How Much Did Torque Raise?
Funding & Key Investors

Torque, a prominent player in the industrial clutch and brake distribution sector, has secured significant capital, with total funding reaching $150K. The company recently announced a $150K round, characterized as a major strategic investment, underscoring its established market position and future growth potential. This latest financing round follows a history of capital injections, including a notable debt financing of $150M in April 2020.

What is Torque?

Torque
ManufacturingIndustrial Machinery & EquipmentAutomobile Parts Stores

Torque Inc. stands as the world's largest distributor of Wichita Clutch and Industrial Clutch products, boasting a 74-year legacy in providing robust and dependable clutch and brake solutions. The company distinguishes itself through its extensive inventory, holding the most comprehensive global stock of clutch items, thereby ensuring rapid access to essential parts. Torque Inc. operates as an authorized Master Distributor for Wichita and Industrial Clutch, offering unparalleled technical support and customer service. Their direct engagement model ensures professional engineers are readily available to address client needs and devise customized solutions, solidifying their reputation for best-in-class offerings.

How much funding has Torque raised?

Torque has raised a total of $150K across 1 funding round:

2020

Debt

$150K

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

What's next for Torque?

The substantial capital infusion, particularly the recent major strategic investment, positions Torque for significant expansion and operational enhancement. As a company with a long-standing history and a dominant market share in clutch distribution, this financing is likely to fuel initiatives aimed at further solidifying its leadership, potentially through technological advancements, expanded distribution networks, or strategic acquisitions. The late-stage funding context suggests a focus on scaling operations and capitalizing on existing market strengths to drive sustained revenue growth and profitability.

See full Torque company page
See More Financial Insights
No matching results.
Refine your search.

Additional financial insights in the Manufacturing industry

ManufacturingTelecommunication Equipment
AppliancesManufacturing
Industrial Machinery & EquipmentManufacturingAutomobile Parts StoresRetailAutomotive Service & Collision RepairConsumer Services
Food & BeverageManufacturingRetailGrocery Retail

Frequently Asked Questions Regarding Torque Financial Insights

What are the most recent funding rounds that Torque has completed, and what were the funding rounds?
Torque has recently completed 1 funding rounds: Debt on Apr 15, 2020.
What is the total amount of funding Torque has raised to date?
Torque has raised a total of $150K in funding to date.
How many funding rounds has Torque completed?
Torque has completed 1 funding rounds.
How much funding did Torque raise in its most recent funding round?
Torque raised $150K in its most recent funding round.
Who are the lead investors in Torque's latest funding round?
The lead investor in Torque'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 Torque's history?
The largest funding round in Torque's history was $150K.
See more information about Torque