What is Mod Tech Industries?
Mod Tech Industries (MTI), established in 1984 and based in Shawano, Wisconsin, is a specialized production machining company. MTI excels in machining grey and ductile iron castings, including advanced materials like Austempered Ductile Iron (ADI) and steel forgings. The company has cultivated robust relationships with local foundries and offers a comprehensive suite of services, encompassing precision production machining, material sourcing, heat treatment, and assembly. Operating from a modern 150,000 sq. ft. facility, MTI is committed to delivering high-quality solutions tailored to client specifications within the foundry industry.
How much funding has Mod Tech Industries raised?
Mod Tech Industries has raised a total of $1.2M across 2 funding rounds:
Debt
$350K
Debt
$833K
Debt (2020): $350K with participation from PPP
Debt (2021): $833K led by PPP
Key Investors in Mod Tech Industries
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Mod Tech Industries?
With the recent strategic investment and a history of substantial enterprise-level funding, Mod Tech Industries is strategically positioned for accelerated growth. The company's focus on advanced materials like ADI and its comprehensive service offerings, from machining to assembly, indicate a trajectory towards expanding its market share and potentially exploring new industry verticals that require high-precision casting and machining solutions. This capital infusion is expected to bolster operational capacity and support further technological advancements, reinforcing MTI's commitment to excellence and customer satisfaction.
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