Funding round
Fractory Series A
Fractory, which works in metal fabrication and casting services in Manchester, raised $9.0M in a Series A round announced on 6 Sep 2021, led by OTB Ventures. 6 firms took part. It is Fractory's second venture round on record; the one before was a Seed in Jul 2019.
$9.0M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Fractory did not disclose a valuation in this round. It came 26 months after Fractory's Seed. No later venture round is on record for Fractory.
Fractory's funding rounds
Fractory has 2 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 25 Jul 2019, led by Trind Ventures and United Angels VC amount not disclosed
- Series A this round 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
OTB Ventures led the round with 5 other firms.
Lead investor
- OTB Ventures backs 27 venture-backed companies new investor
Also in the round
- backs 17 venture-backed companies new investor
- backs 26 venture-backed companies new investor
- backs 9 venture-backed companies new investor
- backs 30 venture-backed companies new investor
- backs 80 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
7 Series A rounds in Metal Fabrication Services within a year either side disclosed an amount; the median was $8.0M, and this round was close to the median. The closest in time, other companies' Series A rounds in Metal Fabrication Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Phoenix Tailings Metal Fabrication Services | 1 Aug 2021 | $10M | not disclosed | not named |
| Metal Fabrication Services | 20 Jul 2021 | $19M | not disclosed | Intel Capital |
| Metal Fabrication Services | 17 Nov 2021 | $16M | not disclosed | Innovation Endeavors |
| Metal Fabrication Services | 29 Nov 2021 | $8.0M | not disclosed | Blackbird |
| Metal Fabrication Services | 9 Nov 2021 | $7.0M | not disclosed | Energy Capital Group and Alturki Ventures |
| Metal Fabrication Services | 10 Feb 2022 | $2.9M | not disclosed | AM Ventures |
| Metal Fabrication Services | 1 Jun 2022 | $6.4M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Fractory raise in its Series A round?
Fractory raised $9.0M in its Series A round, announced in Sep 2021.
Who led Fractory's Series A round?
OTB Ventures led it, with Trind Ventures, Superhero Capital, United Angels VC, Startup Wise Guys and Verve Ventures.
What was Fractory's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Metal Fabrication Services?
7 Series A rounds in Metal Fabrication Services within a year either side disclosed an amount; the median was $8.0M, and this round was close to the median.