Inc. is a veteran-owned entity specializing in the provision of critical communications systems. The company designs, builds, and maintains essential infrastructure, including communication towers and power backup systems, alongside advanced recording solutions. Its services are tailored for sectors where reliable communication is paramount, such as public safety, transportation, government, education, utilities, and heavy industry. Founded in 1989, Procomm is dedicated to ensuring the operational efficiency and safety of its clients through robust and dependable communication networks.

How much funding has Procomm Systems raised?

Procomm Systems has raised a total of $523K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$373K

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

Debt (2021): $373K led by PPP

Key Investors in Procomm Systems

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for Procomm Systems?

The recent major strategic investment signals a phase of potential expansion or technological advancement for Procomm Systems. Given the company's focus on critical infrastructure and its established market presence, this capital infusion is likely to be directed towards enhancing its service offerings, expanding its network reach, or investing in next-generation communication technologies. The company's commitment to public safety and industrial sectors suggests that future developments will continue to prioritize reliability and resilience in communication systems.

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Frequently Asked Questions Regarding Procomm Systems Financial Insights

What are the most recent funding rounds that Procomm Systems has completed, and what were the funding rounds?
Procomm Systems has recently completed 2 funding rounds: Debt on Feb 23, 2021, Debt on Apr 12, 2020.
What is the total amount of funding Procomm Systems has raised to date?
Procomm Systems has raised a total of $523K in funding to date.
How many funding rounds has Procomm Systems completed?
Procomm Systems has completed 2 funding rounds.
How much funding did Procomm Systems raise in its most recent funding round?
Procomm Systems raised $373K in its most recent funding round.
Who are the lead investors in Procomm Systems's latest funding round?
The lead investor in Procomm 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 Procomm Systems's history?
The largest funding round in Procomm Systems's history was $373K.
See more information about Procomm Systems