Steam Car Dreams Fuel $2.1B Metal Fabrication Unicorn

Jim Belosic's journey into custom metal fabrication began with an ambitious 2017 project: building a steam-powered Ford Model A. This endeavor, driven by a desire for unique problem-solving, ultimately led to the cofounding of SendCutSend in 2018. The company addresses the difficulty of obtaining custom metal parts, especially for small orders, and has since achieved a valuation of $2.1 billion. Initially producing pickleball keychains, SendCutSend now serves a diverse clientele, including many Fortune 500 companies.

In spring, SendCutSend secured a Series A round valuing it at $1.1 billion, followed by a Series B round led by Spark, with participation from CRV, MHS, Sequoia, and Paradigm, reaching the $2.1 billion valuation. Belosic emphasizes building a business rather than simply pursuing Silicon Valley entrepreneurial goals, focusing on using venture capital to create jobs and opportunities for employees. This philosophy aligns with a national push for U.S. reindustrialization, where SendCutSend aims to be a foundational element in American manufacturing.