How Much Did Stokes Electric Raise?
Funding & Key Investors

Stokes Electric has solidified its position as a regional powerhouse in the residential lighting and electrical supply sector, recently securing a major strategic investment to bolster its long-term operational capabilities. This latest infusion of capital, totaling $350K, brings the firm's cumulative financial backing to $350K. By leveraging this debt-based financing, the company aims to reinforce its supply chain infrastructure and maintain its competitive edge within the East Tennessee market, where it has operated for over eight decades.

What is Stokes Electric?

Stokes Electric
RetailHome Improvement & Hardware Retail

Stokes Electric and Lighting serves as a cornerstone of the residential construction and renovation supply chain in East Tennessee. With an 85-year history, the firm has cultivated a reputation for product availability, competitive pricing, and logistical reliability. The company specializes in a comprehensive catalog of electrical components and lighting solutions, catering to both professional contractors and residential consumers. Its market position is defined by deep-rooted regional expertise and a commitment to service excellence, which has allowed it to navigate shifting economic cycles while maintaining consistent growth in a highly fragmented industry.

How much funding has Stokes Electric raised?

Stokes Electric has raised a total of $350K across 1 funding round:

2020

Debt

$350K

Debt (2020): $350K with participation from PPP

Key Investors in Stokes Electric

PPP

Public-Private Partnership

What's next for Stokes Electric?

With the successful acquisition of this recent financing, Stokes Electric is well-positioned to optimize its inventory management systems and expand its distribution footprint. The strategic deployment of these funds will likely focus on enhancing digital procurement channels and scaling operational capacity to meet the rising demand for modern, energy-efficient lighting solutions. As the company transitions into this next phase of growth, the focus remains on sustaining its legacy of reliability while integrating advanced supply chain technologies to improve margins and service delivery across its core service territories.

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Frequently Asked Questions Regarding Stokes Electric Financial Insights

What are the most recent funding rounds that Stokes Electric has completed, and what were the funding rounds?
Stokes Electric has recently completed 1 funding rounds: Debt on Apr 7, 2020.
What is the total amount of funding Stokes Electric has raised to date?
Stokes Electric has raised a total of $350K in funding to date.
How many funding rounds has Stokes Electric completed?
Stokes Electric has completed 1 funding rounds.
How much funding did Stokes Electric raise in its most recent funding round?
Stokes Electric raised $350K in its most recent funding round.
Who are the lead investors in Stokes Electric's latest funding round?
The lead investor in Stokes 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 Stokes Electric's history?
The largest funding round in Stokes Electric's history was $350K.
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