How Much Did Sussel Raise?
Funding & Key Investors

Sussel, a prominent garage builder in Minnesota, has secured significant capital, with total funding reaching $397K. The company recently announced a major strategic investment of $247K, underscoring its established market presence and ongoing growth trajectory. This latest financing round signifies a critical juncture for Sussel as it continues to solidify its leadership in custom garage construction.

What is Sussel?

Sussel
ConstructionConstruction Management

Sussel Garages has been a cornerstone of the Minnesota construction landscape since 1915, specializing in bespoke garage designs and demonstrating exceptional craftsmanship. The company offers a comprehensive suite of services, encompassing garage construction, design consultation, and flexible financing solutions. Catering to a diverse clientele seeking everything from utilitarian to architecturally significant garage structures, Sussel leverages its team of seasoned professionals to ensure the delivery of premium materials and unparalleled service, cementing its reputation as Minnesota's most trusted garage builder.

How much funding has Sussel raised?

Sussel has raised a total of $397K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$247K

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

Debt (2021): $247K led by PPP

What's next for Sussel?

The substantial capital infusion, particularly the recent strategic investment, positions Sussel for accelerated expansion and enhanced operational capabilities. This large-scale, late-stage funding indicates a focus on scaling operations, potentially exploring new markets, or investing in advanced construction technologies. Sussel's commitment to quality and customer satisfaction, combined with this strategic backing, suggests a continued emphasis on reinforcing its market leadership and exploring innovative solutions within the custom garage construction sector.

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Frequently Asked Questions Regarding Sussel Financial Insights

What are the most recent funding rounds that Sussel has completed, and what were the funding rounds?
Sussel has recently completed 2 funding rounds: Debt on Feb 3, 2021, Debt on Apr 9, 2020.
What is the total amount of funding Sussel has raised to date?
Sussel has raised a total of $397K in funding to date.
How many funding rounds has Sussel completed?
Sussel has completed 2 funding rounds.
How much funding did Sussel raise in its most recent funding round?
Sussel raised $247K in its most recent funding round.
Who are the lead investors in Sussel's latest funding round?
The lead investor in Sussel'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 Sussel's history?
The largest funding round in Sussel's history was $247K.
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