What is PI?
PI operates as a multifaceted manufacturing and ecommerce conglomerate, demonstrating resilience and adaptability in a volatile global market. The company maintains a robust portfolio that spans diverse sectors, from medical and chiropractic therapy products under the PI Medical and Sealtech brands to the specialized manufacturing of pool components via Hydra Pools. Furthermore, the strategic acquisition of Knight Rifles highlights the firm's commitment to American-made manufacturing and brand revitalization. By leveraging a family-led management structure, PI effectively balances traditional industrial values with modern digital commerce strategies, ensuring consistent growth and high-quality output for its global customer base.
How much funding has PI raised?
PI has raised a total of $14.9M across 2 funding rounds:
Angel/Seed
$3.5M
Series A
$11.4M
Angel/Seed (2015): $3.5M, investors not publicly disclosed
Series A (2017): $11.4M led by Silicon Valley Bank, E14 Fund, and Nextview Ventures
Key Investors in PI
Silicon Valley Bank
SVB Financial Group offers commercial and private banking, asset management, private wealth management, brokerage and investment services, funds management, and business valuation services.
E14 Fund
E14 Fund is a venture capital firm affiliated with MIT that invests in early-stage companies founded by MIT alumni, faculty, and students.
Nextview Ventures
Nextview Ventures is a seed-stage venture capital firm that partners with founders to build iconic companies through hands-on support and strategic guidance.
What's next for PI?
Following this major enterprise-level funding, PI is poised to enter a phase of aggressive market expansion and operational optimization. The capital will likely be deployed to enhance the manufacturing capabilities of its Centerville, Iowa facility, thereby reducing lead times for the Hydra Pools division. Additionally, the firm is expected to further integrate its ecommerce platforms to capitalize on the growing demand for specialized therapy products. By maintaining its focus on high-quality, domestic production, PI aims to solidify its market position while exploring new product lines that align with its core mission of developing innovative ideas into tangible, market-ready solutions.
See full PI company page
