About Tech24
Tech24 is a company based in Greenville (United States) founded in 1982. It operates as a Managed Services. Tech24 has raised $4.5 million across 5 funding rounds from investors including LNC Partners and Vestar Capital Partners. Tech24 has completed 16 acquisitions, including 1st Source Restaurant Services, AIS Commercial Parts and Service and Allied Service Group. Tech24 offers products and services including Cooking Equipment Repair, Refrigeration Equipment Repair, Beverage Equipment Repair, and HVAC Equipment Repair.
- Headquarter Greenville, United States
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Sectors
Aerospace, Defense & Maritime
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Tech24
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.5 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
LNC Partners
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
1st Source Restaurant Services
& 15 more
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Products & Services of Tech24
Tech24 offers a comprehensive portfolio of products and services, including Cooking Equipment Repair, Refrigeration Equipment Repair, Beverage Equipment Repair, and HVAC Equipment Repair. 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.
Cooking equipment is repaired by expert technicians nationwide.
Refrigeration systems are fixed by trained professionals efficiently.
Beverage equipment is serviced by skilled technicians promptly.
HVAC systems are maintained by certified experts reliably.
Funding Insights of Tech24
Tech24 has successfully raised a total of $4.5M across 5 strategic funding rounds. 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 5
- Last Round Last Round
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First Round
First Round
(22 Oct 2012)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Unspecified - Tech24 | Valuation | Vestar Capital Partners |
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| Oct, 2015 | Amount | Unspecified - Tech24 | Valuation |
investors |
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| Jul, 2014 | Amount | Unspecified - Tech24 | Valuation |
investors |
| 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 Tech24
Tech24 has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include LNC Partners and Vestar Capital Partners. 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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A leading private equity firm focused on value creation.
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Founded Year | Domain | Location | |
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PE firm investing in the US
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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 Tech24
Tech24 has strategically engaged in corporate development activities, having acquired 16 companies. Notable acquisitions include 1st Source Restaurant Services, AIS Commercial Parts and Service and Allied Service Group. 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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Maintenance and renovation services for industrial equipment are provided.
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2013 | ||||
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Restaurant equipment maintenance, repair, and installation services are provided.
|
2008 | ||||
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Multiple food equipment types are manufactured by AIS.
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2005 |
| 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
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Tech24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tech24 Comparisons
Competitors of Tech24
| 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 Tech24
When was Tech24 founded?
Tech24 was founded in 1982 and raised its 1st funding round 30 years after it was founded.
Where is Tech24 located?
Tech24 is headquartered in Greenville, United States.
Is Tech24 a funded company?
Tech24 is a funded company, having raised a total of $4.5M across 5 funding rounds to date.
What does Tech24 do?
Tech24 is involved in providing repair and maintenance services for commercial foodservice equipment across the United States. Operations are focused on various sectors including restaurants, convenience stores, grocery stores, retailers, corporate facilities, government facilities, schools, and entertainment venues. Solutions offered include cooking equipment repair, refrigeration repair, beverage equipment repair, HVAC repair, electrical repair, and plumbing repair. Services are extended to equipment installation, planned maintenance, and special projects, ensuring comprehensive support in major metropolitan markets from coast to coast.
What products or services does Tech24 offer?
Tech24 offers Cooking Equipment Repair, Refrigeration Equipment Repair, Beverage Equipment Repair, and HVAC Equipment Repair.
How many acquisitions has Tech24 made?
Tech24 has made 16 acquisitions, including 1st Source Restaurant Services, AIS Commercial Parts and Service, and Allied Service Group.
Who are Tech24's investors?
Tech24 has 2 investors. Key investors include LNC Partners, and Vestar Capital Partners.