What is King Tester?
King Tester specializes in the development and distribution of portable metal hardness testing equipment, including Brinell and Rockwell testers. With a legacy spanning over 90 years, the company is dedicated to helping manufacturers and metal processors adhere to stringent quality standards. Their reliable and user-friendly testing solutions are certified and calibrated, serving a diverse clientele from large corporations to smaller metal processing businesses. King Tester's equipment is critical for ensuring quality and safety in demanding sectors such as aerospace, automotive, and construction. Beyond product provision, the company offers essential calibration, repair services, and support resources, reinforcing its commitment to client success and industry best practices.
How much funding has King Tester raised?
King Tester has raised a total of $1.3M across 3 funding rounds:
Debt
$350K
Debt
$430K
Debt
$500K
Debt (2020): $350K with participation from PPP
Debt (2021): $430K led by PPP
Debt (2024): $500K supported by Byline Bank
Key Investors in King Tester
Byline Bank
Byline Bank is a financial institution that likely provides debt financing and banking services to established businesses, supporting their operational and growth needs.
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for King Tester?
The recent major strategic investment into King Tester, a company with a deep history in manufacturing quality assurance, suggests a phase of accelerated growth and potential market expansion. This capital infusion, alongside its total funding of $1.3M, will likely be directed towards enhancing product development, expanding distribution channels, and potentially exploring new technological advancements in hardness testing. The company's established reputation and focus on critical industries position it well to leverage this new financing for strengthening its market leadership and continuing its tradition of providing reliable, high-standard testing solutions.
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