Useful Systemsrevenue, valuation & funding
Team Collaboration SoftwareBoulder, ColoradoFounded 2011
Shut downUseful Systems develops a mobile management software solution to better track the tasks done by workers in the field.
Useful Systems revenue
Useful Systems' annual revenue was $294K in September 2016 (source not recorded). The company has since shut down.
| As of | Revenue | Source |
|---|---|---|
| Sep 2016 | $294K | – |
– source not recorded
Useful Systems valuation
Useful Systems is privately held, so there is no Useful Systems stock to buy. Investors valued it at $2M in its November 2013 Seed round.
Useful Systems funding rounds & investors
Useful Systems has raised $1.6M across two rounds since 2013. The latest was a $1.3M funding round in September 2016.
| Date | Round | Raised | Valuation |
|---|---|---|---|
| Sep 2016 | Venture | $1.3M | – |
| Nov 2013 | Seed | $250K | $2M |
| Total raised | $1.6M |
Useful Systems CEO, founders & employees
Jay Crain founded Useful Systems in 2011 and led it as CEO. Useful Systems had 3 employees (September 2016).
- Jay CrainFounder & CEO
Useful Systems FAQ
Is Useful Systems still in business?
No. Useful Systems has shut down.
What was Useful Systems' revenue?
Useful Systems' annual revenue was $294K in September 2016 (source not recorded).
How much funding has Useful Systems raised?
Useful Systems raised $1.6M across two funding rounds before it shut down. The last was a $1.3M funding round in September 2016.
How many employees does Useful Systems have?
Useful Systems had 3 employees in September 2016.
Who founded Useful Systems?
Jay Crain founded Useful Systems in 2011.
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How this page is sourced
Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Aug 10, 2026Data disclaimerReport a correction