Sourcepass - About the company
Sourcepass is a series C company based in New York City (United States), founded in 2021 by Bruce Simms. It operates as a Provider of IT services. Sourcepass has raised $135M in funding from Metropolitan Partners Group and Wedge Venture Partners. The company has 141040 active competitors, including 985 funded and 7777 that have exited. Its top competitors include companies like IBM, UST and Infosys.
Company Details
- Website
- www.sourcepass.com/
Key Metrics
Founded Year
2021
Location
New York City, United States
Stage
Series C
Total Funding
$135M in 3 rounds
Latest Funding Round
Investors
Ranked
340th among 141040 active competitors
Employee Count
335 as on Sep 30, 2026
Investment & Acquisitions
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Sourcepass's funding and investors
Sourcepass has raised a total funding of $135M over 3 rounds. Its first funding round was on Mar 05, 2022. Its latest funding round was a Series C round on May 04, 2023 for $*****. 1 investor participated in its latest round. Sourcepass has 2 institutional investors.
Here is the list of recent funding rounds of Sourcepass:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 04, 2023 | 6919394 | Series C | 7065977 | 9385729 | 7834836 | 4796576 |
Mar 05, 2022 | 3043877 | Series C | 7867593 | 8949190 | 8362570 | 4411078 |
Mar 05, 2022 | 7157924 | Conventional Debt | 8643063 | 7320378 | 2490816 |
View details of Sourcepass's funding rounds and investors
Sourcepass' founders and board of directors
Founder? Claim ProfileThe founders of Sourcepass is Bruce Simms.
Here are the details of Sourcepass' key team members:
- Bruce Simms: Co-Founder of Sourcepass. Contact Info: 1 email address
View details of Sourcepass's Founder profiles and Board Members
Sourcepass' employee count trend
Sourcepass has 335 employees as of Sep 26. Here is Sourcepass's employee count trend over the years:
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Sourcepass's Competitors and alternates
Top competitors of Sourcepass include IBM, UST and Infosys. Here is the list of Top 10 competitors of Sourcepass, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | IBM 1911, Armonk (United States), Public | Provider of hybrid cloud, artificial intelligence, and IT consulting services | - | 77/100 | |
2nd | UST 1999, Aliso Viejo (United States), Late Stage | Provider of data analytics, cloud modernization, management strategy, and digital transformation services | $250M | 76/100 | |
3rd | Provider of consulting, data analytics, and IT services | - | 75/100 | ||
4th | Virtusa 1996, Westborough (United States), Acquired | IT services company | $45.2M | 74/100 | |
5th | Hewlett Packard Enterprise 2015, Houston (United States), Public | Provider of edge-to-cloud solutions, products, and services for enterprise organizations | - | 74/100 | |
6th | Happiest Minds Technologies 2011, Bengaluru (India), Public | Provider of IT suite services | $64.8M | 73/100 | |
7th | Datamatics 1975, Mumbai (India), Public | Provider of digital technologies, business process management, analytics, and automation services | $3M | 73/100 | |
8th | Consulting and implementations company | $23.9M | 73/100 | ||
9th | Sutherland 1986, Pittsford (United States), Late Stage | Provider of business process and technology management services | $60M | 73/100 | |
10th | Provider of IT consulting, technology, and outsourcing services | - | 73/100 | ||
340th | Sourcepass 2021, New York City (United States), Series C | Provider of IT services | $135M | 48/100 |
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Sourcepass's Investments and acquisitions
Sourcepass has not made any investments yet. Sourcepass has made 11 acquisitions.Here is the list of latest three $acquisitions:
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Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Feb 29, 2024 | Acquisition | 2012 | Rocklin (United States) | |
May 31, 2023 | Acquisition | 2001 | Englewood (United States) | |
May 08, 2023 | Acquisition | 1999 | Midlothian (United States) |
See all acquisitions by Sourcepass
Reports related to Sourcepass
Here is the latest report on Sourcepass's sector:
News related to Sourcepass
Media has covered Sourcepass for 1 event in last 1 year, It was about partnerships.
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Sourcepass and Liberty Technology increase investment in Georgia to improve client experiencePR Newswire•Dec 03, 2025•Sourcepass, Liberty Technology
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Sourcepass Launches Center of Excellence for Microsoft ProductsPR Newswire•Apr 23, 2025•Sourcepass, Big Green IT
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Sourcepass Appoints Wade Walker As Vice President, Microsoft Alliance Redefining Excellence In The Microsoft EcosystemPR Newswire•Feb 26, 2025•Sourcepass
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Sourcepass is named in the prestigious CRN's Managed Service Provider (MSP) 500 list for 2025, in the Elite 150 categoryPR Newswire•Feb 11, 2025•Sourcepass
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Sourcepass Acquires Cloud Security, Automation Company machineLogicChannelE2E•Jun 01, 2023•Sourcepass, machineLOGIC
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Sourcepass Raises Additional $65M in FundingFinSMEs•May 03, 2023•Sourcepass, Metropolitan Partners Group, Proxios
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Sourcepass Acquires Bridgepointe Technologies Supplier NetworkChannelE2E•Mar 02, 2023•Sourcepass, Bridgepointe Technologies
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Sourcepass and Founder Shield announce strategic alliancePR Newswire•Jan 11, 2023•Founder Shield, Sourcepass
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