How Much Did Custom Electric Raise?
Funding & Key Investors

Custom Electric has secured $500K in total capital, with its most recent financing round bringing in $250K through a major strategic investment. This enterprise-level funding underscores the company's established presence and growth trajectory in the electrical services sector.

What is Custom Electric?

Custom Electric
ConstructionConstruction ManagementConsumer Services

Custom Electric Lansing specializes in providing high-quality electrical services, encompassing residential and commercial installations, repairs, and maintenance. The company is committed to ensuring safety and efficiency across all its electrical projects, serving homeowners, businesses, and contractors within the Lansing area. Their focus on customer satisfaction drives them to offer tailored solutions designed to meet the unique requirements of each client.

How much funding has Custom Electric raised?

Custom Electric has raised a total of $500K across 2 funding rounds:

2024

Debt

$250K

Debt

$250K

Debt (2024): $250K with participation from Independent Bank

Debt (2024): $250K led by Independent Bank

Key Investors in Custom Electric

Independent Bank

Independent Bank is a financial institution likely providing debt financing and banking services to businesses, supporting their operational and growth capital needs.

Independent Bank

Independent Bank is a financial institution likely providing debt financing and banking services to businesses, supporting their operational and growth capital needs.

What's next for Custom Electric?

The recent major strategic investment signals a pivotal phase for Custom Electric, likely enabling expansion of services, technological upgrades, or increased market penetration within the Lansing region. This enterprise-level backing suggests a focus on scaling operations and solidifying its position as a leading provider of electrical solutions. Future growth may involve strategic partnerships or the adoption of advanced electrical technologies to enhance service delivery and operational efficiency.

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Frequently Asked Questions Regarding Custom Electric Financial Insights

What are the most recent funding rounds that Custom Electric has completed, and what were the funding rounds?
Custom Electric has recently completed 2 funding rounds: Debt on Sep 30, 2024, Debt on Jul 1, 2024.
What is the total amount of funding Custom Electric has raised to date?
Custom Electric has raised a total of $500K in funding to date.
How many funding rounds has Custom Electric completed?
Custom Electric has completed 2 funding rounds.
How much funding did Custom Electric raise in its most recent funding round?
Custom Electric raised $250K in its most recent funding round.
Who are the lead investors in Custom Electric's latest funding round?
The lead investor in Custom Electric's latest funding round was Independent Bank. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Custom Electric's history?
The largest funding round in Custom Electric's history was $250K.
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