What is Rigels?
Founded in 1945, Rigels Appliance Store has built a robust reputation for offering a comprehensive selection of quality brand-name appliances, encompassing kitchen and laundry units, refrigeration, and outdoor cooking equipment. The company distinguishes itself through exceptional customer service, including repair, delivery, and installation, aiming to provide a seamless and worry-free client experience. Rigels caters to a diverse clientele, from individual consumers to industry professionals like builders and designers, offering specialized pricing and an extensive product catalog. Their business model emphasizes affordability and reliability, assisting customers in selecting products that align with their specific needs, lifestyle, and budget.
How much funding has Rigels raised?
Rigels has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in Rigels
PPP
Public-Private Partnership
What's next for Rigels?
The recent large-scale late-stage funding, characterized as a major strategic investment, positions Rigels for continued growth and operational enhancement. This capital injection is likely to fuel expansion initiatives, potentially involving the enhancement of its service offerings, technological upgrades for inventory management and customer engagement, or broader market penetration. Given its long history and focus on customer satisfaction, Rigels is poised to leverage this financial backing to solidify its market leadership and adapt to evolving consumer demands in the appliance sector.
See full Rigels company page
