What is Sols?
Sols operates within the Custom Software & IT Services sector, employing between 10 to 19 individuals and generating revenue in the range of $5 million to $10 million. Headquartered in New York City, the company is positioned in a dynamic market that demands innovative technological solutions. Its operational focus is on delivering bespoke software and IT services, catering to a clientele that requires specialized digital infrastructure and support.
How much funding has Sols raised?
Sols has raised a total of $19.3M across 3 funding rounds:
Angel/Seed
$1.8M
Series A
$6.4M
Series B
$11.1M
Angel/Seed (2013): $1.8M with participation from Advanced Laser Materials, Terrawatt Ventures, Smart Garden, RRE Ventures, Lux Capital, and Rothenberg Ventures
Series A (2014): $6.4M led by Lux Capital, Rothenberg Ventures, FundersGuild, Grape Arbor VC, Felicis Ventures, Founders Fund, and RRE
Series B (2015): $11.1M supported by Tenaya Capital, Lux Capital, and Founders Fund
Key Investors in Sols
Lux Capital
Lux Capital is a New York-based venture capital firm specializing in early-stage and growth-stage companies at the intersection of science and technology. They back founders in frontier areas such as AI, robotics, space, defense, biotechnology, and advanced materials.
Rothenberg Ventures
Rothenberg Ventures is a venture capital firm that invests in visionary entrepreneurs developing transformative technologies in areas like AI, spatial computing, biotechnology, and clean energy, providing capital and strategic guidance.
Founders Fund
Founders Fund invests in important and valuable companies across all geographies, sectors, and stages, offering a founder-friendly investment strategy with maximum support and minimum interference.
What's next for Sols?
The substantial enterprise-level backing and recent strategic investment suggest Sols is poised for a significant scaling phase. This infusion of capital is likely to fuel product development, market expansion, and potentially strategic acquisitions. The company's history of securing diverse funding rounds, from early-stage seed capital to later-stage Series B financing, demonstrates a robust growth strategy and investor confidence in its long-term vision. Sols is expected to leverage this financial momentum to enhance its competitive edge in the custom software and IT services landscape.
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