How Much Did RADEC Raise?
Funding & Key Investors

RADEC, a prominent electrical contractor, has secured $1M in total capital, with a recent strategic investment of $1M. This significant backing underscores the company's established presence and ongoing growth within the electrical construction and solutions sector.

The company's financial trajectory, marked by this latest capital infusion, positions it for continued expansion and operational enhancement.

What is RADEC?

RADEC
ConstructionConstruction Management

Radec Electric Corporation, headquartered in Rochester, NY, is a seasoned electrical contractor with over five decades of experience. The company specializes in delivering comprehensive electrical construction, controls, and communication solutions to a diverse clientele spanning healthcare, education, industrial, and commercial markets. Radec is recognized for its commitment to jobsite safety and the integration of advanced technology to ensure precision and reliability in all its projects. They are adept at managing complex electrical systems for projects of varying scales, from critical healthcare facilities to large-scale residential developments.

How much funding has RADEC raised?

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

2020

Debt

$1M

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

Key Investors in RADEC

PPP

Public-Private Partnership

What's next for RADEC?

The recent major strategic investment signals a pivotal moment for RADEC, likely enabling the company to further enhance its technological capabilities, expand its service offerings, and potentially broaden its geographic reach. This capital infusion is expected to support the company's strategic objectives, allowing for investments in advanced construction methodologies and workforce development. RADEC's focus on serving critical infrastructure sectors suggests that future growth will be driven by demand for reliable and sophisticated electrical systems in healthcare, education, and industrial facilities.

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Frequently Asked Questions Regarding RADEC Financial Insights

What are the most recent funding rounds that RADEC has completed, and what were the funding rounds?
RADEC has recently completed 1 funding rounds: Debt on Apr 6, 2020.
What is the total amount of funding RADEC has raised to date?
RADEC has raised a total of $1M in funding to date.
How many funding rounds has RADEC completed?
RADEC has completed 1 funding rounds.
How much funding did RADEC raise in its most recent funding round?
RADEC raised $1M in its most recent funding round.
Who are the lead investors in RADEC's latest funding round?
The lead investor in RADEC'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 RADEC's history?
The largest funding round in RADEC's history was $1M.
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