How Much Did Magee Electric Raise?
Funding & Key Investors

Magee Electric has secured significant capital, with its total funding reaching $150K. The company recently announced a major strategic investment, bringing in $150K in new financing. This latest round underscores Magee Electric's established position in the market and its trajectory for continued expansion within the electrical services sector.

What is Magee Electric?

Magee Electric
ConstructionConstruction Management

Magee Electric Inc. has been a provider of comprehensive electrical services since 1991, serving both residential and commercial clientele. The company places a strong emphasis on safety, ensuring its workforce holds OSHA 10 certifications and is proficient in CPR and First Aid. Known for its professionalism and dedication to customer satisfaction, Magee Electric undertakes a wide spectrum of projects, from minor repairs to extensive commercial constructions. Their commitment to quality and safety has garnered industry recognition, including the IEC SPARK Superior Achievement award.

How much funding has Magee Electric raised?

Magee Electric has raised a total of $150K across 1 funding round:

2020

Debt

$150K

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

What's next for Magee Electric?

The substantial capital infusion, particularly the recent strategic investment, positions Magee Electric for accelerated growth and enhanced service capabilities. This late-stage funding is likely to fuel operational scaling, potentially through the expansion of its service areas, investment in advanced technologies, or further development of its skilled workforce. The company's focus on safety and professionalism, combined with this strategic backing, suggests a continued emphasis on solidifying its market leadership and pursuing larger-scale projects.

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Frequently Asked Questions Regarding Magee Electric Financial Insights

What are the most recent funding rounds that Magee Electric has completed, and what were the funding rounds?
Magee Electric has recently completed 1 funding rounds: Debt on Apr 16, 2020.
What is the total amount of funding Magee Electric has raised to date?
Magee Electric has raised a total of $150K in funding to date.
How many funding rounds has Magee Electric completed?
Magee Electric has completed 1 funding rounds.
How much funding did Magee Electric raise in its most recent funding round?
Magee Electric raised $150K in its most recent funding round.
Who are the lead investors in Magee Electric's latest funding round?
The lead investor in Magee 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 Magee Electric's history?
The largest funding round in Magee Electric's history was $150K.
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