What is Soiltesting?
Established in 1958, Soiltesting operates as a premier geotechnical drilling contractor, providing critical subsurface intelligence for the construction and engineering sectors. The company occupies a vital niche in the industrial and municipal landscape, offering specialized services such as foundation settlement correction, underpinning, and the installation of structural anchors and piles. By leveraging advanced drilling technology, Soiltesting mitigates construction risk for large-scale commercial and residential projects, ensuring structural integrity through rigorous environmental and geotechnical analysis. Their regional footprint, spanning Southern New England, New York, and New Jersey, positions them as a foundational partner for infrastructure development.
How much funding has Soiltesting raised?
Soiltesting has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Soiltesting
PPP
Public-Private Partnership
What's next for Soiltesting?
Following this major strategic investment, Soiltesting is well-positioned to modernize its fleet and expand its technical capabilities in foundation remediation. The capital will likely be deployed to enhance the firm's proprietary drilling methodologies, allowing for greater efficiency in complex urban environments where subsurface conditions are increasingly challenging. As the demand for resilient infrastructure grows, the company is expected to leverage its deep historical expertise to capture a larger share of the municipal and industrial construction market. Future growth will likely focus on integrating digital subsurface mapping tools to provide clients with higher-fidelity data, further cementing the company's reputation as a leader in geotechnical engineering and site feasibility.
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