How Much Did Star Electric Raise?
Funding & Key Investors

Star Electric has secured $545K in total capital, with its most recent financing round bringing in $395K. This major strategic investment underscores the company's significant enterprise-level funding trajectory, positioning it for continued expansion in the electrical services sector.

What is Star Electric?

Star Electric
ConstructionConstruction Management

Star Electric of Montana is a comprehensive electrical contractor serving commercial, multi-family, and industrial clients across Kalispell, Missoula, and surrounding regions. The company provides a full spectrum of services, including installations, upgrades, and maintenance, with a strong emphasis on efficiency and safety for both business and residential properties. Leveraging a team of skilled electricians, Star Electric is dedicated to delivering dependable and cost-effective solutions, meticulously tailored to the distinct requirements of its clientele. Their deep-rooted local knowledge and unwavering commitment to client satisfaction establish them as a premier choice for electrical needs throughout Northwest Montana.

How much funding has Star Electric raised?

Star Electric has raised a total of $545K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$395K

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

Debt (2021): $395K led by PPP

Key Investors in Star Electric

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for Star Electric?

The substantial enterprise-level capital infusion signifies Star Electric's robust growth phase and its strategic intent to scale operations. This backing is likely to fuel advancements in service delivery, potentially expanding geographic reach or enhancing technological capabilities within their commercial, multi-family, and industrial electrical services. The company's focus on efficiency and safety, coupled with its established local expertise, provides a solid foundation for leveraging this investment to capture greater market share and solidify its position as a leader in Northwest Montana's electrical contracting landscape.

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Frequently Asked Questions Regarding Star Electric Financial Insights

What are the most recent funding rounds that Star Electric has completed, and what were the funding rounds?
Star Electric has recently completed 2 funding rounds: Debt on Feb 8, 2021, Debt on Apr 11, 2020.
What is the total amount of funding Star Electric has raised to date?
Star Electric has raised a total of $545K in funding to date.
How many funding rounds has Star Electric completed?
Star Electric has completed 2 funding rounds.
How much funding did Star Electric raise in its most recent funding round?
Star Electric raised $395K in its most recent funding round.
Who are the lead investors in Star Electric's latest funding round?
The lead investor in Star 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 Star Electric's history?
The largest funding round in Star Electric's history was $395K.
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