Geomiq raises £2.9m in a seed round led by Samaipata to scale its manufacturing platform
The seed funding round was led by Samaipata with participation from Sova VC, Fuel Ventures, Tekton Ventures, and Eka Ventures.
Geomiq operates a digital B2B manufacturing platform that connects engineers with suppliers to streamline contract manufacturing. The company delivers components globally for major industrial and transport brands.
Geomiq has secured £2.9m in a seed round led by Samaipata to scale its digital manufacturing operations. The capital injection sees participation from a consortium including Sova VC, Fuel Ventures, Tekton Ventures, and Eka Ventures. The company intends to direct the proceeds towards expanding its workforce of industry experts, furthering product development, and growing its domestic partner network.
From the founder
"During a global pandemic, we have proven that online manufacturing as a service (MaaS) plays a critical role in the industry's future. Primarily driven by supply quality and more demand than ever for a digital and agile solution, we have an ambitious product roadmap, and are set to supercharge our custom technology with the great support of our recent investors, who share our vision for becoming the UK leader in online manufacturing – watch this space!"
Sam Al-Mukhtar
Co-founder and CEO at Geomiq
Investor perspective
"Geomiq is perfectly positioned at the forefront of a digital revolution within the manufacturing industry, and has an extremely talented and mission-driven team looking to solve a problem they faced personally as engineers. The team here at Samaipata are thrilled to support Geomiq on their quest to build the world's best and most sustainable manufacturing supply chain."
Jose Del Barrio
Founder and Managing Partner, Samaipata
Use of funds
- 01Grow the team
- 02Continue product development
- 03Expand into international markets
