What is Perma-patch?
Perma-Patch specializes in high-performance asphalt repair products, including water-activated solutions like Perma-Patch Aqua and various crack sealants. Their offerings are designed for durability and ease of use, catering to both municipal and commercial clients in need of reliable pavement repair solutions. With over 30 years of American manufacturing experience, Perma-Patch is recognized by road repair specialists across the United States. The company aims to provide permanent repairs that save time and costs, ensuring long-lasting results for a variety of asphalt and concrete applications.
How much funding has Perma-patch raised?
Perma-patch has raised a total of $760K across 2 funding rounds:
Debt
$350K
Debt
$410K
Debt (2020): $350K with participation from PPP
Debt (2021): $410K led by PPP
Key Investors in Perma-patch
PPP
Public-Private Partnership
PPP
Public-Private Partnership
Undisclosed Investor
An undisclosed investor participated in the recent funding round, indicating strategic interest in Perma-patch's market position and growth potential within the asphalt repair industry.
What's next for Perma-patch?
The substantial enterprise-level funding and recent strategic investment indicate Perma-patch is poised for significant expansion. This capital injection will likely fuel advancements in product development, enhance manufacturing capabilities, and broaden market reach. The company's focus on durable, cost-effective pavement repair solutions positions it well to capitalize on infrastructure spending and maintenance needs, suggesting a trajectory towards increased market share and operational scaling.
See full Perma-patch company page
