How Much Did Underground Computers Raise?
Funding & Key Investors

Underground Computers has secured $85K in total financing, with its most recent capital infusion amounting to $85K. This significant backing, described as substantial expansion capital, positions the company at a critical Series B/C stage of its growth trajectory. The company operates within the dynamic market of refurbished electronics distribution.

What is Underground Computers?

Underground Computers
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Founded in 1989, Underground Computers Inc. has carved a niche as a premier wholesale distributor of second-hand, off-lease, and refurbished technology, including laptops, tablets, servers, desktops, and computer parts. As one of the earliest participants in the computer recycling industry, the Michigan-based firm serves a global clientele. Their commitment to quality is underscored by a team of A+ certified technicians who ensure that refurbished computers from top brands like IBM, Dell, HP, Lenovo, and Apple meet stringent standards. This focus on reliable, pre-owned hardware addresses a growing demand for cost-effective and sustainable computing solutions.

How much funding has Underground Computers raised?

Underground Computers has raised a total of $85K across 1 funding round:

2021

Debt

$85K

Debt (2021): $85K with participation from PPP

What's next for Underground Computers?

The substantial expansion capital infusion signals a strategic move by Underground Computers to scale its operations and potentially broaden its market reach. At its Series B/C stage, the company is likely focused on enhancing its distribution network, investing in advanced refurbishment technologies, and expanding its inventory to meet increasing global demand for quality refurbished electronics. This financing will be instrumental in solidifying its position as a leader in the computer recycling and secondary market sectors, enabling further innovation and service enhancements.

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Frequently Asked Questions Regarding Underground Computers Financial Insights

What are the most recent funding rounds that Underground Computers has completed, and what were the funding rounds?
Underground Computers has recently completed 1 funding rounds: Debt on Jan 23, 2021.
What is the total amount of funding Underground Computers has raised to date?
Underground Computers has raised a total of $85K in funding to date.
How many funding rounds has Underground Computers completed?
Underground Computers has completed 1 funding rounds.
How much funding did Underground Computers raise in its most recent funding round?
Underground Computers raised $85K in its most recent funding round.
Who are the lead investors in Underground Computers's latest funding round?
The lead investor in Underground Computers'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 Underground Computers's history?
The largest funding round in Underground Computers's history was $85K.
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