What is Ten Mile?
Founded in 2007 by Travis Richmond, Ten Mile Paving operates as a prominent contractor specializing in a comprehensive suite of services including excavation, road construction and maintenance, asphalt paving, pipeline construction, and logistics. Despite its substantial growth, the company maintains a commitment to small-town values and a strong emphasis on safety. Their operational philosophy centers on delivering quality performance and ensuring timely project completion, fostering robust customer satisfaction. Ten Mile Paving actively seeks to expand its workforce, promoting a secure and dependable work environment.
How much funding has Ten Mile raised?
Ten Mile has raised a total of $1.6M across 2 funding rounds:
Debt
$350K
Debt
$1.2M
Debt (2020): $350K with participation from PPP
Debt (2021): $1.2M led by PPP
Key Investors in Ten Mile
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Ten Mile?
The recent major strategic investment signals a pivotal moment for Ten Mile, likely enabling the company to accelerate its expansion initiatives, enhance its operational capabilities, and potentially explore new market segments. This enterprise-level funding suggests a focus on scaling operations, investing in advanced equipment, and solidifying its competitive advantage in the road construction and paving industry. The company's continued emphasis on safety and quality performance, coupled with strategic capital infusion, positions it for sustained development and market leadership.
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