Steelhead Technologies Raises $6M in Series a Funding

United States - October 26, 2023 —

Steelhead Technologies, a pioneer in job shop software for the metal finishing industry, is proud to announce the successful close of a $6 million Series A funding round. This significant investment will empower Steelhead Technologies to advance the development of its next-generation platform, revolutionizing the industry and enabling job shops to reach new heights of success in the digital age.

The Series A funding was led by Stage 2 Capital, a renowned venture capital firm known for identifying and supporting disruptive technologies with a deep expertise around go-to-market. “We love backing founders who are obsessed with solving problems for their customers. Steelhead’s team is changing the way plant operations move into the digital age. No more guesswork and manual work, all tracked and managed through software, which is truly impactful for customers. We’re excited to help drive GTM success for years to come,” explained Jay Po, Co-Founder and Managing Partner of Stage 2 Capital.

Additional support came from C2 Ventures and TIA Ventures, who share Steelhead Technologies' vision for the future of Job Shop manufacturing. “Steelhead’s customers represent an essential component of the country’s production and manufacturing capabilities,” shared William Hapworth, General Partner at TIA Ventures. “Adding Steelhead software adds massive horsepower and efficiency to the job shop industry while reducing so many headaches. Steelhead has built an all-pro team and an excellent platform. We are excited to support them.” 

Steelhead Technologies is on a mission to transform the way job shops operate by making it easier and more efficient than ever. They have already made impressive strides as their innovative platform offers a range of benefits that job shops love, including:

• Automated Processes: Steelhead's platform eliminates errors and reduces overhead by automating key processes.
• Real-Time Insights: The fully digital production system provides real-time margin data, eliminating friction in the production process.
• Nadcap and Military Processing: Steelhead Technologies integrates digital NADCAP and military processing with automated certification management, saving significant time and effort while improving data accuracy.
• Single Source of Truth: The platform provides a single, integrated source of truth for quoting, receiving, inventory management, workflow, operator instruction, shipping, invoicing, scheduling, maintenance, quality management systems (QMS), and much more.

“Steelhead shows us how to improve overall efficiencies,” explains Dana Schnepf, Owner of D&K Powder Coating. “It tracks margins for the potential to see millions of dollars per year in profitability. Not only is the technology powerful, but Steelhead has gone above and beyond to meet our needs while surpassing our wildest expectations.

“This funding is critical to drive our vision of elevating job shop manufacturing,” explains Jeff Halonen, Co-Founder and CEO of Steelhead Technologies. “We have experienced a continuous and growing appetite in Job Shops to deploy transformational technology to all manufacturing and business processes via digitization, automation, and optimization, driving profit, streamlining operations, and enabling growth.”

“Steelhead reinvented the manufacturing process management system from the ground up,” explains Curtis Carlson at Rocket Powder Coating. “I feel that they were able to use the lessons learned over the last decade from other ERPs to implement an intuitive system that allows even the most computer-illiterate employees to succeed.”

With this new injection of capital, Steelhead Technologies will continue to lead the charge in developing revolutionary solutions for job shop manufacturing that makes operators' jobs easier. Their commitment to innovation, paired with their exceptional team and streamlined processes, will empower job shops to achieve unprecedented levels of efficiency and profitability in their operations.

Steelhead Technologies is excited to continue its journey toward revolutionizing Job Shop manufacturing, and it looks forward to the possibilities that this Series A funding brings to its company and the industry as a whole.

Media Inquiries

Chantel Soumis, [email protected]

About Steelhead Technologies

Steelhead Technologies is a pioneering force in the manufacturing ERP industry, offering cutting-edge solutions that empower metal finishing and heat treat job shops to thrive in today's competitive landscape. With a commitment to innovation and excellence around data and automation, Steelhead Technologies is revolutionizing how manufacturers operate, streamline their processes, and achieve greater efficiency. For more information visit https://gosteelhead.com

About Stage 2 Capital

The first go-to-market venture capital firm, Stage 2 Capital combines capital and GTM execution expertise, leveraging its elite LP base of 500+ senior executives from unicorns and Fortune 500 firms to help portfolio companies scale revenue and accelerate growth. Co-founded in 2018 by Jay Po, former investor at Bessemer Venture Partners, and Mark Roberge, founding CRO at HubSpot, Stage 2 Capital invests in B2B software companies between late seed stage and Series A.

Contact Info:
Name: Chantel Soumis
Email: Send Email
Organization: Steelhead Technologies
Website: https://gosteelhead.com

Release ID: 89111353

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