What is Qlm?
QLM Inc. operates as a union General Engineering Contractor, specializing in commercial and industrial exterior construction. Their core competencies include site landscape construction, concrete work, asphalt paving, and irrigation systems. Established in 1989 and serving the Bay Area, QLM aims to streamline the construction process for clients by managing projects from inception to completion, thereby reducing the need for clients to oversee multiple subcontractors. Their mission centers on simplifying exterior construction projects through experienced staff and coordinated 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 Green Angel Syndicate, SLB, Development Bank of Wales, and Enterprise 100
Key Investors in Qlm
Green Angel Syndicate
Green Angel Syndicate is a UK-based angel syndicate focused on climate change investments, specializing in innovative companies addressing environmental challenges. They offer diverse investment opportunities and have a substantial network of members.
SLB
SLB (formerly Schlumberger) is a global technology provider for the oil and gas industry, offering solutions for reservoir characterization, drilling, production, and processing. Founded in 1926, it is headquartered in Houston, Texas.
Development Bank of Wales
The Development Bank of Wales provides business finance, including loans and equity, to companies in Wales, supporting their growth and development. They are backed by the Welsh Government and focus on fueling business possibilities across various sectors.
What's next for Qlm?
The recent major strategic investment suggests Qlm is poised for significant expansion, potentially in market reach, service offerings, or technological integration within its construction operations. This capital infusion will likely fuel strategic initiatives aimed at solidifying its position in the competitive Bay Area construction market and potentially exploring new geographic territories or service verticals. The company's focus on comprehensive project management and quality execution, combined with this new financial backing, positions it for enhanced growth and operational efficiency.
See full Qlm company page
