Portside has raised $67.0M in total across 2 funding rounds.
Portside's investors include Asymmetric Capital Partners, Karim Faris, Insight Partners, Okta Ventures, Point Judith Capital, Sandwith Ventures, Scale Asia Ventures, Underdog Labs, George Kurtz, Howard Love, Cedar Capital Group, Helion Venture Partners.
Portside Technology is an IT services company based in Charleston, South Carolina, delivering tailored technology infrastructure solutions, managed IT services, and professional support to small and mid-size businesses. Founded in 2020, it specializes in workplace infrastructure—acting as a single point of contact for designing, implementing, and supporting custom technology stacks—while solving complex IT problems that clients lack time or expertise to address, providing security and reliability.[1][3][5]
The company serves local and national clients, emphasizing affordable, responsive solutions over one-size-fits-all approaches, with a team of 51-200 employees including network engineers, systems administrators, and support technicians. Revenue falls between $5M-$20M, reflecting steady growth post-merger, and it positions itself as the outsourced "IT team" for businesses in Charleston and beyond.[1][3]
Portside Technology was founded in 2020 by Zach McNamara, who drew from his technology leadership experience in commercial real estate, higher education, and media & entertainment to create a firm rooted in strong core values and customized solutions. Starting with a simple philosophy—"help in whatever way we can"—McNamara gained early traction on local and national workplace infrastructure projects, prompting team expansion in the Charleston market.[1][5]
A pivotal moment came in late 2022 with a strategic merger with zTech, a 15-year-old Charleston firm led by Zach Hogeboom, known for reliable managed services. Post-merger, Hogeboom became President & CTO, overseeing operations and integrating zTech's client base, engineers, and technicians with Portside's offerings for a comprehensive IT approach.[1][3][5]
Portside Technology rides the trend of outsourced, specialized IT for SMBs, where businesses increasingly seek resilient, cost-effective tech stacks amid hybrid work, cybersecurity threats, and digital transformation pressures. Its timing aligns with post-pandemic demand for workplace infrastructure, as small firms avoid in-house IT overhead by partnering with local experts who scale nationally.[1][3][5]
Market forces like rising cyber risks and cloud adoption favor its model, enabling SMBs to compete without massive internal teams. By merging niche strengths, Portside influences Charleston's tech ecosystem as a go-to provider, reducing fragmentation in IT services and supporting regional business growth.[1]
Portside Technology is poised for expansion beyond Charleston, leveraging its post-merger scale to target more national workplace projects and managed services amid SMB digitization waves. Trends like AI-driven IT automation and zero-trust security will shape its path, potentially driving integrations or acquisitions to enhance offerings.[1][3][5]
Its influence may evolve by solidifying as a regional IT leader, empowering more businesses with secure, unified tech—echoing its founding mission to "help in whatever way we can" while raising the bar on tailored SMB support.
Portside has raised $67.0M across 2 funding rounds. Most recently, it raised $50.0M Series B in January 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2023 | $50.0M Series B | Asymmetric Capital Partners, Karim Faris, Insight Partners, Okta Ventures, Point Judith Capital, Sandwith Ventures, Scale Asia Ventures, Underdog Labs, George Kurtz, Howard Love | |
| May 1, 2021 | $17.0M Series A | Cedar Capital Group, Helion Venture Partners, Propeller VC, Venture Highway, Shane Neman |
