How Much Did Resource Electric Raise?
Funding & Key Investors

Resource Electric has secured $346K in total funding, with its most recent capital infusion amounting to $196K from a major strategic investment. This significant backing underscores the company's established presence and ongoing growth trajectory in the industrial automation and control panel solutions sector.

What is Resource Electric?

Resource Electric
ConstructionConstruction Management

Resource Electric specializes in providing expert power, automation, and control panel solutions tailored for industrial, institutional, and municipal clients across upstate and midlands South Carolina. Their comprehensive service offerings encompass electrical contracting, custom panel fabrication, and essential plant site services, all designed to enhance operational efficiency and productivity. The company has built a reputation for its capacity to manage projects of varying complexity, delivering bespoke, engineered solutions that demand innovative approaches. Resource Electric is dedicated to upholding high standards of quality and safety in all its undertakings.

How much funding has Resource Electric raised?

Resource Electric has raised a total of $346K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$196K

Debt (2020): $150K with participation from PPP

Debt (2021): $196K led by PPP

Key Investors in Resource Electric

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for Resource Electric?

The substantial late-stage funding indicates Resource Electric is poised for significant expansion and further technological advancement. This capital injection will likely fuel strategic initiatives such as scaling operations, enhancing service capabilities, and potentially expanding its geographical reach. The company's focus on custom-engineered solutions suggests a continued commitment to innovation, positioning it to capitalize on evolving industrial demands and maintain its competitive edge in the power and automation market.

See full Resource Electric company page
See More Financial Insights
No matching results.
Refine your search.

Additional financial insights in the Construction industry

Construction ManagementConstruction
Construction ManagementConstructionConsumer ServicesRepair Services
Construction ManagementConstruction
Architecture, Engineering & DesignConstruction

Frequently Asked Questions Regarding Resource Electric Financial Insights

What are the most recent funding rounds that Resource Electric has completed, and what were the funding rounds?
Resource Electric has recently completed 2 funding rounds: Debt on Feb 8, 2021, Debt on Apr 11, 2020.
What is the total amount of funding Resource Electric has raised to date?
Resource Electric has raised a total of $346K in funding to date.
How many funding rounds has Resource Electric completed?
Resource Electric has completed 2 funding rounds.
How much funding did Resource Electric raise in its most recent funding round?
Resource Electric raised $196K in its most recent funding round.
Who are the lead investors in Resource Electric's latest funding round?
The lead investor in Resource Electric'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 Resource Electric's history?
The largest funding round in Resource Electric's history was $196K.
See more information about Resource Electric