Elektrik Secures Investment from Lead Edge Capital
We are thrilled to announce that Elektrik has secured a new investment from Lead Edge Capital. This partnership marks a significant milestone in our mission to simplify and modernize procurement for the contractors, distributors, and engineering firms building the future of America’s electrical infrastructure.
Sourcing the Hardest Parts Made Simple
Sourcing electrical Transmission and Distribution (T&D) components has historically been the most complex part of any infrastructure project. The parts are highly specialized, the supply chain is fragmented, and finding what you need often means waiting weeks for quotes and coordinating across multiple manufacturers. A single sourcing error or delay can stall a multimillion-dollar job.
We built Elektrik to change that.
As our Founder & CEO Mario Dealba puts it: “What used to take 20 days of calls, coordination, and waiting, we turn into one. Our goal is simple: take the expertise that used to live in the heads of a few specialists and make it available to anyone, at scale.”
Elektrik serves as the "easy button" for T&D procurement, combining deep product expertise, real-time sourcing, and job-site-ready delivery to replace the slow, manual quoting processes of the past.
The Right Partner at the Right Time
We are currently in the midst of an infrastructure supercycle. The rapid buildout of data centers, the accelerating adoption of renewable energy, and the broad modernization of the US power grid are driving a massive surge in complex electrical projects. With this surge comes an acute need for faster, more reliable procurement of specialized components—especially in medium and high voltage.
Lead Edge Capital shares our conviction in the importance of the physical supply chain behind this growth.
“Elektrik built the technology layer that electrical T&D sourcing never had, turning a slow, inefficient procurement process into a modern high-accuracy workflow,” says Aaron Darr, Principal at Lead Edge Capital. “Elektrik is scaling at exactly the right moment to support the current infrastructure supercycle and is well-positioned to meet this critical need.”
David Berdoff, Head of Originations at Lead Edge Capital, adds: “As a firm we have been focused on finding the right opportunities to back innovative companies building the infrastructure behind major themes around which we have real conviction such as energy, supply chain, and growing demand on these areas from artificial intelligence. Elektrik is a great example of this in action, and we are thrilled to be backing the business and team.”
What's Next for Elektrik?
Today, we work with the majority of the top 50 EPCs (Engineering, Procurement, and Construction firms) in North America and top 20 electrical distributors, connecting them with industry-leading manufacturers like TE Connectivity, Hubbell, Eaton, ABB, and Burndy.
This new investment from Lead Edge Capital will allow us to scale our operations, further enhance our technology platform, and expand our reach to help even more contractors and distributors execute their projects with faster timelines, fewer errors, and reliable access to the parts they need most.
We are incredibly grateful to our customers, partners, and the entire Elektrik team for helping us reach this milestone. We’re just getting started!