How Much Did Schlemmer Electric Raise?
Funding & Key Investors

Schlemmer Electric, a long-standing electrical service provider, has secured $90K in total investment, with a recent capital infusion of $90K designated for substantial expansion. This financing round, indicative of a significant Series B/C stage, underscores the company's robust growth trajectory and its strategic positioning within the Minnesota market.

What is Schlemmer Electric?

Schlemmer Electric
ConstructionConstruction ManagementConsumer Services

Schlemmer Electric is a family-owned business established in 1992, specializing in comprehensive electrical services for both residential and commercial clients across the Twin Cities area. Their offerings encompass a broad spectrum of needs, from intricate home rewiring projects and fuse box upgrades to sophisticated lighting installations and general electrical troubleshooting. The company has cultivated a strong reputation for delivering high-quality workmanship and fostering deep community ties, ensuring that each client receives a personalized approach to their electrical requirements. This dedication to precision and dependability has cemented Schlemmer Electric's status as a trusted provider of electrical solutions.

How much funding has Schlemmer Electric raised?

Schlemmer Electric has raised a total of $90K across 1 funding round:

2021

Debt

$90K

Debt (2021): $90K with participation from PPP

Key Investors in Schlemmer Electric

PPP

Public-Private Partnership

What's next for Schlemmer Electric?

With the recent influx of expansion capital, Schlemmer Electric is poised for a new phase of growth. This strategic investment will likely fuel initiatives aimed at broadening their service area, enhancing their technological capabilities, and potentially expanding their team of skilled electricians. The company's established presence and commitment to customer satisfaction suggest a focus on scaling operations efficiently while maintaining the high standards that have defined their brand. Future developments may include the adoption of new electrical technologies and an increased capacity to handle larger commercial projects, further solidifying their market leadership.

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

Additional financial insights in the Construction industry

Construction ManagementConstruction
Construction ManagementConstructionCivil Engineering Construction
Civil Engineering ConstructionConstructionConstruction Management
Architecture, Engineering & DesignConstruction

Frequently Asked Questions Regarding Schlemmer Electric Financial Insights

What are the most recent funding rounds that Schlemmer Electric has completed, and what were the funding rounds?
Schlemmer Electric has recently completed 1 funding rounds: Debt on Feb 26, 2021.
What is the total amount of funding Schlemmer Electric has raised to date?
Schlemmer Electric has raised a total of $90K in funding to date.
How many funding rounds has Schlemmer Electric completed?
Schlemmer Electric has completed 1 funding rounds.
How much funding did Schlemmer Electric raise in its most recent funding round?
Schlemmer Electric raised $90K in its most recent funding round.
Who are the lead investors in Schlemmer Electric's latest funding round?
The lead investor in Schlemmer 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 Schlemmer Electric's history?
The largest funding round in Schlemmer Electric's history was $90K.
See more information about Schlemmer Electric