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Nextep breadcrumbs-arrow Nextep Financial Insights

How Much Did Nextep Raise?
Funding & Key Investors

Nextep, a provider of HR services for small and medium-sized businesses, has secured $2M in total funding, with a recent strategic investment of $2M announced on April 5, 2020. This major enterprise-level funding underscores the company's established position in the market.

What is Nextep?

Nextep
OrganizationsMembership OrganizationsBusiness Services

Founded in 1997 and headquartered in Norman, Oklahoma, Nextep operates as an IRS-certified Professional Employer Organization (PEO). The company offers comprehensive human resources, benefits administration, risk management, compliance, and payroll expertise tailored for small and medium-sized businesses. Their services aim to streamline operations and ensure regulatory adherence for their clients.

How much funding has Nextep raised?

Nextep has raised a total of $2M across 1 funding round:

2020

Debt

$2M

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

Key Investors in Nextep

PPP

Public-Private Partnership

What's next for Nextep?

The recent major strategic investment signals a phase of significant growth and potential expansion for Nextep. This capital infusion is likely to be directed towards enhancing its service offerings, expanding its market reach, and further solidifying its role as a key player in the PEO industry. The company's focus on core HR functions positions it well to capitalize on the ongoing demand for outsourced HR solutions among SMBs.

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Frequently Asked Questions Regarding Nextep Financial Insights

What are the most recent funding rounds that Nextep has completed, and what were the funding rounds?
Nextep has recently completed 1 funding rounds: Debt on Apr 5, 2020. What is the total amount of funding Nextep has raised to date?
Nextep has raised a total of $2M in funding to date. How many funding rounds has Nextep completed?
Nextep has completed 1 funding rounds. How much funding did Nextep raise in its most recent funding round?
Nextep raised $2M in its most recent funding round. Who are the lead investors in Nextep's latest funding round?
The lead investor in Nextep'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 Nextep's history?
The largest funding round in Nextep's history was $2M.
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