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 Za Jednotou 929 27711 Neratovice.

How many employees does PennEngineering have?

As of Dec 31, 2021, PennEngineering has 766 employees, reflecting a 7% year-over-year growth in headcount.

Is PennEngineering a funded company?

PennEngineering is a funded company, having raised a total of $***** in its 1st and only funding round, a Series D round on Jun 27, 2018.

When was the latest funding round of PennEngineering?

PennEngineering's latest funding was a $***** Series D round on Jun 27, 2018, with participation from 0 investor. Its primary sector is Building Materials. In United States, the Building Materials sector has seen $3B in funding in 2026 to date.

Where does PennEngineering rank among its competitors?

PennEngineering ranks 3rd amongst 263 active competitors, of which 2 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Deepak Fasteners, which secured $48M in Jun, 2022.

Who are the top competitors of PennEngineering?

PennEngineering's top competitors include Hillman Group, Deepak Fasteners and Walraven. Among them, Deepak Fasteners secured the most recent funding round in June, 2022.

PennEngineering - 2026 Company Profile, Funding & Competitors

Company Details

Website: pemnet.com
Email ID: *****@pemnet.com
Phone Number: +1 **********
Registered Address: Za Jednotou 929 27711 Neratovice

Key Metrics

Founded Year

1942

Location

Doylestown, United States

Stage

Series D

Total Funding

$62M in 1 round

Latest Funding Round

Series D, Jun 27, 2018, $*****

Investors

Newlin Investment & 1 more

Ranked

3^rd among 263 active competitors

Employee Count

766 as on Dec 31, 2021

Investment & Acquisitions

Sherex & 4 more

Similar Companies

Hillman Group & 262 more

View PennEngineering's full profile

PennEngineering is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Penn Engineering & Manufacturing Corp. CIN: 230951065 , United States, Active	Dec 31, 1999	-	766 (As on Dec 31, 2021)	-
En El Em FH CZ, s.r.o. CIN: 19427689 , Czech Republic, Active	Jun 09, 2023	-	-
F + H spol. s r.o. CIN: 46350918 , Czech Republic, Active	Jul 21, 1992	-	-
KFE s.r.o. CIN: 05083681 , Czech Republic, Active	May 25, 2016	-	-

PennEngineering has raised a total funding of $62M over 1 round. PennEngineering has 2 institutional investors.

Here is the list of recent funding rounds of PennEngineering:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 27, 2018	7116767	Series D	5483762	4041442	1759343	1279279

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View details of PennEngineering's funding rounds and investors

PennEngineering's employee count trend

PennEngineering has 766 employees as of Dec 21. The total employee count is 7.0% more than what it was in Dec 20. Here is PennEngineering's employee count trend over the years:

Employee count trend for PennEngineering

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Top competitors of PennEngineering include Hillman Group, Deepak Fasteners and Walraven. Here is the list of Top 10 competitors of PennEngineering, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Hillman Group 1964, Cincinnati (United States), Public	Provider of hardware and home improvement products to retail markets	-	Oak Hill, Rotunda Capital Partners & 7 others	63/100
2nd	Deepak Fasteners 1958, Ludhiana (India), Series C	Manufacturer of high-strength industrial fasteners	$74.3M	BanyanTree Finance, DEG & 11 others	62/100
3rd	PennEngineering 1942, Doylestown (United States), Series D	Manufacturer of fasteners	$62M	Newlin Investment, Tinicum	61/100
4th	Walraven 1999, Netherlands, Unfunded	Manufacturer of fixing, fire protection, and channel systems for installations	-	-	38/100
5th	Fixfast 1975, Sevenoaks (United Kingdom), Unfunded	Manufacturer and supplier of fasteners and components for the building industry	-	-	38/100
6th	Evolution Fasteners 2000, Glasgow (United Kingdom), Acquired	Manufacturer & distributor of fasteners for construction industry	-	-	32/100
7th	Dudhat Infra Products Ahmedabad (India), Unfunded	Manufacturer of cable trays, raceways, earthing strips, and strut channels	-	-	28/100
8th	ForgeFix 1991, Chinley (United Kingdom), Acquired	Supplier of fixings and fasteners	-	-	27/100
9th	Arrow Fastener 1929, Saddle Brook (United States), Acquired	Brand of stapling tools and fasteners	-	-	26/100
10th	ITW Commercial Construction Glenview (United States), Public	Manufacturer of fastening systems and anchors for commercial construction trades	-	-	25/100

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PennEngineering has not made any investments yet. PennEngineering has made 5 acquisitions.

Here is the list of latest three $acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jan 08, 2024	Acquisition	Sherex	1978	Tonawanda (United States)
Jun 09, 2022	Acquisition	LinkTool Group	1978	Westland (United States)
Jun 28, 2017	Acquisition	Fabristeel		-