Wikifactory, a Copenhagen-based online collaborative manufacturing platform, announced on Tuesday that it has secured $2.5M in pre-series A funding round.
Both existing and new investors, including Seier Capital, participated. It brings Wikifactory’s total funding to nearly $8M.
How will the funding be used?
The funds will enable Wikifactory to grow the company’s recently soft-launched collaborative manufacturing marketplace for production.
The marketplace will offer an online solution for anyone who wants to prototype and produce hardware anywhere.
It offers online quotes, global delivery, and faster production times for CNC machining, sheet metal, 3D printing, and injection moulding with 150+ materials and presets via global and local manufacturers.
Nicolai Peitersen, Danish-born Co-founder and Executive Chairman of Wikifactory says,“Wikifactory is working towards a bold, completely online alternative to the world’s fragile supply chain model. We’re really pleased that our investors want to make our vision become a reality and their expertise will help us. For example, Lars Seier Christensen will bring his blockchain expertise to the real world of manufacturing.”
Founded by Christina Rebel, Maximilian Kampik, Nicolai Peitersen, and Tom Salfield in 2019, Wikifactory enables developers, designers, engineers, and startups globally to collaborate, prototype, and produce hardware solutions in real-time that solve real-world problems.
The marketplace offers the capability for rapid prototyping and serial manufacturing of parts using CNC machining, sheet metal, 3D printing, and injection moulding with online quotes in 24 hours.
The company also has a 3D CAD tool that is compatible with over 30 file formats and enables real-time collaboration between engineers, designers, clients, and manufacturers.
More than 130,000 product developers from over 190 countries are currently using the platform to build robotics, electric vehicles, drones, agri-tech, sustainable energy appliances, lab equipment, 3D printers, smart furniture, and biotech fashion materials, as well as medical devices.
The company has partnered with OPEN!NEXT, on a 36-month project enabling small and medium-sized enterprises (SMEs) across seven European countries to engage in communities with consumers and makers, to fundamentally change how products are designed, produced, and distributed.
Additionally, the company has partnered with the Danish AM Hub – Denmark’s national focal point for Additive Manufacturing (AM), to help Danish production companies become world leaders in using AM for production.
Lars Seier Christensen, Seier Capital, says “The world of manufacturing is going online and with that, opportunities for new players have emerged. Wikifactory is well-positioned to become the go-to platform for developing and making physical products, and the opportunities to disrupt the entire value chain from design to production in a multi-trillion-dollar industry are staggering. The collaboration with my current project, Concordium blockchain, will help create a safe environment where all participants can identify themselves with certainty and protect their intellectual property rights.”