Custom Mold & Design

What Custom Mold & Design does

Custom Mold & Design LLC, founded in 1964 and headquartered in Forest Lake, Minnesota, operates as part of the Velosity family of companies, a group that also includes Teamvantage Molding, MMD Medical, and Paradigme Engineering. The Velosity umbrella collectively employs approximately 600 people across four facilities and functions as a vertically integrated contract manufacturer specializing in custom injection molding, precision machining, and tool design and manufacture. The company primarily serves highly regulated end markets, with Medical Devices and Life Sciences and Aerospace and Defense as the two core verticals and Industrial as a secondary segment. Named customers include multinational medical device manufacturers, one of the world's largest biotech companies, a COVID-19 test kit producer, and a major aerospace, defense, and technology corporation.

The technical offering spans the full manufacturing value chain: custom injection molding for complex multi-cavity and two-shot applications, tight-tolerance precision machining, in-house tool design and manufacture, certified clean room manufacturing for medical devices, and complementary services including Design for Manufacturing (DFM) consultation, tool sampling and process development, quality assurance, mold maintenance and repair, and technology and program transfer. A dedicated Velosity Lab sub-brand provides prototyping and concept-to-manufacture engineering support. The product is fundamentally physical, with competitive differentiation anchored in regulatory certifications, clean room infrastructure, 60+ years of accumulated process know-how, and the ability to take a customer program from design through production launch under a single contract.

Revenue is generated through project-based, long-cycle contract manufacturing engagements with enterprise OEMs, complemented by tool design, engineering, and DFM services. Pricing is not publicly disclosed and is determined per project based on complexity, volume, materials, and regulatory requirements. The go-to-market motion is direct enterprise sales targeting procurement and engineering teams at medical device and defense manufacturers, supported by content marketing (DFM Knowledge Center, whitepapers, case studies, industry publication articles) and an active LinkedIn presence. Velosity is a registered trademark unifying the four legal entities for market-facing purposes.

Name

Custom Mold & Design

Legal name

Custom Mold & Design LLC

Website

https://custommold.net

Company type

Private

Founded year

1964

Operating status

Operating

Headcount range

101–250 employees

Short description

Custom Mold & Design is a Minnesota-based custom injection molder and precision machiner, part of the Velosity family of companies. It serves medical device, life sciences, aerospace, and defense OEMs with vertically integrated contract manufacturing from design through production.

Ownership category

akta.pro rank

Product category

Custom Contract Manufacturing

NAICS

Industrial Mold Manufacturing (333511), Machine Shops (33271)

SIC

Miscellaneous Fabricated Metal Products (3490)

akta.pro primary industry

Custom Injection Molding & Contract Manufacturing (Job Shops/CMs) (IMANAFAJ)

Keywords

• Injection molding services
• Precision machining services
• Contract manufacturing
• Medical device manufacturing
• Mold design tooling

Headquarters

HQ city

Forest Lake

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Contract Manufacturing Services: Project-based revenue from custom injection molding, precision machining, and contract manufacturing services. Revenue is transactional/project-based, typically involving long-term program engagements with medical device and defense manufacturers.
2. Tool Design & Manufacture: Custom tooling design and manufacturing services for injection molds and precision machining tools.
3. Design Engineering Services: Design support, DFM consultation, and engineering services integrated with manufacturing programs.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Custom Mold & Design (operating under the Velosity brand) provides custom injection molding, precision machining, and tool design/build services for highly-regulated medical device and defense applications. The company operates as a vertically integrated contract manufacturer offering end-to-end capabilities from design engineering and DFM through manufacturing, quality assurance, program transfer, clean room production, and mold maintenance across four facilities.

Product overview

Velosity is a registered trademark representing Custom Mold & Design LLC, Teamvantage Molding LLC, MMD Medical LLC, and Paradigme Engineering LLC. The company operates as a vertically integrated contract manufacturer offering a unified portfolio of manufacturing services. The core product suite includes Injection Molding, Precision Machining, Tool Design & Manufacture, and Contract Manufacturing. These are complemented by support modules including Design Support & Engineering (which encompasses Design for Manufacturing/DFM), Quality Assurance, Program Transfer, Tool Sampling & Process Development, Technology Transfer, and Mold Maintenance & Repair. The Velosity Lab sub-brand provides prototyping and innovation services. The company specializes in highly regulated markets including medical devices, life sciences, aerospace, and defense applications.

