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Partful raises £2.4m for 3D models of manufacturing gear

The Partful team. Image credit: Partful

Manchester-based startup Partful, which develops 3D models of manufacturing equipment for product discovery, has raised £2.4m in funding.

Founded in 2017, Partful has developed an interactive catalogue of 3D digital manufacturing equipment.

Users can identify parts through the catalogue and then place orders directly with the manufacturer. Partful also provides work instruction modules that contain step-by-step instructions for product repairs and training.

The company said its platform has been used by global brands including Lotus, Norton and BAE Systems.

“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,” said Sam Burgess, co-founder and CEO of Partful.

“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 US and European clients.”

The equity funding round was led by Par Equity with participation from Blumberg Capital and brings the total amount raised by the company to £6.2m.

“We see the $400bn aftermarket as a realm full of untapped opportunities. The success of Partful’s platform, characterised by its impressive customer acquisition and revenue growth, serves to validate our conviction in the game changing potential of its innovative 3D parts platform,” said Tom Croy, investment director at Par Equity.

“We are excited to support Partful’s journey, not just as investors but as staunch believers in their vision to revolutionise the industry and fuel a global shift in the aftermarket.’’