How Much Did Gable Elevator Raise?
Funding & Key Investors

Gable Elevator has solidified its market position through a series of strategic capital infusions, culminating in a total funding accumulation of $2.1M. The firm recently secured a major strategic investment of $1.1M, signaling a robust commitment to scaling its commercial elevator installation and maintenance operations across Ohio. This influx of financing underscores the company's resilience and its capacity to leverage debt instruments to sustain long-term growth in the competitive vertical transportation sector.

What is Gable Elevator?

Gable Elevator
ConstructionConstruction ManagementConsumer Services

Established in 1991, Gable Elevator serves as a cornerstone of the Northeast and Central Ohio infrastructure landscape. As an independent provider of passenger and industrial elevator systems, the company distinguishes itself by utilizing non-proprietary components, a strategic choice that grants architects and building managers greater flexibility and long-term reliability. By prioritizing responsive service and technical precision, Gable Elevator has cultivated a reputation as a trusted partner for complex commercial projects, effectively bridging the gap between high-performance engineering and client-centric maintenance solutions.

How much funding has Gable Elevator raised?

Gable Elevator has raised a total of $2.1M across 2 funding rounds:

2020

Debt

$1M

2021

Debt

$1.1M

Debt (2020): $1M with participation from PPP

Debt (2021): $1.1M led by PPP

Key Investors in Gable Elevator

PPP

Public-Private Partnership

Undisclosed Investors

Undisclosed Investors

Undisclosed Investors

Undisclosed Investors

What's next for Gable Elevator?

With the recent capital deployment, Gable Elevator is well-positioned to enhance its service infrastructure and expand its footprint within the regional commercial real estate market. The company's focus on non-proprietary systems provides a distinct competitive advantage, allowing for seamless integration and maintenance that avoids the vendor lock-in common in the industry. Moving forward, the firm is expected to prioritize operational efficiency and the adoption of advanced diagnostic technologies to further solidify its status as Ohio's premier independent elevator specialist. This strategic trajectory suggests a continued emphasis on sustainable growth and the strengthening of its service-oriented business model.

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Frequently Asked Questions Regarding Gable Elevator Financial Insights

What are the most recent funding rounds that Gable Elevator has completed, and what were the funding rounds?
Gable Elevator has recently completed 2 funding rounds: Debt on Jan 27, 2021, Debt on Apr 14, 2020.
What is the total amount of funding Gable Elevator has raised to date?
Gable Elevator has raised a total of $2.1M in funding to date.
How many funding rounds has Gable Elevator completed?
Gable Elevator has completed 2 funding rounds.
How much funding did Gable Elevator raise in its most recent funding round?
Gable Elevator raised $1.1M in its most recent funding round.
Who are the lead investors in Gable Elevator's latest funding round?
The lead investor in Gable Elevator'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 Gable Elevator's history?
The largest funding round in Gable Elevator's history was $1.1M.
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