How Much Did AAK Electric Raise?
Funding & Key Investors

AAK Electric, a long-standing provider of comprehensive electrical services, has secured $29K in recent financing, contributing to its total funding of $29K. This capital infusion, occurring at a significant Series B/C stage, is earmarked for substantial expansion initiatives. The company has a proven track record spanning 37 years, demonstrating a robust capacity for growth and service delivery in the electrical sector.

What is AAK Electric?

AAK Electric
ConstructionConstruction ManagementConsumer Services

AAK Electric is a seasoned electrical service provider with 37 years of experience, catering to residential, commercial, and industrial clients. Their extensive service portfolio includes whole house generators, electrical wiring for repairs and new constructions, LED lighting, high voltage solutions, data wiring, and solar power installations. The company is committed to providing 24/7 emergency services to meet the urgent needs of their customers. Based in Watertown, NY, AAK Electric aims to deliver reliable and efficient electrical solutions, positioning itself as a key player in the regional electrical contracting market.

How much funding has AAK Electric raised?

AAK Electric has raised a total of $29K across 1 funding round:

2021

Debt

$29K

Debt (2021): $29K with participation from PPP

What's next for AAK Electric?

With the recent substantial expansion capital, AAK Electric is poised for significant operational scaling and service enhancement. The company's strategic focus on diverse electrical solutions, from traditional wiring to modern solar installations, combined with its commitment to emergency services, provides a strong foundation for leveraging this investment. Future growth is anticipated through expanding service areas, upgrading technological capabilities, and potentially increasing its workforce to meet growing demand, solidifying its market presence and competitive edge.

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Frequently Asked Questions Regarding AAK Electric Financial Insights

What are the most recent funding rounds that AAK Electric has completed, and what were the funding rounds?
AAK Electric has recently completed 1 funding rounds: Debt on Feb 19, 2021.
What is the total amount of funding AAK Electric has raised to date?
AAK Electric has raised a total of $29K in funding to date.
How many funding rounds has AAK Electric completed?
AAK Electric has completed 1 funding rounds.
How much funding did AAK Electric raise in its most recent funding round?
AAK Electric raised $29K in its most recent funding round.
Who are the lead investors in AAK Electric's latest funding round?
The lead investor in AAK Electric's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in AAK Electric's history?
The largest funding round in AAK Electric's history was $29K.
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