Manufacturing Capital Raises in the U.S. – June 16th – 30th, 2025
Several interesting transactions closed in the Manufacturing sector over the past two weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
PE Growth/Expansion
- Torginol, decorative material technologies that focus on engineering materials that enhance the aesthetic and ergonomic qualities of living environments, received development capital from GreyLion
Merger/Acquisition
- Drafto, material handling equipment that is based in Cochranton, Pennsylvania, acquired by Celich Enterprises
- Elips Plastics, plastic food packaging products that serve the food industry in Canada, acquired by Airlite Plastics
Later Stage VC
- Firestorm, loitering munitions and mission-adaptable systems that build aerial weapons systems, raised $10.00 million of Series A-5 venture funding.
- Polymer Contours, plastic injection molded products and services that serve medical, packaging, food, coal, and other industries, raised $659,550 of venture funding from Ben Franklin Technology Partners of Central and Northern Pennsylvania
Early Stage VC
- International Battery Company, high-performance lithium-ion cells that are designed to reduce battery complexity due to the large form factor, which has higher energy density than LFP cells, and is recyclable, raised $4.43 million of venture funding from Himadri Speciality Chemical.
- Active Membranes, active desalination membranes that produce fresh water from saline or brackish water sources, raised $913,400 of venture funding in the form of SAFE notes.
Seed Round
- Hydroblok, a modular shower system that simplifies and expedites the installation of waterproof, tile-ready showers, raised $6 million through a combination of Seed and Seed-2 funding in a deal led by Pier 88 Investment Partners and Andina Advisors.
- Phoenix Semiconductor, electronic technologies that provide drop-in replacements for discontinued semiconductors, raised $9.10 million through a combination of Seed-1, Seed-2, and Seed-3 funding from Lockheed Martin Ventures, RTX Ventures and IronGate Capital Advisors.
#castleplacement #capitalraising #privateequity #venturecapital #investment #manufacturing
Rebecca Lacy
Managing Director
More than 30 years positioning companies for growth. She began her career as a retail business owner then transitioned to McDonnell Douglas/Boeing where she worked to help small businesses gain significant market share. This included advocating at the federal level for legislation to facilitate competition for small businesses. Helped businesses secure non-traditional funding through grants, as well IP and equipment donations. Served in a board or advisory capacity for several economic development organizations. Transitioned to business ownership where she and her team created diagnostic tools and training that helped companies function with greater efficiency and flexibility. Domestic and international clients ranged from start-ups to multi-national corporations from a broad array of industries, government agencies and not-for-profits. B.A. in Public Administration, MBA from Western International University. FINRA Series 7 and 63 licenses.
- Email: rlacy@castleplacement.com
- (C) (573) 880-2974
 Rebecca LacyManaging Director |
Please contact me if you have any questions or would like to discuss your capital raise:
Email: rlacy@castleplacement.com
C: (212) 418-1181 | C: (573) 880-2974
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Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
