Elektrik, a procurement platform for sourcing critical electrical infrastructure components, announced a new growth investment from Lead Edge Capital. Financial terms of the investment were not disclosed.
Based in Salt Lake City, Elektrik provides a tech-enabled distribution platform for medium- and high-voltage electrical transmission and distribution components used in data centers, renewable energy projects, and commercial and industrial infrastructure. The company combines specialized product expertise with real-time sourcing across a network of manufacturers to streamline the procurement process for contractors, engineering and construction firms, and distributors.
The investment comes amid rising demand for electrical infrastructure driven by the expansion of AI data centers, renewable energy deployment, and modernization of the U.S. power grid. Elektrik aims to address one of the industry’s key bottlenecks by helping customers source specialized components more efficiently and reducing project delays.
According to the company, its platform shortens procurement cycles from approximately 20 days to one day. Elektrik serves customers across data center, utility, renewable energy, and commercial and industrial markets, working with most of the top 50 engineering, procurement, and construction firms in North America and the top 20 electrical distributors.
Lead Edge Capital said the investment reflects its focus on businesses supporting the physical infrastructure required for AI and energy-related growth. D.A. Davidson served as sole financial advisor to Elektrik, while Goodwin Procter advised Lead Edge Capital.
KEY QUOTES:
“Elektrik built the technology layer that electrical T&D sourcing never had, turning a slow, inefficient procurement process into a modern high-accuracy workflow. 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.”
Aaron Darr, Principal at Lead Edge Capital
“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. 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.”
Mario Dealba, Founder and CEO of Elektrik
“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.”
David Berdoff, Head of Originations at Lead Edge Capital
