How Much Did Select Resources Raise?
Funding & Key Investors

Select Resources has secured $1.1M in total capital, with its most recent financing round amounting to $771K. This major strategic investment underscores the company's significant enterprise-level funding trajectory, positioning it for continued expansion in the competitive IT staffing sector.

The company's funding history, which includes two debt financing rounds totaling $1.121 million from 'PPP' on April 12, 2020, and January 17, 2021, indicates a period of financial consolidation and operational support. The recent funding context of a 'major strategic investment' suggests a pivotal moment for the firm.

What is Select Resources?

Select Resources
Business ServicesHuman Resources Management Systems (HRMS)

Select Resources operates as a premier provider of IT staffing solutions, serving a diverse range of industries across Michigan and adjacent regions. The company distinguishes itself through a bespoke methodology designed to address the persistent technology skills gap. This approach ensures the delivery of highly qualified contract, contract-to-hire, and direct-placement candidates, minimizing time-to-hire and maximizing client satisfaction. Select Resources emphasizes the reliability and skill of its talent pool, backed by comprehensive support and industry-leading benefits. Its core values of Quality, Commitment, and Integrity have enabled the establishment of world-class service levels for both candidates and hiring managers.

How much funding has Select Resources raised?

Select Resources has raised a total of $1.1M across 2 funding rounds:

2020

Debt

$350K

2021

Debt

$771K

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

Debt (2021): $771K led by PPP

What's next for Select Resources?

The recent major strategic investment signifies a critical juncture for Select Resources, likely enabling the company to accelerate its growth initiatives, enhance its service offerings, and potentially expand its geographical reach. With a strong foundation in IT staffing and a commitment to quality, the company is well-positioned to capitalize on the ongoing demand for specialized technology talent. Future strategic moves may involve further investment in talent acquisition technologies, expanding its client base within key industries, or exploring new service verticals within the IT sector. The enterprise-level funding context suggests a focus on scaling operations and solidifying market leadership.

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Frequently Asked Questions Regarding Select Resources Financial Insights

What are the most recent funding rounds that Select Resources has completed, and what were the funding rounds?
Select Resources has recently completed 2 funding rounds: Debt on Jan 17, 2021, Debt on Apr 12, 2020.
What is the total amount of funding Select Resources has raised to date?
Select Resources has raised a total of $1.1M in funding to date.
How many funding rounds has Select Resources completed?
Select Resources has completed 2 funding rounds.
How much funding did Select Resources raise in its most recent funding round?
Select Resources raised $771K in its most recent funding round.
Who are the lead investors in Select Resources's latest funding round?
The lead investor in Select Resources'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 Select Resources's history?
The largest funding round in Select Resources's history was $771K.
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