Partful
Assembly Line
Partful’s 3D models ‘explode’, and so does its funding with €6 million secured to develop SaaS platform
Partful, a Manchester-based startup specialising in interactive 3D technology, has raised €6 million to accelerate the automation of its 3D aftersales SaaS platform for original equipment manufacturers (OEMs). The funding round was led by Northern Gritstone, with participation from Par Equity and US-based Blumberg Capital. This latest investment brings Partful’s total funding to €13.5 million since receiving €2.8 million in July 2023 and its first seed round in January 2022.
Since its inception in 2017, Partful has focused on creating user-friendly, accessible solutions to streamline aftersales operations for OEMs. Available in 71 languages, the platform seeks to reduces costly order errors, improves manufacturer revenues, and limit product downtime by enabling faster parts fulfilment and repair processes.
According to Partful, the manufacturing aftersales market is valued at €607 billion globally, and Partful’s technology is well-positioned to engage in its digital transformation. The platform has already been adopted by OEM customers such as Lotus, Lear, Kolpak, and Ideal Heating.
Partful Receives £2.4M to Transform the Manufacturing Industry's Aftermarket
Aftermarket technology specialists, Partful, has received £2.4M in funding to accelerate the development of its ‘exploding’ 3D parts SaaS platform – which is transforming the industry’s approach to a global aftermarket worth $400BN. Led by Par Equity, with participation from US-based Blumberg Capital, it takes the total investment from Par Equity and Blumberg Capital to £6.2M in the last 18 months.
This latest investment will enable an expansion of the engineering team developing Partful’s innovative platform, which is supporting the manufacturing industry’s transition to the circular economy. The funding will also enable faster growth in the European and U.S. markets and accelerate Partful’s adoption. The platform is helping global OEMs, such as Lotus, Norton and BAE Systems, to create user friendly after sales experiences that are helping to eradicate costly order errors, protect manufacturer revenues and limit product downtime, by enabling faster part fulfilment and repair.