Liongard Raises $10M to Expand Growth Among Managed Service Providers
HOUSTON–(BUSINESS WIRE)–Liongard today announced a $10 million funding investment to expand growth and set the company on a stronger path to profitability. Liongard is a software-as-a-service platform that unlocks the intelligence hidden deep within IT systems to give MSPs an operational advantage that delivers both higher profits and an exceptional customer experience.
The additional investment comes from Updata Partners and TDF Ventures, with additional participation from early-stage investors, who have increased their existing investments in Liongard to support the company’s vision to provide unified visibility into key operations at Managed Service Providers (MSPs).
“Since working with our first MSP partners, we’ve seen time and again the power of visibility into IT data, reducing the time they spend researching customer issues and allowing them to respond faster than their peers,” said Joe Alapat, CEO and co-founder of Liongard. “This investment enables us to continue to achieve our vision of delivering visibility into each element of the IT stack.”
“We are excited to deepen our commitment with Liongard,” said Carter Griffin, General Partner at Updata. “With its leading data platform for MSPs we expect continued fast-paced growth.”
Today, Liongard works with nearly 2,000 partners in support of more than 60,000 end customers. The company has won numerous awards for its culture and platform including Inc. Best Workplaces 2022, ChannelPro’s SMB Forum 2021 Best Software Solution and the Houston Business Journal’s fastest growing company in 2020 and 2021.
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