Assembly Line

CADDi raises $89M Series C to scale its B2B supply chain marketplace for manufacturing parts

📅 Date:

✍️ Author: Kate Park

🔖 Topics: Funding Event

🏢 Organizations: CADDi

CADDi, which operates a business-to-business (B2B) marketplace for the manufacturing industry, said it has raised $89 million in a Series C round, bringing its total capital to $164 million, to scale its business and help those equipment manufacturing players. Existing investors Globis Capital Partners, DCM Ventures, Global Brain, World Innovation Lab, JAFCO and Minerva Growth Partners participated in the Series C financing along with four new investors, including SMBC Venture Capital and Mitsubishi UFJ Capital.

CADDi deals with mid-volume production and high-mix, low-volume production manufacturers, also known as make-to-order manufacturing, in which manufacturers produce products after confirmed orders. But the problem is consumers cannot get optimal pricing with low- to mid-volume production manufacturers due to volume constraints.

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