{"id":3978,"date":"2019-07-25T10:33:00","date_gmt":"2019-07-25T07:33:00","guid":{"rendered":"https:\/\/fractory.com\/?p=3978"},"modified":"2024-05-14T18:05:02","modified_gmt":"2024-05-14T15:05:02","slug":"fractory-investment","status":"publish","type":"post","link":"https:\/\/fractory.com\/fractory-investment\/","title":{"rendered":"Sheet Metal Processing Platform Raises Seven Figures"},"content":{"rendered":"

Fractory, a platform focusing on sheet metal production services<\/a>, has raised a 7-figure sum. The seed round investment comes only half a year after the previous round. Based on the recent success, existing and new investors saw an opportunity for further acceleration of progress.<\/span><\/p>\n

Manufacturing-as-a-Service<\/h2>\n

Manufacturing-as-a-Service is gaining ground. Traditionally, ordering manufacturing takes a lot of time and effort. Now, the old way of constant e-mailing and back-and-forth calling is being replaced by online manufacturing. With half of Fractory\u2019s team comprised of mechanical engineers, they were well acquainted with the problems in manufacturing.<\/span><\/p>\n

\u201cThe sheet metal industry needs simple solutions to help the transformation towards Industry 4.0. <\/span>Fractory<\/span> offers just that. Our clients can minimise the time spent on procurement processes<\/a> without implementing new software. The ability to compare prices and go from quoting to ordering in under a minute<\/a> has been a great incentive to use our service,\u201d explained Martin Vares, the CEO of Fractory.<\/span><\/p>\n

“While online B2B platforms have evolved in many other industries, sheet metal industry has largely been untouched. During the last year, Fractory has successfully deployed its platform in a number of countries, with a steady 80% quarterly revenue growth. We see the potential for Fractory to be established as the leading European platform in this large industrial segment,”\u00a0 said Gerri Kodres, founding partner of United Angels VC.<\/span><\/p>\n

Saving \u00a310,000 per Engineer Annually<\/h2>\n
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