How Much Did SourceTek Raise?
Funding & Key Investors

SourceTek has secured $471K in total capital, with its most recent funding round bringing in $321K in a major strategic investment. This significant backing underscores the company's established position in the IT services sector and its trajectory towards further expansion.

What is SourceTek?

SourceTek
Business ServicesSoftware TestingHuman Resources Management Systems (HRMS)

SourceTek, Inc. is a comprehensive IT services provider catering to Fortune 300 enterprises. The company specializes in delivering exceptional IT expertise and strategic project management, offering a diverse suite of services that include staff augmentation, field services, project management, and cabling & access control systems. With a foundation built on over 50 years of combined experience, SourceTek is dedicated to fostering enduring client partnerships by deeply understanding unique business requirements and providing precisely tailored staffing solutions to ensure project success and high-quality talent integration.

How much funding has SourceTek raised?

SourceTek has raised a total of $471K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$321K

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

Debt (2021): $321K led by PPP

Key Investors in SourceTek

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for SourceTek?

The substantial capital infusion, particularly the recent strategic investment, positions SourceTek for accelerated growth and enhanced service delivery. This financial backing is expected to fuel further development of its IT service offerings, potentially expanding its market reach and strengthening its capabilities in staff augmentation and project management. The company's focus on Fortune 300 clients suggests a strategy geared towards securing larger, more complex projects, leveraging its extensive experience to solidify its competitive advantage in the IT services landscape.

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Frequently Asked Questions Regarding SourceTek Financial Insights

What are the most recent funding rounds that SourceTek has completed, and what were the funding rounds?
SourceTek has recently completed 2 funding rounds: Debt on Jan 28, 2021, Debt on Apr 15, 2020.
What is the total amount of funding SourceTek has raised to date?
SourceTek has raised a total of $471K in funding to date.
How many funding rounds has SourceTek completed?
SourceTek has completed 2 funding rounds.
How much funding did SourceTek raise in its most recent funding round?
SourceTek raised $321K in its most recent funding round.
Who are the lead investors in SourceTek's latest funding round?
The lead investor in SourceTek'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 SourceTek's history?
The largest funding round in SourceTek's history was $321K.
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