Elmet Technologies
About Elmet Technologies
Elmet Technologies is a company based in Lewiston (United States) founded in 1929 was acquired by Anania & Associates Investment Company in February 2015.. The company has 178 employees as of December 31, 2021. Elmet Technologies has completed 2 acquisitions, including H.C. Starck and Jevco International. Elmet Technologies offers products and services including Molybdenum Products and Tungsten Products.
- Headquarter Lewiston, United States
- Employees 178 as on 31 Dec, 2021
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Phone
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Website
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Social
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- Legal Name Elmet Technologies
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$10 M (USD), Debt – Conventional
Jun 29, 2017
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Investors
MidCap Business Credit
& 1 more
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Employee Count
178
as on Dec 31, 2021
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Investments & Acquisitions
H.C. Starck
& 1 more
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Acquired by
Anania & Associates Investment Company
(Feb 04, 2015)
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Products & Services of Elmet Technologies
Elmet Technologies offers a comprehensive portfolio of products and services, including Molybdenum Products and Tungsten Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Molybdenum products are manufactured and supplied for industrial uses such as plates and rods
Tungsten products are produced and offered in forms like sheets and wires for high-performance applications
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Funding Insights of Elmet Technologies
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $10.0M
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First Round
First Round
(29 Jun 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Debt – Conventional - Elmet Technologies | Valuation |
investors |
| 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 Elmet Technologies
Elmet Technologies has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include MidCap Business Credit and The Elmet Group. 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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A private equity firm focused on advanced manufacturing growth.
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Founded Year | Domain | Location | |
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Working capital loans are provided to US manufacturers and distributors.
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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 Elmet Technologies
Elmet Technologies has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include H.C. Starck and Jevco International. 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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International operations are managed from Auburn since 1997.
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1997 | ||||
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Tungsten powders, compounds, and carbides are manufactured for industrial uses.
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1920 |
| 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 - Elmet Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Elmet Technologies Comparisons
Competitors of Elmet Technologies
| 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 Elmet Technologies
When was Elmet Technologies founded?
Elmet Technologies was founded in 1929 and raised its 1st funding round 88 years after it was founded.
Where is Elmet Technologies located?
Elmet Technologies is headquartered in Lewiston, United States.
How many employees does Elmet Technologies have?
As of Dec 31, 2021, the latest employee count at Elmet Technologies is 178.
What does Elmet Technologies do?
Elmet Technologies was founded in 1929 and is based in Lewiston, United States. Operations focus on the manufacturing sector, where high-performance metals such as molybdenum and tungsten are produced. Standard mill products and precision machined components form the core offerings. Advanced automated manufacturing and vision control systems are employed in production processes. Research and development efforts in molybdenum and tungsten materials are ongoing to expand technical knowledge.
What products or services does Elmet Technologies offer?
Elmet Technologies offers Molybdenum Products and Tungsten Products.
How many acquisitions has Elmet Technologies made?
Elmet Technologies has made 2 acquisitions, including H.C. Starck, and Jevco International.
Who are Elmet Technologies's investors?
Elmet Technologies has 2 investors. Key investors include MidCap Business Credit, and The Elmet Group.
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