What is Factory?
Founded by Paul and Michael Lutkajtis, Factory operates a specialized SaaS platform tailored to the unique operational requirements of fabrication and manufacturing businesses. The company provides a comprehensive suite of tools that manage the entire production lifecycle, from initial quoting and purchasing to final delivery. By offering granular visibility into shop-floor workflows, Factory enables smaller manufacturers to compete more effectively in a global market. The platform's ability to integrate disparate operational data into a single, cohesive interface has made it a vital asset for firms seeking to improve production efficiency and reduce overhead costs through digital transformation.
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 Investible, Beachhead Venture Capital, and 1in100 Ventures
Series A (2026): $3.3M led by Shearwater Capital, Investible, and Beachhead Venture Capital
Key Investors in Factory
Shearwater Capital
A venture fund focused on backing founders building generationally significant companies, prioritizing long-term alignment and recurring revenue models.
Investible
An early-stage venture firm supporting visionary entrepreneurs in the Asia-Pacific region through both generalist and climate-focused investment funds.
Beachhead Venture Capital
A firm specializing in high-growth Australian businesses, providing both financial capital and hands-on strategic guidance to maximize enterprise value.
What's next for Factory?
With the successful closure of this latest financing round, Factory is well-positioned to scale its operations and enhance its product roadmap. The company plans to leverage this capital to deepen its market penetration across international territories and further refine its customizable toolset. As the manufacturing industry continues to shift toward automated, data-driven processes, Factory's focus on providing scalable, user-friendly software for SMEs places it at the forefront of industrial innovation. The strategic backing from its current investor base provides not only the necessary liquidity for growth but also the operational expertise required to navigate the complexities of scaling a high-growth SaaS enterprise.
See full Factory company page
