What is MFG?
Founded in 2000 and headquartered in Marietta, Georgia, MFG.com operates an internet-based platform designed to streamline the process of connecting companies seeking quotes for casting and metal fabrication work. The service acts as a crucial intermediary, facilitating efficient procurement within the manufacturing supply chain. The company's longevity and its ability to attract substantial investment indicate a robust business model and a sustained demand for its specialized services in the industrial sector.
How much funding has MFG raised?
MFG has raised a total of $75.3M across 4 funding rounds:
Series A
$14M
Series C
$4M
Series D
$26M
Series B
$31.3M
Series A (2005): $14M with participation from Bezos Expeditions
Series C (2007): $4M led by Oliver Samwer, Marc Samwer, and Alexander Samwer
Series D (2008): $26M supported by Fidelity Ventures, Oliver Samwer, Marc Samwer, and Alexander Samwer
Series B (2012): $31.3M featuring Fulcrum Equity Partners and Fidelity Ventures
Key Investors in MFG
Bezos Expeditions
Bezos Expeditions is an investment firm founded by Jeff Bezos that focuses on a diverse range of sectors including technology, healthcare, and space exploration. The firm is known for its strategic investments in innovative companies such as Airbnb, Uber, and Twitter. Its intended clients include startups and established businesses seeking funding and support for growth. Additionally, Bezos Expeditions is involved in philanthropic efforts through initiatives like the Bezos Day One Fund and the Bezos Family Foundation.
Fidelity Ventures
Fidelity Growth Partners Europe (FGPE) is a venture and growth capital firm that invests in bold technology entrepreneurs with aspirations to build great businesses. FGPE is part of a global network of funds backed by Fidelity's proprietary, long-term capital with a 40-year heritage of venture investing. Combining a collaborative approach with a deep global network, Fidelity has backed global winners from Atari and Nuance in the US to Alibaba and Wuxi Pharma Tech in Asia. FGPE's track record in Europe includes investments in market leaders such as Curam (IBM), Newbay (RIM), GoodData, InnoGames, Wahanda and Notonthehighstreet. FGPE is currently investing a £100 million fund dedicated to backing fast-growing European technology companies.
Fulcrum Equity Partners
Fulcrum Equity Partners is a private equity firm that invests in lower middle market companies. The firm focuses on businesses with strong management teams and significant growth potential, typically in the business services, healthcare, and technology sectors. Fulcrum provides capital and strategic support to help its portfolio companies achieve their expansion goals.
What's next for MFG?
With a history of substantial capital injections, including major enterprise-level funding, MFG.com is well-positioned for strategic growth and operational enhancement. The company's focus on connecting buyers and suppliers in the metal fabrication and casting industries suggests a continued emphasis on platform development and market penetration. Future initiatives are likely to involve expanding its service offerings, enhancing user experience, and potentially exploring new geographic markets or industry verticals to leverage its established network and technological capabilities. The recent undisclosed funding round signals ongoing investor confidence in MFG.com's long-term vision and its capacity to innovate within the industrial services landscape.
See full MFG company page
