What is Qlm?
QLM Inc. operates as a union General Engineering Contractor, specializing in commercial and industrial exterior construction services. The company's expertise spans site landscape construction, concrete work, asphalt paving, and irrigation systems. Established in 1989 and serving the Bay Area, QLM aims to streamline the exterior construction process for its clients by managing projects from inception to completion, thereby eliminating the need for clients to coordinate multiple subcontractors. Their mission focuses on simplifying exterior construction projects through experienced staff and comprehensive project management.
How much funding has Qlm raised?
Qlm has raised a total of $14M across 2 funding rounds:
Debt
$2M
Series A
$12M
Debt (2020): $2M with participation from PPP
Series A (2022): $12M led by SLB, Development Bank of Wales, Green Angel Syndicate, and Enterprise 100
Key Investors in Qlm
SLB
SLB is a global technology company focused on enabling access to energy while advancing solutions that support a lower-carbon future. The organization operates at the intersection of energy innovation and industrial technology, helping energy producers explore, develop, and manage resources more efficiently and responsibly.
Development Bank of Wales
The Development Bank of Wales provides sustainable and effective business finance solutions for companies based in or relocating to Wales. They offer a range of services including business loans, equity finance, and support for various business needs such as starting, growing, and developing technology ventures.
Green Angel Syndicate
Green Angel Syndicate is the UK's leading angel syndicate focused on combating climate change through sustainable investment solutions. They specialize in selecting and investing in innovative companies that address climate challenges, offering both active and passive investment opportunities.
What's next for Qlm?
The recent major strategic investment in Qlm, following a Series A round, suggests the company is poised for significant scaling and expansion. This infusion of capital, particularly from entities like SLB, which focuses on energy innovation and sustainable solutions, and Green Angel Syndicate, dedicated to climate change mitigation, indicates a potential strategic alignment with broader industry trends in infrastructure development and sustainability. The backing from Development Bank of Wales and Enterprise 100 further solidifies Qlm's capacity to undertake larger projects and potentially explore new markets or technological advancements in its construction services.
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