FundedIQ
Manufacturing

Derwent Industries: Funding, Investors & Team (Oct 2026)

Derwent Foundry, Derwent Pipelines, Derwent Clamps, and Derwent Couplings are all part of Derwent Industries. The Tasmanian Foundry is based in Hobart, Tasmania, and has full Standards Mark approval for their selection of water fittings. Derwent Foundry® was founded in 1840 and has undergone a number of modifications and restructurings to deliver castings at reasonable prices both within Australia and beyond. The Foundry produces DI fittings with a DN 80 to 1000. Derwent Bendigo, formerly Keech, was just bought by the company, enhancing our ability to manufacture in Australia. Now producing a range of mining items, the facility will progressively be expanded to produce water fittings to complement Hobart.

www.derwentindustries.com.au LinkedIn Dandenong, Australia 11-50 employees
Machinery Manufacturing Manufacturing Mining Precious Metals Water Valves Di fittings Clamps
Total raised
$10.3M
Rounds
1
Latest
Undisclosed round
Feb 2023

Derwent Industries has raised $10.3M across 1 funding round on record, the most recent an undisclosed round of $10.3M announced in Feb 2023.

That round is above the $5.2M median round size for Manufacturing companies tracked on FundedIQ over the last two years.

Derwent Industries Company Profile and Key Stats

Total funding raised
$10.3M
across 1 round on record
Funding rounds on record
1
Latest funding round
Undisclosed round
$10.3M in Feb 2023
Employees
11-50
reported band
Headquarters
Dandenong, Australia

Latest funding round on record: Feb 2023.

Derwent Industries Funding Rounds

Date
Round
Amount
Undisclosed round
$10.3M

Derwent Industries Founders and Leadership Team

Name
Role
Contact
Craig Evans
CEO
Locked

Contact details for the Derwent Industries team: 1 of 1 has an email address on file.

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Derwent Industries Funding Compared to Other Manufacturing Startups

Segment
Companies
Median round
1,061
$5.2M
1,170
$4.1M

Derwent Industries' latest round of $10.3M is above the median round in Manufacturing. Medians cover the last 24 months of disclosed rounds.

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Derwent Industries Funding FAQs

What does Derwent Industries do?

Derwent Foundry, Derwent Pipelines, Derwent Clamps, and Derwent Couplings are all part of Derwent Industries. The Tasmanian Foundry is based in Hobart, Tasmania, and has full Standards Mark approval for their selection of water fittings. Derwent Foundry® was founded in 1840 and has undergone a number of modifications and restructurings to deliver castings at reasonable prices both within Australia and beyond. The Foundry produces DI fittings with a DN 80 to 1000. Derwent Bendigo, formerly Keech, was just bought by the company, enhancing our ability to manufacture in Australia. Now producing a range of mining items, the facility will progressively be expanded to produce water fittings to complement Hobart.

How much funding has Derwent Industries raised?

Derwent Industries has raised $10.3M across 1 round on record. The most recent is an undisclosed round of $10.3M announced in Feb 2023.

When did Derwent Industries last raise funding?

Derwent Industries' most recent funding round on record is an undisclosed round of $10.3M, announced in Feb 2023.

Who is the CEO of Derwent Industries?

Craig Evans is listed as CEO at Derwent Industries.

Where is Derwent Industries headquartered?

Derwent Industries is based in Dandenong, Victoria, Australia.

How many employees does Derwent Industries have?

Derwent Industries is in the 11-50 employee band.

How does Derwent Industries' funding compare to other Manufacturing startups?

Derwent Industries' latest round of $10.3M is above the $5.2M median round size for Manufacturing companies on FundedIQ across 1,061 tracked companies over the last two years.

About FundedIQ's Derwent Industries Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Derwent Industries is left off this page rather than filled in.

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