What is Panel Tech?
Panel Tech specializes in providing comprehensive cold storage solutions, encompassing insulated metal panels, cold storage doors, and essential accessories. Leveraging over 75 years of combined industry experience, the company offers tailored solutions to a nationwide clientele, ensuring precise fits for diverse applications through custom metal fabrication. Founded in 1988, Panel Tech is dedicated to delivering high-performance products that meet stringent industry standards.
How much funding has Panel Tech raised?
Panel Tech has raised a total of $1.7M across 2 funding rounds:
Debt
$85K
Debt
$1.6M
Debt (2021): $85K with participation from PPP
Debt (2024): $1.6M led by Wells Fargo
Key Investors in Panel Tech
Wells Fargo
Wells Fargo is a prominent financial institution that likely provided debt financing, supporting Panel Tech's operational and expansionary capital needs.
PPP
Public-Private Partnership
Undisclosed investor
Undisclosed investor participating in the funding round.
What's next for Panel Tech?
The recent major strategic investment positions Panel Tech for significant growth and operational advancement. This capital injection, particularly in the context of enterprise-level funding, indicates a strategic focus on scaling operations, enhancing product development, or expanding market reach. Panel Tech is poised to leverage this backing to solidify its leadership in the cold storage sector and potentially explore new technological innovations or market segments. The company's long-standing experience and commitment to quality suggest a robust trajectory for future success.
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