Differentiator

Problem solved

Functional benefit

Products and services

• Injection Molding Custom injection molding services for complex and highly regulated applications, primarily serving medical device and defense manufacturers. Capabilities include multi-cavity molds and two-shot molding.
• Precision Machining High-precision machining services producing medical device and defense components to tight tolerances and exact specifications, including PEEK and titanium parts such as thoracic spinal spacer systems.
• Tool Design & Manufacture Custom design and manufacture of tooling, molds, and dies for injection molding and other manufacturing processes for medical and defense customers.
• Contract Manufacturing End-to-end vertically integrated contract manufacturing from concept to completion, including COVID-19 test kit production and complex medical/defense components for enterprise customers.
• Design Support & Engineering (DFM) Design for Manufacturing (DFM) consultation and engineering support services that optimize parts for manufacturability prior to and during production programs.
• Quality Assurance Comprehensive quality assurance services ensuring compliance with regulatory standards for medical device, life sciences, aerospace, and defense manufacturing programs.
• Program Transfer Program transfer services that move manufacturing programs from design through production launch and from one facility to another.
• Tool Sampling & Process Development Process development and tool sampling services that validate tooling and manufacturing processes before full-scale production runs.
• Technology Transfer Technology transfer services that transition products and processes between manufacturing facilities to support customer production continuity.
• Mold Maintenance & Repair Maintenance and repair services for customer molds and tooling to ensure optimal performance and longevity over the program lifecycle.
• Velosity Lab Innovation and prototyping lab where ideas are transformed into manufacturable products through collaborative design and engineering, supporting early-stage program development.

Quantifiable outcome

• 75+ sizes for thoracic spinal implant system successfully manufactured
• +1 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Tegra Medical: US-based contract manufacturer specializing in precision injection molding, insert molding, and finished device assembly for medical device and life sciences OEMs. Directly comparable to Velosity in target customers (medtech OEMs), vertical integration, and clean-room-regulated production.
• Mack Molding: Vertically integrated custom injection molder and contract manufacturer serving medical, industrial, and defense markets with in-house tooling, molding, and assembly. Closely comparable business model and customer overlap to Custom Mold & Design / Velosity.
• MRPC (Medical Rubber & Plastics Concepts): US-based medical contract manufacturer offering silicone and thermoplastic molding, assembly, and finished device manufacturing in clean room environments. Directly comparable on medical-device OEM focus and regulated-manufacturing capabilities.
• Advanced Molding Technologies: US precision injection molder serving medical, aerospace, and industrial OEMs with custom tooling and complex molding. Comparable on custom molding, regulated end-markets, and mid-market scale similar to Custom Mold & Design.

Broad incumbents

• Phillips-Medisize: A Molex-owned, large-scale global contract manufacturer serving medical device and pharma OEMs with injection molding, drug delivery device assembly, and connected health solutions. A broader incumbent that overlaps Velosity's medical molding and finished-device positioning but at much larger global scale.
• Flex Ltd: Global multi-billion-dollar contract manufacturer serving medical, automotive, and industrial OEMs with manufacturing services including precision molding, machining, and assembly. A much broader incumbent that competes for the same enterprise medtech/defense contract manufacturing programs at far larger scale.
• Jabil: Global contract manufacturer with extensive medical device, packaging, and industrial operations including precision injection molding and assembly. A scaled incumbent competing for enterprise medtech and defense manufacturing contracts across geographies Velosity does not serve.
• West Pharmaceutical Services: Specialty contract manufacturer serving pharma and medical device OEMs with elastomeric components, injectable delivery systems, and contract manufacturing services. A larger incumbent overlapping with Velosity's medical-device and regulated-manufacturing footprint.
• Helix Medical (Freudenberg Medical): Global medical device contract manufacturer under Freudenberg, offering silicone and thermoplastic molding, finished device assembly, and clean-room manufacturing. A larger incumbent competing for the same regulated medtech contract manufacturing work as Velosity.

Emerging players

• Protolabs: Digital-native on-demand manufacturer offering rapid injection molding, CNC machining, and 3D printing services. Competes with Velosity in low-volume, fast-turn precision molded parts but lacks Velosity's full-scale production, clean room, and program-transfer capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/velositymed

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Custom Mold & Design