How Much Did Mcmann Electric Raise?
Funding & Key Investors

McMann Electric, a long-standing electrical service provider, has secured $150K in total capital, with a recent major strategic investment of $150K. This significant backing underscores the company's established presence and its strategic positioning within the electrical services sector. The latest financing round, dated April 15, 2020, involved a $150M debt facility, indicating a focus on operational expansion or asset acquisition. The company's trajectory suggests a mature operational phase, leveraging debt financing for growth initiatives.

What is Mcmann Electric?

Mcmann Electric
Consumer ServicesRepair ServicesArchitecture, Engineering & Design

Founded in 1998, McMann Electric, Inc. is a comprehensive electrical service provider catering to both commercial and residential clients. The company offers a diverse portfolio of services, including 24-hour emergency response, routine maintenance and troubleshooting, and specialized design/build solutions. McMann Electric is committed to delivering tailored electrical solutions, such as advanced lighting design, with competitive pricing and a strong emphasis on quality workmanship. Their operational model is built to effectively address the varied electrical requirements of their clientele, solidifying their reputation as a reliable electrical contractor.

How much funding has Mcmann Electric raised?

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

2020

Debt

$150K

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

Key Investors in Mcmann Electric

PPP

Public-Private Partnership

What's next for Mcmann Electric?

The recent major strategic investment signals a pivotal moment for McMann Electric, positioning it for accelerated growth and enhanced market penetration. This capital infusion is expected to fuel strategic initiatives, potentially involving the expansion of service offerings, technological upgrades, or geographic diversification. As a late-stage company, this financing likely supports scaling operations, optimizing service delivery, and reinforcing its competitive advantage in the electrical services market. The company is poised to leverage this strategic backing to further solidify its leadership position and explore new avenues for development and client engagement.

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Frequently Asked Questions Regarding Mcmann Electric Financial Insights

What are the most recent funding rounds that Mcmann Electric has completed, and what were the funding rounds?
Mcmann Electric has recently completed 1 funding rounds: Debt on Apr 15, 2020.
What is the total amount of funding Mcmann Electric has raised to date?
Mcmann Electric has raised a total of $150K in funding to date.
How many funding rounds has Mcmann Electric completed?
Mcmann Electric has completed 1 funding rounds.
How much funding did Mcmann Electric raise in its most recent funding round?
Mcmann Electric raised $150K in its most recent funding round.
Who are the lead investors in Mcmann Electric's latest funding round?
The lead investor in Mcmann 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 Mcmann Electric's history?
The largest funding round in Mcmann Electric's history was $150K.
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