What is Elite Development?
Established in 1993 and headquartered in Fairfax, Virginia, Elite Development, Inc. operates as a specialized minority-owned construction firm. The company has cultivated a deep expertise in executing complex infrastructure projects for Federal, State, and Local Government agencies. Beyond its public sector focus, the firm maintains a strong portfolio in commercial renovation, serving educational institutions and universities throughout Northern Virginia. With over two decades of operational history, Elite Development distinguishes itself through a commitment to professional workmanship, rigorous project management, and the delivery of cost-effective, timely solutions that meet the stringent requirements of government procurement.
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?
With the infusion of this recent capital, Elite Development is poised to transition into a more aggressive phase of market penetration. The strategic focus will likely shift toward expanding its footprint in the Northern Virginia region while potentially diversifying its service offerings to capture larger federal contracts. As the firm navigates this significant Series B/C stage, the management team is expected to prioritize operational efficiency and the integration of advanced project management technologies to maintain its competitive edge. By reinforcing its reputation for reliability and technical proficiency, the company is set to solidify its standing as a preferred partner for large-scale institutional and government-led construction initiatives.
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