2 years ago

Partful Secures €2.8 Million to Expand its 3D Parts Platform

  • Partful, a British aftermarket technology specialist, has secured €2.8 million in funding to accelerate the development of its interactive 3D parts SaaS platform

  • The funding, led by Par Equity with participation from Blumberg Capital, brings the total investment from these firms to €7.2 million in the last 18 months

  • Partful's platform is transforming the industry's approach to a global aftermarket worth $400 billion, and the company has seen significant growth in recent years, with a customer base that includes Lotus Cars, Norton Motorcycles, and IDEX Corporation

  • The new funding will enable Partful to expand its engineering team, accelerate growth in the European and U.S

  • markets, and further develop its innovative platform.

      • ProblemTechnology

      "The global aftermarket, worth $400 billion, faces challenges in efficiently identifying, ordering, and replacing parts, leading to customer frustration and lost revenue."

      Solution

      "Partful offers an interactive 3D parts catalog SaaS platform that streamlines the aftermarket experience by enabling customers to easily identify and order the correct parts using 'exploding' 3D models, improving customer satisfaction and driving revenue growth."

      Covered on