MacroFab Announces $2 Million In Seed Funding

Financing Led by Techstars Will Help Company Expand Cloud-Based Electronics Manufacturing Platform

Jul 28, 2015, 13:28 ET from MacroFab

HOUSTON, July 28, 2015 /PRNewswire/ -- MacroFab, a cloud-enabled electronics manufacturing platform designed to make it easier, faster, and less expensive to get new electronics manufactured, today announced a $2 million seed round of funding led by Techstars. The company will use the funds to grow its team and expand the software and manufacturing capabilities of the platform, including turnaround on turnkey prototypes in as little as 24 hours.

"The traditional manufacturing process is broken," said Chris Church, founder and CEO of MacroFab. "Third parties drive prices up while unnecessary complexities cause confusion for new businesses. We are solving what has previously been a disjointed process. By building the products in-house, MacroFab is able to eliminate excess costs and minimize overhead. This backing will allow us to hire the additional development talent needed to expand the software capabilities of our platform."

MacroFab is solving the frustrations small businesses have with prototype production by making small-batch manufacturing easier and more affordable. Through MacroFab, hardware startups can upload their designs, get an automatic quote, and order prototypes or production runs through the online cloud-based platform. The Houston-based company is dedicated to providing complete transparency through an interactive manufacturing operations platform, allowing entrepreneurs total control over their product from design to customer delivery. These unique service offerings allow startups to test new products and markets without the capital risk of having to do large manufacturing runs, providing a holistic approach with the rapid turnaround necessary for a startup.

In addition to the funding, MacroFab announced the addition of Jason Seats, Managing Director of Techstars in Austin, to its board of directors. "Over the last decade cloud hosting has dramatically changed the way that software products are built," Seats said. "MacroFab is bringing this same evolution to electronics manufacturing. MacroFab gives hardware companies a better way to design and produce, by saving time and money, and bringing flexibility and transparency to the entire process."

For more information on MacroFab and to experience its interface first hand, visit http://macrofab.net/.

About MacroFab

MacroFab is a cloud-enabled electronics manufacturing platform designed to make it easier, faster, and less expensive to get new electronics manufactured while providing complete transparency in the process. MacroFab's technology takes information directly from the customer, via a modern easy-to-use web interface or via REST APIs, to the manufacturing floor reducing the up-front cost and complexity of getting manufacturing jobs running. All assembly is performed on MacroFab's manufacturing line in Houston, TX. Founded by a team of entrepreneurs and electronics engineers in 2013, MacroFab is angel funded and based in Houston, TX. For more information, visit http://macrofab.net/.

About Techstars

Techstars is a global ecosystem empowering entrepreneurs to bring new technologies to market. Techstars manages more than $300M in investment capital and is currently investing out of their third fund which is $150 million and focuses on Seed and Series A investments. The venture funds primarily co-invest alongside the venture capital and angel communities in Techstars accelerator program graduates, new companies started by Techstars alumni, and companies formed by Techstars mentors.

Logo - http://photos.prnewswire.com/prnh/20150727/246325LOGO

 

SOURCE MacroFab



RELATED LINKS

http://macrofab.net