How Much Did SKF Electrical Raise?
Funding & Key Investors

SKF Electrical has secured $1.1M in total enterprise-level funding, with its most recent strategic investment amounting to $763K. This significant capital infusion underscores the company's established presence and strategic growth initiatives within the electrical contracting sector.

What is SKF Electrical?

SKF Electrical
ConstructionConstruction Management

SKF Electrical Corp. is a New York City and Westchester-based electrical contractor specializing in a diverse range of electrical services for various clients. The company is actively enhancing its customer engagement capabilities through the forthcoming launch of its new website, which is expected to provide more comprehensive details on its service portfolio. The company's operational focus is on delivering reliable electrical solutions, positioning it as a key player in its service areas.

How much funding has SKF Electrical raised?

SKF Electrical has raised a total of $1.1M across 2 funding rounds:

2020

Debt

$350K

2021

Debt

$763K

Debt (2020): $350K with participation from PPP

Debt (2021): $763K led by PPP

Key Investors in SKF Electrical

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for SKF Electrical?

The substantial enterprise-level funding indicates SKF Electrical is poised for significant expansion and operational enhancement. This strategic backing is likely to fuel advancements in service delivery, potentially including technology adoption and broader market reach. The company's focus on improving its digital presence through a new website suggests a commitment to customer accessibility and streamlined communication, aligning with a strategy for sustained growth and market leadership in the competitive electrical services industry.

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Frequently Asked Questions Regarding SKF Electrical Financial Insights

What are the most recent funding rounds that SKF Electrical has completed, and what were the funding rounds?
SKF Electrical has recently completed 2 funding rounds: Debt on Mar 20, 2021, Debt on May 1, 2020.
What is the total amount of funding SKF Electrical has raised to date?
SKF Electrical has raised a total of $1.1M in funding to date.
How many funding rounds has SKF Electrical completed?
SKF Electrical has completed 2 funding rounds.
How much funding did SKF Electrical raise in its most recent funding round?
SKF Electrical raised $763K in its most recent funding round.
Who are the lead investors in SKF Electrical's latest funding round?
The lead investor in SKF Electrical'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 SKF Electrical's history?
The largest funding round in SKF Electrical's history was $763K.
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