What is Criterion Laboratories?
Criterion Laboratories operates as a premier provider of environmental testing and consulting services, addressing complex regulatory requirements for asbestos, lead, mold, and air quality. By leveraging a team of certified Industrial Hygienists and Environmental Scientists, the company bridges the gap between laboratory precision and field-based compliance assistance. Their business model is multifaceted, integrating high-throughput analytical testing with specialized training programs for environmental professionals. This dual-pronged approach ensures that clients across various industries maintain strict adherence to environmental standards while benefiting from the firm's deep technical expertise in water quality and hazardous material assessment.
How much funding has Criterion Laboratories raised?
Criterion Laboratories has raised a total of $853K across 2 funding rounds:
Debt
$350K
Debt
$503K
Debt (2020): $350K with participation from PPP
Debt (2021): $503K led by PPP
Key Investors in Criterion Laboratories
PPP
Public-Private Partnership
What's next for Criterion Laboratories?
With the recent influx of capital, Criterion Laboratories is well-positioned to expand its footprint in the environmental compliance market. The strategic focus will likely shift toward upgrading laboratory automation to increase throughput and expanding its accredited training curriculum to meet rising demand for certified environmental professionals. As regulatory scrutiny regarding air and water quality intensifies, the company is poised to leverage its established reputation to capture additional market share. Future growth will be driven by the integration of advanced diagnostic technologies and the potential for geographic expansion into new territories, ensuring that Criterion remains a cornerstone of industrial safety and environmental stewardship.
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