Stiletto Manufacturing produces catamarans, including its Stiletto-X Series which comprises the Stiletto-X Ultimate Beachcat, the Stiletto-Xc Beachcat Cruiser and the high-performance Stiletto-Xf Foiler. The company launched in 2015 and is led by CEO Jay Phillips. It secured $12.5M in combined equity and debt financing to support growth. Stiletto plans to expand its manufacturing facility in Tyrrell County, NC and accelerate production of its new models. Management forecasts production capacity increasing to two or more boats per week and staff growing to 20–25 full‑time employees over the next year. The funds will also support operating and marketing expenses.

Total raised

$13M

Funding rounds

2

Latest round

Equity

Latest activity

Jul 2017