What is Carousel Development & Restoration?
Carousel Development & Restoration, Inc. (CDRI) is a prominent structural concrete restoration contractor headquartered in Delray Beach, Florida. With over 40 years of operational experience, CDRI specializes in comprehensive building exterior rehabilitation, focusing on high-rise and balcony repairs, condominium restoration, and general structural concrete restoration. The company's service portfolio includes advanced waterproofing systems and structural column repairs, primarily serving commercial structures and managed properties across South Florida. CDRI's collaborative approach with structural engineers and subcontractors ensures adherence to stringent safety and compliance standards, positioning it as a reliable partner for condo and homeowner associations, high-rise property managers, and business owners.
How much funding has Carousel Development & Restoration raised?
Carousel Development & Restoration has raised a total of $2.1M across 2 funding rounds:
Debt
$1M
Debt
$1.1M
Debt (2020): $1M with participation from PPP
Debt (2021): $1.1M led by PPP
Key Investors in Carousel Development & Restoration
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Carousel Development & Restoration?
The substantial enterprise-level funding and recent strategic investment indicate that Carousel Development & Restoration is poised for continued expansion and potentially the adoption of new technologies or service offerings. This capital infusion is likely to support the company's ongoing efforts in complex structural repairs and building envelope solutions, reinforcing its market leadership in South Florida. Future developments may include scaling operations to meet increasing demand, enhancing project management capabilities, or exploring new geographic markets for its specialized restoration services.
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