What is Repave?
Since its inception in 2012, Repave, Inc. has established itself as a premier provider of hauling and transportation solutions, catering to major heavy highway construction contractors across Long Island and New York City. The company specializes in the transport of asphalt, millings, stone, and stand, in addition to moving specialty overweight equipment. Notably, Repave, Inc. holds a certified Women Owned Enterprise (WBE) status for New York State, New York City, and Nassau County, highlighting its commitment to diversity and inclusion within the industry.
How much funding has Repave raised?
Repave has raised a total of $346K across 2 funding rounds:
Debt
$150K
Debt
$196K
Debt (2020): $150K with participation from PPP
Debt (2021): $196K led by PPP
What's next for Repave?
The substantial late-stage funding indicates Repave's readiness for accelerated growth and potential expansion of its service offerings or geographic reach. This capital infusion is expected to bolster its operational capacity, allowing the company to undertake larger projects and further solidify its market position. The strategic nature of the recent financing suggests a focus on enhancing competitive advantages and exploring new avenues for development within the demanding construction logistics landscape.
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