What is Factory?
Headquartered in Sydney, Factory is a Software-as-a-Service company specializing in manufacturing process management. Founded by brothers Paul and Michael Lutkajtis, the platform is engineered to assist small and medium-sized fabrication and manufacturing enterprises in managing their operations from initial quote to final delivery and purchasing. Through customizable tools, Factory empowers manufacturers across multiple international markets to streamline their workflows, enhance production visibility, and optimize operational efficiency.
How much funding has Factory raised?
Factory has raised a total of $4.3M across 2 funding rounds:
Angel/Seed
$1.1M
Series A
$3.3M
Angel/Seed (2023): $1.1M with participation from 1in100 Ventures, Investible, and Beachhead Venture Capital
Series A (2026): $3.3M led by Shearwater Capital, Beachhead Venture Capital, and Investible
Key Investors in Factory
Investible
Investible is an early-stage venture capital firm focused on supporting visionary tech entrepreneurs across the Asia-Pacific region. The firm invests in companies from Pre-Seed to Series A through its generalist and climate tech funds, partnering with over 150 startups globally. Investible also operates Club Investible, a global investor syndicate that includes over 250 members who collaborate in identifying and supporting investment opportunities. Their unique investment model emphasizes early-stage advantage and ongoing growth investment.
Beachhead Venture Capital
Beachhead Capital is a venture capital firm that invests in high-growth Australian companies aiming for rapid expansion and success. They focus on early-stage businesses led by exceptional entrepreneurs, providing not just capital but also guidance and strategic support. The firm seeks to partner with businesses that have a unique competitive advantage and are looking for both financial investment and strategic development. With a hands-on approach and a team experienced in building and exiting businesses, Beachhead aims to maximize value for both the entrepreneurs and potential acquirers.
Shearwater Capital
Shearwater Capital is a $100 million venture fund investing in technology start-ups with a focus on founders who are passionate about building generationally great companies. The firm operates differently from traditional venture funds by investing their own capital and prioritizing integrity and alignment with founders. They seek out fast-growing tech companies that solve significant problems and have business models resembling recurring revenue. With no fund horizons or limitations, they aim to support exceptional companies in their long-term growth.
What's next for Factory?
The recent major strategic investment signifies a pivotal moment for Factory, likely indicating a transition into a scaling phase. This capital injection, part of its $4.3M in total financing, will probably be directed towards expanding its sales and marketing efforts, further developing its platform's advanced features, and potentially entering new international markets. The company's focus on providing tailored solutions for SMB manufacturers positions it for continued growth in a sector ripe for digital transformation.
See full Factory company page
