How Much Did Sitehands Raise?
Funding & Key Investors

Sitehands, a prominent player in the enterprise IT field services sector, has successfully secured a total of $67.7M in capital to date. This trajectory of financial backing, which includes a recent strategic investment of $2M, underscores the company's pivotal role in modernizing technical support operations. By leveraging a two-sided marketplace model, the firm has demonstrated significant resilience and growth potential within the competitive landscape of managed IT services.

The company's funding history reflects a steady maturation, beginning with initial private equity injections in late 2016, followed by substantial Series A financing in 2018, and culminating in recent debt-based capital infusions. This progression highlights a strategic approach to scaling operations while maintaining a robust balance sheet, positioning Sitehands as a critical partner for enterprises seeking to optimize their field service delivery.

What is Sitehands?

Sitehands
Business ServicesSoftware Testing

Founded in 2016 and headquartered in Charlotte, North Carolina, Sitehands operates as an innovative enterprise IT field services platform. The company utilizes a sophisticated two-sided marketplace architecture to connect organizations with qualified technical talent, effectively bridging the gap between complex IT infrastructure requirements and on-site execution. By standardizing the delivery of field services, Sitehands enables large-scale enterprises to achieve greater operational efficiency, reduced downtime, and improved service consistency across geographically dispersed locations. Its market position is defined by its ability to simplify the fragmented IT services ecosystem, providing a scalable solution for businesses navigating the complexities of digital transformation and hardware maintenance.

How much funding has Sitehands raised?

Sitehands has raised a total of $67.7M across 4 funding rounds:

2016

Private Equity

$15M

2017

Private Equity

$25M

2018

Series A

$25.7M

2020

Debt

$2M

Private Equity (2016): $15M, investors not publicly disclosed

Private Equity (2017): $25M led by FTV Capital

Series A (2018): $25.7M supported by FTV Capital

Debt (2020): $2M featuring PPP

Key Investors in Sitehands

FTV Capital

A growth equity investment firm that focuses on high-growth companies in the enterprise technology and financial services sectors.

PPP

Public-Private Partnership

Undisclosed Investor

An undisclosed investor participating in the early-stage funding round to support the company's initial market entry.

What's next for Sitehands?

With the recent infusion of capital, Sitehands is well-positioned to accelerate its market penetration and enhance its proprietary service delivery platform. The company is expected to focus on expanding its network of service providers and deepening its integration capabilities with enterprise-grade IT management systems. As the demand for reliable, on-demand technical support continues to rise, Sitehands will likely prioritize the automation of its marketplace matching algorithms to further reduce friction in service deployment. This strategic focus on operational excellence and technological advancement will be essential as the firm seeks to solidify its leadership in the enterprise IT services sector and navigate the evolving requirements of global corporate clients.

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Frequently Asked Questions Regarding Sitehands Financial Insights

What are the most recent funding rounds that Sitehands has completed, and what were the funding rounds?
Sitehands has recently completed 3 funding rounds: Debt on Apr 14, 2020, Series A on Mar 5, 2018, Private Equity on Jun 26, 2017.
What is the total amount of funding Sitehands has raised to date?
Sitehands has raised a total of $67.7M in funding to date.
How many funding rounds has Sitehands completed?
Sitehands has completed 3 funding rounds.
How much funding did Sitehands raise in its most recent funding round?
Sitehands raised $2M in its most recent funding round.
Who are the lead investors in Sitehands's latest funding round?
The lead investor in Sitehands'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 Sitehands's history?
The largest funding round in Sitehands's history was $25.7M.
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