How Much Did Advent Electric Raise?
Funding & Key Investors

Advent Electric has secured $1.2M in total capital, with its most recent financing round bringing in $840K through a major strategic investment. This significant enterprise-level funding underscores the company's established presence and growth trajectory in the electrical contracting sector. The company's financial activities indicate a strong operational capacity and a strategic approach to capital deployment for continued expansion and service enhancement.

What is Advent Electric?

Advent Electric
ConstructionConstruction Management

Advent Electric Inc. operates as a comprehensive, full-service electrical contractor catering to a diverse clientele including business owners, developers, property managers, and homeowners. The company's expertise spans residential, commercial, and federal project sectors, with a specialization in electrical repairs, remodels, new installations, and complex electrical control and distribution systems. Advent Electric prioritizes operational continuity and safety for its clients by offering ongoing maintenance and repair programs designed to monitor system performance, maximize equipment productivity, and prevent costly downtime. Their track record on federal projects highlights a commitment to quality workmanship, honesty, and professional project management, consistently meeting high client expectations. The company's emphasis on quality and integrity positions it as a reliable partner for organizations managing critical electrical infrastructure.

How much funding has Advent Electric raised?

Advent Electric has raised a total of $1.2M across 2 funding rounds:

2020

Debt

$350K

2021

Debt

$840K

Debt (2020): $350K with participation from PPP

Debt (2021): $840K led by PPP

Key Investors in Advent Electric

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for Advent Electric?

The recent major strategic investment into Advent Electric signals a pivotal phase for the company, likely aimed at expanding its service capacity, enhancing technological capabilities, or broadening its market reach within the commercial and federal sectors. This capital infusion is expected to bolster its ability to undertake larger, more complex projects and reinforce its commitment to safety and customer service. Advent Electric's strategic focus on growth, coupled with its established reputation for reliability and technical proficiency, positions it for continued success and increased market share in the competitive electrical contracting industry.

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Frequently Asked Questions Regarding Advent Electric Financial Insights

What are the most recent funding rounds that Advent Electric has completed, and what were the funding rounds?
Advent Electric has recently completed 2 funding rounds: Debt on Jan 20, 2021, Debt on Apr 9, 2020.
What is the total amount of funding Advent Electric has raised to date?
Advent Electric has raised a total of $1.2M in funding to date.
How many funding rounds has Advent Electric completed?
Advent Electric has completed 2 funding rounds.
How much funding did Advent Electric raise in its most recent funding round?
Advent Electric raised $840K in its most recent funding round.
Who are the lead investors in Advent Electric's latest funding round?
The lead investor in Advent 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 Advent Electric's history?
The largest funding round in Advent Electric's history was $840K.
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