What is Klepps?
Klepps operates within the construction and engineering sector, with its core business detailed through the operations of John Madonna Construction (JMC). JMC, established in 1978 and based in California, is a general engineering contractor specializing in earthwork, grading, and underground utility construction across San Luis Obispo, Santa Barbara, and Monterey counties. The company has a proven track record, having completed over 450 projects for both private developers and public works, often employing value engineering. JMC's scope also extends to land development, as evidenced by their proposal for a 342-unit retirement community.
How much funding has Klepps raised?
Klepps has raised a total of $423K across 2 funding rounds:
Debt
$150K
Debt
$273K
Debt (2020): $150K with participation from PPP
Debt (2021): $273K led by PPP
Key Investors in Klepps
PPP
Public-Private Partnership
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Klepps?
The substantial late-stage funding positions Klepps for significant expansion and strategic initiatives. This capital injection is likely to fuel further development of its construction and engineering capabilities, potentially enabling larger-scale projects and market penetration. The 'major strategic investment' context suggests that this funding may come with strategic partnerships or guidance aimed at accelerating growth and innovation within the infrastructure and development sectors. Klepps is poised to leverage this financial backing to solidify its market leadership and pursue ambitious long-term objectives.
See full Klepps company page
