What is Summit Electric & Data?
Established in 2001 and based in Valencia, California, Summit Electric & Data, Inc. specializes in comprehensive high and low voltage electrical construction, alongside advanced phone systems, data cabling, PA systems, and Fiber Optics for new construction projects. The company also offers robust maintenance and service solutions for existing electrical and data infrastructure. With a business model heavily reliant on customer referrals, Summit Electric prioritizes professional execution, competitive pricing, and timely project completion, ensuring honest price estimates, friendly service, and quality workmanship. The firm is equipped to handle large-scale commercial projects, including supermarkets and spa facilities, and maintains a strong focus on safety training and equipment maintenance, deploying superintendents to every site to guarantee project oversight and adherence to schedules. The company is licensed, bonded, and insured.
How much funding has Summit Electric & Data raised?
Summit Electric & Data has raised a total of $423K across 2 funding rounds:
Debt
$150K
Debt
$273K
Debt (2020): $150K with participation from PPP
Debt (2021): $273K led by PPP
Key Investors in Summit Electric & Data
PPP
Public-Private Partnership
PPP
Public-Private Partnership
Undisclosed Investor
An undisclosed investor participated in this funding round, contributing to the company's overall capital structure.
What's next for Summit Electric & Data?
The substantial capital infusion, particularly the recent strategic investment, positions Summit Electric & Data for significant scaling and potential diversification within the electrical and data infrastructure sectors. This funding is likely to fuel advancements in technology adoption, expansion into new geographic markets, and enhancement of service capabilities. As a company with a strong foundation built on customer satisfaction and operational efficiency, this late-stage financing will enable Summit Electric & Data to solidify its market leadership and pursue larger, more complex projects, further cementing its reputation for reliability and professional execution in the competitive commercial construction landscape.
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