About Strongroom Solutions
Strongroom Solutions is a company based in Houston (United States) founded in 2007 was acquired by AvidXchange in May 2015.. Strongroom Solutions has raised $1.1 million across 2 funding rounds from investors including AvidXchange. Strongroom Solutions operates in a competitive market with competitors including Razorpay, Bill.com, Konfío, Zaggle and AvidXchange, among others.
- Headquarter Houston, 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
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- Legal Name Strongroom Solutions, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.1 M (USD)
in 2 rounds
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Latest Funding Round
$625.44 K (USD), Seed
Jul 24, 2013
- Investors
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Employee Count
Employee Count
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Acquired by
AvidXchange
(May 19, 2015)
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Funding Insights of Strongroom Solutions
Strongroom Solutions has successfully raised a total of $1.1M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $625.44 thousand completed in July 2013. 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 2
- Last Round Seed — $625,439
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First Round
First Round
(24 Oct 2011)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2013 | Amount | Seed - Strongroom Solutions | Valuation |
investors |
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| Oct, 2011 | Amount | Seed - Strongroom Solutions | 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 Strongroom Solutions
Strongroom Solutions has secured backing from 1 investor. Prominent investors backing the company include AvidXchange. 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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Accounts payable and payment automation solutions are offered for businesses.
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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 Strongroom Solutions
| 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 - Strongroom Solutions
| 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 |
Strongroom Solutions Comparisons
Competitors of Strongroom Solutions
Strongroom Solutions 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 Razorpay, Bill.com, Konfío, Zaggle and AvidXchange, 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 |
Payment and business banking solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based accounts payable and receivable software for businesses
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| domain | founded_year | HQ Location |
Financial solutions platform provider
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| domain | founded_year | HQ Location |
Business spends, payments, and rewards are streamlined by automated workflows.
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| domain | founded_year | HQ Location |
Accounts payable and payment automation solutions are offered for businesses.
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| domain | founded_year | HQ Location |
Cloud-based purchase approval management software is provided for businesses.
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| 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 Strongroom Solutions
When was Strongroom Solutions founded?
Strongroom Solutions was founded in 2007 and raised its 1st funding round 4 years after it was founded.
Where is Strongroom Solutions located?
Strongroom Solutions is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Is Strongroom Solutions a funded company?
Strongroom Solutions is a funded company, having raised a total of $1.1M across 2 funding rounds to date. The company's 1st funding round was a Seed of $475K, raised on Oct 24, 2011.
What does Strongroom Solutions do?
Strongroom Solutions is a provider of a cloud-based Accounts Payable (AP) software solutions for SMBs. It mainly caters to the Home Owner Association (HOA). The companys flagship offering is the Strongroom Payables Lockbox, which allows businesses to digitize AP invoices and provides a centralized location for all of a business AP. It also automates the invoice approval workflow and provides a secure, SOC-1 certified solution. The solution also integrates with a business core accounting systems to import accounting data. Strongroom also offers integrated AP solutions to banks and financial institutions to provide their customers. This solution enables banks to provide AP solutions along with their traditional AR lockbox and payment systems. This is provided as a white-label solution to banks. The companys products are delivered through financial institutions. They primarily cater to the Home Owner Association industry. Strongroom Solutions was acquired by AvidXchange in June 2015.
Who are the top competitors of Strongroom Solutions?
Who are Strongroom Solutions's investors?
Strongroom Solutions has 1 investor. Key investors include AvidXchange.
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