How Much Did JH Benedict Raise?
Funding & Key Investors

JH Benedict, a cornerstone of the American industrial manufacturing sector, has successfully secured a significant capital injection to bolster its operational capabilities. With a cumulative total funding amount reaching $951K, the firm continues to demonstrate robust financial health. The most recent strategic investment of $601K underscores the company's commitment to maintaining its competitive edge in high-end CNC machining and precision engineering services.

What is JH Benedict?

JH Benedict
ManufacturingIndustrial Machinery & Equipment

Established in 1945 and headquartered in East Peoria, Illinois, JH Benedict operates as a premier provider of advanced manufacturing solutions. Spanning an 80,000 square foot facility, the company offers a comprehensive suite of services including milling, waterjet cutting, fabrication, grinding, design, EDM, turning, and robotics. By integrating traditional craftsmanship with modern robotic automation, JH Benedict serves a diverse client base across the United States, solidifying its reputation as a value-added partner for complex prototype development and critical industrial repairs.

How much funding has JH Benedict raised?

JH Benedict has raised a total of $951K across 2 funding rounds:

2020

Debt

$350K

2021

Debt

$601K

Debt (2020): $350K with participation from PPP

Debt (2021): $601K led by PPP

Key Investors in JH Benedict

PPP

Public-Private Partnership

What's next for JH Benedict?

The infusion of capital positions JH Benedict to accelerate its modernization initiatives and expand its footprint in the precision manufacturing market. As the company transitions into its next phase of growth, management is expected to prioritize the integration of advanced robotics and digital design workflows to enhance throughput and precision. This strategic allocation of resources will likely focus on scaling production capacity to meet the increasing demand for high-end prototypes, ensuring the firm remains a vital employer and a technological leader in the Central Illinois industrial corridor.

See full JH Benedict company page
See More Financial Insights
No matching results.
Refine your search.

Additional financial insights in the Manufacturing industry

ManufacturingTelecommunication EquipmentSecurity SoftwareSoftware
ManufacturingMedical Devices & EquipmentBusiness ServicesResearch & Development
Industrial Machinery & EquipmentManufacturingAutomotive Parts
Industrial Machinery & EquipmentManufacturing

Frequently Asked Questions Regarding JH Benedict Financial Insights

What are the most recent funding rounds that JH Benedict has completed, and what were the funding rounds?
JH Benedict has recently completed 2 funding rounds: Debt on Jan 25, 2021, Debt on Apr 9, 2020.
What is the total amount of funding JH Benedict has raised to date?
JH Benedict has raised a total of $951K in funding to date.
How many funding rounds has JH Benedict completed?
JH Benedict has completed 2 funding rounds.
How much funding did JH Benedict raise in its most recent funding round?
JH Benedict raised $601K in its most recent funding round.
Who are the lead investors in JH Benedict's latest funding round?
The lead investor in JH Benedict'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 JH Benedict's history?
The largest funding round in JH Benedict's history was $601K.
See more information about JH Benedict