Total amount raised
$193 Millions
Latest funding date
5/1/2022
Location
Fictiv has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company's platform offers comprehensive custom manufacturing solutions, from prototyping to full-scale production.
Keep reading to explore the intricacies of Fictiv's fundraising journey and the investors backing this innovative platform.
What Is Fictiv?
Fictiv, founded in 2013 by Dave Evans and Nathan Evans, is headquartered in San Francisco, California. The company specializes in custom manufacturing solutions, leveraging a digital supply chain platform to streamline the production process from prototyping to full-scale manufacturing.
Fictiv's platform offers a range of services, including CNC Machining, Sheet Metal, Injection Molding, Die Casting, 3D Printing, Compression Molding, and Urethane Casting. Their intelligent operating system ensures fast, high-quality manufacturing by orchestrating a network of vetted partners worldwide.
With a team of 251-500 employees, Fictiv has successfully manufactured over 25 million parts for both early-stage companies and large enterprises, making custom manufacturing faster, easier, and more efficient.
How Much Funding Has Fictiv Raised?
- Series A
- Amount Raised: $9.6M
- Date: August 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation for scaling operations and expanding the customer base.
- Series B
- Amount Raised: $15M
- Date: May 2018
- Lead Investors: Sinovation Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's capabilities and expand the global network of manufacturing partners.
- Series C
- Amount Raised: $33M
- Date: March 2019
- Lead Investors: G2 Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and improve supply chain efficiency.
- Series D
- Amount Raised: $35M
- Date: February 2021
- Lead Investors: 40 North Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and further develop the digital manufacturing ecosystem.
- Series E
- Amount Raised: $100M
- Date: May 2022
- Lead Investors: Activate Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To advance digital manufacturing adoption, decrease supply chain risks, and accelerate time to market for product companies.
Total Amount Raised: $192.6M. Current Valuation: Not publicly disclosed.
Key Investors
- Activate Capital Partners
- Details: Activate Capital Partners is a venture capital firm that led Fictiv's Series E funding round. They focus on investing in companies that drive sustainable transformation.
- Investment Focus Areas: Energy, healthcare, space, transportation.
- Notable Investments: Honeywell, Stem, Inc., Urbint.
- 40 North Ventures
- Details: 40 North Ventures is a venture capital firm that led Fictiv's Series D funding round. They invest in companies that are at the forefront of industrial innovation.
- Investment Focus Areas: Industrial technology, advanced manufacturing, digital transformation.
- Notable Investments: Not publicly disclosed.
- G2 Venture Partners
- Details: G2 Venture Partners is a venture capital firm that led Fictiv's Series C funding round. They focus on investing in technology companies driving sustainable transformation.
- Investment Focus Areas: Technology-driven sustainability, industrial technology, digital transformation.
- Notable Investments: Proterra, Arcadia, Aurora Solar.
- Sinovation Ventures
- Details: Sinovation Ventures is a venture capital firm that led Fictiv's Series B funding round. They specialize in early-stage investments in technology and innovation.
- Investment Focus Areas: Artificial intelligence, robotics, education technology.
- Notable Investments: Megvii, Mobvoi, VIPKid.
- Accel
- Details: Accel is a global venture capital firm that has been an existing institutional investor in Fictiv. They invest in early and growth-stage technology companies.
- Investment Focus Areas: Technology companies, software, internet services.
- Notable Investments: Facebook, Dropbox, Slack.
What's Next for Fictiv?
Fictiv stands at the cusp of a transformative era in digital manufacturing. With the recent $100 million Series E funding, the company is poised to accelerate product innovation, decrease supply chain risks, and expand its digital manufacturing capabilities. The opportunities are vast, as Fictiv aims to virtualize complex manufacturing workflows and provide reliable, transparent sourcing solutions. The company’s growth trajectory, marked by a 100% year-over-year increase in core business revenue, underscores the immense potential ahead.
Future fundraising opportunities seem promising, given the substantial interest from high-profile investors. As Fictiv continues to scale, additional funding rounds could further enhance its technological advancements and market reach. However, the path forward is not without challenges. Managing a globally dispersed partner network, maintaining high production speed and quality, and addressing continuous supply chain disruptions will be critical hurdles. Yet, with its innovative approach and robust digital platform, Fictiv is well-positioned to navigate these challenges and lead the digital manufacturing revolution.
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