Fictiv Secures $100 Million in Funding to Solve Urgent Supply Chain Risks and Accelerate Time to Market for Product Companies
Fictiv, the leader in high-quality, on-demand manufacturing, today announced the closing of a $100 million Series E funding round. The investment will advance Fictiv’s mission to accelerate product innovation with an expanded focus on decreasing supply chain risk through its best-in-category technology and product experience. This unique combination of benefits helps Fictiv’s customers tackle both the continuous, competitive pressures to innovate faster and address the relentless, daily supply chain disruptions.
The funding round, led by Activate Capital, includes new investors Angeleno Group, Cross Creek, and The Westly Group, and existing institutional investors including Accel, Bill Gates, G2 Venture Partners, and Standard Investments. This Series E brings the total investment in Fictiv to $192 million since its founding in 2013.
Element Raises $18 Million to Enable Data-Driven Transformation of Industrial Enterprises
Element, an Industrial Data Hub provider, today announced it has closed an $18 million Series B financing co-led by new investors Activate Capital and Forte Ventures that also included participation from other new and existing investors. As part of the investment, Element is adding to its board of directors David Lincoln, managing director of Activate Capital, and Louis Rajczi, partner at Forte Ventures. The funding comes as Element gains customers in the chemical, power, agriculture and oil/gas markets, and as it expands enterprise-wide deployments.