How Much Did SolutionIT Raise?
Funding & Key Investors

SolutionIT has secured $1.3M in total capital, with its most recent funding round bringing in $916K through a major strategic investment. This significant financing underscores the company's established presence and its ongoing growth trajectory within the enterprise IT consulting sector.

What is SolutionIT?

SolutionIT
Business ServicesSoftware TestingHuman Resources Management Systems (HRMS)

SolutionIT is a national IT consulting firm that specializes in Technology Staffing and Oracle E-Business Solutions. The company collaborates with clients to develop cost-effective roadmaps for their functionality and application deployments, rollouts, upgrades, and ongoing support. SolutionIT emphasizes the quality of its deployed resources and staff augmentation roles, fostering an environment that attracts and retains top talent in the industry.

How much funding has SolutionIT raised?

SolutionIT has raised a total of $1.3M across 2 funding rounds:

2020

Debt

$350K

2021

Debt

$916K

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

Debt (2021): $916K led by PPP

Key Investors in SolutionIT

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for SolutionIT?

The recent major strategic investment indicates SolutionIT is likely in a scaling or expansion phase, leveraging this capital to enhance its service offerings and market reach. The company's focus on specialized areas like Oracle E-Business Solutions and technology staffing positions it to capitalize on the continued demand for skilled IT professionals and robust enterprise systems. Future growth may involve expanding its national footprint, deepening its expertise in emerging technologies, or acquiring complementary businesses to broaden its service portfolio.

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Frequently Asked Questions Regarding SolutionIT Financial Insights

What are the most recent funding rounds that SolutionIT has completed, and what were the funding rounds?
SolutionIT has recently completed 2 funding rounds: Debt on Feb 17, 2021, Debt on Apr 27, 2020.
What is the total amount of funding SolutionIT has raised to date?
SolutionIT has raised a total of $1.3M in funding to date.
How many funding rounds has SolutionIT completed?
SolutionIT has completed 2 funding rounds.
How much funding did SolutionIT raise in its most recent funding round?
SolutionIT raised $916K in its most recent funding round.
Who are the lead investors in SolutionIT's latest funding round?
The lead investor in SolutionIT'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 SolutionIT's history?
The largest funding round in SolutionIT's history was $916K.
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