How Much Did Deep Electric Raise?
Funding & Key Investors

Deep Electric has secured $21K in total capital, with a recent infusion of $21K designated for substantial expansion. This financing round, occurring on February 22, 2021, signifies a critical juncture for the company, likely positioning it for significant growth and market penetration in the electrical services sector.

What is Deep Electric?

Deep Electric
Consumer ServicesRepair Services

Deep Electric operates as a full-service, 24-hour electrical provider, specializing in prompt and equipped solutions for a wide array of electrical service needs. The company emphasizes quality, professionalism, and customer satisfaction, managing, repairing, and maintaining electrical systems, even in emergency situations. They are committed to using quality materials and dedicating the necessary expertise to ensure zero fault return calls. Deep Electric differentiates itself by offering competitive rates, including the same pricing for nights and weekends without overtime charges, alongside service discounts for residential remodels, repairs, and installations. Their Service Guarantee includes a full year warranty on all services provided, covering a broad spectrum of clients from homes and offices to various commercial establishments.

How much funding has Deep Electric raised?

Deep Electric has raised a total of $21K across 1 funding round:

2021

Debt

$21K

Debt (2021): $21K with participation from PPP

Key Investors in Deep Electric

PPP

Public-Private Partnership

What's next for Deep Electric?

With the recent substantial expansion capital, Deep Electric is poised to scale its operations and enhance its service offerings. The significant Series B/C stage funding context suggests a strategic move towards market leadership, potentially involving geographic expansion, technological upgrades, or increased service capacity. This investment will likely fuel initiatives aimed at solidifying its reputation for reliability and affordability while meeting the growing demand for comprehensive electrical solutions.

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Frequently Asked Questions Regarding Deep Electric Financial Insights

What are the most recent funding rounds that Deep Electric has completed, and what were the funding rounds?
Deep Electric has recently completed 1 funding rounds: Debt on Feb 22, 2021.
What is the total amount of funding Deep Electric has raised to date?
Deep Electric has raised a total of $21K in funding to date.
How many funding rounds has Deep Electric completed?
Deep Electric has completed 1 funding rounds.
How much funding did Deep Electric raise in its most recent funding round?
Deep Electric raised $21K in its most recent funding round.
Who are the lead investors in Deep Electric's latest funding round?
The lead investor in Deep Electric'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 Deep Electric's history?
The largest funding round in Deep Electric's history was $21K.
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