# TechGrid

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

- Industry: IT Infrastructure
- Headquarters: Charlotte, US
- Website: www.techgrid.com
- Total disclosed funding: $1M
- Latest round: Series A (Dec 20, 2023)
- Investors on record: 1

## About

TechGrid, based in the US, specializes in optimizing the quote-to-cash workflow for Managed Service Providers (MSPs), enhancing operational efficiency through integrated software solutions.Founded in 2006 and headquartered in Charlotte, US, TechGrid develops a platform that streamlines sales and fulfillment processes for MSPs. The company was established by Philip Wegner, who has a background in technology entrepreneurship. TechGrid secured USD 1.00 mn in Series A funding on December 20, 2023, led by Bellini Capital, bringing the total amount raised to USD 1.00 mn and valuing the company at USD 32.249 mn.TechGrid offers a comprehensive platform designed to streamline the quote-to-cash workflow specifically for Managed Service Providers (MSPs). Their core product facilitates the digitization of sales and fulfillment processes, integrating applications such as Customer Relationship Management (CRM), Professional Services Automation (PSA), and accounting software, along with connections to distributors like Ingram Micro and TD Synnex. Through features such as smart bundles, live digital catalogs, and proposal automation, TechGrid addresses common pain points faced by MSPs, including siloed data, manual data entry, and inefficient cash flow management. The platform is tailored for MSPs seeking to enhance operational efficiency, improve customer experiences, and eliminate manual workflows. TechGrid’s solutions are marketed primarily in North America and Europe, targeting a diverse client base that includes technology service providers of various sizes aiming to modernize their business systems.TechGrid operates on a subscription-based revenue model, offering various pricing plans tailored to different business needs. The company's offerings include starter plans for smaller organizations, as well as Pro and Enterprise plans that provide additional support and training services. These plans allow clients to leverage TechGrid's platform for automating procurement and simplifying delivery processes. With a focus on B2B transactions, TechGrid's clients consist of MSPs looking to enhance their quoting capabilities and streamline administrative tasks. The pricing structure is designed to be flexible, accommodating the varying scales and requirements of TechGrid’s clientele, and ensuring that organizations can customize their service bundles while benefiting from a seamless integration experience.With the recent Series A funding of USD 1.00 mn raised on December 20, 2023, TechGrid plans to utilize these resources to enhance and expand its platform. The company aims to launch new products aimed at improving the efficiency of MSPs and is exploring expansion into additional markets in Europe and beyond by 2025.

## Funding rounds

- Series A, Dec 20, 2023, $1M — Bellini Capital

## Investors

- Bellini Capital (https://capitalatlas.ai/funds/bellini-capital) — Series A