About PennEngineering
PennEngineering is a company based in Doylestown (United States) founded in 1942.. PennEngineering has raised $62.04 million across 1 funding round. The company has 766 employees as of December 31, 2021. PennEngineering has completed 5 acquisitions, including Fabristeel, Heyco and LinkTool Group. PennEngineering operates in a competitive market with competitors including Hillman Group, Deepak Fasteners, ForgeFix, Arrow Fastener and Hall-Fast, among others.
- Headquarter Doylestown, United States
- Employees 766 as on 31 Dec, 2021
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Sectors
Real Estate & Construction
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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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Total Equity Funding
$62.04 M (USD)
in 1 rounds
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Latest Funding Round
$62.04 M (USD), Series D
Jun 27, 2018
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Investors
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Employee Count
766
as on Dec 31, 2021
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Investments & Acquisitions
Fabristeel
& 4 more
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Software Development Team
16 people
Sales and Marketing
13 people
Human Resources and Administration
9 people
Finance and Accounting
7 people
Leadership Team
4 people
Legal and Compliance
3 people
Data Analysis and Operations Team
2 people
Business Team
2 people
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Funding Insights of PennEngineering
PennEngineering has successfully raised a total of $62.04M through 1 strategic funding round. The most recent funding activity was a Series D round of $62.04 million completed in June 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series D — $62.0M
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First Round
First Round
(27 Jun 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Series D - PennEngineering | 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 |
Investments & Acquisitions by PennEngineering
PennEngineering has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Fabristeel, Heyco and LinkTool Group. 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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Industrial tool manufacturing services are provided to various sectors.
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1978 | ||||
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Automotive fasteners are manufactured by Sherex in the United States.
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1978 | ||||
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Manufacturer and supplier of quick release pins
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1972 |
| 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 - PennEngineering
| 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 |
Pennengineering Comparisons
Competitors of PennEngineering
PennEngineering operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hillman Group, Deepak Fasteners, ForgeFix, Arrow Fastener and Hall-Fast, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Hardware and home improvement products are supplied to retail markets.
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| domain | founded_year | HQ Location |
High-strength industrial fasteners, such as bolts and screws, are manufactured.
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| domain | founded_year | HQ Location |
Fixings and fasteners are supplied by ForgeFix to construction sectors.
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| domain | founded_year | HQ Location |
Brand of stapling tools and fasteners
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| domain | founded_year | HQ Location |
Manufactures and supplies fasteners, clips, hose clamps, seals and other equipment
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| 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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Latest news on Pennengineering
Frequently Asked Questions about PennEngineering
When was PennEngineering founded?
PennEngineering was founded in 1942 and raised its 1st funding round 76 years after it was founded.
Where is PennEngineering located?
PennEngineering is headquartered in Doylestown, United States. It is registered at Doylestown, Pennsylvania, United States.
Is PennEngineering a funded company?
PennEngineering is a funded company, having raised a total of $62.04M across 1 funding round to date. The company's 1st funding round was a Series D of $62.04M, raised on Jun 27, 2018.
How many employees does PennEngineering have?
As of Dec 31, 2021, the latest employee count at PennEngineering is 766.
What does PennEngineering do?
PennEngineering was established in 1942 as a manufacturer in the fasteners sector. Operations are centered in Doylestown, United States, where precision fastening solutions are produced for electronics, automotive, and aerospace industries. Products including self-clinching fasteners and inserts are developed and distributed globally through the domain pemnet.com. Focus is maintained on engineering standards and material innovations to support assembly processes.
Who are the top competitors of PennEngineering?
PennEngineering's top competitors include Deepak Fasteners, Hillman Group and Arrow Fastener.
How many acquisitions has PennEngineering made?
PennEngineering has made 5 acquisitions, including Fabristeel, Heyco, and LinkTool Group.
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