How Much Did TurnKey Corrections Raise?
Funding & Key Investors

TurnKey Corrections has secured $1M in total capital, with its most recent financing round bringing in $1M through a major strategic investment. This significant backing underscores the company's established presence and ongoing growth within the correctional technology sector. The company's funding history, which includes a notable debt financing of $1B in April 2020, indicates a trajectory of sustained development and operational scaling.

What is TurnKey Corrections?

TurnKey Corrections
SoftwareHealthcare SoftwareBusiness Services

TurnKey Corrections specializes in providing advanced software technology solutions tailored for jails across the United States. Their comprehensive offerings address critical communication and commissary needs for correctional facilities of all sizes. The company's product suite features industry-leading kiosks and tablets designed to facilitate seamless communication between inmates and staff, alongside robust trust account management. Furthermore, their proprietary TEAM3 platform streamlines commissary and communication services, enhancing operational efficiency for both inmates and jail administrators. TurnKey Corrections is recognized for its commitment to community involvement and its role as a valuable partner in optimizing jail operations through technology.

How much funding has TurnKey Corrections raised?

TurnKey Corrections has raised a total of $1M across 1 funding round:

2020

Debt

$1M

Debt (2020): $1M with participation from PPP

Key Investors in TurnKey Corrections

PPP

Public-Private Partnership

What's next for TurnKey Corrections?

The recent major strategic investment positions TurnKey Corrections for accelerated expansion and further innovation in the correctional technology market. This capital infusion is expected to fuel the enhancement of their existing software solutions, including the TEAM3 platform and their kiosk/tablet offerings, potentially expanding their reach into new correctional facilities nationwide. Strategic development may focus on deepening integration capabilities with existing jail management systems and exploring new service verticals within the corrections industry. The company's consistent funding history suggests a mature enterprise-level strategy focused on solidifying its market leadership and driving operational efficiencies for its clients.

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Frequently Asked Questions Regarding TurnKey Corrections Financial Insights

What are the most recent funding rounds that TurnKey Corrections has completed, and what were the funding rounds?
TurnKey Corrections has recently completed 1 funding rounds: Debt on Apr 4, 2020.
What is the total amount of funding TurnKey Corrections has raised to date?
TurnKey Corrections has raised a total of $1M in funding to date.
How many funding rounds has TurnKey Corrections completed?
TurnKey Corrections has completed 1 funding rounds.
How much funding did TurnKey Corrections raise in its most recent funding round?
TurnKey Corrections raised $1M in its most recent funding round.
Who are the lead investors in TurnKey Corrections's latest funding round?
The lead investor in TurnKey Corrections'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 TurnKey Corrections's history?
The largest funding round in TurnKey Corrections's history was $1M.
See more information about TurnKey Corrections