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How Much Did Franklin Surplus Raise?
Funding & Key Investors

Franklin Surplus has recently secured a major strategic investment, contributing to its total funding of $375K. The company's most recent capital infusion, amounting to $225K, was finalized on January 31, 2021. This significant backing underscores the company's established presence and ongoing expansion within the scrap metal recycling sector.

What is Franklin Surplus?

Franklin Surplus
Energy, Utilities & WasteWaste Treatment, Environmental Services & Recycling

Franklin Surplus, Inc. is a family-owned and operated scrap metal recycling company with a legacy dating back to 1911. Led by Robert Franklin and Frank Franklin, the company is dedicated to providing quality scrap metal recycling services to both the general public and industrial clients. Based in North Vernon, Indiana, Franklin Surplus serves numerous local industries in Southern Indiana and has extended its operational reach to over 30 states and Canada, demonstrating a broad service capability and a commitment to managing metal waste effectively.

How much funding has Franklin Surplus raised?

Franklin Surplus has raised a total of $375K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$225K

Debt (2020): $150K with participation from PPP

Debt (2021): $225K led by PPP

What's next for Franklin Surplus?

The recent large-scale, late-stage funding indicates a strategic push for Franklin Surplus, likely aimed at further market penetration, operational enhancements, or expansion into new recycling technologies. Given its long history and established service area, this capital injection is poised to accelerate its growth trajectory and solidify its position as a key player in the North American scrap metal recycling industry. The company's focus on quality service and broad reach suggests a strategic deployment of these funds to enhance logistical capabilities and potentially broaden its industrial partnerships.

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Frequently Asked Questions Regarding Franklin Surplus Financial Insights

What are the most recent funding rounds that Franklin Surplus has completed, and what were the funding rounds?
Franklin Surplus has recently completed 2 funding rounds: Debt on Jan 31, 2021, Debt on Apr 8, 2020. What is the total amount of funding Franklin Surplus has raised to date?
Franklin Surplus has raised a total of $375K in funding to date. How many funding rounds has Franklin Surplus completed?
Franklin Surplus has completed 2 funding rounds. How much funding did Franklin Surplus raise in its most recent funding round?
Franklin Surplus raised $225K in its most recent funding round. Who are the lead investors in Franklin Surplus's latest funding round?
The lead investor in Franklin Surplus'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 Franklin Surplus's history?
The largest funding round in Franklin Surplus's history was $225K.
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