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How Much Did Cresco Raise?
Funding & Key Investors

Cresco has secured $390K in total capital, with its most recent financing round bringing in $240K in a major strategic investment. This significant backing underscores the company's established presence and ongoing growth trajectory in the commercial services sector.

What is Cresco?

Cresco
ConstructionConstruction ManagementConsumer Services

Cresco Inc. is a specialized provider of commercial refrigeration, HVAC repair, and cooking equipment maintenance services. Operating across the Mississippi Gulf Coast, New Orleans, Mobile, Fairhope, Slidell, and Daphne, the company offers 24/7 on-demand services. Their certified technicians are equipped to service all leading brands of commercial freezers, ice machines, and HVAC systems, focusing on prompt, professional service and customer satisfaction to minimize business disruptions.

How much funding has Cresco raised?

Cresco has raised a total of $390K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$240K

Debt (2020): $150K with participation from PPP

Debt (2021): $240K led by PPP

Key Investors in Cresco

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for Cresco?

The substantial capital infusion, particularly the recent strategic investment, positions Cresco for significant expansion and operational enhancement. This funding is likely to be directed towards scaling service capabilities, expanding geographic reach, and potentially investing in advanced diagnostic and repair technologies. The company's focus on emergency services and maintenance for critical business equipment suggests a strategy aimed at solidifying its market share and enhancing its value proposition through reliability and comprehensive support.

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Frequently Asked Questions Regarding Cresco Financial Insights

What are the most recent funding rounds that Cresco has completed, and what were the funding rounds?
Cresco has recently completed 2 funding rounds: Debt on Jan 27, 2021, Debt on Apr 7, 2020. What is the total amount of funding Cresco has raised to date?
Cresco has raised a total of $390K in funding to date. How many funding rounds has Cresco completed?
Cresco has completed 2 funding rounds. How much funding did Cresco raise in its most recent funding round?
Cresco raised $240K in its most recent funding round. Who are the lead investors in Cresco's latest funding round?
The lead investor in Cresco'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 Cresco's history?
The largest funding round in Cresco's history was $240K.
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