What is Sols?
Sols operates within the Custom Software & IT Services industry, employing between 10 to 19 individuals and generating revenues in the range of $5 million to $10 million. Headquartered in New York City, the company focuses on delivering tailored software solutions and IT services. Its market position is characterized by its ability to secure substantial investment, indicating strong investor confidence in its business model and future potential.
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 Lux Capital, RRE Ventures, Advanced Laser Materials, Terrawatt Ventures, Smart Garden, and Rothenberg Ventures
Series A (2014): $6.4M led by Grape Arbor VC, Felicis Ventures, Rothenberg Ventures, Lux Capital, FundersGuild, 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, backing founders in frontier areas such as AI, robotics, space, defense, biotechnology, and advanced materials.
RRE Ventures
RRE Ventures is a venture capital firm dedicated to supporting founders at critical stages of their business journey, investing in a diverse portfolio of startups and focusing on long-term partnerships with entrepreneurs.
Rothenberg Ventures
Rothenberg Ventures is a venture capital firm that invests in visionary entrepreneurs developing transformative technologies, providing capital and strategic guidance to accelerate the growth of early-stage companies.
What's next for Sols?
The substantial enterprise-level funding and strategic investments received by Sols suggest a focus on scaling operations, expanding market reach, and potentially developing new technological capabilities. The company's history of consistent financing rounds, culminating in a Series B round, points towards a mature growth phase. Future strategic moves are likely to involve leveraging this capital for product innovation, market penetration, and strengthening its competitive advantage in the custom software and IT services landscape.
See full Sols company page
