What is Criterion?
Criterion Restoration and Sales is a seasoned provider of specialized outdoor furniture repair and restoration services. With over three decades of operational experience, the company offers a comprehensive suite of services including sandblasting, powder coating, welding, and sling replacement. Criterion caters to a diverse clientele, addressing the needs of both residential and commercial customers seeking to revitalize their outdoor furniture made from materials like wrought iron and aluminum. The company has built a reputation for exceptional customer service, characterized by clear communication and efficient logistics for pickup and delivery, leveraging modern techniques to restore furniture.
How much funding has Criterion raised?
Criterion has raised a total of $339K across 2 funding rounds:
Debt
$150K
Debt
$189K
Debt (2020): $150K with participation from PPP
Debt (2021): $189K led by PPP
Key Investors in Criterion
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Criterion?
The substantial capital infusion, particularly the recent strategic investment, positions Criterion for significant expansion and operational enhancement. As a company operating in a niche but enduring market, this financing is likely to fuel advancements in service capabilities, potentially through technology adoption or expanded service areas. The focus on restoration and sales, coupled with a strong customer service ethos, suggests a strategy geared towards solidifying its leadership in the outdoor furniture refurbishment industry and capitalizing on the growing demand for sustainable and high-quality furniture solutions. This late-stage funding indicates a mature business model poised for further growth and market penetration.
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