Elektrik Receives Growth Investment from Lead Edge Capital

The company plans to use the funds to grow its operations and continue developing its platform.

Elektrik is a tech-enabled distributor of electrical transmission and distribution (T&D) components that simplifies procurement for contractors and distributors working on data centers, renewable energy projects, and commercial and industrial infrastructure.

The company combines product expertise, real time sourcing from a wide manufacturer network, and job site ready delivery to replace traditional manual quoting processes. This helps improve efficiency, reduce errors, and ensure reliable access to hard-to-source parts, enabling faster and more effective project delivery.

The investment comes at a time of strong and growing demand for electrical transmission and distribution (T&D) infrastructure. Rapid data center expansion, increased renewable energy adoption, and modernization of the U.S. power grid are all driving more complex electrical projects and increasing the need for faster, more reliable procurement of specialized components.

Medium- and high-voltage systems are especially complex with highly specialized parts that often require deep expertise to identify correctly. Even small mistakes can delay or halt multimillion dollar projects making accurate and efficient sourcing critical.

The company serves electrical contractors, engineering and construction firms, and major distributors across data centers, renewable energy, utility, and commercial and industrial markets. Elektrik works with many of the top EPCs in North America and leading electrical distributors, including companies such as TE Connectivity, Hubbell, Eaton, ABB, Richards Manufacturing Company, Burndy, and others.

“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 in these areas from artificial intelligence,” said David Berdoff, Head of Originations at Lead Edge Capital. “Elektrik is a great example of this in action, and we are thrilled to be backing the business and team.”

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"Sourcing electrical T&D components has always been the hardest part of any infrastructure project. The parts are specialized, the supply chain is fragmented, and one wrong move can stall a multimillion-dollar job. We built Elektrik to be the easy button for that process,” said Mario Dealba, Founder & CEO of Elektrik. “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 built the technology layer that electrical T&D sourcing never had, turning a slow, inefficient procurement process into a modern high-accuracy workflow,” said 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, working directly with contractors and distributors to solve sourcing challenges that legacy suppliers are not equipped to handle.”

About Elektrik

Founded in 2019, Elektrik is a leading procurement platform for critical electrical infrastructure components. It helps contractors, EPCs and distributors source medium and high-voltage cables, connectors, transformers, and related equipment in a faster, and more transparent way. The company combines product expertise with real time sourcing across a wide network of manufacturers, replacing the slow and fragmented procurement process that has traditionally been used in the industry.

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