What is Engineered Devices?
Engineered Devices, a family-owned entity with over 45 years of operational history, stands as a dedicated supplier, manufacturer, and designer of concrete building products. Primarily serving the NY tri-state area, EDC specializes in providing a comprehensive suite of formwork and shoring solutions. Their offerings include adjustable steel column clamps, heavy-duty steel forms, and rebar fabrication services. The company leverages an extensive rental inventory alongside robust in-house manufacturing capabilities to adeptly address a wide spectrum of customer requirements, reinforcing their commitment to quality and loyalty.
How much funding has Engineered Devices raised?
Engineered Devices has raised a total of $1.4M across 2 funding rounds:
Debt
$350K
Debt
$1M
Debt (2020): $350K with participation from PPP
Debt (2021): $1M led by PPP
Key Investors in Engineered Devices
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Engineered Devices?
The substantial enterprise-level funding, coupled with the recent strategic investment, positions Engineered Devices for accelerated growth and enhanced market penetration. This capital infusion is likely to fuel further expansion of their product lines, technological advancements in manufacturing, and broader reach within the construction sector. The company's established experience and focus on customer-centric solutions suggest a strategic deployment of these new resources to solidify its leadership in the concrete building products market.
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