About Steelcase
Steelcase is a company based in Grand Rapids (United States) founded in 1912 was acquired by HNI Corporation in August 2025.. The company has 11,300 employees as of February 28, 2024. Steelcase has completed 4 acquisitions, including AMQ, Orangebox and Smith System. Steelcase operates in a competitive market with competitors including Poppin, HNI Corporation, Branch, MillerKnoll and Kewaunee Scientific, among others.
- Headquarter Grand Rapids, United States
- Employees 11300 as on 28 Feb, 2024
- Stage Public
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Steelcase Inc.
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Annual Revenue
$3.17 B0.2as on Feb 28, 2024
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Net Profit
$116.7 M49.62as on Feb 28, 2024
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EBITDA
$211.4 M-3.73as on Feb 28, 2024
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Latest Funding Round
$450 M (USD), Debt – Conventional
Feb 25, 2019
- Investors
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Employee Count
11300
as on Feb 28, 2024
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Investments & Acquisitions
AMQ
& 3 more
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Acquired by
HNI Corporation
(Aug 04, 2025)
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IPO & Listings of Steelcase
Steelcase is a publicly listed company on the NYSE with ticker symbol SCS in USA, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Steelcase
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $450.0M
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First Round
First Round
(30 Jul 2008)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2019 | Amount | Debt – Conventional - Steelcase | Valuation |
investors |
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| Jan, 2017 | Amount | Grant - Steelcase | Valuation |
investors |
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| Jul, 2008 | Amount | Grant - Steelcase | 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 Steelcase
Steelcase has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include United States Department of Agriculture, HNI Corporation and European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Leadership is provided on agriculture, food, and rural development matters.
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Founded Year | Domain | Location | |
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Offline retail of office furniture and hearth products is operated.
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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 Steelcase
Steelcase has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include AMQ, Orangebox and Smith System. 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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Furniture is retailed by AMQ in the United States.
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2009 | ||||
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Multi-category integrated home furniture is manufactured for homes.
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2002 | ||||
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Brand of home furniture
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2000 |
| 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 - Steelcase
| 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 |
Steelcase Comparisons
Competitors of Steelcase
Steelcase 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 Poppin, HNI Corporation, Branch, MillerKnoll and Kewaunee Scientific, 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 |
Private label office supplies are sold online by Poppin.
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| domain | founded_year | HQ Location |
Offline retail of office furniture and hearth products is operated.
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| domain | founded_year | HQ Location |
Multi-category furniture is offered for home offices and companies.
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| domain | founded_year | HQ Location |
Innovative furniture and home furnishings are designed by MillerKnoll brands.
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| domain | founded_year | HQ Location |
Office furniture is manufactured for commercial and institutional use.
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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 Steelcase
Frequently Asked Questions about Steelcase
When was Steelcase founded?
Steelcase was founded in 1912 and raised its 1st funding round 96 years after it was founded.
Where is Steelcase located?
Steelcase is headquartered in Grand Rapids, United States. It is registered at Grand Rapids, Michigan, United States.
Who is the current CEO of Steelcase?
Jim Keane is the current CEO of Steelcase.
How many employees does Steelcase have?
As of Feb 28, 2024, the latest employee count at Steelcase is 11,300.
What is the annual revenue of Steelcase?
Annual revenue of Steelcase is $3.17B as on Feb 28, 2024.
What does Steelcase do?
Steelcase was established in 1912 in Grand Rapids, United States, within the office furniture sector. Products including chairs, tables, storage units, sofas, and sleepers are manufactured for use in offices, hospitals, and classrooms. Operations are supported by brands such as Steelcase, Turnstone, and Coalesse. Sales are conducted via company-owned stores and third-party retailers across America, Europe, the Middle East, Africa, and Asia.
Who are the top competitors of Steelcase?
Steelcase's top competitors include MillerKnoll, Poppin and HNI Corporation.
Is Steelcase publicly traded?
Yes, Steelcase is publicly traded on NYSE under the ticker symbol SCS.
How many acquisitions has Steelcase made?
Steelcase has made 4 acquisitions, including AMQ, Orangebox, and Smith System.
Who are Steelcase's investors?
Steelcase has 3 investors. Key investors include United States Department of Agriculture, HNI Corporation, and European Union.
What is Steelcase's ticker symbol?
The ticker symbol of Steelcase is SCS on NYSE.
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