What is Deevan?
Deevan Inc. is a State Certified Underground Utility Contractor based in Florida, established in 1989. The company specializes in the construction, repair, and maintenance of essential underground utility systems, including storm drainage, water distribution, and sanitary sewer networks. Deevan Inc. also offers installation services for lift stations and grease traps. Leveraging decades of experience, the firm serves a diverse clientele comprising local municipalities, general contractors, and residential customers across Palm Beach, Martin, and St. Lucie Counties. Their comprehensive service portfolio extends to site work, encompassing clearing, grading, and asphalt paving, positioning them as a full-service provider in the infrastructure development space.
How much funding has Deevan raised?
Deevan has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for Deevan?
The recent major strategic investment signifies Deevan's readiness for accelerated growth and operational scaling. As a company operating in a critical infrastructure sector, this capital infusion is likely to be directed towards enhancing operational capacity, expanding service territories, and potentially adopting new technologies to improve efficiency in underground utility projects. The late-stage funding context suggests Deevan is poised to undertake larger contracts and solidify its market leadership in Florida.
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