How Much Did Summit Procurement Raise?
Funding & Key Investors

Summit Procurement has secured $46K in total funding, with a recent capital injection of $46K designated for substantial expansion. This financing round, indicative of a significant Series B/C stage, underscores the company's robust growth trajectory and its strategic importance in the wholesale produce market.

The company's latest investment signifies a pivotal moment, enabling Summit Procurement to further enhance its operational capabilities and market reach within the competitive landscape of fruit and vegetable distribution.

What is Summit Procurement?

Summit Procurement
RetailGrocery Retail

Summit Procurement operates as a dedicated wholesale supplier, specializing in the meticulous procurement and inspection of premium fruits and vegetables, with a particular emphasis on apples sourced directly from Washington growers. Established in 1993, the company has cultivated a strong reputation over more than two decades for ensuring quality and freshness by personally inspecting every shipment. Serving wholesale buyers across the United States and Canada, Summit Procurement leverages its deep-rooted relationships with growers and shippers to efficiently meet diverse client needs. Its strategic local presence in Washington provides real-time market intelligence and product availability updates, allowing for timely alerts to clients regarding potential supply chain disruptions or market shifts.

How much funding has Summit Procurement raised?

Summit Procurement has raised a total of $46K across 1 funding round:

2021

Debt

$46K

Debt (2021): $46K with participation from PPP

Key Investors in Summit Procurement

PPP

Public-Private Partnership

What's next for Summit Procurement?

With the recent influx of substantial expansion capital, Summit Procurement is poised for significant growth. The company's strategic focus will likely involve scaling its operational infrastructure, potentially expanding its sourcing network beyond Washington, and enhancing its logistical capabilities to serve a broader customer base across North America. This investment will also empower Summit Procurement to further solidify its market position by investing in technology for improved inventory management and quality control, reinforcing its commitment to delivering high-quality produce. The company's established expertise in fruit and vegetable procurement, coupled with this strategic financing, positions it for continued success and market leadership.

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Frequently Asked Questions Regarding Summit Procurement Financial Insights

What are the most recent funding rounds that Summit Procurement has completed, and what were the funding rounds?
Summit Procurement has recently completed 1 funding rounds: Debt on Feb 10, 2021.
What is the total amount of funding Summit Procurement has raised to date?
Summit Procurement has raised a total of $46K in funding to date.
How many funding rounds has Summit Procurement completed?
Summit Procurement has completed 1 funding rounds.
How much funding did Summit Procurement raise in its most recent funding round?
Summit Procurement raised $46K in its most recent funding round.
Who are the lead investors in Summit Procurement's latest funding round?
The lead investor in Summit Procurement'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 Summit Procurement's history?
The largest funding round in Summit Procurement's history was $46K.
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