Prima
Assembly Line
Prima Secures $42.5 Million to Transform Manufacturing Across North America
Prima, a technology-first manufacturing and supply chain integrator creating a more reliable procurement experience for North American companies, announced that it has raised USD $23 million in funding, bringing its total funding in previously-undisclosed rounds to USD $42.5 million. Prima’s investors include Acrew, Quona Capital, Nazca, Greenoaks, Canary, NXTP, Picus Capital, Endeavor, Fluent Ventures, K50 Ventures, Marathon Ventures, Box Group and WTI, as well as 110+ angel investors from the industrial ecosystem. The funds will allow Prima to expand its operations and continue its quest to elevate Mexico’s manufacturing base to higher standards and address key industry issues of availability, quality, fulfillment rates, and cost – all of which have long plagued manufacturing and supply chains in Mexico in particular.
Prima manages every step of the manufacturing process, from design, engineering and raw material procurement to factory floor operations, quality control and delivery. The company currently works with more than 150 companies across North America across mining, cement and energy; retail and hospitality; industrial equipment procurement; electrical and electronic components and more. Prima’s innovative and holistic approach has fueled the company’s rapid growth, as it gains a foothold in the U.S.