What is 360 Electrical?
Founded in 2005 and headquartered in Salt Lake City, Utah, 360 Electrical is dedicated to developing smarter, user-friendly solutions for modern, tech-centric lifestyles. The company specializes in revitalizing neglected product categories, with a notable success being their innovative rotating electrical outlets that address the common issue of bulky phone chargers. Their product portfolio extends to power strips, surge protectors, and charging solutions designed to enhance convenience and protect valuable electronics, making everyday life easier for millions of consumers.
How much funding has 360 Electrical raised?
360 Electrical has raised a total of $381K across 2 funding rounds:
Debt
$150K
Debt
$231K
Debt (2020): $150K with participation from PPP
Debt (2021): $231K led by PPP
Key Investors in 360 Electrical
PPP
Public-Private Partnership
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for 360 Electrical?
With a history of successful product innovation and substantial capital backing, 360 Electrical is well-positioned for continued growth and market expansion. The recent strategic investment, coupled with the company's focus on practical problem-solving in the power solutions sector, suggests a trajectory aimed at further solidifying its market share and potentially exploring new product lines or technological advancements. The company's late-stage funding context indicates a focus on scaling operations, enhancing distribution, and maintaining its competitive edge through ongoing product development.
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