How Much Did Frank's Electric Raise?
Funding & Key Investors

Frank's Electric has successfully secured a significant capital injection, bringing its total funding to $96K. This latest financing round, which accounts for $96K, marks a pivotal moment for the Albuquerque-based electrical contractor as it transitions into a more aggressive growth phase. By leveraging this substantial expansion capital, the firm aims to solidify its operational footprint across the New Mexico region, building upon a legacy of service excellence that dates back to 1980.

What is Frank's Electric?

Frank's Electric
ConstructionConstruction ManagementConsumer Services

Operating as a cornerstone of the regional construction sector, Frank's Electric provides comprehensive electrical solutions for both residential and commercial clients. The company has distinguished itself through a commitment to cost-effective project delivery and high-quality technical execution. Their service portfolio is diverse, encompassing large-scale construction projects, routine maintenance service calls, and the installation of sophisticated security systems. By maintaining a focus on professionalism and customer-centric service, the firm has established a durable competitive advantage in the greater Albuquerque market, positioning itself as a preferred partner for complex electrical infrastructure needs.

How much funding has Frank's Electric raised?

Frank's Electric has raised a total of $96K across 1 funding round:

2021

Debt

$96K

Debt (2021): $96K with participation from PPP

Key Investors in Frank's Electric

PPP

Public-Private Partnership

What's next for Frank's Electric?

With the infusion of this recent investment, Frank's Electric is well-positioned to scale its service capabilities and modernize its operational infrastructure. The strategic roadmap likely involves expanding its commercial project portfolio and enhancing its security systems division to meet rising demand for integrated smart-home and business safety solutions. As the company navigates this Series B/C stage, the focus will remain on maintaining the high standards of quality that have defined its four-decade history while simultaneously optimizing its supply chain and workforce to handle larger, more complex contracts. This capital deployment serves as a catalyst for long-term sustainability and market leadership in the competitive electrical contracting landscape.

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Frequently Asked Questions Regarding Frank's Electric Financial Insights

What are the most recent funding rounds that Frank's Electric has completed, and what were the funding rounds?
Frank's Electric has recently completed 1 funding rounds: Debt on Mar 10, 2021.
What is the total amount of funding Frank's Electric has raised to date?
Frank's Electric has raised a total of $96K in funding to date.
How many funding rounds has Frank's Electric completed?
Frank's Electric has completed 1 funding rounds.
How much funding did Frank's Electric raise in its most recent funding round?
Frank's Electric raised $96K in its most recent funding round.
Who are the lead investors in Frank's Electric's latest funding round?
The lead investor in Frank's Electric'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 Frank's Electric's history?
The largest funding round in Frank's Electric's history was $96K.
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