What is Summit Electric & Data?
Established in 2001 and based in Valencia, California, Summit Electric & Data, Inc. specializes in comprehensive electrical construction services. The company provides high and low voltage electrical construction, phone systems, data cabling, PA systems, and Fiber Optics for new construction projects. Beyond initial build-outs, Summit Electric also offers essential maintenance and ongoing services for both electrical and data needs. With a business model heavily reliant on customer referrals (90%), the company prioritizes professional execution, competitive pricing, and timely project completion, including thorough site cleanup. Summit Electric is equipped to handle a diverse range of commercial projects, from supermarkets to gym and spa facilities, demonstrating its capability in managing large-scale endeavors. The company's commitment to safety is evident through weekly employee training and ensuring all equipment is in optimal working condition, with superintendents present on every site to oversee project execution.
How much funding has Summit Electric & Data raised?
Summit Electric & Data has raised a total of $423K across 2 funding rounds:
Debt
$150K
Debt
$273K
Debt (2020): $150K with participation from PPP
Debt (2021): $273K led by PPP
What's next for Summit Electric & Data?
The recent major strategic investment positions Summit Electric & Data for accelerated expansion and enhanced service delivery. As a company operating in a large-scale, late-stage funding environment, this capital infusion is likely to be directed towards scaling operations, potentially expanding its service area, and investing in advanced technologies to maintain its competitive edge in electrical construction and data infrastructure solutions. The focus on customer referrals suggests a continued emphasis on quality workmanship and client satisfaction as key drivers for sustained growth.
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