Team Electric Funding: How Much Did They Raise & Key Investors

How Much Did Team Electric Raise?
Funding & Key Investors

Team Electric, an electrical contracting company based in Denver, has secured $693K in total funding, with its most recent capital infusion amounting to $343K from a major strategic investment. This significant backing underscores the company's established presence and growth trajectory in the enterprise-level funding landscape.

The company's funding history, which includes two distinct debt financing rounds, indicates a strategic approach to capital management and operational expansion.

What is Team Electric?

Team Electric

Construction

Construction Management

Team Electric, LLC is a family-owned electrical contracting firm headquartered in Denver, Colorado. The company offers comprehensive electrical services across commercial, industrial, and new construction sectors. They serve a diverse clientele, including retail, hospitality, and healthcare facilities, throughout the Denver metro area and select regions of Colorado. Their expertise extends to specialized commercial and industrial equipment, with a core commitment to trust and integrity in all client interactions.

How much funding has Team Electric raised?

Team Electric has raised a total of $693K across 2 funding rounds:

2020

Debt

$350K

2021

Debt

$343K

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

Debt (2021): $343K led by PPP

Key Investors in Team Electric

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for Team Electric?

The recent major strategic investment suggests Team Electric is poised for significant scaling and operational enhancement. This capital infusion is likely to fuel expansion into new markets, bolster technological adoption for service delivery, and potentially increase workforce capacity to meet growing demand. The company's focus on enterprise-level funding indicates a strategic vision for long-term growth and market leadership within the electrical contracting industry.

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