MacroFab, a Houston, Texas-based cloud manufacturing platform for building electronics from prototype to high-scale production, with a network of more than 100 factories across North America, announced $42 million in new growth capital.
The round was led by Foundry and joined by BMW i Ventures and existing investors Edison Partners and ATX Venture Partners.
With this funding, MacroFab has raised a total of $82 million, enabling the company's accelerated growth amid the ongoing transformation of global supply chains.
"Electronics manufacturing is moving toward resilience and flexibility to reduce supply chain disruptions. These are long-term trends recognized by Foundry and BMW i Ventures, who joined this round as investors," said Misha Govshteyn, MacroFab's Chief Executive Officer. "We are in the earliest stages of repositioning the supply chain to be more localized and focused on what matters to customers most—the ability to deliver products on time, meet changing requirements, and achieve a more sustainable ecological footprint. MacroFab is fundamental to building this new operating model."
MacroFab's shipments were up 275 percent year-over-year as more companies moved their electronics production to North America. The company has doubled its workforce and opened a new facility in Mexico to help customers manage inventory and reduce the impact of tariffs.
The platform MacroFab has built helps manage electronics manufacturing and provides customers with unparalleled visibility into their production.
Company: MacroFab Inc.
Raised: $42.0M
Round: Growth Capital
Funding Month: January 2023
Lead Investors: Foundry
Additional Investors: BMW i Ventures, Edison Partners, and ATX Venture Partners
Company Website: https://macrofab.com/
Software Category: PCB & Cloud Manufacturing
About the Company: MacroFab is a cloud-enabled technology platform designed to automate and optimize electronics manufacturing processes. MacroFab operates the largest technology platform for electronics manufacturing from prototype to high-scale production, with a network of 100+ factories across North America. MacroFab's cloud manufacturing platform and marketplace enable the production of electronics faster, more efficiently, and closer to end-users than ever before, while leveraging AI-enabled sourcing opportunities, expert internal teams, and an easy-to-use platform.
Source: https://macrofab.com/blog/macrofab-secures-growth-financing-from-foundry-edison-partners-bmw-i-ventures/