How Much Did Specified Electrical Systems Raise?
Funding & Key Investors

Specified Electrical Systems has secured significant enterprise-level funding, with the most recent capital injection being a major strategic investment. The total funding amount raised to date is $1M, underscoring the company's substantial financial backing and growth trajectory. The recent funding round, valued at $1M, signals a pivotal moment for the electrical contracting firm.

What is Specified Electrical Systems?

Specified Electrical Systems
ConstructionConstruction Management

Specified Electrical Systems, LLC, established in 2005 and headquartered in Upper Marlboro, Maryland, operates as a comprehensive electrical contractor serving the Northern Virginia and Washington/Baltimore Metropolitan areas. The company distinguishes itself through specialized expertise in controls and fire alarm systems, alongside robust capabilities in electrical installation and service for complex projects. Leveraging Building Information Modeling (BIM) and prefabrication techniques, Specified Electrical Systems enhances project efficiency and delivery. Their commitment to quality and client satisfaction has positioned them as a trusted partner for a diverse clientele, including critical infrastructure such as data centers and hospitals, as well as commercial interior developments.

How much funding has Specified Electrical Systems raised?

Specified Electrical Systems has raised a total of $1M across 1 funding round:

2020

Debt

$1M

Debt (2020): $1M with participation from PPP

What's next for Specified Electrical Systems?

The recent major strategic investment into Specified Electrical Systems indicates a strong confidence from financial backers in the company's market position and future potential. This capital infusion is likely to fuel further expansion, potentially enabling the company to scale its operations, invest in advanced technologies, and broaden its service offerings. The focus on complex projects and specialized systems suggests that future growth may involve undertaking larger-scale contracts and deepening its expertise in high-demand sectors like data centers and healthcare facilities. This strategic financing positions Specified Electrical Systems for continued development and market leadership in the competitive electrical contracting landscape.

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Frequently Asked Questions Regarding Specified Electrical Systems Financial Insights

What are the most recent funding rounds that Specified Electrical Systems has completed, and what were the funding rounds?
Specified Electrical Systems has recently completed 1 funding rounds: Debt on Apr 8, 2020.
What is the total amount of funding Specified Electrical Systems has raised to date?
Specified Electrical Systems has raised a total of $1M in funding to date.
How many funding rounds has Specified Electrical Systems completed?
Specified Electrical Systems has completed 1 funding rounds.
How much funding did Specified Electrical Systems raise in its most recent funding round?
Specified Electrical Systems raised $1M in its most recent funding round.
Who are the lead investors in Specified Electrical Systems's latest funding round?
The lead investor in Specified Electrical Systems'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 Specified Electrical Systems's history?
The largest funding round in Specified Electrical Systems's history was $1M.
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