Funding round
Fractory Seed
Fractory, which works in metal fabrication and casting services in Manchester, raised an undisclosed amount in a Seed round announced on 25 Jul 2019, led by Trind Ventures and United Angels VC. 6 firms took part. It is Fractory's first venture round on record.
Undisclosed
Amount raised
Not disclosed
Post-money valuation
6
Investors
2 leads
Valuation
What this round says about the price
Fractory did not disclose a valuation in this round. It is Fractory's first venture round on record, 2 years after it was founded in 2017. Fractory raised again 26 months later: a Series A round of $9.0M in Sep 2021.
Fractory's funding rounds
Fractory has 2 venture rounds on record and 1 other deal. This one is highlighted.
- Seed this round 25 Jul 2019, led by Trind Ventures and United Angels VC amount not disclosed
- Series A 6 Sep 2021, led by OTB Ventures $9.0M
- Other not a venture round 7 Nov 2023, led by Kvanted $5.1M
Investors
Who put money in
Trind Ventures and United Angels VC led the round with 4 other firms.
Lead investors
- backs 17 venture-backed companies new investor
- backs 9 venture-backed companies new investor
Also in the round
- Contriber Ventures new investor
- backs 13 venture-backed companies new investor
- backs 30 venture-backed companies new investor
- Nordic Angel Program new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Seed rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Pharmaceutical Products | 11 Jul 2019 | $11M | not disclosed | Horizons Ventures |
| Loans & Financing | 18 Jul 2019 | $7.1M | not disclosed | Montage Ventures |
| Tech Companies | 24 Jul 2019 | $7.0M | not disclosed | Atomic |
| Media Companies | 2 Jul 2019 | $6.8M | not disclosed | E.ventures and Heartcore Capital |
| Biotechnology | 8 Jul 2019 | $6.5M | not disclosed | Dementia Discovery Fund and Dolby Family Ventures |
| Veterinarians & Animal Hospitals | 8 Jul 2019 | $6.0M | not disclosed | not named |
| Biotechnology | 1 Jul 2019 | $6.0M | not disclosed | 8VC |
| Tech Companies | 11 Jul 2019 | $6.0M | not disclosed | Korea Investment Financial Holding |
Sources
Where this comes from
Reported by 1 source. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Fractory raise in its Seed round?
Fractory did not disclose the amount of its Seed round, announced in Jul 2019.
Who led Fractory's Seed round?
Trind Ventures and United Angels VC led it, with Contriber Ventures, Spring Capital, Startup Wise Guys and Nordic Angel Program.
What was Fractory's valuation at the Seed round?
It was not disclosed.
Did Fractory raise again after this round?
Yes: a Series A round in Sep 2021 of $9.0M.