Linear manufactures transfer-press automation, blank-feeding and press-to-press automation systems used primarily by automotive OEMs and tier-one suppliers. The company emphasizes modular actuators and application-calibration software to deliver robust, high-reliability systems and offers worldwide service through multiple sales offices. Linear supplies large automakers including Ford, Nissan, General Motors, Daimler and Honda and operates a factory in Barrie, Ontario. Founded in 1994, the company has about 80 employees at its Barrie plant and intends to create 10 new positions in the next year. It sells internationally and maintains sales offices in the U.S., Mexico, Brazil, the U.K., China and Thailand. The company will deploy the EDC financing as revolving working capital to support sizeable export contracts and expand its export capacity.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2016