What is Phoenix?
Established in 1988, Phoenix Corporation of the Quad Cities operates as a specialized heavy highway subcontractor. The firm provides a comprehensive suite of services, including excavation, demolition, grading, and complex asphalt and concrete work. As a certified woman-owned business, Phoenix has distinguished itself through high-stakes project delivery, most notably on the Savanna-Sabula Bridge and the I-74 Bridge corridor. Their business model centers on maintaining rigorous quality standards while navigating the logistical complexities inherent in public infrastructure development, ensuring reliability for both public and private sector clients.
How much funding has Phoenix raised?
Phoenix has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in Phoenix
PPP
Public-Private Partnership
What's next for Phoenix?
With this late-stage capital, Phoenix is well-positioned to scale its operational capacity and modernize its heavy equipment fleet to meet the increasing demands of regional infrastructure renewal. The strategic allocation of these funds will likely focus on enhancing project efficiency and expanding the firm's footprint in the competitive heavy civil engineering sector. As the company continues to leverage its prequalification status with the Departments of Transportation, the focus will remain on securing high-value contracts that require specialized technical expertise and a proven track record of safety and performance.
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