What is KOR-IT?
Established in 1958, KOR-IT is a prominent manufacturer specializing in diamond tools and core drill machines. The company's comprehensive product portfolio includes core drill machines, diamond core bits, diamond saw blades, and walk-behind saws, all engineered to meet the rigorous demands of the concrete cutting industry. KOR-IT distinguishes itself by offering expert technical support, custom design solutions, and a streamlined e-commerce experience, serving a diverse clientele of contractors and engineers who rely on precision and efficiency in their operations.
How much funding has KOR-IT raised?
KOR-IT has raised a total of $295K across 2 funding rounds:
Debt
$150K
Debt
$145K
Debt (2020): $150K with participation from PPP
Debt (2021): $145K led by PPP
What's next for KOR-IT?
The substantial late-stage funding KOR-IT has attracted, particularly the recent major strategic investment, signals a phase of significant operational scaling and potential market expansion. This capital infusion is likely to fuel advancements in product development, enhance manufacturing capabilities, and strengthen its distribution network. As a company with decades of experience, this strategic financing positions KOR-IT to further solidify its leadership in the diamond tool and concrete cutting machinery sector, potentially exploring new technological integrations or market penetration strategies.
See full KOR-IT company page
