Teamvantage
Teamvantage (dba Velosity) is a vertically integrated US contract manufacturer with nearly 600 employees across four Minnesota facilities, delivering injection molding, precision machining, tool design, and engineering services to enterprise customers in medical devices, aerospace and defense, and industrial markets.
- Company typePrivate
- Founded1972
- HeadquartersForest Lake, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Teamvantage does
Teamvantage, operating commercially as Velosity, is a vertically integrated US contract manufacturer headquartered in Forest Lake, Minnesota, with nearly 600 employees across four facilities. The legal entity Teamvantage Molding LLC sits alongside three wholly-owned operating subsidiaries — MMD Medical LLC, Custom Mold & Design LLC, and Paradigme Engineering LLC — which together deliver a full manufacturing stack spanning tool design and manufacture, injection molding, precision machining, contract manufacturing, program transfer, technology transfer, mold maintenance and repair, design support and engineering, and quality assurance. The platform also offers Velosity Lab, an innovation partnership for early-stage design-for-manufacturing collaboration, and a DFM Knowledge Center for technical content.
The company targets enterprise customers in two primary regulated verticals — Medical Devices & Life Sciences and Aerospace & Defense — with Industrial as a secondary segment. Customers referenced include an American molecular diagnostics firm, a multinational medical device and healthcare company, the world's leading manufacturer of medical devices, an American multinational conglomerate, one of the world's largest biotech companies, and an aerospace, defense and technology corporation. Differentiated capabilities include certified clean rooms, FDA- and defense-aligned certifications, and a 60-year track record of executing complex, highly regulated manufacturing programs.
Velosity operates a B2B enterprise field-sales model with custom, quote-based pricing under multi-year contracts. Revenue is generated through long-term manufacturing partnerships and program-based engagements rather than transactional sales. The company is privately held with no disclosed institutional ownership, no public financials, and no external funding events in the dataset, and it operates solely within the United States.
Teamvantage firmographics
Firmographics- Name
- Teamvantage
- Legal name
- Teamvantage Molding LLC
- Website
- https://teamvantage.com
- Company type
- Private
- Founded year
- 1972
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Teamvantage (dba Velosity) is a vertically integrated US contract manufacturer with nearly 600 employees across four Minnesota facilities, delivering injection molding, precision machining, tool design, and engineering services to enterprise customers in medical devices, aerospace and defense, and industrial markets.
- Ownership category
- akta.pro rank
Teamvantage industry classification
Industry- Product category
- Contract Manufacturing
- NAICS
- Industrial Machinery Manufacturing (33324), Aerospace Product and Parts Manufacturing (33641)
- SIC
- Special Industry Machinery (No Metalworking Machinery) (3550)
- akta.pro primary industry
- Custom Injection Molding & Contract Manufacturing (Job Shops/CMs) (IMANAFAJ)
Keywords
Where Teamvantage is headquartered
LocationHeadquarters
- HQ city
- Forest Lake
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Teamvantage business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D
Revenue model
- Contract Manufacturing Services: Full-service contract manufacturing including injection molding, precision machining, and tool building for medical device and defense applications. Revenue generated through long-term manufacturing partnerships and program-based engagements.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom contract manufacturing services with quote-based pricing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Teamvantage product offering
Product offeringCore offering
Teamvantage, operating as Velosity, is a contract manufacturer that produces precision plastic and metal components through injection molding, CNC precision machining, and in-house tool design and fabrication. The company serves medical device, defense, aerospace, and industrial OEM customers with end-to-end services spanning prototype development, Design for Manufacturability (DFM) engineering, tooling, full-scale production, quality assurance, and program/technology transfer support. Manufacturing operations are conducted in FDA-registered (medical) and ITAR-registered (defense) facilities operating under ISO 13485 quality systems.
Product overview
Velosity is a vertically integrated contract manufacturing platform comprised of Teamvantage Molding LLC, MMD Medical LLC, Custom Mold & Design LLC, and Paradigme Engineering LLC. The company offers a comprehensive suite of manufacturing services including Injection Molding, Precision Machining, Contract Manufacturing, Design Support & Engineering, Quality Assurance, Program Transfer, Tool Design & Manufacture, Tool Sampling & Process Development, Technology Transfer, and Mold Maintenance & Repair. The company also provides Velosity Lab as an innovation and resource platform with a DFM Knowledge Center. These services are primarily focused on serving highly regulated industries including Medical Devices & Life Sciences, Aerospace & Defense, and Industrial markets. With nearly 600 employees across four facilities and over 60 years of experience, Velosity delivers end-to-end manufacturing solutions from concept to completion.
