Fractory, a cloud-based metal fabrication platform, raised USD 9 million as Series A. The funding round was led by OTB Ventures with existing investors Trind Ventures, Superhero Capital, United Angels VC, Startup Wise Guys, and Verve Ventures also participating. The investment will be used to expand to new markets, increase the team and further automate production processes.
Fractory (https://fractory.com/), founded in 2017 in Estonia, is connecting engineers to production capacity around the world through an automated platform. The system encompasses CAD file processing, instant pricing, job distribution and aggregation, invoicing, and even transportation.
Hedman prepared all the necessary documents related to the investment.