What is iTOOLco?
Invented by Electricians for Electricians, iTOOLco, formerly Innovative Tool, has dedicated years to enhancing the professional lives of electrical tradesmen through its innovative product line. The company's core mission revolves around developing tools that demonstrably increase safety, reduce labor time, minimize worker effort, and ultimately improve job site outcomes for contractors and their employees. iTOOLco's ingenious tooling is designed to deliver measurable advantages and introduce significant innovation directly to the job site, catering specifically to the needs of the electrical trade.
How much funding has iTOOLco raised?
iTOOLco has raised a total of $799K across 2 funding rounds:
Debt
$350K
Debt
$449K
Debt (2020): $350K with participation from PPP
Debt (2021): $449K led by PPP
Key Investors in iTOOLco
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for iTOOLco?
The substantial enterprise-level funding and recent strategic investment signal a strong growth trajectory for iTOOLco. This capital infusion is expected to fuel further product development, enhance manufacturing capabilities, and expand market reach. The company's focus on safety, efficiency, and innovation for electricians positions it for continued success in a market that values practical, time-saving solutions. Future initiatives will likely concentrate on broadening the product portfolio and strengthening distribution channels to solidify its leadership in specialized electrical tooling.
See full iTOOLco company page
