How Much Did State Line Foundries Raise?
Funding & Key Investors

State Line Foundries has successfully secured a significant capital injection, bringing its cumulative financial backing to $1.1M. This latest major strategic investment of $798K underscores the firm's robust position within the heavy manufacturing sector. By leveraging this influx of liquidity, the organization aims to fortify its production capabilities and expand its footprint in the high-mix, low-to-medium volume iron casting market, ensuring long-term operational stability.

What is State Line Foundries?

State Line Foundries
ManufacturingBuilding MaterialsIndustrial Machinery & Equipment

Based in Northern Illinois, State Line Foundries operates as a specialized manufacturer with over five decades of expertise in ductile and gray iron casting. The company distinguishes itself through a high-precision approach, capable of producing components weighing up to 2,500 pounds. With critical certifications including ISO 9001:2015 and ABS, the firm serves a diverse array of industrial clients, particularly those in the marine and offshore sectors. Their service model is built on rapid prototyping and the seamless integration of existing foundry tooling, positioning them as a vital link in the industrial supply chain for finished, assembly-ready parts.

How much funding has State Line Foundries raised?

State Line Foundries has raised a total of $1.1M across 2 funding rounds:

2020

Debt

$350K

2021

Debt

$798K

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

Debt (2021): $798K led by PPP

Key Investors in State Line Foundries

PPP

Public-Private Partnership

What's next for State Line Foundries?

With the recent infusion of capital, State Line Foundries is poised to optimize its manufacturing throughput and enhance its technological infrastructure. The strategic focus will likely shift toward scaling production efficiency to meet the increasing demand for high-quality, certified iron castings. By prioritizing the modernization of its foundry processes and maintaining its rigorous quality standards, the company is well-positioned to capture additional market share in the marine and offshore industries. Future growth will be driven by the firm's ability to translate its deep technical heritage into scalable, high-volume production solutions that address the evolving needs of its enterprise-level clientele.

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Frequently Asked Questions Regarding State Line Foundries Financial Insights

What are the most recent funding rounds that State Line Foundries has completed, and what were the funding rounds?
State Line Foundries has recently completed 2 funding rounds: Debt on Jan 23, 2021, Debt on Apr 11, 2020.
What is the total amount of funding State Line Foundries has raised to date?
State Line Foundries has raised a total of $1.1M in funding to date.
How many funding rounds has State Line Foundries completed?
State Line Foundries has completed 2 funding rounds.
How much funding did State Line Foundries raise in its most recent funding round?
State Line Foundries raised $798K in its most recent funding round.
Who are the lead investors in State Line Foundries's latest funding round?
The lead investor in State Line Foundries'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 State Line Foundries's history?
The largest funding round in State Line Foundries's history was $798K.
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