Spry Squared Funding: How Much Did They Raise & Key Investors

How Much Did Spry Squared Raise?
Funding & Key Investors

Spry Squared, a Colorado Springs-based Minority and Woman Owned Small Business, has successfully secured a total of $451K in capital to bolster its market position. The firm recently finalized a round of $50K, marking a significant milestone in its trajectory as a provider of specialized managed IT and cybersecurity services. This infusion of investment underscores the company's ongoing commitment to scaling its operational capacity and enhancing its service delivery model for both federal and commercial clients.

The company's financial history reflects a consistent pattern of debt-based financing, beginning with an initial injection in April 2020, followed by a substantial capital raise in early 2021, and culminating in the most recent financing event in September 2024. This strategic approach to capital management has allowed Spry Squared to maintain its focus on high-growth sectors, particularly in the realm of regulatory compliance and proactive IT infrastructure management.

What is Spry Squared?

Spry Squared

Business Services

Software Testing

Spry Squared operates as a critical partner for organizations navigating the complexities of modern digital environments. By specializing in Managed IT and Cybersecurity, the firm provides essential support for businesses requiring rigorous adherence to standards such as NIST SP 800-171. As a Minority and Woman Owned Small Business, the company leverages its unique status to secure federal government contracts while simultaneously providing high-value, cost-effective IT solutions to the commercial sector. Their service portfolio is designed to mitigate risk through proactive monitoring and strategic IT planning, ensuring that clients remain resilient against evolving cyber threats while maintaining operational efficiency.

How much funding has Spry Squared raised?

Spry Squared has raised a total of $451K across 3 funding rounds:

2020

Debt

$150K

2021

Debt

$251K

2024

Debt

$50K

Debt (2020): $150K with participation from PPP

Debt (2021): $251K led by PPP

Debt (2024): $50K supported by Ready Capital

Key Investors in Spry Squared

Ready Capital

A multi-strategy real estate finance company that provides debt financing solutions to small and medium-sized businesses.

PPP

Public-Private Partnership

What's next for Spry Squared?

With the recent influx of $50K, Spry Squared is well-positioned to accelerate its expansion strategy. The firm is expected to prioritize the enhancement of its cybersecurity service suite, likely investing in advanced threat detection technologies and expanding its team of specialized IT personnel. By deepening its expertise in federal compliance, the company aims to capture a larger share of the government contracting market. Furthermore, the strategic deployment of this capital will likely focus on scaling service delivery capabilities to meet the increasing demand for secure, compliant IT infrastructure in an era of heightened digital vulnerability. The company remains focused on long-term sustainability and the continued professionalization of its service offerings.

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Frequently Asked Questions Regarding Spry Squared Financial Insights

What are the most recent funding rounds that Spry Squared has completed, and what were the funding rounds?

Spry Squared has recently completed 3 funding rounds: Debt on Sep 30, 2024, Debt on Jan 28, 2021, Debt on Apr 8, 2020.

What is the total amount of funding Spry Squared has raised to date?

Spry Squared has raised a total of $451K in funding to date.

How many funding rounds has Spry Squared completed?

Spry Squared has completed 3 funding rounds.

How much funding did Spry Squared raise in its most recent funding round?

Spry Squared raised $50K in its most recent funding round.

Who are the lead investors in Spry Squared's latest funding round?

The lead investor in Spry Squared's latest funding round was Ready Capital. To access investor data and explore similar companies, sign up for ZoomInfo.

Which was the largest funding round in Spry Squared's history?

The largest funding round in Spry Squared's history was $251K.

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