How Much Did Double D Electrical Raise?
Funding & Key Investors

Double D Electrical has secured $498K in total capital, with its most recent financing round bringing in $348K. This significant strategic investment underscores the company's established position in the electrical services market and its trajectory towards further expansion.

What is Double D Electrical?

Double D Electrical
ConstructionConstruction ManagementConsumer Services

Double D Electrical, Inc. is a well-established electrical service provider operating in Port Hadlock, Washington, and serving the Kitsap, Jefferson, and Clallam Counties since 1998. The company offers a comprehensive suite of services, encompassing residential and commercial electrical work, generator installations, ductless heating and air conditioning systems, and utility pole services. Their offerings extend to retail parts, security systems, and green energy solutions, including electric car chargers and solar power. Double D Electrical is recognized for its dependability and professionalism, catering to a diverse clientele.

How much funding has Double D Electrical raised?

Double D Electrical has raised a total of $498K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$348K

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

Debt (2021): $348K led by PPP

What's next for Double D Electrical?

The substantial capital infusion, particularly the recent strategic investment, positions Double D Electrical for significant growth and operational enhancement. This funding is likely to fuel the expansion of its service offerings, potentially into new geographic markets, and bolster its capabilities in green energy solutions. The company's focus on both residential and commercial sectors, combined with its commitment to professional service, provides a strong foundation for leveraging this investment to solidify its market leadership and explore new avenues for development in the electrical contracting industry.

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Frequently Asked Questions Regarding Double D Electrical Financial Insights

What are the most recent funding rounds that Double D Electrical has completed, and what were the funding rounds?
Double D Electrical has recently completed 2 funding rounds: Debt on Mar 13, 2021, Debt on Apr 27, 2020.
What is the total amount of funding Double D Electrical has raised to date?
Double D Electrical has raised a total of $498K in funding to date.
How many funding rounds has Double D Electrical completed?
Double D Electrical has completed 2 funding rounds.
How much funding did Double D Electrical raise in its most recent funding round?
Double D Electrical raised $348K in its most recent funding round.
Who are the lead investors in Double D Electrical's latest funding round?
The lead investor in Double D Electrical'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 Double D Electrical's history?
The largest funding round in Double D Electrical's history was $348K.
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