About SmartSource
SmartSource is a company based in Itasca (United States) founded in 1989 was acquired by Rentfusion in September 2015. It operates as a Managed Services, and Pay-per-Use / Usage-Based. SmartSource has completed 4 acquisitions, including Rentfusion, STR Rents and SmartSource. SmartSource offers products and services including Event Technology Solutions, IT Solutions, and Equipment Rentals.
- Headquarter Itasca, United States
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Smartsource®
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Rentfusion
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Rentfusion
& 3 more
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Acquired by
Rentfusion
(Sep 04, 2015)
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Products & Services of SmartSource
SmartSource offers a comprehensive portfolio of products and services, including Event Technology Solutions, IT Solutions, and Equipment Rentals. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Technology solutions for events are provided by SmartSource.
Managed IT services are offered for business needs.
Various tech equipment rentals are available for clients.
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Funding Insights of SmartSource
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2018 | Amount | Private Equity Round - SmartSource | Valuation | Brookside Mezzanine Partners |
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| Oct, 2018 | Amount | Private Equity Round - SmartSource | Valuation | Dubin Clark |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SmartSource
SmartSource has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Rentfusion, Brookside Capital Partners and Dubin Clark. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Flexible capital solutions are provided to lower middle-market companies.
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Founded Year | Domain | Location | |
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Private equity partnerships are formed to support business growth.
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Founded Year | Domain | Location | |
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Online rental platform for IT equipment
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SmartSource
SmartSource has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Rentfusion, STR Rents and SmartSource. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Printers, screens, desktops, and related products are supplied.
|
2010 | ||||
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Online rental platform for IT equipment
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1994 | ||||
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Managed IT and staffing services are provided to businesses.
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1984 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SmartSource
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Smartsource Comparisons
Competitors of SmartSource
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about SmartSource
When was SmartSource founded?
SmartSource was founded in 1989 and raised its 1st funding round 29 years after it was founded.
Where is SmartSource located?
SmartSource is headquartered in Itasca, United States. It is registered at Itasca, Illinois, United States.
Who is the current CEO of SmartSource?
Sonny Goyal is the current CEO of SmartSource.
What does SmartSource do?
SmartSource is established as a leading provider of event technology and IT solutions across the United States. Services are offered in AV and event production, digital signage, and exhibitor solutions. IT solutions are provided, including laptop rentals, cybersecurity, and infrastructure management. Various sectors such as entertainment, legal, education, and government are served with tailored technology setups. Equipment rentals for events and business needs are also made available, ensuring seamless project execution.
What products or services does SmartSource offer?
SmartSource offers Event Technology Solutions, IT Solutions, and Equipment Rentals.
How many acquisitions has SmartSource made?
SmartSource has made 4 acquisitions, including Rentfusion, STR Rents, and SmartSource.
Who are SmartSource's investors?
SmartSource has 3 investors. Key investors include Rentfusion, Brookside Capital Partners, and Dubin Clark.