Stiletto Manufacturing, a Columbia, NC-based catamaran maker, received $12.5m in equity and debt financing.
The company intends to use the funds for expansion of its manufacturing facility in Tyrell County, NC, with forecasted production capacity increasing to two or more boats per week and staff growing to 20-25 full time employees over the next year, and support of operating and marketing expenses.
Launched in 2015 and led by CEO Jay Phillips, Stiletto Manufacturing is accelerating production of its new models, the Stiletto-X Series, which delivers dynamic performance at an accessible retail price appealing to boat buyers whose goals are day outings and overnight sailing-camping adventures.
The series includes the Stiletto-X Ultimate Beachcat, the Stiletto-Xc Beachcat Cruiser and the high-performance Stiletto-Xf Foiler.
FinSMEs
07/07/2017