About Fractory
Fractory is a company based in Manchester (United Kingdom) founded in 2017 by Joosep Merelaht, Rein Torm, and Martin Vares.. Fractory has raised $14.26 million across 7 funding rounds from investors including Kreos Capital, Startup Wise Guys and Contriber. The company has 39 employees as of September 30, 2024. Fractory offers products and services including Laser Cutting, CNC Machining, Prototyping, and Metal Bending. Fractory operates in a competitive market with competitors including Xometry, Fictiv, Origin, Sculpteo and Geomiq, among others.
- Headquarter Manchester, United Kingdom
- Employees 39 as on 30 Sep, 2024
- Founders Joosep Merelaht, Rein Torm, Martin Vares
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Sectors
TechnologyIndustrial Goods & Manufacturing
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Email
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Phone
*********
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Website
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Social
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- Legal Name Fractory Ltd
- Date of Incorporation 21 Mar, 2019
- Jurisdiction BOLTON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.26 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
Kreos Capital
& 11 more
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Employee Count
39
as on Sep 30, 2024
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Products & Services of Fractory
Fractory offers a comprehensive portfolio of products and services, including Laser Cutting, CNC Machining, Prototyping, and Metal Bending. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for precise cutting of metal sheets using laser technology.
Computer-controlled process for custom part manufacturing and finishing.
Platform for quick quotes and low-volume production of prototypes.
Bending of metal components for various industrial applications.
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Funding Insights of Fractory
Fractory has successfully raised a total of $14.26M across 7 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Last Round
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First Round
First Round
(01 Jun 2017)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Series A - Fractory | Valuation |
investors |
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| Sep, 2024 | Amount | Series A - Fractory | Valuation | SmartCap |
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| Nov, 2023 | Amount | Series A - Fractory | Valuation | Kvanted |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fractory
Fractory has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include Kreos Capital, Startup Wise Guys and Contriber. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage industrial tech startups are supported by Kvanted.
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Founded Year | Domain | Location | |
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Superhero Capital is focused on seed funding for startups.
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Founded Year | Domain | Location | |
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A venture capital fund focused on European deep-tech startups is operated.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fractory
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Fractory
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fractory Comparisons
Competitors of Fractory
Fractory operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Xometry, Fictiv, Origin, Sculpteo and Geomiq, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform for on-demand distributed manufacturing and prototyping is provided.
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| domain | founded_year | HQ Location |
On-demand manufacturing services are provided from prototyping to production.
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| domain | founded_year | HQ Location |
Additive manufacturing platform for mass production
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| domain | founded_year | HQ Location |
Cloud-based on-demand 3D printing services are provided for users.
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| domain | founded_year | HQ Location |
Cloud and tech-enabled on-demand manufacturing services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fractory
Frequently Asked Questions about Fractory
When was Fractory founded?
Fractory was founded in 2017.
Where is Fractory located?
Fractory is headquartered in Manchester, United Kingdom. It is registered at Manchester, Greater Manchester, United Kingdom.
Who is the current CEO of Fractory?
Martin Vares is the current CEO of Fractory. They have also founded this company.
Is Fractory a funded company?
Fractory is a funded company, having raised a total of $14.26M across 7 funding rounds to date. The company's 1st funding round was a Series A of $5.09M, raised on Jun 01, 2017.
How many employees does Fractory have?
As of Sep 30, 2024, the latest employee count at Fractory is 39.
What does Fractory do?
Fractory was founded in 2017 in Manchester, United Kingdom, as a cloud-based platform in the manufacturing sector. CAD files are uploaded by users for instant quotes on metal fabrication processes. Services encompass laser, plasma, flame, and waterjet cutting, along with welding, bending, and CNC milling for prototypes and industrial applications. AI algorithms are employed to match submissions with partners based on pricing, location, materials, and production methods.
Who are the top competitors of Fractory?
What products or services does Fractory offer?
Fractory offers Laser Cutting, CNC Machining, Prototyping, and Metal Bending.
Who are Fractory's investors?
Fractory has 12 investors. Key investors include Kreos Capital, Startup Wise Guys, Contriber, SmartCap, and Kvanted.
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