About ResourceX
ResourceX is a company based in Denver (United States) founded in 2015 by Chris Fabian was acquired by Tyler Tech in October 2023.. ResourceX has raised $2.35 million across 3 funding rounds from investors including Tyler Technologies and Innosphere Ventures. The company has 11 employees as of December 31, 2021. ResourceX offers products and services including Priority-Based Budgeting Platform, PBB Director, and Budget Development. ResourceX operates in a competitive market with competitors including ClearGov, Decision Lens, Munetrix, Gove and Questica, among others.
- Headquarter Denver, United States
- Employees 11 as on 31 Dec, 2021
- Founders Chris Fabian
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Sectors
Government & Social SectorTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Resource Exploration, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.35 M (USD)
in 3 rounds
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Latest Funding Round
$500 K (USD), Seed
Jun 02, 2023
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Investors
Tyler Technologies
& 1 more
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Employee Count
11
as on Dec 31, 2021
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Acquired by
Tyler Tech
(Oct 31, 2023)
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Products & Services of ResourceX
ResourceX offers a comprehensive portfolio of products and services, including Priority-Based Budgeting Platform, PBB Director, and Budget Development. 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.
AI-powered tool for aligning government resources with priorities
Expert-led customization for tailored budgeting solutions
Features for program outcome alignment and resource optimization
Unlock access to complete
Leadership Team
2 people
Senior Team
1 people
Customer Team
1 people
Sales and Marketing
1 people
Unlock access to complete
Funding Insights of ResourceX
ResourceX has successfully raised a total of $2.35M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $500 thousand completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $500,000
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First Round
First Round
(11 Nov 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Seed - ResourceX | Valuation |
investors |
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| Jan, 2023 | Amount | Seed - ResourceX | Valuation |
investors |
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| Nov, 2021 | Amount | Seed - ResourceX | Valuation | Innosphere Ventures |
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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 ResourceX
ResourceX has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Tyler Technologies and Innosphere Ventures. 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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Early-stage investments are made in innovative companies by Innosphere Ventures.
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Founded Year | Domain | Location | |
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Cloud-based solutions are provided for government organizations' operations.
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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 ResourceX
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ResourceX
| 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 |
Resourcex Comparisons
Competitors of ResourceX
ResourceX operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ClearGov, Decision Lens, Munetrix, Gove and Questica, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based budget and performance management software is provided.
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| domain | founded_year | HQ Location |
Decision-making software is provided for government organizations' portfolio prioritization.
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| domain | founded_year | HQ Location |
Web-based financial tools for municipal and school forecasting are offered.
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| domain | founded_year | HQ Location |
A cloud-based platform is utilized for municipal management tasks.
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| domain | founded_year | HQ Location |
Budgeting solutions are offered for public sector entities.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Resourcex
Frequently Asked Questions about ResourceX
When was ResourceX founded?
ResourceX was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Where is ResourceX located?
ResourceX is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
Is ResourceX a funded company?
ResourceX is a funded company, having raised a total of $2.35M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Nov 11, 2021.
How many employees does ResourceX have?
As of Dec 31, 2021, the latest employee count at ResourceX is 11.
What does ResourceX do?
Cloud-based platform for financial planning and budgeting. It provides data analysis and data application tools for the government to program budgeting, open-source data publishing, budget performance metrics, budget analyzer, etc.
Who are the top competitors of ResourceX?
ResourceX's top competitors include Munetrix, ClearGov and Decision Lens.
What products or services does ResourceX offer?
ResourceX offers Priority-Based Budgeting Platform, PBB Director, and Budget Development.
Who are ResourceX's investors?
ResourceX has 2 investors. Key investors include Tyler Technologies, and Innosphere Ventures.