How Much Did Great Lakes Testing Raise?
Funding & Key Investors

Great Lakes Testing has secured significant enterprise-level funding, with a total capital infusion of $744K. The company recently announced a major strategic investment of $394K, underscoring its robust growth trajectory and market position in the non-destructive testing sector. This latest financing round is expected to fuel further expansion and operational enhancements.

What is Great Lakes Testing?

Great Lakes Testing
Business ServicesResearch & DevelopmentConsumer Services

Great Lakes Testing, Inc. is a specialized provider of Non-Destructive Testing (NDT) services, offering critical solutions such as Radiographic Testing, Certified Weld Inspection, and Ultrasonic Testing. The company serves a diverse range of vital industries, including pipeline construction, fabrication shops, foundries, and military vehicle manufacturing, ensuring adherence to stringent quality and compliance standards. Furthermore, its dedicated Fire Division performs essential integrity tests on fire department ladders and aerial equipment. Great Lakes Testing distinguishes itself through its highly skilled personnel and an unwavering commitment to quality control, positioning it as a key player in industrial safety and compliance.

How much funding has Great Lakes Testing raised?

Great Lakes Testing has raised a total of $744K across 2 funding rounds:

2020

Debt

$350K

2021

Debt

$394K

Debt (2020): $350K with participation from PPP

Debt (2021): $394K led by PPP

What's next for Great Lakes Testing?

The substantial enterprise-level funding and recent strategic investment signal a period of accelerated growth and innovation for Great Lakes Testing. This capital infusion is likely to be directed towards expanding service capabilities, enhancing technological infrastructure, and potentially broadening its geographic reach. The company's focus on essential industries and regulatory compliance provides a stable foundation for future development, positioning it to capitalize on increasing demands for quality assurance and safety in manufacturing and infrastructure sectors. Strategic partnerships and further technological integration are anticipated as the company leverages its enhanced financial standing to solidify its market leadership.

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Frequently Asked Questions Regarding Great Lakes Testing Financial Insights

What are the most recent funding rounds that Great Lakes Testing has completed, and what were the funding rounds?
Great Lakes Testing has recently completed 2 funding rounds: Debt on Jan 21, 2021, Debt on Apr 4, 2020.
What is the total amount of funding Great Lakes Testing has raised to date?
Great Lakes Testing has raised a total of $744K in funding to date.
How many funding rounds has Great Lakes Testing completed?
Great Lakes Testing has completed 2 funding rounds.
How much funding did Great Lakes Testing raise in its most recent funding round?
Great Lakes Testing raised $394K in its most recent funding round.
Who are the lead investors in Great Lakes Testing's latest funding round?
The lead investor in Great Lakes Testing's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Great Lakes Testing's history?
The largest funding round in Great Lakes Testing's history was $394K.
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