How Much Did Modern Floors Raise?
Funding & Key Investors

Modern Floors has solidified its position within the competitive landscape of the construction sector, securing a total capital infusion of $629K. This trajectory of financial backing is underscored by a recent strategic investment of $279K, which serves to bolster the firm's operational capacity. By leveraging debt-based financing instruments, the company has demonstrated a disciplined approach to managing its balance sheet while pursuing aggressive market expansion in the commercial and residential flooring segments.

What is Modern Floors?

Modern Floors
ConstructionConstruction Management

Headquartered in Ramsey, New Jersey, Modern Floors operates as a specialized entity within the Commercial and Residential Construction industry. With a lean workforce of 10 to 19 professionals and annual revenue streams ranging between 1M and 5M, the firm occupies a critical niche in the regional infrastructure market. The company focuses on delivering high-quality flooring solutions, balancing the demands of large-scale commercial projects with the bespoke requirements of residential clients. Its ability to maintain consistent revenue growth while navigating the complexities of the construction supply chain highlights its operational resilience and market relevance.

How much funding has Modern Floors raised?

Modern Floors has raised a total of $629K across 2 funding rounds:

2020

Debt

$350K

2021

Debt

$279K

Debt (2020): $350K with participation from PPP

Debt (2021): $279K led by PPP

Key Investors in Modern Floors

PPP

Public-Private Partnership

Undisclosed Investor

An institutional participant providing strategic backing to facilitate long-term infrastructure development.

Undisclosed Investor

A private capital provider specializing in debt financing for small to mid-sized construction enterprises.

What's next for Modern Floors?

With the recent influx of capital, Modern Floors is positioned to transition into a more mature phase of enterprise-level scaling. The strategic deployment of these funds will likely prioritize the optimization of supply chain logistics and the expansion of service territories across the tri-state area. As the firm continues to navigate the capital-intensive nature of the construction industry, the focus will remain on enhancing project delivery efficiency and securing larger, high-margin contracts. Future growth will depend on the company's ability to integrate advanced project management technologies while maintaining the quality standards that have defined its market presence to date.

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Frequently Asked Questions Regarding Modern Floors Financial Insights

What are the most recent funding rounds that Modern Floors has completed, and what were the funding rounds?
Modern Floors has recently completed 2 funding rounds: Debt on Feb 13, 2021, Debt on Apr 9, 2020.
What is the total amount of funding Modern Floors has raised to date?
Modern Floors has raised a total of $629K in funding to date.
How many funding rounds has Modern Floors completed?
Modern Floors has completed 2 funding rounds.
How much funding did Modern Floors raise in its most recent funding round?
Modern Floors raised $279K in its most recent funding round.
Who are the lead investors in Modern Floors's latest funding round?
The lead investor in Modern Floors'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 Modern Floors's history?
The largest funding round in Modern Floors's history was $350K.
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