BELAY, Inc.

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

BELAY, Inc. - overview

Established

2010

Location

Atlanta, GA, US

Primary Industry

Outsourcing

About

Based in the US, BELAY, Inc. operates as a virtual solutions provider, specializing in staffing support through virtual assistants, accounting services, and marketing assistance tailored for business needs. Founded in 2010 in Atlanta, US, BELAY, Inc. focuses on delivering virtual assistance and support services to businesses.


The company was co-founded by Bryan Miles and Shannon Miles, with Tricia Sciortino serving as the CEO. BELAY has engaged in 1 deal, with its most recent funding occurring on June 25, 2021. BELAY Solutions specializes in providing virtual assistance, accounting services, and marketing support tailored to the needs of businesses. Their core offerings include Virtual Assistants (VAs) who manage administrative tasks, project management, and personal assistance, allowing clients to concentrate on strategic priorities.


BELAY's accounting services encompass bookkeeping, payroll, tax services, and fractional CFO support, delivering comprehensive financial solutions that ensure compliance and optimize operational efficiency. The company also offers marketing assistance, where Marketing Assistants leverage AI-enhanced tools to create on-brand content, manage social media, and streamline communication strategies. BELAY serves a diverse client base across various sectors, including small businesses and entrepreneurial leaders primarily located in the United States, Canada, and parts of Europe. BELAY Solutions operates on a service-based revenue model, primarily engaging in B2B transactions with clients seeking staffing support.


The company offers flexible service plans that enable clients to pay for the specific services they require, fostering a scalable engagement structure. Pricing typically aligns with the level of support needed, encompassing hourly rates for virtual assistants and fixed fees for accounting and marketing services. Clients can expect to enter into contracts that specify the duration and scope of service, which can range from short-term projects to long-term partnerships. By providing tailored support through their skilled professionals, BELAY enhances operational efficiency for businesses while generating consistent revenue through these contractual arrangements.


In June 2021, Tenex Capital Management invested in BELAY, Inc. to support the company's projected culture and growth, allowing it to expand its operations and business reach. The company aims to launch new services in the coming years and is focused on expanding into markets outside of the US, specifically targeting regions in Canada and Europe by 2024.


Current Investors

Tenex Capital Management

Primary Industry

Outsourcing

Sub Industries

Offshore IT Services/IT Outsourcing, Recruitment/Executive Search

Website

www.belaysolutions.com

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

BELAY, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedFully Accountable, LLC-
Add-onCompletedAccountfully -
GrowthCompletedBELAY, Inc.-

Displaying 1 - 3 of 3

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.