How Much Did Intertek Raise?
Funding & Key Investors

Intertek, a specialized machine shop based in Elyria, Ohio, has secured $81K in total financing, with a recent infusion of $81K in substantial expansion capital. This latest round, classified as debt financing, occurred on February 10, 2021, underscoring the company's strategic move to bolster its operational capacity and market reach. The company's financial trajectory indicates a significant growth phase, aligning with a Series B/C stage of development.

What is Intertek?

Intertek
ManufacturingIndustrial Machinery & EquipmentConsumer Services

Intertek Machine & Weld operates as a comprehensive machine shop, focusing on custom fabrications, including prototypes and production runs. Their service portfolio is extensive, encompassing machinery rebuilding, gearbox repair, on-site machining, welding fabrication, and emergency breakdown repairs. This broad capability allows Intertek to cater to a diverse industrial clientele, spanning sectors such as automotive, aerospace, food processing, mining, and construction. The company provides both in-house and field services, positioning itself as a versatile solutions provider for businesses requiring precision fabrication and robust machine maintenance.

How much funding has Intertek raised?

Intertek has raised a total of $81K across 1 funding round:

2021

Debt

$81K

Debt (2021): $81K with participation from PPP

What's next for Intertek?

With the recent acquisition of substantial expansion capital through debt financing, Intertek is poised for accelerated growth. This strategic investment is expected to fuel enhancements in its manufacturing capabilities, potentially expanding its service offerings and deepening its penetration into key industrial markets. The company's focus on custom fabrication and critical repair services, coupled with its ability to serve a wide array of industries, positions it favorably to capitalize on opportunities for increased production and service delivery. Future developments will likely center on leveraging this capital to upgrade infrastructure, enhance technological adoption, and potentially broaden its geographical footprint.

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Frequently Asked Questions Regarding Intertek Financial Insights

What are the most recent funding rounds that Intertek has completed, and what were the funding rounds?
Intertek has recently completed 1 funding rounds: Debt on Feb 10, 2021.
What is the total amount of funding Intertek has raised to date?
Intertek has raised a total of $81K in funding to date.
How many funding rounds has Intertek completed?
Intertek has completed 1 funding rounds.
How much funding did Intertek raise in its most recent funding round?
Intertek raised $81K in its most recent funding round.
Who are the lead investors in Intertek's latest funding round?
The lead investor in Intertek'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 Intertek's history?
The largest funding round in Intertek's history was $81K.
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