AirTree Ventures
Assembly Line
Phasio Receives $2.5M to Streamline Communication for Digital Manufacturing
Phasio provides a digital manufacturing platform that streamlines communication and collaboration between manufacturers and their customers. To do this, it offers features like automated order acceptance, personalized quoting, and integrated messaging for product design and production order management. Driving the startup’s efforts forward is a $2.5 million seed investment, led by Airtree Ventures, with participation from 500 Global, Entrepreneur First, Michael Sorkin’s Gattaca Ventures, and Tan Teik Guan.
Phasio’s seed funding will be used to support its go-to-market strategy, further expanding its reach in the manufacturing industry. Currently, the startup reaches out to manufacturers directly and has gained traction through word of mouth. Recognizing the need for high-quality content in the manufacturing sector, Phasio is also laying the groundwork to establish a community-level knowledge-sharing platform for manufacturers, aiming to provide valuable resources for manufacturers of all sizes to contribute to and learn from.
Phasio pockets $3.8 million Seed raise
Phasio, a manufacturing design collaboration and quotation software startup, has raised $3.8 million in a Seed round to bring the process into the digital age. Phasio was founded in 2021 by Harry Lucas and ex-CSIRO researcher Sudharshan Raman, Phasio is digitising how manufacturers quote, design and collaborate with customers, bringing a Google Docs-like approach to the design phase. The round was led by AirTree Ventures with support from Michael Sorkin’s Gattaca Ventures, Canva backer 500 Global and Entrepreneur First.