Marco is a technology company.
Marco has raised $18.1M across 4 funding rounds.
Key people at Marco.
Marco has raised $18.1M in total across 4 funding rounds.
Marco Technologies is a leading U.S.-based technology services company specializing in business IT services, cloud and managed services, telecom carrier services, copiers/printers, phone systems, document management, and audio/video systems.[1][2][3][4] Headquartered in St. Cloud, Minnesota, with over 1,100 employees across 15 states, Marco serves more than 32,000 customers nationwide, generating approximately $268 million in annual revenue as of 2024.[1][2][3][4] The company emphasizes comprehensive support from planning and installation to ongoing managed services, earning high employee satisfaction with 89% rating it a great place to work compared to 57% at typical U.S. firms.[1]
Marco positions itself as a one-stop provider for modern business technology needs, including IT security, voice solutions, print management, and Microsoft optimization, helping organizations streamline operations and reduce costs like telecom overcharges.[4][5]
Marco was founded in 1973 in St. Cloud, Minnesota, by Gary Marsden and Dave Marquardt (origin of the "Mar" in Marco) as a simple typewriter and office supply shop.[2][3][4] The company evolved significantly: by 1987, it consolidated offices and grew to 83 employees; in 1997, it repositioned as a full technology provider; and by 2008, it launched managed print and IT services.[4] Key milestones include a 2012 move to a larger headquarters with 431 employees across five states, Doug Albregts becoming CEO in 2021 amid expansion to 12 states and over 1,200 employees, and celebrating its 50th anniversary in 2023 with offices in 15 states.[4] Today, led by Chairman Jeff Gau, Marco has transformed into a national player with over 650 certified engineers.[1][2][4]
Marco rides the trend of businesses seeking integrated, managed technology stacks amid rising cloud adoption, cybersecurity threats, and hybrid work demands, providing essential infrastructure for Midwest and national SMBs and enterprises.[1][2][4][5] Its timing aligns with post-pandemic shifts to remote/hybrid operations, where reliable IT, telecom, and print management prevent downtime and cut hidden costs like carrier overbilling.[5] Market forces favoring Marco include demand for outsourced IT (reducing in-house burdens) and vendor consolidation, positioning it against competitors like Loffler Companies and Pacific Office Automation.[2] By enabling efficient tech ecosystems, Marco influences regional startup and business growth through scalable services that support expansion without heavy capital investment.[4]
Marco's future looks robust, with potential to expand managed security and AI-driven IT optimization amid evolving regulations and edge computing trends.[4][5] As businesses prioritize cost efficiency and resilience, Marco's nationwide footprint and engineer depth will likely drive revenue growth beyond $268 million, possibly through acquisitions or deeper Microsoft/cloud integrations.[2][3][5] Its influence may grow by shaping SMB tech adoption, evolving from office supplies roots to a pivotal enabler of digital transformation—simplifying technology as it has for over 50 years.[4]
Marco has raised $18.1M in total across 4 funding rounds.
Marco's investors include Fin Capital, M13, Oak HC/FT, Peterson Ventures, Trajectory Ventures, Todd Pedersen, Antler, Kayyak Ventures.
Key people at Marco.
Marco has raised $18.1M across 4 funding rounds. Most recently, it raised $10.0M Seed in October 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2022 | $10.0M Seed | Fin Capital, M13, Oak HC/FT, Peterson Ventures, Trajectory Ventures, Todd Pedersen | |
| Jul 1, 2021 | $7.0M Seed | Antler, Kayyak Ventures | |
| Sep 1, 2020 | $1.0M Seed | Antler | |
| Jan 1, 2020 | $150K Seed | Antler |
