How Much Did Smart Tech Raise?
Funding & Key Investors

Smart Tech has secured $35K in total financing, with a recent capital infusion of $35K designated for substantial expansion. This significant funding round, indicative of a Series B/C stage, underscores the company's robust growth trajectory and market potential in the mobile device repair sector.

The company's latest investment, dated February 24, 2021, was a debt financing round amounting to $35M. This strategic backing is poised to fuel Smart Tech's next phase of development and operational scaling.

What is Smart Tech?

Smart Tech
Consumer ServicesRepair ServicesEcommerce Platforms

Smart Tech is a Milwaukee-based enterprise specializing in comprehensive mobile phone repair services, with a particular focus on iPhone devices. Their core offerings include expert screen and battery replacements, as well as meticulous water damage repair. A key differentiator for Smart Tech is their commitment to rapid, on-site service, often completing repairs in under 20 minutes, thereby minimizing disruption for their clientele.

Beyond repairs, the company actively engages in the buying and selling of new, used, and damaged iPhones, ensuring competitive pricing and upholding a standard of quality service. Their operational philosophy centers on the utilization of high-quality parts and the delivery of prompt, superior workmanship, aiming to establish a benchmark for customer satisfaction in the mobile device repair industry.

How much funding has Smart Tech raised?

Smart Tech has raised a total of $35K across 1 funding round:

2021

Debt

$35K

Debt (2021): $35K with participation from PPP

Key Investors in Smart Tech

PPP

Public-Private Partnership

What's next for Smart Tech?

With the recent substantial expansion capital, Smart Tech is strategically positioned to accelerate its growth initiatives. This financing is expected to enable the company to enhance its service offerings, potentially expand its geographic reach, and invest in advanced repair technologies. The company's focus on efficient, high-quality repairs, coupled with its ancillary business of trading pre-owned devices, provides a solid foundation for sustained market penetration and increased revenue streams. Future developments will likely involve scaling operations to meet growing demand and solidifying its reputation as a leading provider of mobile device repair solutions.

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Frequently Asked Questions Regarding Smart Tech Financial Insights

What are the most recent funding rounds that Smart Tech has completed, and what were the funding rounds?
Smart Tech has recently completed 1 funding rounds: Debt on Feb 24, 2021.
What is the total amount of funding Smart Tech has raised to date?
Smart Tech has raised a total of $35K in funding to date.
How many funding rounds has Smart Tech completed?
Smart Tech has completed 1 funding rounds.
How much funding did Smart Tech raise in its most recent funding round?
Smart Tech raised $35K in its most recent funding round.
Who are the lead investors in Smart Tech's latest funding round?
The lead investor in Smart Tech'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 Smart Tech's history?
The largest funding round in Smart Tech's history was $35K.
See more information about Smart Tech