Differentiator
Problem solved
Functional benefit
Products and services
- Injection Molding
Quantifiable outcome
- Successful manufacturing of thoracic spinal implant system with 75 sizes incorporating additive manufactured titanium plates and injection molded components
Companies that use Teamvantage
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Teamvantage technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Teamvantage partnerships and signals
Strategic signalScale indicators4 records
Recent moves5 records
Expansion highlights5 records
Teamvantage competitors and assessment
Company assessmentBroad incumbents
- Phillips-Medisize (Molex): Large global medical device contract manufacturer and injection molder, owned by Molex/Koch. Competes directly with Velosity in medical injection molding but at substantially greater scale, with broader geographic footprint and integrated electronics capabilities.
- Jabil Healthcare: Global tier-one contract manufacturer with substantial medical device and injection molding capabilities. Competes in the same regulated end markets as Velosity but operates at vastly greater scale with broader geographic reach and turnkey services.
Direct peers
- Paramit Corporation: Medical device and life sciences contract manufacturer with injection molding, precision machining, and assembly capabilities. Direct competitor in regulated medical device markets with similar full-service offerings.
- Tessy Plastics: Full-service injection molding and contract manufacturer serving medical, automotive, and industrial markets. Comparable to Velosity in scale, vertical integration, and tool-to-finished-part capabilities.
- Mack Molding: Vertically integrated custom injection molder and contract manufacturer serving medical, defense, and industrial markets. Similar capabilities profile (tooling, molding, assembly) and regulatory-market focus as Velosity.
- Spectrum Plastics Group: Vertically integrated medical and specialty injection molding contract manufacturer serving medical device OEMs. Comparable to Velosity in capabilities (tooling, molding, assembly) and customer base in regulated medical markets.
- Cretex Medical: Medical device contract manufacturing and precision machining provider offering full-service production for regulated medical markets. Highly comparable to Velosity in customer base, regulatory focus, and Midwest US operations.
- Plastikos Medical: Specialty medical injection molding and contract manufacturer focused on highly regulated medical device applications. Comparable niche positioning and customer profile to Velosity's medical segment.
- Donatelle Plastics: Custom injection molding and contract manufacturer focused on medical device and life sciences applications. Closely comparable to Velosity in vertical specialization, regulatory expertise, and Midwest US footprint.
- Kaysun Corporation: Custom injection molding and contract manufacturer serving medical, aerospace, and industrial customers. Comparable in vertical integration, regulatory expertise, and program-based customer relationships.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Teamvantage social profiles
Digital presenceTeamvantage financial estimates
Financial estimateRevenue estimate
Valuation estimate
Teamvantage leadership team
Management profileNumber of profiles
Teamvantage subsidiaries and ownership
Company hierarchySubsidiaries3 records
Teamvantage funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Teamvantage M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Teamvantage
What does Teamvantage do?
Teamvantage, operating as Velosity, is a contract manufacturer that produces precision plastic and metal components through injection molding, CNC precision machining, and in-house tool design and fabrication. The company serves medical device, defense, aerospace, and industrial OEM customers with end-to-end services spanning prototype development, Design for Manufacturability (DFM) engineering, tooling, full-scale production, quality assurance, and program/technology transfer support. Manufacturing operations are conducted in FDA-registered (medical) and ITAR-registered (defense) facilities operating under ISO 13485 quality systems.
Is Teamvantage a public or private company?
Teamvantage is a private company. It is classified as unknown and is currently operating.
When was Teamvantage founded?
Teamvantage was founded in 1972. It employs 501 to 1,000 people.
Where is Teamvantage based?
Teamvantage is headquartered in Forest Lake, United States, in the North America region.
How does Teamvantage make money?
One revenue line is on record: contract Manufacturing Services.
Who are Teamvantage's main competitors?
Broad incumbents on record are Phillips-Medisize (Molex) and Jabil Healthcare. Direct peers are Paramit Corporation, Tessy Plastics, Mack Molding, Spectrum Plastics Group, Cretex Medical, Plastikos Medical, Donatelle Plastics and Kaysun Corporation.
Does Teamvantage have an API?
No public API is recorded for Teamvantage.
What industry is Teamvantage in?
Teamvantage's product category is Contract Manufacturing. Its primary akta.pro industry code is IMANAFAJ, Custom Injection Molding & Contract Manufacturing (Job Shops/CMs). Its NAICS code is 33324 and its SIC code is 3550.