How Much Did RT Electric Raise?
Funding & Key Investors

RT Electric has secured a significant strategic investment, contributing to its total funding of $318K. The company recently closed a funding round of $168K on January 20, 2021, marking a key moment in its growth trajectory. This latest capital infusion underscores the company's established presence and potential for further expansion in the electrical services sector.

What is RT Electric?

RT Electric
ConstructionConstruction Management

RT Electric LLC is a seasoned electrical service provider with over three decades of operational experience. The company caters to a broad spectrum of clients across commercial, industrial, and residential markets, emphasizing a strong commitment to customer satisfaction. As a certified, bonded, and insured electrical contractor based in Florida, RT Electric is recognized for delivering quality services at competitive pricing, demonstrating a capacity to handle projects of all scales.

How much funding has RT Electric raised?

RT Electric has raised a total of $318K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$168K

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

Debt (2021): $168K led by PPP

Key Investors in RT Electric

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for RT Electric?

The recent strategic investment signals RT Electric's readiness for its next phase of development, likely focusing on scaling operations and potentially expanding its service offerings or geographic reach. Given the company's history and the nature of late-stage funding, RT Electric is poised to leverage this capital for strategic initiatives, possibly including technological upgrades, enhanced workforce development, or market penetration efforts. This backing is expected to solidify its competitive position and drive future growth.

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Frequently Asked Questions Regarding RT Electric Financial Insights

What are the most recent funding rounds that RT Electric has completed, and what were the funding rounds?
RT Electric has recently completed 2 funding rounds: Debt on Jan 20, 2021, Debt on Apr 11, 2020.
What is the total amount of funding RT Electric has raised to date?
RT Electric has raised a total of $318K in funding to date.
How many funding rounds has RT Electric completed?
RT Electric has completed 2 funding rounds.
How much funding did RT Electric raise in its most recent funding round?
RT Electric raised $168K in its most recent funding round.
Who are the lead investors in RT Electric's latest funding round?
The lead investor in RT 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 RT Electric's history?
The largest funding round in RT Electric's history was $168K.
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