How Much Did Spellman Raise?
Funding & Key Investors

Spellman has secured $150K in total capital, with a recent strategic investment of $150K announced on April 3, 2020. This significant financing underscores the company's established presence and ongoing growth trajectory in the competitive plumbing services sector. The recent capital infusion signals a move towards further scaling and operational enhancement.

What is Spellman?

Spellman
ConstructionConstruction ManagementConsumer Services

Plumbing by Spellman, established in 1978, is a premier provider of residential and commercial plumbing solutions in Emporia, Kansas. The company offers a comprehensive suite of services, including repairs, sewer line work, water heater installations, and advanced trenchless technology for sewer line replacement. With full licensing, bonding, and insurance, Spellman guarantees quality workmanship and adherence to all city codes. Their reputation is built on exceptional customer service and rapid response times, serving both homeowners and businesses.

How much funding has Spellman raised?

Spellman has raised a total of $150K across 1 funding round:

2020

Debt

$150K

Debt (2020): $150K with participation from PPP

What's next for Spellman?

The substantial late-stage funding positions Spellman for significant expansion and strategic development. This capital injection is expected to fuel advancements in service delivery, potentially through technology adoption or geographic reach. As a company with a long-standing history, this investment suggests a focus on solidifying its market leadership and exploring new avenues for growth within the plumbing and essential home services industry. The strategic nature of the recent investment points towards potential partnerships or acquisitions aimed at enhancing operational efficiency and service offerings.

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Frequently Asked Questions Regarding Spellman Financial Insights

What are the most recent funding rounds that Spellman has completed, and what were the funding rounds?
Spellman has recently completed 1 funding rounds: Debt on Apr 3, 2020.
What is the total amount of funding Spellman has raised to date?
Spellman has raised a total of $150K in funding to date.
How many funding rounds has Spellman completed?
Spellman has completed 1 funding rounds.
How much funding did Spellman raise in its most recent funding round?
Spellman raised $150K in its most recent funding round.
Who are the lead investors in Spellman's latest funding round?
The lead investor in Spellman'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 Spellman's history?
The largest funding round in Spellman's history was $150K.
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