How Much Did King Tester Raise?
Funding & Key Investors

King Tester has secured $500K in a major strategic investment, contributing to a total funding amount of $1.3M. This recent capital infusion underscores the company's established position in the enterprise-level funding landscape, signaling a period of significant growth and strategic development for the firm.

What is King Tester?

King Tester
ManufacturingTest & Measurement EquipmentIndustrial Machinery & Equipment

King Tester is a distinguished provider of portable metal hardness testing equipment, specializing in Brinell and Rockwell testers. With a legacy spanning over 90 years, the company is dedicated to helping manufacturers and metal processors uphold 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 across critical sectors like aerospace, automotive, and construction. King Tester's commitment extends to comprehensive support, including calibration, repair services, and valuable resources designed to enhance client success.

How much funding has King Tester raised?

King Tester has raised a total of $1.3M across 3 funding rounds:

2020

Debt

$350K

2021

Debt

$430K

2024

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 needs and growth initiatives.

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for King Tester?

The recent major strategic investment positions King Tester for accelerated expansion and enhanced market penetration. This capital injection is expected to fuel advancements in their portable hardness testing technology and broaden their service offerings. With a strong foundation built on decades of experience and a commitment to quality, King Tester is poised to further solidify its leadership in the metal testing equipment industry, potentially exploring new markets and deepening relationships with key industrial partners.

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Frequently Asked Questions Regarding King Tester Financial Insights

What are the most recent funding rounds that King Tester has completed, and what were the funding rounds?
King Tester has recently completed 3 funding rounds: Debt on Jul 1, 2024, Debt on Jan 20, 2021, Debt on Apr 4, 2020.
What is the total amount of funding King Tester has raised to date?
King Tester has raised a total of $1.3M in funding to date.
How many funding rounds has King Tester completed?
King Tester has completed 3 funding rounds.
How much funding did King Tester raise in its most recent funding round?
King Tester raised $500K in its most recent funding round.
Who are the lead investors in King Tester's latest funding round?
The lead investor in King Tester's latest funding round was Byline Bank. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in King Tester's history?
The largest funding round in King Tester's history was $500K.
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