About AK Steel
AK Steel is a company based in West Chester (United States) founded in 1899 was acquired by Cleveland-Cliffs in December 2019.. AK Steel has completed 2 acquisitions, including Precision PartnersHome and Severstal.
- Headquarter West Chester, United States
- Stage Public
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$350 M (USD), Debt – Venture
Nov 15, 2012
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Precision PartnersHome
& 1 more
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Acquired by
Cleveland-Cliffs
(Dec 03, 2019)
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Operations Team
49 people
Software Development Team
46 people
Human Resources and Administration
32 people
Leadership Team
23 people
Senior Team
23 people
Finance and Accounting
22 people
Section Team
12 people
Sales and Marketing
7 people
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Funding Insights of AK Steel
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Venture — $350.0M
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First Round
First Round
(15 Nov 2012)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2012 | Amount | Debt – Venture - AK Steel | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AK Steel
AK Steel has secured backing from 1 investor. Prominent investors backing the company include Cleveland-Cliffs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Iron ore pellets and HBI are produced in North America.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AK Steel
AK Steel has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Precision PartnersHome and Severstal. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Automotive metal components have been manufactured since 1998.
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1998 | ||||
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Vertically integrated steel production and mining operations are conducted.
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1955 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - AK Steel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ak Steel Comparisons
Competitors of AK Steel
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about AK Steel
When was AK Steel founded?
AK Steel was founded in 1899 and raised its 1st funding round 113 years after it was founded.
Where is AK Steel located?
AK Steel is headquartered in West Chester, United States. It is registered at West Chester, Pennsylvania, United States.
What does AK Steel do?
AK Steel is a steel plant offering producer of carbon, stainless, electrical, innovative materials, mechanical tubing, antimicrobial steel and steel stamping products such as flat-rolled, electrical, tubular, automotive, electrical power generation, die design, tooling and hot cold stamped components. Their clientele includes individuals and business in the US, Canada, Europe and Mexico. In 2019, the company recorded annual revenues of 6.35B, and a net profit of 0.01B.
How many acquisitions has AK Steel made?
AK Steel has made 2 acquisitions, including Precision PartnersHome, and Severstal.
Who are AK Steel's investors?
AK Steel has 1 investor. Key investors include Cleveland-Cliffs.