MacroFab Raises $42M in Growth Financing

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MacroFab, a Houston, TX-based cloud manufacturing platform for building electronics, raised $42M in new growth funding. 

The round was led by Foundry and joined by BMW i Ventures, as well as existing investors Edison Partners and ATX Venture Partners.

The company, which has raised a total of $82M, intends to use the funds to continue to expand operations and its business reach.

Led by Misha Govshteyn, Chief Executive Officer, MacroFab operates a technology platform for electronics manufacturing from prototype to high scale production, with a network of 100+ factories across North America. The platform helps manage electronics manufacturing and provides customers with visibility into their production.

MacroFab’s shipments were up 275% year-over-year, as more companies moved their electronics production to North America. The company has doubled its workforce and opened a new facility in Mexico.

FinSMEs

18/01/2023

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