SeekMake, a Tunisia-based contech has raised $530,000 in the form of dividends from Lafayette Group which is a renowned equity firm in Europe.
With the new funds, SeekMake is now looking to embark on its plans for global expansion. In particular, the company is keen to expand its operations to France and Germany to add to its already ventured markets in Estonia, the United States, and Australia.
The investment is not only Lafayette’s first investment in Tunisia but also the firm’s first infusion into a foreign startup.
SeekMake was founded in 2018 by Abdel Ayari, a software developer, to ease the process of manufacturing by connecting users with specific needs to manufacturers in the metal, woodworking, plastics processing, and 3D printing industries.
The company has been keen to establish itself as a leading on-demand manufacturing marketplace by leveraging technology to meet the needs of users.
Through its AI-assisted platform, the tech startup helps to eliminate challenges such as sourcing during the manufacturing process as well as help onboarded manufacturers to find clients.
According to the company, users can access manufacturers matching their standards and requirements within ten minutes by just keying in their requirements.
Its AI-powered system links customers around the world to optimal manufacturer partners based on the orders made free of charge as they only pay the production cost.
The company boasts a network of 100 manufacturers who offer customers access to a variety of specialists and the ability to select the ideal manufacturing option with convenient terms.
Its ability to tap into the unused abilities of manufacturing companies around the world makes it possible to provide standard products at affordable rates.
Since its inception, SeekMake has served over 10,000 users and helped to produce over 30,000 prototypes and over 100 machines. In addition, the Tunis-based startup has raised $249, 000 funding throughout its early growth stages from investors including Flat6Labs and Polymath Company.