ProShop ERP Receives $32 Million Growth Investment from Mainsail Partners

July 18, 2023

ProShop ERP plans to use the funds to enhance its manufacturing shop-focused ERP software. The company delivers its manufacturing software system by deeply understanding its clients’ challenges with the goal of meaningfully improving its clients’ businesses and in turn, their communities. 

July 18th, 2023 07:00 AM Pacific Daylight Time

[BELLINGHAM, WA and VANCOUVER, BC – July 18, 2023] — ProShop ERP, a leading software solution for precision manufacturing companies, announced an investment from Mainsail Partners, a growth equity firm that invests in fast-growing, founder-led, vertical enterprise resource planning (ERP) software companies. The company intends to utilize the capital to expedite product development and to continue to build upon the market-leading services and support provided to its customers.

“As a customer-focused organization, we are deeply committed to the success of our clients and our industry. We believe this partnership with Mainsail will enable us to do an even better job of serving more companies with our market-leading products and service,” said Kelsey Heikoop, Co-Founder and CEO. “This work is very meaningful to our clients and team, so we couldn’t be more excited to take ProShop to the next level by partnering with Mainsail.”

“We at ProShop have had an amazing ride the past seven years as a founder-financed company. The market demand has been, and continues to be, strong for our product.  We knew that if we wanted to serve our mission even better and serve more shops in the industry we love so much, we needed a partner,” said Paul Van Metre, ProShop Co-Founder. “After many months of careful research and vetting, we decided that Mainsail was perfectly aligned with our mission to serve manufacturing companies and their communities by striving to build the leading product in our industry. My partners and I are deeply committed to serving our industry for years to come, and with the financial and operational backing of Mainsail as our partner, we’re doubling down on our commitment to this industry.”

ProShop ERP provides software to manufacturers in regulated industries such as the defense, aerospace, medical and space industries. Customers use Proshop with the goal of improving their everyday operations, streamlining processes such as on-time delivery, shop throughput, quoting, set-up times, their ISO and AS9100 certifications, and more within an ITAR – and CMMC-compliant cloud environment. These are just some of the solutions that support clients’ goals to move away from paper-based workflows and into a paperless environment. 

The company’s robust platform, combined with established customer support, makes ProShop attractive for small to-medium sized manufacturers looking to streamline their operations. 

“We have known the ProShop team for a long time and have always been impressed with their relentless focus on the needs of their customers,” said Jason Frankel, Partner at Mainsail Partners.  “We are excited to partner with a company that is committed to making business management more efficient so manufacturing shop owners can focus on the most important aspect of their business – delivering high quality manufacturing services to the customers who depend on their products.”

Anthony Hayes, a Vice President at Mainsail, along with Jason Frankel, a Partner at Mainsail, will be welcomed as new members of the ProShop Board of Directors. Their deep experience will be pertinent going forward.

About ProShop ERP
ProShop ERP delivers manufacturing software by deeply understanding our client’s challenges in order to meaningfully improve their businesses and in turn, their communities.

ProShop is the industry’s only dedicated ERP/QMS/MES management software built by manufacturers for manufacturers. They are fanatical about managing every detail of machine shops in a paperless and web-based environment, including the enterprise resource management (ERP) functions necessary to run offices, the quality management system (QMS) functions to manage AS9100 systems, and the manufacturing execution system (MES) functions to ensure the shop floor is running at peak efficiency, while helping clients.

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 20 years, Mainsail has been helping management teams navigate the challenges and opportunities that come with rapidly scaling a software company. The firm includes women and men who are former software company operators who have seen these challenges first-hand. Mainsail offers assistance across various 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 over $2.2 billion in committed capital and invested in more than seventy companies. For more information, visit www.mainsailpartners.com or follow the firm on LinkedIn.

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