What is Schaefer Well?
Founded in 1922, Schaefer Well Company boasts over a century of expertise in well drilling, pump services, and repair, with a specialization in rural water solutions for residential, municipal, and commercial clients. The family-owned business is recognized for its unwavering commitment to exceptional customer service and safety, offering round-the-clock emergency services. As a licensed entity by the Minnesota Department of Health and a proud member of the Minnesota Water Well Association, Schaefer Well Company consistently upholds high professional standards, fostering enduring community relationships and a reputation for reliability in water services.
How much funding has Schaefer Well raised?
Schaefer Well has raised a total of $147K across 1 funding round:
Debt
$147K
Debt (2021): $147K with participation from PPP
Key Investors in Schaefer Well
PPP
Public-Private Partnership
What's next for Schaefer Well?
The substantial late-stage funding, characterized as a major strategic investment, positions Schaefer Well for continued expansion and operational enhancement. This capital infusion is expected to bolster the company's capacity to serve its diverse clientele, potentially enabling upgrades to infrastructure, service fleet expansion, and the adoption of new drilling technologies. Given its century-long legacy and focus on dependable water solutions, this strategic backing signals a commitment to maintaining its leadership in the market and potentially exploring new service territories or deepening its existing service offerings.
See full Schaefer Well company page
