How Much Did Mid-State Tile Raise?
Funding & Key Investors

Mid-State Tile has successfully secured a significant capital injection, bringing its cumulative financing to $398K. This latest infusion of $248K represents a major strategic investment designed to bolster the company's operational capacity and market reach. By leveraging this debt-based financing, the firm continues to solidify its position as a cornerstone of the Minnesota construction and renovation sector, demonstrating robust fiscal health and long-term viability in a competitive landscape.

What is Mid-State Tile?

Mid-State Tile
ConstructionConstruction Management

Based in St. Cloud, Minnesota, Mid-State Tile operates as a premier supplier and installer of high-quality tile solutions. With a legacy spanning over 95 years, the company has cultivated deep expertise in both residential and commercial domains. Their service portfolio is comprehensive, encompassing custom shower installations, intricate kitchen backsplashes, and large-scale flooring projects. Beyond individual residential work, the firm is a trusted partner for contractors and developers, maintaining a strong presence in critical infrastructure sectors including healthcare, education, and government facilities. Their commitment to craftsmanship and precision has established them as a reliable entity for complex, high-stakes construction requirements.

How much funding has Mid-State Tile raised?

Mid-State Tile has raised a total of $398K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$248K

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

Debt (2021): $248K led by PPP

Key Investors in Mid-State Tile

PPP

Public-Private Partnership

What's next for Mid-State Tile?

With this recent capital deployment, Mid-State Tile is well-positioned to scale its commercial operations and enhance its service delivery infrastructure. The strategic focus will likely shift toward optimizing supply chain efficiencies and expanding their footprint in the regional government and healthcare construction markets. As the company navigates this late-stage growth phase, the emphasis remains on maintaining the high standards of quality that have defined their nearly century-long tenure. Future initiatives will likely prioritize technological integration in project management and the continued professional development of their installation teams to meet the evolving demands of modern architectural standards.

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Frequently Asked Questions Regarding Mid-State Tile Financial Insights

What are the most recent funding rounds that Mid-State Tile has completed, and what were the funding rounds?
Mid-State Tile has recently completed 2 funding rounds: Debt on Jan 22, 2021, Debt on Apr 7, 2020.
What is the total amount of funding Mid-State Tile has raised to date?
Mid-State Tile has raised a total of $398K in funding to date.
How many funding rounds has Mid-State Tile completed?
Mid-State Tile has completed 2 funding rounds.
How much funding did Mid-State Tile raise in its most recent funding round?
Mid-State Tile raised $248K in its most recent funding round.
Who are the lead investors in Mid-State Tile's latest funding round?
The lead investor in Mid-State Tile'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 Mid-State Tile's history?
The largest funding round in Mid-State Tile's history was $248K.
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