What is Simon Electric?
Simon Electric Construction Co Inc. is a family-owned electrical contractor headquartered in New Richmond, WI, boasting over three decades of industry experience. The company offers a comprehensive suite of services, encompassing commercial, residential, and industrial electrical work, alongside remodeling projects. A strong emphasis on safety is evident through their recognition with the NECA Safety Excellence Award and the Zero Injury Award, positioning them as a reliable partner for businesses and homeowners seeking dependable electrical solutions.
How much funding has Simon Electric raised?
Simon Electric has raised a total of $410K across 2 funding rounds:
Debt
$150K
Debt
$260K
Debt (2020): $150K with participation from PPP
Debt (2021): $260K led by PPP
What's next for Simon Electric?
The substantial late-stage funding and major strategic investment indicate Simon Electric is poised for significant growth and operational scaling. This capital infusion is likely to fuel further expansion of their service offerings, potential geographic reach, and investment in advanced technologies to maintain their competitive edge. The company's focus on safety and extensive experience suggests a strategic approach to market penetration and client acquisition, aiming to solidify its position as a leader in the electrical contracting industry.
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