How Much Did State Line Propane Raise?
Funding & Key Investors

State Line Propane & Oil has successfully secured a major strategic investment, bringing its total capital accumulation to $150K. This latest financing round, totaling $150K, underscores the firm's robust position within the regional energy sector. By leveraging this influx of capital, the company aims to fortify its infrastructure and expand its service footprint across Central Connecticut and Western Massachusetts, marking a significant milestone in its long-term growth trajectory.

What is State Line Propane?

State Line Propane
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Based in Granby, Connecticut, State Line Propane & Oil operates as a critical provider of residential and commercial heating and cooling solutions. With a legacy spanning over six decades, the firm has established itself as a reliable utility partner, specializing in propane and oil delivery alongside comprehensive HVAC installation and maintenance. The company distinguishes itself through a commitment to 24/7 emergency support and the integration of modern energy technology, ensuring high-level safety and operational efficiency for its diverse client base.

How much funding has State Line Propane raised?

State Line Propane has raised a total of $150K across 1 funding round:

2020

Debt

$150K

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

Key Investors in State Line Propane

PPP

Public-Private Partnership

What's next for State Line Propane?

With this late-stage funding, State Line Propane & Oil is positioned to accelerate its operational scaling and technological modernization. The strategic deployment of these funds will likely focus on enhancing supply chain resilience and expanding the company's HVAC service capabilities to meet increasing regional demand. As the firm transitions into this next phase of development, the focus remains on maintaining its reputation for reliability while optimizing service delivery models to capture a larger share of the New England energy market.

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Frequently Asked Questions Regarding State Line Propane Financial Insights

What are the most recent funding rounds that State Line Propane has completed, and what were the funding rounds?
State Line Propane has recently completed 1 funding rounds: Debt on Apr 7, 2020.
What is the total amount of funding State Line Propane has raised to date?
State Line Propane has raised a total of $150K in funding to date.
How many funding rounds has State Line Propane completed?
State Line Propane has completed 1 funding rounds.
How much funding did State Line Propane raise in its most recent funding round?
State Line Propane raised $150K in its most recent funding round.
Who are the lead investors in State Line Propane's latest funding round?
The lead investor in State Line Propane'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 State Line Propane's history?
The largest funding round in State Line Propane's history was $150K.
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