What is Tom's Basement Waterproofing?
Established in 1975, Tom's Basement Waterproofing has evolved from a family-run enterprise into a cornerstone of foundation repair and moisture mitigation services. Operating across Macomb, Wayne, and Oakland counties, the firm distinguishes itself through a commitment to direct service delivery, eschewing the common industry practice of subcontracting. With a portfolio exceeding 18,000 completed projects, the company provides specialized, guaranteed solutions for both residential and commercial properties. Their market position is defined by a blend of legacy expertise and modern financial accessibility, offering clients comprehensive basement waterproofing and structural integrity services that address the unique geological challenges of the Michigan region.
How much funding has Tom's Basement Waterproofing raised?
Tom's Basement Waterproofing has raised a total of $303K across 2 funding rounds:
Debt
$150K
Debt
$153K
Debt (2020): $150K with participation from PPP
Debt (2021): $153K led by PPP
Key Investors in Tom's Basement Waterproofing
PPP
Public-Private Partnership
What's next for Tom's Basement Waterproofing?
With the recent influx of capital, Tom's Basement Waterproofing is well-positioned to scale its service infrastructure and enhance its technological capabilities in foundation diagnostics. The strategic deployment of these funds will likely focus on expanding the company's footprint within its existing service territories while optimizing internal logistics to maintain the high quality of workmanship that has defined its four-decade history. As the firm transitions into this next phase of growth, the focus remains on solidifying its market share through continued investment in specialized equipment and workforce development, ensuring that the company remains the primary choice for property owners seeking permanent, reliable structural solutions.
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