IntegriCert Funding: How Much Did They Raise & Key Investors

How Much Did IntegriCert Raise?
Funding & Key Investors

IntegriCert, a prominent player in the Portable Load Testing sector, has secured $990K in total enterprise-level funding. The company recently announced a significant strategic investment of $640K, underscoring its continued growth and market position. This latest financing round, which closed on February 2, 2021, follows previous debt financing, indicating a strategic shift or expansion in IntegriCert's capital structure. The company's ability to attract substantial capital highlights its critical role in providing essential testing services for industries such as transit cargo, oilfield services, and offshore operations.

What is IntegriCert?

IntegriCert

Business Services

Research & Development

Consumer Services

IntegriCert specializes in the portable load testing of critical equipment, including transit cargo containers, oilfield services equipment, skid units, connex shipping containers, and wire rope slings. The company is a key supplier of rigging hardware and high-quality wire rope, providing essential mill test documentation for its products. A notable achievement for IntegriCert is its DNV Type Approval for the design and fabrication of lifting sets for offshore containers, a certification that emphasizes the company's commitment to safety, efficiency, and timely delivery in demanding environments. Their advanced portable load test units are capable of testing equipment up to 110,000 lbs, serving the rigorous requirements of offshore service companies.

How much funding has IntegriCert raised?

IntegriCert has raised a total of $990K across 2 funding rounds:

2020

Debt

$350K

2021

Debt

$640K

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

Debt (2021): $640K led by PPP

What's next for IntegriCert?

With the recent major strategic investment, IntegriCert is poised for further expansion and enhancement of its service offerings. The capital infusion is expected to fuel advancements in their portable load testing technology and potentially broaden their market reach within the oilfield services and offshore sectors. This strategic backing suggests a focus on scaling operations, investing in research and development for more advanced testing solutions, and reinforcing their compliance with stringent industry standards like DNV Type Approval. IntegriCert's trajectory indicates a commitment to solidifying its leadership in specialized load testing services.

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