Whitman Controls
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Whitman Controls Secures $4.5 Million Investment from Advantage Capital to Catalyze Business Growth
Whitman Controls, LLC., an industry leader in the custom design and manufacturing of pressure, vacuum, level, and temperature switches, announced it secured a $4.5 million investment led by leading impact investor Advantage Capital. The Bristol-based company will leverage the capital to support business growth initiatives and bring as many as 30 new jobs to the area.
The investment from Advantage Capital was made in connection with the InvestCT program, which opens up funding opportunities to entrepreneurs unable to attract traditional forms of capital. According to the Connecticut Department of Economic Community Development, the program created more than 1,500 jobs between 2016 and 2023. It has been instrumental in funneling financing to small businesses and targeted municipalities that have historically lacked investment, as well as pre-seed and early-stage businesses looking to get their start in the state.