T18 Capital, Inc. to invest significant capital following successful fundraising venture
CERRITOS, Calif. – March 7, 2017 – Toolots, Inc., a California-based online distributor of industrial machinery, tools and technology, entered an agreement with an investment firm Tuesday to inject capital into the enterprise following completion of a successful fundraising campaign. Members of the Toolots Board of Directors, including Founder, Chief Executive Officer and Board Chairman Jason Fu, were on hand to sign the agreement, which injects a significant yet undisclosed amount of capital into the enterprise.
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- Toolots Inc. and T18 Capital joined forces to inject additional capital into the California company
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- The signing followed completion of a successful Toolots fundraising campaign
Toolots partnered with T18 Capital, Inc. for the fundraising venture, which will help support the company’s initiative to enter sales agreements with more than 100 American manufacturing companies by the year’s end. So far in 2017, Toolots has achieved over 20 percent of that goal, partnering with small to medium-sized manufacturers based in the United States to distribute their products both domestically and internationally.
About Toolots
Toolots, headquartered in Cerritos, California, offers an online marketplace and international distribution channel for factory-direct industrial tools, machinery, and technology. The user-friendly platform provides fast, easy access to high-quality, affordable equipment to manufacturers. Toolots’ comprehensive services streamline the purchase, delivery, installation and warranty of industrial technology, machinery and components, and uphold the quality of important goods through a vetted network of vendors and service technicians. The company’s dedication to fostering international trade relations passes on cost savings to the consumer, contributes to reduced downtime, improves productivity and expands a manufacturer’s reach. Toolots has strategically located warehouses, showrooms, and offices across the United States and China. For more information about Toolots, visit their website at www.toolots.com.
