Fractory, a Manchester, UK-based online metal fabrication platform, raised €7.5m in Series A funding.
The round was led by OTB Ventures, with support from existing investors including Trind Ventures, Superhero Capital, United Angels VC, Startup Wise Guys and Verve Ventures.
The company intends to use the funds to expand its operations internationally, setting-up services in new markets including, USA, France and Italy, and accelerate the development of its technology offering, including the automation of CNC machining, industrial 3D printing, additive manufacturing and casting.
Led by Martin Vares, Founder and Managing Director, Fractory leverages proprietary technology that simplifies and digitises the manufacturing process, allowing customers to swiftly upload CAD files for instant pricing; before assessing the availability, location, capabilities and materials required to engage with the right manufacturing partner.
Founded in Estonia, the company opened its international headquarters in Manchester in 2019. It now partners with hundreds of metal companies and supports more than 10,000 customers across industries including, Aerospace and Defence, Automotive, Robotics, Life Sciences, Agriculture and Construction. The size of Fractory’s customers range from sole traders and SME’s, to large multinational manufacturers.
FinSMEs
07/08/2021