What is Southeast Tool & Machine?
Established in 1983 and based in the Milwaukee area, Southeast Tool & Machine operates as a specialized job shop. The company excels in both tool and die work, alongside small to medium lot contract CNC machining. Their expertise encompasses metal stamping dies, die cast trim dies, jigs and fixtures, and small lot contract machining. Employing a team of eight, including five toolmakers and three machinists/operators, Southeast Tool & Machine leverages advanced capabilities with three CNC lathes (up to 24" swing, 72" between centers), a CNC machining center, small knee-style CNC mills (14"x22"x20" ht cube capacity), and a WEDM, complemented by a full suite of manual machines. Their design software is AutoCad, enabling compatibility with DWG and DXF files.
How much funding has Southeast Tool & Machine raised?
Southeast Tool & Machine has raised a total of $66K across 1 funding round:
Debt
$66K
Debt (2021): $66K with participation from PPP
What's next for Southeast Tool & Machine?
The recent substantial expansion capital, positioning Southeast Tool & Machine at a significant Series B/C stage, suggests a strategic focus on scaling operations and potentially enhancing manufacturing capacity or technological adoption. This investment is likely earmarked for expanding their contract machining services, acquiring new equipment to handle larger or more complex projects, or entering new market segments within the industrial manufacturing sector. The company's established history and specialized skill set provide a strong foundation for leveraging this financing to drive future growth and solidify its market position.
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