How Much Did Support Group Raise?
Funding & Key Investors

Support Group has solidified its market position through a series of strategic capital injections, culminating in a total valuation of $397K. The firm recently secured a major strategic investment of $247K, marking a significant milestone in its late-stage growth trajectory. This influx of capital underscores the company's resilience and its critical role in providing high-end technical infrastructure to a diverse client base seeking to modernize legacy systems and streamline complex operational workflows.

What is Support Group?

Support Group
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Support Group operates as a premier consultancy and development house specializing in the Claris FileMaker ecosystem. By bridging the gap between intricate workflow challenges and scalable software solutions, the company enables organizations to achieve substantial gains in productivity and cost efficiency. Their service model is bifurcated into bespoke application development and specialized technical training, positioning them as a comprehensive partner for enterprises navigating digital transformation. Through a deep focus on custom app architecture, Support Group addresses the specific pain points of businesses that require more agility than off-the-shelf software can provide, effectively cementing their status as a trusted leader in the custom development sector.

How much funding has Support Group raised?

Support Group has raised a total of $397K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$247K

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

Debt (2021): $247K led by PPP

Key Investors in Support Group

PPP

Public-Private Partnership

What's next for Support Group?

With the recent infusion of capital, Support Group is well-positioned to scale its consulting operations and expand its footprint in the enterprise software market. The strategic focus will likely shift toward enhancing their proprietary development frameworks and broadening their training curriculum to meet the rising demand for low-code and custom application expertise. As the company moves into this next phase of maturity, the emphasis will remain on leveraging their deep technical domain knowledge to drive long-term value for clients, while simultaneously optimizing internal processes to maintain their competitive edge in the rapidly evolving landscape of business process automation.

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Frequently Asked Questions Regarding Support Group Financial Insights

What are the most recent funding rounds that Support Group has completed, and what were the funding rounds?
Support Group has recently completed 2 funding rounds: Debt on Feb 26, 2021, Debt on Apr 28, 2020.
What is the total amount of funding Support Group has raised to date?
Support Group has raised a total of $397K in funding to date.
How many funding rounds has Support Group completed?
Support Group has completed 2 funding rounds.
How much funding did Support Group raise in its most recent funding round?
Support Group raised $247K in its most recent funding round.
Who are the lead investors in Support Group's latest funding round?
The lead investor in Support Group'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 Support Group's history?
The largest funding round in Support Group's history was $247K.
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