How Much Did Electric Raise?
Funding & Key Investors

Electric, a seasoned electrical contractor, has secured $20K in recent financing, contributing to a total funding amount of $20K. This capital infusion marks a significant stage for the company, likely aligning with its Series B/C phase, indicating a focus on scaling operations and expanding its market reach.

The company's recent funding round, described as substantial expansion capital, underscores its strategic growth trajectory and commitment to enhancing its service offerings.

What is Electric?

Electric
ConstructionConstruction Management

Mark Electric LLC, operating as Electric, is a well-established electrical contractor with over three decades of experience serving clients across Connecticut. The company provides a comprehensive suite of electrical services, encompassing residential, commercial, and industrial projects. Their expertise extends to remodeling, repair, and advanced lighting solutions, including the integration of home automation systems that enable smartphone-controlled heating, cooling, and lighting. Electric is recognized for its dedication to customer satisfaction and offers round-the-clock emergency services, positioning itself as a reliable partner for diverse electrical needs.

How much funding has Electric raised?

Electric has raised a total of $20K across 1 funding round:

2021

Debt

$20K

Debt (2021): $20K with participation from PPP

Key Investors in Electric

PPP

Public-Private Partnership

What's next for Electric?

With the recent influx of substantial expansion capital, Electric is poised for significant growth. This funding is expected to fuel strategic initiatives aimed at enhancing its service capabilities, potentially expanding its geographic footprint within Connecticut or into adjacent markets. The company's focus on home automation and its established reputation in residential, commercial, and industrial sectors provide a strong foundation for leveraging this investment to capture greater market share and solidify its position as a leading electrical solutions provider. Future developments may include technological upgrades, team expansion, and enhanced marketing efforts to capitalize on market opportunities.

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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 Mar 29, 2021.
What is the total amount of funding Electric has raised to date?
Electric has raised a total of $20K 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 $20K 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 $20K.
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