Emmet

Providing manufacturers with a better way to buy steel.
Austin

About Emmet

Emmet is a digital steel distributor whose mission is to simplify steel procurement and provide much needed value to the 40,000+ manufacturers in the United States who spend $185B+ with Steel Distributors every year.

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Problem statement

Steel distribution in it's current format sucks - it's inefficient, and hasn't changed in over 50 years.

When manufacturers need steel, they call or email their distributors an RFQ. Multiple touch points later they receive a quote and can place an order. Once an order is placed, any updates needed require more calls and/or emails. Post sales documentation is all paper, hard copies delivered with the material. If you want a lost document emailed to you....guess what, time to pick up the phone again!

Manufacturers are getting frustrated. They want efficiency, they want transparency, and they want value from their suppliers - and the current legacy distributors are unable to deliver.

Traction information

- We have raised $250k to date to build our technology, hire the core team, go to market, and start generating revenue.
- We have 3 steel mills on the supply side, accounting for $75-100m of inventory on Emmet
- We have a pipeline of 1800 customers divided into 3 segments we are currently targeting based on our inventory.
- In our current pre-product stage, we have received 40+ RFQs from customers in our pipeline in the last month.

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