How Much Did Durite Screw Raise?
Funding & Key Investors

Durite Screw Corporation has secured $72K in total capital, with a recent infusion of $72K described as substantial expansion capital. This financing marks a significant stage for the company, aligning with typical Series B/C funding rounds, and is poised to fuel its strategic growth initiatives in the precision manufacturing sector.

The company's latest funding round, which occurred on February 12, 2021, involved a debt financing of $72M, indicating a strategic move to bolster its operational capacity and market reach.

What is Durite Screw?

Durite Screw
ManufacturingIndustrial Machinery & Equipment

Durite Screw Corporation is a seasoned player in the custom precision manufacturing and CNC machining industry, with a specialization in CNC Swiss machining. Established in 1945, the company has cultivated nearly eight decades of expertise, earning a robust reputation for delivering high-quality machining solutions. Durite Screw serves a diverse array of industries, including transportation, food processing, and marine applications, from its advanced facility in Chicago, Illinois. Its commitment to excellence is underscored by its ISO 9001:2000 certification, ensuring consistent quality and precision in all its tailored solutions.

How much funding has Durite Screw raised?

Durite Screw has raised a total of $72K across 1 funding round:

2021

Debt

$72K

Debt (2021): $72K with participation from PPP

What's next for Durite Screw?

With the recent substantial expansion capital, Durite Screw is strategically positioned for accelerated growth and enhanced operational capabilities. This investment is expected to support the company's ongoing commitment to quality and precision in custom manufacturing, potentially enabling further technological advancements in its CNC machining services. The company's strong foundation, built over nearly 80 years, combined with this significant financial backing, suggests a trajectory focused on expanding its market share and deepening its service offerings to meet the evolving demands of its industrial clientele.

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Frequently Asked Questions Regarding Durite Screw Financial Insights

What are the most recent funding rounds that Durite Screw has completed, and what were the funding rounds?
Durite Screw has recently completed 1 funding rounds: Debt on Feb 12, 2021.
What is the total amount of funding Durite Screw has raised to date?
Durite Screw has raised a total of $72K in funding to date.
How many funding rounds has Durite Screw completed?
Durite Screw has completed 1 funding rounds.
How much funding did Durite Screw raise in its most recent funding round?
Durite Screw raised $72K in its most recent funding round.
Who are the lead investors in Durite Screw's latest funding round?
The lead investor in Durite Screw'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 Durite Screw's history?
The largest funding round in Durite Screw's history was $72K.
See more information about Durite Screw