About Source Tech
Source Tech is a company based in Charlotte (United States) founded in 1986 was acquired by StoneCalibre in June 2013.. Source Tech has raised $64.27 million across 3 funding rounds from investors including StoneCalibre. Source Tech offers products and services including MICR Printers, MICR Toner, Self-Service Kiosks, and Check Printing Software. Source Tech operates in a competitive market with competitors including Intersection, Soofa, WattIQ, ImageHolders and LQD WiFi, among others.
- Headquarter Charlotte, United States
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Sectors
Technology
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$64.27 M (USD)
in 3 rounds
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Latest Funding Round
$2.25 M (USD), Series C
Feb 18, 2020
- Investors
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Employee Count
Employee Count
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Acquired by
StoneCalibre
(Jun 10, 2013)
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Products & Services of Source Tech
Source Tech offers a comprehensive portfolio of products and services, including MICR Printers, MICR Toner, Self-Service Kiosks, and Check Printing Software. 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.
Secure printers for on-demand check printing to prevent fraud.
High-quality toner for secure MICR document production.
Kiosks that process financial transactions efficiently.
Software for automating accounts payable and payroll checks.
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Funding Insights of Source Tech
Source Tech has successfully raised a total of $64.27M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $2.25 million completed in February 2020. 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 Series C — $2.2M
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First Round
First Round
(01 Jun 2003)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Series C - Source Tech | Valuation |
investors |
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| Jun, 2009 | Amount | Series C - Source Tech | Valuation |
investors |
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| Jun, 2003 | Amount | Series C - Source Tech | Valuation |
investors |
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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 Source Tech
Source Tech has secured backing from 1 investor. Prominent investors backing the company include StoneCalibre. 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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StoneCalibre is recognized as an international private investment firm.
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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 Source Tech
| 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 - Source Tech
| 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 |
Source Tech Comparisons
Competitors of Source Tech
Source Tech 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 Intersection, Soofa, WattIQ, ImageHolders and LQD WiFi, 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 |
Intersection is engaged in out-of-home advertising and public space communications.
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| domain | founded_year | HQ Location |
Advertising agency services are provided digitally by Soofa.
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| domain | founded_year | HQ Location |
Provider of asset management solutions
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| domain | founded_year | HQ Location |
Tablet enclosures and iPad kiosks are custom designed and manufactured.
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| domain | founded_year | HQ Location |
Urban smart hubs are developed for public spaces in cities.
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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 Source Tech
Frequently Asked Questions about Source Tech
When was Source Tech founded?
Source Tech was founded in 1986 and raised its 1st funding round 17 years after it was founded.
Where is Source Tech located?
Source Tech is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
Is Source Tech a funded company?
Source Tech is a funded company, having raised a total of $64.27M across 3 funding rounds to date. The company's 1st funding round was a Series C of $42.02M, raised on Jun 01, 2003.
What does Source Tech do?
Source Technologies, LLC is a provider of thermal bar code and magnetic ink character recognition (MICR) printing solutions for warehousing and distribution, finance, healthcare, transportation and logistics, and retail markets. Its products include mid-range and mobile thermal printers and its consumables like toners and cartridges. It also provides laser printing solutions for printing packing slips, shipping labels, invoices and order forms. It is also the manufacturer of BillPay kiosks. As a Software offering, the flagship product is nbsp;RiskPartner, a Know Your Customer- compliant nbsp;software solution.The firm operates out of thenbsp;United States, the United Kingdom, and Singapore.
Who are the top competitors of Source Tech?
Source Tech's top competitors include Intersection, Soofa and WattIQ.
What products or services does Source Tech offer?
Source Tech offers MICR Printers, MICR Toner, Self-Service Kiosks, and Check Printing Software.
Who are Source Tech's investors?
Source Tech has 1 investor. Key investors include StoneCalibre.
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