How Much Did Reids Backhoe Raise?
Funding & Key Investors

Reids Backhoe has secured $18K in total capital, with a recent infusion of $18K designated for moderate growth. This financing round marks a significant step for the central Minnesota-based excavating company as it continues its expansion.

What is Reids Backhoe?

Reids Backhoe
ConstructionConstruction ManagementCivil Engineering Construction

Reids Backhoe, LLC, established in 2001, is a general excavating firm operating in the Brainerd Lakes area of central Minnesota. The company specializes in septic systems and offers a broad spectrum of excavation services, including site preparation, land clearing, demolition, and township maintenance. Reids Backhoe emphasizes customer satisfaction, leveraging modern equipment and a skilled workforce to deliver high-quality results. Their expertise extends to addressing frozen septic systems, providing essential services to the local community.

How much funding has Reids Backhoe raised?

Reids Backhoe has raised a total of $18K across 1 funding round:

2021

Debt

$18K

Debt (2021): $18K with participation from PPP

Key Investors in Reids Backhoe

PPP

Public-Private Partnership

What's next for Reids Backhoe?

Operating at a Series A/B growth stage, Reids Backhoe is poised for strategic expansion following its recent capital injection. The moderate growth capital is expected to fuel enhancements in operational capacity, potentially through equipment upgrades or service area expansion. This investment will likely support the company's ongoing commitment to providing comprehensive excavating solutions and maintaining its reputation for reliability and customer-centric service in the competitive Minnesota market.

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Frequently Asked Questions Regarding Reids Backhoe Financial Insights

What are the most recent funding rounds that Reids Backhoe has completed, and what were the funding rounds?
Reids Backhoe has recently completed 1 funding rounds: Debt on Jan 17, 2021.
What is the total amount of funding Reids Backhoe has raised to date?
Reids Backhoe has raised a total of $18K in funding to date.
How many funding rounds has Reids Backhoe completed?
Reids Backhoe has completed 1 funding rounds.
How much funding did Reids Backhoe raise in its most recent funding round?
Reids Backhoe raised $18K in its most recent funding round.
Who are the lead investors in Reids Backhoe's latest funding round?
The lead investor in Reids Backhoe'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 Reids Backhoe's history?
The largest funding round in Reids Backhoe's history was $18K.
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