How Much Did Preferred Raise?
Funding & Key Investors

Preferred, a U.S.-based construction and facility services firm, has secured significant enterprise-level funding, with its total capital raised standing at $1M. The company recently announced a major strategic investment of $1M, underscoring its robust growth trajectory and market position in the commercial and industrial sectors. This latest financing round is expected to fuel further expansion and operational enhancements for the Cleveland, Ohio-based entity.

What is Preferred?

Preferred
ConstructionConstruction Management

Preferred LLC operates as a comprehensive provider of construction and facility services, with a core specialization in commercial and industrial roofing, painting, and flooring solutions. Headquartered in Cleveland, Ohio, the company extends its services across the United States, catering to a diverse clientele within the manufacturing, retail, hospitality, and broader commercial facilities markets. Its integrated approach to facility management and construction positions it as a key player in its operational domains.

How much funding has Preferred raised?

Preferred has raised a total of $1M across 1 funding round:

2020

Debt

$1M

Debt (2020): $1M with participation from PPP

Key Investors in Preferred

PPP

Public-Private Partnership

What's next for Preferred?

The recent major strategic investment signifies a pivotal moment for Preferred, likely indicating a transition into a scaling phase or the pursuit of significant new market opportunities. This capital infusion is anticipated to bolster the company's capacity for larger projects, enhance its technological adoption in service delivery, and potentially expand its geographic reach. Strategic capital allocation will be crucial for consolidating its market share and driving innovation in the construction and facility services industry.

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Frequently Asked Questions Regarding Preferred Financial Insights

What are the most recent funding rounds that Preferred has completed, and what were the funding rounds?
Preferred has recently completed 1 funding rounds: Debt on Apr 13, 2020.
What is the total amount of funding Preferred has raised to date?
Preferred has raised a total of $1M in funding to date.
How many funding rounds has Preferred completed?
Preferred has completed 1 funding rounds.
How much funding did Preferred raise in its most recent funding round?
Preferred raised $1M in its most recent funding round.
Who are the lead investors in Preferred's latest funding round?
The lead investor in Preferred'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 Preferred's history?
The largest funding round in Preferred's history was $1M.
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