How Much Did American Elevator Raise?
Funding & Key Investors

American Elevator has secured $80K in total capital, with a recent infusion of $80K designated for substantial expansion. This significant funding round, indicative of a Series B/C stage, positions the company for accelerated growth in the elevator services market.

The company's latest financing event occurred on February 5, 2021, marking a pivotal moment in its operational trajectory.

What is American Elevator?

American Elevator
ConstructionConstruction ManagementConsumer Services

American Elevator Company, established in 1995 and family-owned, operates as a full-service elevator provider based in Reidsville, North Carolina. The firm specializes in commercial elevator installation, modernization, maintenance, and repair across a diverse range of facilities, including office buildings, hospitals, and hotels. Serving a 150-mile radius around Greensboro, American Elevator is committed to delivering prompt, reliable service, backed by 24/7 availability of qualified technicians. Their operational philosophy centers on tailoring solutions to meet specific customer requirements, ensuring high-quality service and sustained client satisfaction.

How much funding has American Elevator raised?

American Elevator has raised a total of $80K across 1 funding round:

2021

Debt

$80K

Debt (2021): $80K with participation from PPP

Key Investors in American Elevator

PPP

Public-Private Partnership

What's next for American Elevator?

With the recent substantial expansion capital, American Elevator is poised to enhance its service offerings and potentially broaden its geographic reach. The strategic investment will likely fuel advancements in modernization technologies and bolster maintenance capabilities, enabling the company to address the increasing demands of its commercial client base. This capital injection signals a strong confidence in the company's business model and its capacity for future development within the competitive elevator services sector.

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Frequently Asked Questions Regarding American Elevator Financial Insights

What are the most recent funding rounds that American Elevator has completed, and what were the funding rounds?
American Elevator has recently completed 1 funding rounds: Debt on Feb 5, 2021.
What is the total amount of funding American Elevator has raised to date?
American Elevator has raised a total of $80K in funding to date.
How many funding rounds has American Elevator completed?
American Elevator has completed 1 funding rounds.
How much funding did American Elevator raise in its most recent funding round?
American Elevator raised $80K in its most recent funding round.
Who are the lead investors in American Elevator's latest funding round?
The lead investor in American Elevator'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 American Elevator's history?
The largest funding round in American Elevator's history was $80K.
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