CADDi, a Tokyo, Japan-based global procurement solutions provider for the manufacturing industry, has raised $89 million in Series C funding, raising its total capital to $164 million.
The round was co-led by existing investors, including Globis Capital Partners, DCM Ventures, Global Brain, World Innovation Lab (WiL), JAFCO Group, and Minerva Growth Partners, with participation from four new investment partners.
The new investment will be primarily deployed to enhance CADDi manufacturing and CADDi Drawing and expand its global workforce, aiming to reach its goals of posting $10 billion in revenue from CADDi manufacturing and $1 billion in revenue from CADDi Drawer by 2030.
CADDi aims to revolutionize the manufacturing sector by providing two innovative solutions: CADDi Manufacturing, a parts procurement platform, and CADDi Drawer, a cloud service for managing drawing data.
The company, which has a strong presence in Japan, is also concentrating on international expansion. CADDi is committed to rapid expansion in pursuit of its mission to unlock the potential of customers, partners, employees, and all entities engaged in manufacturing
Company: CADDi Inc.
Raised: $89.0M
Round: Series C
Funding Month: July 2023
Lead Investors: Globis Capital Partners, DCM Ventures, Global Brain, World Innovation Lab (WiL), JAFCO Group, and Minerva Growth Partners
Additional Investors:
Company Website: https://caddi-inc.com/en/
Software Category: Procurement Solution
About the Company: Founded in 2017 by Yushiro Kato, and Aki Kobashi, CADDi is a global supply chain company on a mission to "unleash the potential of manufacturing". CADDi offers two major solutions: CADDi Manufacturing, a parts procurement platform, and CADDi Drawer. The company’s Manufacturing platform streamlines procurement work and aggregates orders, leading to optimal prices, high on-time delivery rates, and low non-defective rates. On the other hand, CADDi Drawer provides access to comprehensive procurement data and details that impact quality, cost, and delivery, helping manufacturers improve their operations. With 590 employees globally, it has recently established a US division and Mexico supplier operations to cater to American manufacturers. In Asia, CADDi has offices in Vietnam and Thailand.
Source: https://caddi-inc.com/en/news/#/pressreleases/caddi-raises-89-dollars-million-in-series-c-funding-funding-will-be-used-to-accelerate-digital-transformation-in-manufacturing-the-worlds-largest-industry-3263155