Fractory raises £6.5m Series A investment led by OTB Ventures to fund global expansion
The Series A round was led by OTB Ventures and will support international expansion and platform development.
Fractory operates an online metal fabrication platform that digitises manufacturing supply chains through automated partner networks. The company connects customers with production partners to streamline procurement and reduce delivery times.
Fractory has secured £6.5m in Series A funding led by OTB Ventures, with participation from existing backers including Trind Ventures, Superhero Capital, United Angels VC, Startup Wise Guys and Verve Ventures. The capital will be directed towards international expansion into the US, France and Italy, alongside software development for new manufacturing capabilities such as CNC machining and industrial 3D printing.
The company has experienced increased demand during recent supply chain disruptions, allowing clients to maintain continuity by automatically switching between production partners. Since early 2020, revenue has grown significantly as manufacturers turn to digital solutions to improve efficiency and reduce carbon emissions.
From the founder
"We are thrilled to have raised our latest level of funding and partnering with great investors as we embark on our exciting next stage of growth. The investment will be put towards improving and expanding our services, both in terms of manufacturing capabilities and geography. Since starting operations in Manchester, Fractory has played a vital role in helping to digitise the UK’s metalworks industry, which we believe will be essential for its survival. We can’t wait to expand our platform to help more manufacturers and markets across the globe."
Martin Vares
Founder and Managing Director at Fractory
Investor perspective
"Fractory has created an enterprise software platform like no other in the manufacturing setting. Its rapid customer adoption is clear demonstrable feedback of the value that Fractory brings to manufacturing supply chains with technology to automate and digitise an ecosystem poised for innovation. We have invested in a great product and a talented group of software engineers, committed to developing a product and continuing with their formidable track record of rapid international growth."
Marcin Hejka
Managing Partner, OTB Ventures
Use of funds
- 01Expand into international markets
- 02Continue product development
Investors
Marcin Hejka
OTB Ventures
Trind Ventures
Superhero Capital
United Angels
Startup Wise Guys
Verve Ventures