Tech Company Financing Transactions
Sourcepass Funding Round
Sourcepass, based in Long Island City, secured $135 million from Metropolitan Partners.
Transaction Overview
Company Name
Announced On
5/2/2023
Transaction Type
Venture Equity
Amount
$135,000,000
Round
Undisclosed
Investors
Metropolitan Partners (Lead Investor)
Proceeds Purpose
This significant investment will be used to further advance their groundbreaking strategic initiatives. Among their top drives for 2023 is the launch of Quest, an innovative consumption platform powered by AI, designed as a total digital transformation for their clients. Additionally,
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
81 Larkfield Road East Northport
Long Island City, NY 11731
USA
Long Island City, NY 11731
USA
Phone
Undisclosed
Website
Email Address
Overview
Sourcepass was created to disrupt the stale IT services and security space. Businesses are often held back by lackluster technology vendors that leave them underserved and overcharged for IT services. An opportunity existed for innovation through leveraging Software-as-a-Service (SaaS) technologies such as Artificial Intelligence (AI) and Robotic Process Automation (RPA) married with premier managed services to provide a revolutionary client experience. As a result, Sourcepass was born with the vision to provide businesses of all sizes a technology experience that elevates their company.
Profile
Social Media
Company News
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Management Team
Title
Name
Email & Social
Chief Executive Officer
Matthew Brown
Chief Information Officer
Michael Ducsak
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