How Much Did Ascrete Raise?
Funding & Key Investors

Ascrete, Inc., a family-owned paving contractor based in Conroe, Texas, has secured $85K in total capital, with a recent infusion of $85K designated as substantial expansion capital. This latest financing round, occurring around January 25, 2021, signifies a strategic move for the company as it operates at a significant Series B/C stage of development.

What is Ascrete?

Ascrete
ConstructionCivil Engineering Construction

Ascrete, Inc. has established itself as a prominent player in the commercial and industrial paving sector within the Greater Houston area. With a legacy spanning over 46 years, the company offers a comprehensive suite of services, encompassing both asphalt and concrete paving, alongside specialized treatments such as seal coating, crack filling, and striping. Their client portfolio includes a diverse range of entities, from school districts and fast-food establishments to commercial properties and general contractors, underscoring their broad market reach and capability. The company's commitment to delivering quality workmanship and ensuring customer satisfaction, coupled with competitive pricing and complimentary estimates, forms the bedrock of its operational philosophy.

How much funding has Ascrete raised?

Ascrete has raised a total of $85K across 1 funding round:

2021

Debt

$85K

Debt (2021): $85K with participation from PPP

What's next for Ascrete?

The recent influx of expansion capital positions Ascrete, Inc. for accelerated growth and enhanced operational capacity. Operating at a significant Series B/C stage, this investment is likely earmarked for strategic initiatives such as expanding service territories, upgrading equipment fleets, or bolstering technological infrastructure to maintain a competitive edge in the demanding paving industry. The company's long-standing experience and established reputation in the Texas market provide a solid foundation for leveraging this new financing to pursue further market penetration and solidify its leadership position.

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Frequently Asked Questions Regarding Ascrete Financial Insights

What are the most recent funding rounds that Ascrete has completed, and what were the funding rounds?
Ascrete has recently completed 1 funding rounds: Debt on Jan 25, 2021.
What is the total amount of funding Ascrete has raised to date?
Ascrete has raised a total of $85K in funding to date.
How many funding rounds has Ascrete completed?
Ascrete has completed 1 funding rounds.
How much funding did Ascrete raise in its most recent funding round?
Ascrete raised $85K in its most recent funding round.
Who are the lead investors in Ascrete's latest funding round?
The lead investor in Ascrete'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 Ascrete's history?
The largest funding round in Ascrete's history was $85K.
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