What is Crosstown Electrical & Data?
Crosstown Electrical & Data specializes in the implementation, installation, integration, and maintenance of fiber optic, video, wireless, and data communications systems. The company has carved out a niche as a premier integrator and installer of Traffic, Transportation, and Public Works related communications and CCTV systems, with significant operations in California and experience in New York and Hawaii. Holding a C-10 license for all types of electrical work and being signatory with electrical unions like IBEW Local 11, Crosstown possesses the resources for rapid scaling. With 70 employees, the company reported over $14 million in revenue in its last fiscal year, averaging over $12 million annually for the past three years, indicating strong financial health and operational capacity.
How much funding has Crosstown Electrical & Data raised?
Crosstown Electrical & Data has raised a total of $2M across 1 funding round:
Debt
$2M
Debt (2020): $2M with participation from PPP
What's next for Crosstown Electrical & Data?
The recent major strategic investment signals a phase of significant expansion or technological advancement for Crosstown Electrical & Data. Given its established track record and substantial revenue, this capital is likely to fuel the enhancement of its existing infrastructure, the development of new service offerings within the smart city and public works sectors, or geographic expansion. The company's financial strength and bondability suggest it is well-positioned to undertake large-scale projects and capitalize on emerging opportunities in data communications and electrical systems integration.
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