MacroFab, a Houston, TX-based digital platform for electronics manufacturing, raised $15m in Series B funding.
The round was led by Edison Partners, with participation from prior investor ATX Venture Partners and Altium Limited. In conjunction with the funding, Daniel Herscovici, Partner, Edison Partners, will join MacroFab’s Board of Directors.
The company intends to use the funds to accelerate expansion in North America, including increased investment in R&D, sales/marketing and opening of a new distribution center for international logistics this summer.
Led by Misha Govshteyn (CEO), Chris Church (Founder and Chief Product Officer) and Chris Granberry (COO), MacroFab provides supply chain teams with a digital platform to build everything from PCB assemblies to fully tested and packaged electronics products. Enterprises use the system to consolidate vendors or reshore production from China to North America. MacroFab aggregates unused capacity at 75+ factories in the US, Canada and Mexico to give mid-market companies an alternative to offshoring, where capacity is increasingly constrained and lead times are impacted by supply chain and freight disruptions.