How Much Did Blasy Electric Raise?
Funding & Key Investors

Blasy Electric, a long-standing electrical service provider, has secured $450K in total capital, with its most recent financial activity involving $300K from a major strategic investment. This late-stage funding context suggests a significant phase of growth or operational expansion for the company.

What is Blasy Electric?

Blasy Electric
ConstructionConstruction Management

Blasy Electric is a family-owned electrical service provider established in 1965 and based in Midland, Michigan. The company offers comprehensive electrical solutions for residential, commercial, and larger contracting projects, all executed by licensed professionals. Blasy Electric emphasizes quality workmanship and personalized customer service, ensuring projects are completed efficiently and within budget. Their service portfolio caters to homeowners and businesses requiring dependable electrical expertise.

How much funding has Blasy Electric raised?

Blasy Electric has raised a total of $450K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$300K

Debt (2020): $150K with participation from PPP

Debt (2021): $300K led by PPP

What's next for Blasy Electric?

The substantial capital infusion, indicated by the $450K and the recent strategic investment, positions Blasy Electric for significant advancements. This financing is likely to fuel expansion into new markets, enhance service capabilities, or invest in advanced technologies to maintain its competitive edge in the electrical services sector. The company's focus on quality and reliability, coupled with this strategic backing, suggests a trajectory of sustained growth and increased operational capacity.

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Frequently Asked Questions Regarding Blasy Electric Financial Insights

What are the most recent funding rounds that Blasy Electric has completed, and what were the funding rounds?
Blasy Electric has recently completed 2 funding rounds: Debt on Jan 20, 2021, Debt on Apr 3, 2020.
What is the total amount of funding Blasy Electric has raised to date?
Blasy Electric has raised a total of $450K in funding to date.
How many funding rounds has Blasy Electric completed?
Blasy Electric has completed 2 funding rounds.
How much funding did Blasy Electric raise in its most recent funding round?
Blasy Electric raised $300K in its most recent funding round.
Who are the lead investors in Blasy Electric's latest funding round?
The lead investor in Blasy 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 Blasy Electric's history?
The largest funding round in Blasy Electric's history was $300K.
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