How Much Did Reliable Temps Raise?
Funding & Key Investors

Reliable Temps has successfully secured a significant capital infusion, bringing its cumulative financial backing to $1M. This latest strategic investment of $672K underscores the firm's robust operational stability within the competitive staffing sector. By leveraging these debt-based financing instruments, the organization continues to solidify its market presence across Connecticut, Massachusetts, and New Hampshire, ensuring liquidity for ongoing service expansion and infrastructure development.

What is Reliable Temps?

Reliable Temps
Business ServicesHuman Resources Management Systems (HRMS)

Established in 1989, Reliable Temps functions as a comprehensive staffing agency providing specialized human capital solutions. The firm maintains a diverse portfolio of services, ranging from temporary labor and temp-to-hire arrangements to permanent placement for technical, clerical, and manufacturing roles. With over three decades of industry experience, the company has cultivated a reputation for value-driven recruitment, effectively bridging the gap between local enterprise requirements and the regional workforce. Their operational model is designed to address the nuanced demands of warehouse, accounting, and management sectors, positioning them as a critical partner for businesses seeking agile staffing support.

How much funding has Reliable Temps raised?

Reliable Temps has raised a total of $1M across 2 funding rounds:

2020

Debt

$350K

2021

Debt

$672K

Debt (2020): $350K with participation from PPP

Debt (2021): $672K led by PPP

Key Investors in Reliable Temps

PPP

Public-Private Partnership

What's next for Reliable Temps?

With the recent influx of capital, Reliable Temps is well-positioned to scale its service delivery model and enhance its technological integration for candidate matching. The company's focus remains on optimizing its regional footprint while navigating the complexities of the modern labor market. Future strategic initiatives will likely prioritize the modernization of their recruitment pipeline and the expansion of their technical staffing division. By maintaining a disciplined approach to debt management and operational efficiency, Reliable Temps aims to sustain its long-term growth trajectory, ensuring that it remains a preferred staffing partner for regional employers navigating fluctuating economic conditions and evolving workforce needs.

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Frequently Asked Questions Regarding Reliable Temps Financial Insights

What are the most recent funding rounds that Reliable Temps has completed, and what were the funding rounds?
Reliable Temps has recently completed 2 funding rounds: Debt on Jan 25, 2021, Debt on Apr 9, 2020.
What is the total amount of funding Reliable Temps has raised to date?
Reliable Temps has raised a total of $1M in funding to date.
How many funding rounds has Reliable Temps completed?
Reliable Temps has completed 2 funding rounds.
How much funding did Reliable Temps raise in its most recent funding round?
Reliable Temps raised $672K in its most recent funding round.
Who are the lead investors in Reliable Temps's latest funding round?
The lead investor in Reliable Temps'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 Reliable Temps's history?
The largest funding round in Reliable Temps's history was $672K.
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