What is JEM Technical?
JEM Technical is a family-owned manufacturer based in Orono, Minnesota, specializing in custom hydraulic fluid power systems. With approximately 100 employees, the company designs and manufactures custom valves and controls for Fluid Power Applications, maintaining end-to-end process control to mitigate risks and reduce project costs for clients. JEM Technical is dedicated to advancing OEM and end-user solutions through its Fluid Power and Controls applications, collaborating with customers to deliver affordable, accurate, and reliable manufacturing and distribution strategies. The company serves a diverse range of industries including Lawn & Turf, Construction, Forestry, Mining, Aerial & Crane, Marine, Agriculture, Truck, Special testing, and Industrial sectors.
How much funding has JEM Technical raised?
JEM Technical has raised a total of $1M across 1 funding round:
Debt
$1M
Debt (2020): $1M with participation from PPP
Key Investors in JEM Technical
PPP
Public-Private Partnership
What's next for JEM Technical?
The recent major strategic investment signals a pivotal growth phase for JEM Technical. This capital infusion is likely to fuel further development of its custom hydraulic fluid power systems and expand its market reach within its key industrial segments. The company's commitment to in-house control from design to manufacturing positions it for enhanced operational efficiency and innovation, potentially leading to new product lines or enhanced capabilities in Fluid Power and Controls applications. This strategic backing will enable JEM Technical to solidify its competitive advantage and pursue new opportunities for expansion and technological advancement.
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