Wikifactory, a Copenhagen, Denmark-based online platform for collaboratively creating physical products, raised $2.5 million in pre-series A funding.
Backers included existing shareholders and new investors including, the investment vehicle of Lars Seier Christensen. Bringing Wikifactory's total funding raised to date nearly $8 million.
The company intends to use the funds to grow its manufacturing marketplace which soft-launched earlier this year to offer an online solution for anyone to prototype and produce hardware.
Company: Wikifactory Ltd.
Round: pre-series A
Funding Month: May 2022
Lead Investors: Lars Seier Christensen
Company Website: https://wikifactory.com/
Software Category: SaaS platform for Collaborative Product Development and Manufacturing
About the Company: Led by Nicolai Peitersen, Executive Chairman, Wikifactory enables developers, designers, engineers, and startups from across the globe to collaborate, prototype, and produce hardware solutions in real-time that solve real-world problems. The company is working to build the Internet of Production, which is an emerging concept of a distributed, interoperable, open standards-based system, that links together product definitions, software services, and manufacturing-as-a-service (MaaS) solutions. 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.