Partful, a Manchester, England-based company that provides 3D parts catalog and work instructions software and has received £2.4 million in funding to accelerate the development of its 'exploding' 3D parts SaaS platform.
The round was led by Par Equity, with participation from US-based Blumberg Capital. This latest investment will enable an expansion of the engineering team developing Partful's innovative platform, supporting the manufacturing industry's transition to the circular economy.
The funding will also enable faster growth in the European and U.S. markets and accelerate Partful's adoption.
Partful's platform is a digital 3D interactive parts catalog and work instructions support tool that enables users to identify product parts quickly and accurately using a 3D explosion view — and then place orders directly with the manufacturer.
Its work instructions module also provides a step-by-step guide for product repairers and on-the-job training for maintenance engineers.
Sam Burgess, CEO, and co-founder of Partful, said: "This funding is great news as it will help propel the development of our 'exploding' 3D parts platform and help us scale our growth by catering to a larger audience. We're incredibly excited about unleashing the potential of this technology on a global scale. We are also expanding our commercial force to take our product to more U.S. and European clients. I'm thrilled to have partners on board who share that vision and want to make this a reality as soon as possible."
Company: Partful (SamsonVT Company)
Raised: £2.4M
Round: Unknown
Funding Month: July 2023
Lead Investors: Par Equity
Additional Investors: Blumberg Capital
Company Website: https://partful.io/
Software Category: 3D Explosion Parts Catalog and Work Instructions Software
About the Company: Partful is a developer of 3D explosion parts catalog and work instructions software intended to improve the efficiency of maintenance and repair operations. The company's platform provides a fully interactive 3D experience that allows users to quickly and easily identify, locate, and order the correct parts, enabling businesses to reduce downtime, improve safety, and save money. Partful counts Lotus Cars, Norton Motorcycles, and IDEX Corporation among its customer base, as well as three brands in the emerging electric vehicle sector – Maeving, GOVECS, and Dragonfly Hyperscooter.
Source: https://tech.eu/2023/07/26/partful-raises-ps24m-in-to-fuel-global-expansion-of-its-exploding-3d-parts-saas-platform-for-manufacturers/