What is Factory?
Factory operates at the intersection of industrial technology and cloud-based workflow automation. Founded by Paul and Michael Lutkajtis, the company provides a comprehensive manufacturing process management platform that addresses the end-to-end needs of fabrication businesses. From initial quoting and purchasing to final delivery, the platform offers customizable tools that enhance visibility and streamline production workflows. By targeting the underserved SME manufacturing market, Factory has established a strong market position, enabling smaller operators to compete with larger industrial players through improved operational intelligence and resource management.
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 Beachhead Venture Capital, Investible, and 1in100 Ventures
Series A (2026): $3.3M led by Investible, Shearwater Capital, and Beachhead Venture Capital
Key Investors in Factory
Investible
Investible is an early-stage venture capital firm focused on supporting visionary tech entrepreneurs across the Asia-Pacific region, utilizing both generalist funds and a global investor syndicate.
Shearwater Capital
Shearwater Capital is a venture fund that invests its own capital into fast-growing technology start-ups, prioritizing long-term growth and alignment with founders building generationally significant companies.
Beachhead Venture Capital
Beachhead Venture Capital is a firm specializing in high-growth Australian companies, providing both financial investment and strategic guidance to entrepreneurs with unique competitive advantages.
What's next for Factory?
With the infusion of this major strategic investment, Factory is well-positioned to accelerate its international expansion and deepen its product capabilities. The company is expected to leverage this capital to enhance its software suite, potentially integrating advanced analytics or predictive maintenance features to further solidify its value proposition. As the manufacturing sector continues to undergo digital transformation, Factory's focus on scalable, user-centric tools will be pivotal in capturing additional market share across global regions. The continued support from its core investor base suggests a strong confidence in the company's ability to scale its operations and maintain its competitive edge in the evolving industrial SaaS landscape.
See full Factory company page
