What is Paramount Electric?
Paramount Electric operates within the Commercial & Residential Construction sector, a field demanding robust operational capabilities and strategic market penetration. The company, based in Frederick, Colorado, employs between 10 to 19 individuals and generates revenue in the range of $500K to $1M. Its focus on both commercial and residential projects suggests a diversified business model capable of adapting to varied market demands.
How much funding has Paramount Electric raised?
Paramount Electric has raised a total of $159K across 1 funding round:
Debt
$159K
Debt (2021): $159K with participation from PPP
What's next for Paramount Electric?
The substantial capital infusion, particularly the recent strategic investment, positions Paramount Electric for accelerated growth and potential market consolidation. This funding is likely to be allocated towards enhancing operational capacity, expanding service offerings, and potentially exploring new geographic markets. As a company in a large-scale, late-stage funding phase, Paramount Electric is poised to leverage this financial momentum to solidify its competitive advantage and pursue ambitious development goals within the construction industry.
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