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How Much Did CR Mechanical Raise?
Funding & Key Investors

CR Mechanical has secured $359K in total capital, with its most recent financing round bringing in $209K in a major strategic investment. This latest funding event, dated March 3, 2021, signifies a significant milestone for the family-owned service company.

What is CR Mechanical?

CR Mechanical
Consumer ServicesRepair Services

Established in 1982, CR Mechanical, Inc. is a seasoned provider specializing in the installation and repair of foodservice equipment. Their comprehensive service portfolio includes commercial refrigeration installation, cooking equipment repair, and emergency services, alongside flexible leasing options for essential equipment like ice machines and portable A/C units. With a foundation built on 75 years of combined experience, the company prioritizes rapid response times and exceptional customer satisfaction in the competitive foodservice equipment sector.

How much funding has CR Mechanical raised?

CR Mechanical has raised a total of $359K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$209K

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

Debt (2021): $209K led by PPP

Key Investors in CR Mechanical

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for CR Mechanical?

The substantial capital infusion, particularly the recent strategic investment, positions CR Mechanical for significant expansion and operational enhancement. This late-stage funding context suggests a focus on scaling existing services, potentially expanding geographic reach, or investing in new technologies to further solidify its market leadership in foodservice equipment services. The company is poised to leverage this financial backing to drive innovation and maintain its commitment to high-quality customer support.

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Frequently Asked Questions Regarding CR Mechanical Financial Insights

What are the most recent funding rounds that CR Mechanical has completed, and what were the funding rounds?
CR Mechanical has recently completed 2 funding rounds: Debt on Mar 3, 2021, Debt on May 3, 2020. What is the total amount of funding CR Mechanical has raised to date?
CR Mechanical has raised a total of $359K in funding to date. How many funding rounds has CR Mechanical completed?
CR Mechanical has completed 2 funding rounds. How much funding did CR Mechanical raise in its most recent funding round?
CR Mechanical raised $209K in its most recent funding round. Who are the lead investors in CR Mechanical's latest funding round?
The lead investor in CR Mechanical'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 CR Mechanical's history?
The largest funding round in CR Mechanical's history was $209K.
See more information about CR Mechanical

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