INNERGY Secures $44M Growth Investment from Mainsail Partners to Accelerate Platform and Education Roadmap
Capital infusion supports product innovation, customer education and continued expansion across woodworking and ETO industries
SAUK RAPIDS, Minn. — Aug. 1, 2024 — INNERGY, a leading provider of cloud-based ERP solutions for woodworking, cabinetry, stone, metal and other engineer-to-order (ETO) shops, today announced a $44 million growth investment from Mainsail Partners. The partnership will help INNERGY accelerate its product roadmap and expand its customer education, product innovation and client success programs. It also marks recognition of the value INNERGY has delivered to the woodworking industry over nearly a decade, with significant runway still ahead.
Built by woodworkers for woodworkers and other ETO industries, INNERGY offers a comprehensive cloud-based business management platform that helps shop owners run their operations more efficiently and profitably. Customers also benefit from extensive education programs, tools and training designed to support smarter, more agile decision-making. INNERGY’s global customer base has processed more than five million sheets and placed $42 billion in live bids on the market.
“Say goodbye to separate spreadsheets and home-grown databases for tracking bidding, jobs, and costing. INNERGY is designed to bring all the essential workflow processes for millwork shops into one intuitive user experience that can be accessed from anywhere,” said Marc Sanderson, CEO of INNERGY. “We believe Mainsail’s experience and resources dedicated to helping vertical SaaS businesses like ours will be invaluable as we keep growing and expanding our community of Raving Fans.”
“Marc and the INNERGY team combine decades of hands-on experience running woodworking shops with creative software development and a strong focus on creating Raving Fans among their customers. This is reflected in how their products and education solutions are purpose-built to help shop owners run better businesses,” said Jason Frankel, Partner at Mainsail Partners. “We are thrilled to invest in INNERGY and support their efforts to offer more innovative products and educational resources to their growing customer base.”
As part of the investment, Ed Roshitsh, a seasoned SaaS executive, joins the INNERGY Board of Directors alongside Jason Frankel and Jackie Friedman, Vice President at Mainsail Partners.
About INNERGY
INNERGY delivers comprehensive ERP and engineering solutions for the woodworking industry, pairing modern technology with deep industry expertise to help millwork businesses optimize operations and grow. Learn more at innergy.com and follow INNERGY on Facebook, LinkedIn and YouTube.
About Mainsail Partners
Mainsail Partners is a growth equity firm that partners with founders of bootstrapped software companies to help them realize their potential. For more than 20 years, Mainsail has helped management teams navigate the challenges and opportunities of rapidly scaling a software business. The team includes women and men who are former software company operators with firsthand experience tackling these challenges. Mainsail offers support across functional areas including talent, finance, customer success, sales and marketing, product management, and R&D. With offices in Austin and San Francisco, the firm has raised more than $2.2 billion in committed capital and invested in over seventy companies. Learn more at mainsailpartners.com or follow the firm on LinkedIn.
MEDIA CONTACT
Cassey Gibson, INNERGY
cassey.gibson@innergy.com
1-800-570-7230
innergy.com