First SOURCE Electrical Funding: How Much Did They Raise & Key Investors

How Much Did First SOURCE Electrical Raise?
Funding & Key Investors

First SOURCE Electrical has secured $350K in total capital, with its most recent financing round bringing in $350K through a major strategic investment. This significant backing underscores the company's established position in the electrical supply sector and its trajectory towards further expansion.

What is First SOURCE Electrical?

First SOURCE Electrical

Retail

Home Improvement & Hardware Retail

First SOURCE Electrical is a Houston-based enterprise specializing in the distribution of a comprehensive array of electrical products. Their offerings include essential items such as electrical conduit, circuit breakers, and lighting solutions, alongside a variety of tools. The company distinguishes itself by providing value-added services, including expert project management, detailed quotations, and complimentary local delivery within the Greater Houston area. Catering to contractors, electricians, and businesses, First SOURCE Electrical emphasizes customer service, further enhanced by online account management and billing capabilities.

How much funding has First SOURCE Electrical raised?

First SOURCE Electrical has raised a total of $350K across 1 funding round:

2020

Debt

$350K

Debt (2020): $350K with participation from PPP

What's next for First SOURCE Electrical?

The substantial capital infusion, particularly the recent strategic investment, positions First SOURCE Electrical for accelerated growth and enhanced market penetration. This financing is indicative of a late-stage development phase, suggesting the company is poised to scale its operations, potentially expand its product lines, or invest in technological advancements to further optimize its service delivery and customer engagement. The strategic nature of the investment implies a focus on long-term value creation and market leadership within the electrical supply industry.

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Frequently Asked Questions Regarding First SOURCE Electrical Financial Insights

What are the most recent funding rounds that First SOURCE Electrical has completed, and what were the funding rounds?

First SOURCE Electrical has recently completed 1 funding rounds: Debt on Apr 7, 2020.

What is the total amount of funding First SOURCE Electrical has raised to date?

First SOURCE Electrical has raised a total of $350K in funding to date.

How many funding rounds has First SOURCE Electrical completed?

First SOURCE Electrical has completed 1 funding rounds.

How much funding did First SOURCE Electrical raise in its most recent funding round?

First SOURCE Electrical raised $350K in its most recent funding round.

Who are the lead investors in First SOURCE Electrical's latest funding round?

The lead investor in First SOURCE Electrical'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 First SOURCE Electrical's history?

The largest funding round in First SOURCE Electrical's history was $350K.

See more information about First SOURCE Electrical