Amsterdam-based Rototip, a digital manufacturing startup, announced that it has secured €1M in its initial investment round. The investment was led by ACT Venture Partners, with participation from Heartfelt Capital and APY Ventures.
The funds will help Rototip to expedite its product roadmap, integrating advanced AI-powered automation and processes. This move aims to propel the startup’s commercial growth as it extends its presence in both the European and American manufacturing sectors.
How will investors support Rototip?
Rototip claims that each investor brings strengths to the table. ACT Venture Partners is known for its strategic investments in deep-tech startups, providing expertise in fostering successful tech ventures.
Heartfelt Capital, based in Germany and supported by Porsche and APY Ventures, investing through a fund tied to a Turkish industrial zone housing over 6,200 businesses in metal, plastic supply, and manufacturing, contributes insights and resources, enhancing Rototip’s trajectory in the digital manufacturing landscape.
Gokhan Guner, Managing Partner at ACT Venture Partners, says, “The global manufacturing is navigating through challenging times, requiring manufacturers to diversify their suppliers, whenever feasible, from nearby geographies, while managing quality and delivery risks carefully.”
“Winners are determined by technological innovation and propagation power of the digitalisation of manufacturing processes. With a market size exceeding $25B, Rototip is positioned to play a pivotal role in unlocking the full potential of this dynamic landscape.”
What does Rototip offer?
Rototip operates as a manufacturing hub, facilitating connections between businesses and factories. The platform focuses on digitising supply chain operations, implementing intelligent machinery allocation systems, and using computer vision applications for automated quality control.
Rototip offers businesses the ability to source mechanical parts crafted from metal or thermoplastics, employing various manufacturing techniques such as CNC machining, laser-cutting, injection molding, die casting, welding, and assembly services.
A “unique” feature of Rototip is its centralised quality control process at its premises, ensuring quality standards, while the manufacturing itself is decentralised and carried out at partner factories.
Serving over 500 customers across 18 countries, the company claims to have achieved a 6 per cent month-over-month growth over the past 24 months.
Galip Okan Ozturk, CEO of Rototip, says, “There is a phenomenal opportunity in the manufacturing market as off-shoring is not a solution anymore and local manufacturing networks do not exist. A need for cutting-edge software cannot be denied.”
“We have a strong foundation. Our customers exhibit remarkable loyalty, we attract top-tier talent, and our investment round has generated overwhelming interest.”
“We observe a significant market shift as customers increasingly prioritise reliability in delivery schedules and consistency in quality—two aspects in which we excel.”