TechGrid Raises $9.2M in Series A Funding


TechGrid (fka SecurEdge Networks), a Charlotte, NC-based company offering a business platform for technology service providers (TSPs), raised $9.2M in Series A funding.

The round was led by Bellini Capital.

The company intends to use the funds to evolve and scale the platform.

Led by Founder and CEO Philip Wegner, TechGrid is a software company building modern infrastructure for Tech Service Providers, including Managed Service Providers (MSPs) and Value-Added Resellers (VARs) by streamlining workflows for selling, fulfilling, and managing IT solutions delivered to businesses. Its flagship product is a business automation platform designed for tech service providers to build, sell, and fulfill IT solutions online and as-a-Service. It unifies CPQ, finance, fulfillment, partners, tools, and customer experience with simple-to-use workflows.

TechGrid’s business automation platform comprises three essential elements designed to assist Tech Service Providers in selling, fulfilling, managing, and financing technology solutions. These components encompass:

  • Marketplace – Partners are directly integrated into the process of the service provider. Like the Shopify App store, resellers can customize the solutions they offer, manage delivery, and turn on new services and applications to sell.
  • Workflow Software– TechGrid has a Configure, Price, Quote (CPQ) engine with embedded finance, making it easy to combine hardware and licensing, services, applications and internet access into a subscription model.
  • Commerce – The commerce platform centers around a digital catalog that stores products, services, apps and internet access for the service provider to build solutions and sell via traditional channels (quotes) or through online stores.