How Much Did Test and Balancing Raise?
Funding & Key Investors

Test and Balancing, Inc. has secured significant capital, with total funding reaching $339K following its most recent investment of $189K. This major strategic investment underscores the company's established position in the HVAC air balancing sector.

What is Test and Balancing?

Test and Balancing
Business ServicesResearch & DevelopmentArchitecture, Engineering & Design

Test and Balancing, Inc. is a distinguished HVAC air balancing firm operating within the DMV area, offering AABC certified testing, adjusting, and balancing services since its inception in 1977. The company's expertise spans air, water, sound, and vibration testing, ensuring optimal building performance through high-quality workmanship and comprehensive reports. They cater to building owners, architects, mechanical engineers, and contractors, providing detailed analyses and solutions for maximum operational efficiency. Their services also include crucial ductwork leakage testing, adhering strictly to industry specifications, and building surveys to enhance energy conservation. The firm's enduring commitment to client satisfaction is evident in their personalized approach and transparent project communication.

How much funding has Test and Balancing raised?

Test and Balancing has raised a total of $339K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$189K

Debt (2020): $150K with participation from PPP

Debt (2021): $189K led by PPP

What's next for Test and Balancing?

The substantial capital infusion, characterized as a large-scale late-stage funding round, positions Test and Balancing, Inc. for accelerated growth and market expansion. This strategic backing is expected to fuel advancements in their service offerings, potentially enabling the adoption of new technologies for testing and balancing, and reinforcing their leadership in the HVAC efficiency market. The company is poised to leverage this investment to enhance its operational capabilities and solidify its reputation for excellence in the DMV region and beyond.

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Frequently Asked Questions Regarding Test and Balancing Financial Insights

What are the most recent funding rounds that Test and Balancing has completed, and what were the funding rounds?
Test and Balancing has recently completed 2 funding rounds: Debt on Feb 5, 2021, Debt on Apr 30, 2020.
What is the total amount of funding Test and Balancing has raised to date?
Test and Balancing has raised a total of $339K in funding to date.
How many funding rounds has Test and Balancing completed?
Test and Balancing has completed 2 funding rounds.
How much funding did Test and Balancing raise in its most recent funding round?
Test and Balancing raised $189K in its most recent funding round.
Who are the lead investors in Test and Balancing's latest funding round?
The lead investor in Test and Balancing'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 Test and Balancing's history?
The largest funding round in Test and Balancing's history was $189K.
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