Groton-based precision gear manufacturer Insco has raised $1.29 million.
The private raise occurred April 1 and involved 10 investors, according to a Thursday filing with the U.S. Securities and Exchange Commission.
Founded in 1952, Insco manufactures precision gears designed to improve machine efficiency and reduce noise. The company operates a 65,000-square-foot facility producing products including hobs, grinding wheels and spur gears.
A request for comment from Insco was not returned. The filing did not disclose the investors, amount of equity sold, or intended purpose of the $1.29 million.
Mica Kanner-Mascolo is a staff writer at Worcester Business Journal, who primarily covers the healthcare, manufacturing, and higher education industries.
