Tilson Technology Management, Inc., a Portland, ME-based IT professional services and network deployment company, raised $5m in Series D financing.
Rand Capital Corporation (NASDAQ: RAND), a venture capital company which invests in growth businesses with unique product, service or technology concepts, provided a follow-on $1.5m equity and debt funding.
The company intends to use the funds to continue to grow the business.
Founded in 1996 and led by CEO Josh Broder, Tilson is an information technology professional services and network construction company that primarily operates in two fast growing markets: 1) network deployment for cellular carriers, utilities, and governments; and 2) consulting for construction IT, broadband and energy, and government institutional markets.
50% of the company’s employees are U.S. veterans.