recteq
Company

Last deal

Amount

Private Equity

Stage

01.02.2021

Date

1

all rounds

date founded

Financing round

General

About Company
Recteq is a leading company that designs, markets, and sells premium pellet grills, accessories, and consumable products.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2009

Number of employees

Last funding type

Private Equity

IPO status

Private

Description

Founded by lifelong friends Ray Carnes and Ron Cundy over a decade ago, Recteq aims to provide consumers with top-quality wood pellet grills that offer flavor, convenience, and versatility for cooking, roasting, and grilling. In addition to grills, they also offer a range of products such as sauces, merchandise, parts, and pellets. With a commitment to quality and a vision of helping people enjoy better food and quality time with loved ones, Recteq has evolved into a multi-faceted lifestyle brand. Their expanding line of outdoor products and trademarked identity positions them for enduring success, enabling future generations to cherish moments with their loved ones while pursuing their passions.
Contacts

Social url

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Financials

Funding Rounds
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1

Number of Funding Rounds

Their latest funding was raised on 01.02.2021. Their latest investor Norwest Mezzanine Partners. Their latest round Private Equity

Date 
Funding Round 
Investors 
Money Raised 
Lead 
Norwest Equity Partners (NEP)

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Closed End Investments

Subsector

Closed End Investments

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Financial Services, Venture Capital, Finance

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count Of Investments

108

count Of Exists

56
Co-Investors
Investors
3
1

Number of lead investors

3

Number of investors

Investor 
Lead 
Round 
Partners 
Norwest Mezzanine Partners

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Investment Banking and Brokerage Services

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Asset Managers and Custodians

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People

Employee Profiles
2
Ronald Cundy

Ronald Cundy

Co-President & Co-Founder

Raymond Carnes

Raymond Carnes

Co-Founder

Activity

Recent News
1