How Much Did Smith Electrical Raise?
Funding & Key Investors

Smith Electrical has successfully secured a significant capital injection, bringing its total funding to $113K. This latest round, characterized by a $113K major strategic investment, underscores the firm's robust growth trajectory within the regional electrical services sector. By leveraging this financial backing, the company is well-positioned to solidify its operational footprint and enhance its service delivery capabilities across the St. Augustine market.

The infusion of capital represents a pivotal moment for the organization, transitioning from a localized service provider to a more scalable enterprise. This strategic financing, finalized on March 10, 2021, provides the necessary liquidity to support long-term infrastructure projects and maintain the high standards of excellence associated with their team of state-certified master electricians.

What is Smith Electrical?

Smith Electrical
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Smith Electrical Inc. operates as a premier electrical service provider based in St. Augustine, Florida, with a specialized focus on both residential and commercial lighting solutions. Since its inception in 2005, the company has cultivated a reputation for technical proficiency, offering a comprehensive suite of services ranging from landscape and marine lighting to complex electrical installations. Their market position is defined by a commitment to quality, affordability, and community-centric values, including dedicated support for military personnel and seniors. By maintaining a workforce of state-certified master electricians, the firm ensures that it meets the rigorous demands of modern electrical infrastructure while providing accessible consultations and estimates to its diverse client base.

How much funding has Smith Electrical raised?

Smith Electrical has raised a total of $113K across 1 funding round:

2021

Debt

$113K

Debt (2021): $113K with participation from PPP

Key Investors in Smith Electrical

PPP

Public-Private Partnership

What's next for Smith Electrical?

With the recent influx of capital, Smith Electrical is poised to accelerate its strategic growth initiatives. The company is expected to focus on scaling its commercial lighting division and expanding its service reach within the Florida region. Future operational priorities likely include the integration of advanced energy-efficient technologies and the potential expansion of their marine and dock lighting portfolio, which serves as a high-demand niche in coastal markets. By optimizing its service delivery model and investing in workforce development, Smith Electrical aims to capitalize on the increasing demand for reliable, high-quality electrical infrastructure, ensuring sustained competitive advantage in an evolving market landscape.

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Frequently Asked Questions Regarding Smith Electrical Financial Insights

What are the most recent funding rounds that Smith Electrical has completed, and what were the funding rounds?
Smith Electrical has recently completed 1 funding rounds: Debt on Mar 10, 2021.
What is the total amount of funding Smith Electrical has raised to date?
Smith Electrical has raised a total of $113K in funding to date.
How many funding rounds has Smith Electrical completed?
Smith Electrical has completed 1 funding rounds.
How much funding did Smith Electrical raise in its most recent funding round?
Smith Electrical raised $113K in its most recent funding round.
Who are the lead investors in Smith Electrical's latest funding round?
The lead investor in Smith 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 Smith Electrical's history?
The largest funding round in Smith Electrical's history was $113K.
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