How Much Did Abacus Service Raise?
Funding & Key Investors

Abacus Service has secured $4M in total capital, with its most recent financing round bringing in $2M in a major strategic investment. This latest infusion of capital underscores the company's significant growth trajectory and its position within the enterprise-level funding landscape.

What is Abacus Service?

Abacus Service
Business ServicesHuman Resources Management Systems (HRMS)

Abacus Service Corporation is a specialized staffing agency headquartered in Southfield, MI, offering global staffing services, IT solutions, and comprehensive workforce solutions. The company assists businesses in scaling their teams and achieving hiring objectives across diverse industries, including IT, Healthcare, Finance, Engineering, and Government. As a certified Minority Business Enterprise and Woman Business Enterprise, Abacus Service is dedicated to fostering diversity and inclusion within its hiring practices. Their service portfolio encompasses contract, contract-to-hire, direct placement, and managed services, all customized to meet specific client requirements.

How much funding has Abacus Service raised?

Abacus Service has raised a total of $4M across 2 funding rounds:

2020

Debt

$2M

2021

Debt

$2M

Debt (2020): $2M with participation from PPP

Debt (2021): $2M led by PPP

What's next for Abacus Service?

The recent major strategic investment signals a pivotal moment for Abacus Service, likely enabling expansion into new markets, enhancement of technological capabilities, or further diversification of its service offerings. This enterprise-level funding suggests a focus on scaling operations and solidifying its competitive advantage in the global staffing and IT solutions sector. Future developments may include strategic partnerships or acquisitions to accelerate growth and broaden its industry reach.

See full Abacus Service company page
See More Financial Insights
No matching results.
Refine your search.

Additional financial insights in the Business Services industry

Business ServicesSoftware TestingBusiness Intelligence (BI) SoftwareSoftwareResearch & Development
Business ServicesSoftware TestingProject Management
Business ServicesSoftware TestingAdvertising NetworksProject ManagementHuman Resources Management Systems (HRMS)
Business ServicesCommercial Printing

Frequently Asked Questions Regarding Abacus Service Financial Insights

What are the most recent funding rounds that Abacus Service has completed, and what were the funding rounds?
Abacus Service has recently completed 2 funding rounds: Debt on Jan 27, 2021, Debt on Apr 13, 2020.
What is the total amount of funding Abacus Service has raised to date?
Abacus Service has raised a total of $4M in funding to date.
How many funding rounds has Abacus Service completed?
Abacus Service has completed 2 funding rounds.
How much funding did Abacus Service raise in its most recent funding round?
Abacus Service raised $2M in its most recent funding round.
Who are the lead investors in Abacus Service's latest funding round?
The lead investor in Abacus Service'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 Abacus Service's history?
The largest funding round in Abacus Service's history was $2M.
See more information about Abacus Service