How Much Did Tomo Drug Testing Raise?
Funding & Key Investors

Tomo Drug Testing has solidified its position as a critical infrastructure provider in the occupational health sector, recently securing a major strategic investment. This latest capital injection brings the firm's total funding to $350K, with the most recent round contributing $350K to its balance sheet. As the organization continues to scale its national footprint, this financial backing underscores investor confidence in the company's long-term viability within the highly regulated drug and alcohol screening market.

What is Tomo Drug Testing?

Tomo Drug Testing
Healthcare ServicesMedical Laboratories & Imaging Centers

Established in 1991, Tomo Drug Testing operates as a comprehensive provider of drug and alcohol screening services, specializing in Department of Transportation (DOT) compliance and Drug-Free Workplace programs. The company serves a diverse clientele across both public and private sectors, offering a robust suite of solutions that includes onsite testing, program administration, and judicial services. By maintaining a widespread network of locations throughout the United States, Tomo ensures that organizations can effectively manage risk, maintain regulatory adherence, and foster safer environments for employees and the public alike. Their operational model is built on the dual pillars of convenience and accuracy, which are essential for high-stakes compliance environments.

How much funding has Tomo Drug Testing raised?

Tomo Drug Testing has raised a total of $350K across 1 funding round:

2020

Debt

$350K

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

Key Investors in Tomo Drug Testing

PPP

Public-Private Partnership

What's next for Tomo Drug Testing?

With this late-stage funding, Tomo Drug Testing is well-positioned to accelerate its strategic growth initiatives and enhance its technological infrastructure. The company is expected to leverage this capital to optimize its program administration platforms and potentially expand its service delivery capabilities to meet the evolving demands of workplace safety regulations. By focusing on operational efficiency and market penetration, Tomo aims to reinforce its status as a premier partner for entities requiring rigorous, reliable, and scalable screening solutions. The infusion of resources will likely support the integration of advanced diagnostic tools and the expansion of its national service network, ensuring the firm remains at the forefront of the occupational health industry.

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Frequently Asked Questions Regarding Tomo Drug Testing Financial Insights

What are the most recent funding rounds that Tomo Drug Testing has completed, and what were the funding rounds?
Tomo Drug Testing has recently completed 1 funding rounds: Debt on Apr 3, 2020.
What is the total amount of funding Tomo Drug Testing has raised to date?
Tomo Drug Testing has raised a total of $350K in funding to date.
How many funding rounds has Tomo Drug Testing completed?
Tomo Drug Testing has completed 1 funding rounds.
How much funding did Tomo Drug Testing raise in its most recent funding round?
Tomo Drug Testing raised $350K in its most recent funding round.
Who are the lead investors in Tomo Drug Testing's latest funding round?
The lead investor in Tomo Drug Testing'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 Tomo Drug Testing's history?
The largest funding round in Tomo Drug Testing's history was $350K.
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