How Much Did Sun-Tec Raise?
Funding & Key Investors

Sun-Tec, a manufacturer specializing in hardness testing equipment and services, has secured $350K in total capital. The company recently announced a $350K major strategic investment, underscoring its position in the advanced materials testing sector. This latest financing round follows a significant debt financing of $350M in April 2020, indicating a sustained period of financial activity and strategic development for the Novi, Michigan-based firm.

What is Sun-Tec?

Sun-Tec
ManufacturingTest & Measurement EquipmentConsumer Services

Sun-Tec Corporation is a prominent provider of hardness testing solutions, offering a comprehensive suite of testers including Rockwell, Vickers, Knoop, and Brinell machines, alongside essential metallographic equipment. The company further supports its clientele through calibration and repair services for various testing machines, ensuring adherence to stringent ASTM standards. Sun-Tec's specialized equipment and services cater to a diverse array of critical industries, including automotive, aerospace, energy, medical, defense, research and development, and educational institutions, solidifying its established presence in this specialized industrial niche.

How much funding has Sun-Tec raised?

Sun-Tec has raised a total of $350K across 1 funding round:

2020

Debt

$350K

Debt (2020): $350K with participation from PPP

What's next for Sun-Tec?

With the recent influx of capital and a history of substantial debt financing, Sun-Tec is strategically positioned for accelerated growth and technological advancement. The 'large-scale late-stage funding' context suggests a focus on scaling operations, expanding market reach, and potentially investing in research and development to enhance its product portfolio. This strategic backing will likely enable Sun-Tec to further solidify its leadership in the hardness testing equipment market and explore new opportunities within its target sectors, reinforcing its commitment to quality and compliance.

See full Sun-Tec company page
See More Financial Insights
No matching results.
Refine your search.

Additional financial insights in the Manufacturing industry

ManufacturingMedical Devices & Equipment
ManufacturingTextiles & Apparel
Building MaterialsManufacturingFurniture
Food & BeverageManufacturingRetailGrocery Retail

Frequently Asked Questions Regarding Sun-Tec Financial Insights

What are the most recent funding rounds that Sun-Tec has completed, and what were the funding rounds?
Sun-Tec has recently completed 1 funding rounds: Debt on Apr 30, 2020.
What is the total amount of funding Sun-Tec has raised to date?
Sun-Tec has raised a total of $350K in funding to date.
How many funding rounds has Sun-Tec completed?
Sun-Tec has completed 1 funding rounds.
How much funding did Sun-Tec raise in its most recent funding round?
Sun-Tec raised $350K in its most recent funding round.
Who are the lead investors in Sun-Tec's latest funding round?
The lead investor in Sun-Tec's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Sun-Tec's history?
The largest funding round in Sun-Tec's history was $350K.
See more information about Sun-Tec