CHARLOTTE — Source Technologies, a provider of thermal barcode and magnetic ink character recognition (MICR) printing solutions for warehousing and distribution, finance, healthcare, transportation and logistics, and retail markets, has raised $2.25 million in equity.
Thirteen investors contributed to the round, according to a recent securities filing.
It does not indicate how the company plans to use the proceeds.
Founded in 1986, the Charlotte-based firm offers thermal print solutions, such as mid-range and mobile thermal printers; and laser printing solutions for printing packing slips, shipping labels, invoices, and order forms. The company also provides thermal printer consumables, MICR printing, printing software, and MICR toners and resources, according to Crunchbase.
In addition, it offers Software as a Service for Secure Print, a cloud-based secure document printing software solution that provides Internet-based access to secure print software. Source Technologies also serves banking, corrections, general office, government, hospitality, and telecom and utilities markets.
“Source Technologies serves thousands of customers, including top US banks, Fortune 100 companies, and small to midsize businesses,” the company says on its website.
The company has additional offices in the United States, the United Kingdom, and Singapore.
