What is Elite Development?
Elite Development, Inc. is a minority-owned construction firm established in 1993 and headquartered in Fairfax, VA. The company has carved a niche by specializing in construction services for Federal, State, and Local Government agencies, alongside commercial renovation projects. With over a quarter-century of operational experience, Elite Development has cultivated a robust reputation for its work with entities such as school systems and universities throughout Northern Virginia. Their core commitment lies in delivering professional workmanship, ensuring timely project completion, and providing cost-effective solutions to their clientele.
How much funding has Elite Development raised?
Elite Development has raised a total of $32K across 1 funding round:
Debt
$32K
Debt (2021): $32K with participation from PPP
Key Investors in Elite Development
PPP
Public-Private Partnership
What's next for Elite Development?
The substantial expansion capital recently obtained by Elite Development positions the company for accelerated growth, particularly within the government and commercial construction sectors. Operating at a significant Series B/C stage, this investment is expected to fuel strategic initiatives such as expanding operational capacity, enhancing technological adoption in project management, and potentially broadening their geographic reach. The company's established track record and focus on delivering value suggest a trajectory aimed at capturing larger contracts and solidifying its market position.
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