Our Investment in MacroFab
by Seth Levine
We’re excited to announce our investment in MacroFab’s Series C financing alongside Edison Partners and BMW Ventures. MacroFab was introduced to us by our partner firm, Techstars, who participated in its seed round in 2015 and we’ve been following the company’s impressive progress ever since. MacroFab is a cloud-enabled electronics manufacturing platform built to automate and optimize the manufacturing process. The company’s platform has a modern, easy to use interface to take information directly from the customer to the manufacturing floor, enabling clients to reduce the up-front cost and complexity of getting manufacturing jobs running. This is especially relevant in today’s market as companies are looking for manufacturing solutions in the face of supply chain issues. Founded in Houston, Texas in 2013 by current Chief Product Officer, Chris Church, and Lead Electrical Designer, Parker Dillmann, MacroFab simplifies manufacturing with a software-driven approach to building electronics at scale.
We have been interested in this space for some time. The digital manufacturing market is growing, fueled by the need for redundancy and resilience from off-shore manufacturing. Macrofab addresses those challenges facing engineers, purchasers, and supply chains by bringing together the best factories in North America and production expertise thus providing seamless and transparent manufacturing from prototype to fulfillment. MacroFab’s cloud platform enables next generation manufacturing with factory elasticity, supply chain resilience, inventory management, along with better cost control and time to market. With hundreds of production lines, transparent communication, and real-time manufacturing data, MacroFab is leading the emerging digital manufacturing market.
MacroFab’s strong executive team is led by Misha Govshteyn, who previously co-founded and built Alert Logic into one of the fastest growing companies in the security industry with over 4,000 customers, $140M+ in revenue. After serving on MarcoFab’s board, Misha joined co-founders, Chris and Parker, as the company’s CEO and has built a powerhouse team of operations, product, and marketing leaders. Their customer list includes Tesla, Amazon, Stanley Black & Decker, and Dow among many others. We are thrilled to partner with MacroFab as they build innovative solutions for electronics manufacturing and fulfillment.