How Much Did Electric Raise?
Funding & Key Investors

New Electric LLC has secured $162K in total capital, with its most recent financing round bringing in $162K through a major strategic investment. This significant backing underscores the company's established presence and future growth potential in the electrical services sector.

What is Electric?

Electric
ConstructionConstruction Management

New Electric LLC, based in Winter Haven, Florida, operates as a comprehensive electrical service provider for residential, commercial, industrial, and technology clients. The company excels in the meticulous planning and execution of diverse electrical services, encompassing lighting control systems, security infrastructure, communications networks, and disaster recovery solutions. Their team comprises state-certified electrical professionals adept at managing a broad spectrum of electrical requirements, from new construction projects to ongoing maintenance and the security of technology assets. New Electric LLC is dedicated to delivering dependable, high-caliber electrical services tailored to the dynamic needs of contemporary construction.

How much funding has Electric raised?

Electric has raised a total of $162K across 1 funding round:

2021

Debt

$162K

Debt (2021): $162K with participation from PPP

What's next for Electric?

The substantial large-scale late-stage funding indicates New Electric LLC is poised for significant expansion and operational enhancement. This capital infusion is likely to fuel strategic initiatives, potentially including market penetration into new territories, the adoption of advanced electrical technologies, and the scaling of their service offerings to meet escalating client demands. The company's focus on a wide array of sectors suggests a robust strategy for diversified revenue streams and resilience in various economic conditions.

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Frequently Asked Questions Regarding Electric Financial Insights

What are the most recent funding rounds that Electric has completed, and what were the funding rounds?
Electric has recently completed 1 funding rounds: Debt on Jan 27, 2021.
What is the total amount of funding Electric has raised to date?
Electric has raised a total of $162K in funding to date.
How many funding rounds has Electric completed?
Electric has completed 1 funding rounds.
How much funding did Electric raise in its most recent funding round?
Electric raised $162K in its most recent funding round.
Who are the lead investors in Electric's latest funding round?
The lead investor in 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 Electric's history?
The largest funding round in Electric's history was $162K.
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