How Much Did TEC Electric Raise?
Funding & Key Investors

TEC Electric has successfully secured a significant capital injection, bringing its total funding to $156K. This latest round, characterized by a $156K major strategic investment, underscores the firm's robust position within the regional infrastructure and construction sector. By leveraging this financial backing, the company aims to solidify its operational footprint across the Carolinas, Georgia, Virginia, and Tennessee, marking a pivotal moment in its growth trajectory since its inception in 2005.

What is TEC Electric?

TEC Electric
ConstructionConstruction Management

Headquartered in Charlotte, NC, and Spartanburg, SC, TEC Electric operates as a comprehensive general contractor specializing in high-stakes electrical, lighting, network, and security system installations. The firm distinguishes itself through a self-perform model, maintaining direct control over field operations, engineering, and business development. By managing its own technology systems while maintaining strategic partnerships for specialized life safety and fire alarm services, TEC Electric has established a reputation for reliability and technical precision in complex commercial and industrial environments.

How much funding has TEC Electric raised?

TEC Electric has raised a total of $156K across 1 funding round:

2021

Debt

$156K

Debt (2021): $156K with participation from PPP

Key Investors in TEC Electric

PPP

Public-Private Partnership

What's next for TEC Electric?

With the infusion of this latest capital, TEC Electric is positioned to scale its service delivery and expand its regional market share. The strategic focus will likely center on enhancing its internal engineering capabilities and optimizing field operations to meet the increasing demand for integrated security and network infrastructure. As the company transitions through this late-stage funding phase, the emphasis will remain on maintaining the high-quality standards that have defined its long-term partnerships, while potentially exploring new technological frontiers in electrical systems management to drive long-term value for its stakeholders.

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Frequently Asked Questions Regarding TEC Electric Financial Insights

What are the most recent funding rounds that TEC Electric has completed, and what were the funding rounds?
TEC Electric has recently completed 1 funding rounds: Debt on Feb 6, 2021.
What is the total amount of funding TEC Electric has raised to date?
TEC Electric has raised a total of $156K in funding to date.
How many funding rounds has TEC Electric completed?
TEC Electric has completed 1 funding rounds.
How much funding did TEC Electric raise in its most recent funding round?
TEC Electric raised $156K in its most recent funding round.
Who are the lead investors in TEC Electric's latest funding round?
The lead investor in TEC 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 TEC Electric's history?
The largest funding round in TEC Electric's history was $156K.
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