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
Locked
- Legal Name Strongroom Solutions, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
Investors in Strongroom Solutions
Strongroom Solutions has secured backing from 1 investor. Prominent investors backing the company include AvidXchange.
| Investor | Description | Founded Year | Domain | Location |
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Accounts payable and payment automation solutions are offered for businesses.
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Investor details for Strongroom Solutions
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Investments & Acquisitions by Strongroom Solutions
Investment portfolio details for Strongroom Solutions
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Financial Statements - Strongroom Solutions
Detailed financials for Strongroom Solutions
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Strongroom Solutions Comparisons
Peer comparison for Strongroom Solutions
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Payment and business banking solutions are provided for enterprises.
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Cloud-based accounts payable and receivable software for businesses
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Financial solutions platform provider
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Business spends, payments, and rewards are streamlined by automated workflows.
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Accounts payable and payment automation solutions are offered for businesses.
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Cloud-based purchase approval management software is provided for businesses.
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Detailed competitors of Strongroom Solutions
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Verified entity values are shown only after access is granted.
Latest news on Strongroom Solutions
Complete news archive for Strongroom Solutions
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Frequently Asked Questions about Strongroom Solutions
Strongroom Solutions was founded in 2007 and raised its 1st funding round 4 years after it was founded.
Strongroom Solutions is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Strongroom Solutions is a funded company, having raised a total of $1.1M across 2 funding rounds to date.
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.
Strongroom Solutions has 1 investor. Key investors include AvidXchange.