How Much Did Veranda Electric Raise?
Funding & Key Investors

Veranda Electric has secured $97K in recent financing, contributing to a total funding amount of $97K. This capital infusion marks a significant stage for the company, likely indicating a Series B/C phase focused on substantial expansion.

What is Veranda Electric?

Veranda Electric
Consumer ServicesRepair Services

Veranda Electric Inc. is a distinguished electrical service provider based in Selma, Texas, serving both residential and commercial clientele across the surrounding regions. The company offers a comprehensive suite of services, encompassing electrical installations, repairs, inspections, and emergency services, all delivered with a focus on timely and efficient solutions. Veranda Electric Inc. emphasizes exceptional customer care, employing licensed and bonded electricians to ensure reliability and adherence to industry standards. Their commitment is to provide dependable and cost-effective electrical solutions.

How much funding has Veranda Electric raised?

Veranda Electric has raised a total of $97K across 1 funding round:

2021

Debt

$97K

Debt (2021): $97K with participation from PPP

What's next for Veranda Electric?

With the recent influx of substantial expansion capital, Veranda Electric is poised for significant growth. This funding, indicative of a Series B/C stage, will likely be strategically deployed to enhance operational capacity, expand service territories, and potentially invest in new technologies or service offerings. The company's focus on core electrical services and customer satisfaction provides a strong foundation for leveraging this investment to solidify its market position and pursue further scaling initiatives.

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Frequently Asked Questions Regarding Veranda Electric Financial Insights

What are the most recent funding rounds that Veranda Electric has completed, and what were the funding rounds?
Veranda Electric has recently completed 1 funding rounds: Debt on Feb 23, 2021.
What is the total amount of funding Veranda Electric has raised to date?
Veranda Electric has raised a total of $97K in funding to date.
How many funding rounds has Veranda Electric completed?
Veranda Electric has completed 1 funding rounds.
How much funding did Veranda Electric raise in its most recent funding round?
Veranda Electric raised $97K in its most recent funding round.
Who are the lead investors in Veranda Electric's latest funding round?
The lead investor in Veranda 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 Veranda Electric's history?
The largest funding round in Veranda Electric's history was $97K.
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