How Much Did Elect Raise?
Funding & Key Investors

Elect has secured $150K in total capital, with its most recent financing round bringing in $150K in a major strategic investment. This significant backing underscores the company's established position and potential for continued expansion within the electrical engineering sector.

What is Elect?

Elect
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ELECT, P.C. is a specialized electrical engineering consultation and testing firm headquartered in Raleigh, NC. The company provides critical services across the Southeastern United States, including power systems analysis, design, power quality investigations, and comprehensive testing and field services. ELECT, P.C. also offers valuable training programs for electrical engineers and technicians, ensuring industry professionals are up-to-date with the latest advancements. Their licensed professionals are available 24/7 for emergency support, highlighting a commitment to client needs and operational continuity.

How much funding has Elect raised?

Elect has raised a total of $150K across 1 funding round:

2020

Debt

$150K

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

What's next for Elect?

The recent major strategic investment, alongside the company's substantial total funding of $150K, signals a phase of significant growth and potential scaling for Elect. This capital infusion is likely to fuel advancements in their service offerings, expansion into new markets within the Southeastern US, and further development of their training programs. The company's focus on essential electrical engineering services positions it well for sustained demand and future investment opportunities.

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Frequently Asked Questions Regarding Elect Financial Insights

What are the most recent funding rounds that Elect has completed, and what were the funding rounds?
Elect has recently completed 1 funding rounds: Debt on Apr 29, 2020.
What is the total amount of funding Elect has raised to date?
Elect has raised a total of $150K in funding to date.
How many funding rounds has Elect completed?
Elect has completed 1 funding rounds.
How much funding did Elect raise in its most recent funding round?
Elect raised $150K in its most recent funding round.
Who are the lead investors in Elect's latest funding round?
The lead investor in Elect'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 Elect's history?
The largest funding round in Elect's history was $150K.
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