Partful secures £5m Series A funding from Northern Gritstone, Par Equity and Blumberg Capital
Northern Gritstone leads Series A round into the Manchester-based manufacturing technology platform.
Partful provides a 3D SaaS platform that transforms aftersales processes for original equipment manufacturers by automating the creation of interactive parts catalogues and work instructions.
Manchester-based aftersales technology provider Partful has secured £5m in a Series A funding round led by Northern Gritstone. The investment also drew participation from existing backers Par Equity and US-based Blumberg Capital.
The capital will be directed towards automating Partful's 3D software platform and accelerating commercial growth within the extensive aftermarket sector. The company provides manufacturers with interactive digital tools that simplify component identification and ordering.
Partful has built a customer base that includes Maeving, Lear, Kolpak, Triangle Tube, Ideal Heating, and Allett Mowers. The latest financing builds on earlier support from institutional backers, including a 2021 investment and 2023 follow-on by Par Equity.
Investor perspective
"Northern Gritstone is delighted to support Partful. This growing Manchester-based tech company has already won large OEM customers thanks to its technology and is set to create more jobs in its North of England team"
Duncan Johnson
CEO, Northern Gritstone
Use of funds
- 01Continue product development
- 02Expand into international markets
