# OnTech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ontech

- Industry: Food
- Headquarters: San Diego, US
- Website: www.ontech.com
- Total disclosed funding: $7.3M
- Latest round: Series B (Jun 6, 2008)
- Investors on record: 3

## About

OnTech is a technology-focused company specializing in IT support services and managed IT solutions, catering primarily to businesses in Wisconsin. The company emphasizes transparent billing and tailored solutions to enhance operational efficiency.Founded in 2003 in San Diego, US, OnTech provides IT support services to various industries. The company raised USD 4.30 mn in Series B funding in June 2008 from Frontier Venture Capital and Upfront Ventures. The founder's past ventures are not specified.OnTech Systems, Inc. specializes in IT support services and managed IT solutions, primarily targeting businesses in Wisconsin. The company's core product offerings include comprehensive IT support, proactive asset management, and specialized services for Microsoft 365. Through its advanced dashboards, OnTech enables transparent billing practices, thereby eliminating surprise expenses for clients. Their services are designed to address various technology needs across diverse industries, including healthcare, government, and professional services. Clients utilizing OnTech's services benefit from tailored solutions that enhance operational efficiency and security. The geographical market primarily includes businesses throughout Wisconsin, with a strong emphasis on serving local organizations in need of reliable and innovative IT support.OnTech Systems generates revenue through a subscription-based model, where clients engage in long-term partnerships for managed IT services. This structure facilitates ongoing support and maintenance, allowing businesses to budget effectively for their technology needs. Typical transactions involve service agreements that encompass a range of IT solutions, including network support, server management, and project planning tailored to individual client requirements. The company’s approach to pricing includes customizable packages based on the specific needs of clients, ensuring affordability for businesses of all sizes. OnTech's commitment to customer satisfaction is reflected in its 98% client retention rate, highlighting the value delivered through its services.OnTech plans to leverage the recent Series B funding of USD 4.30 mn, raised in June 2008, to expand its service offerings and enhance its IT solutions. The company is focusing on launching new products that cater to evolving technological needs. Additionally, OnTech aims to penetrate new markets beyond Wisconsin by targeting businesses in neighboring states by the end of 2009, facilitating growth through its tailored IT services.

## Funding rounds

- Series B, Jun 6, 2008, $4.3M — Upfront, Frontier Venture Capital
- Series A, Dec 18, 2003, $3M — Draper Fisher Jurvetson, Frontier Venture Capital

## Investors

- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series A
- Frontier Venture Capital (https://capitalatlas.ai/funds/frontier-venture-capital) — Series A, Series B
- Upfront (https://capitalatlas.ai/funds/upfront) — Series B