Singapore-headquartered manufacturing tech start-up Phasio has raised a US$2.5 million ($3.4 million) seed round to accelerate the go-to-market strategy of its manufacturing interface.
The round was led by Airtree Ventures and participated by 500 Global, Entrepreneur First as well as Gattaca Ventures.
Phasio's manufacturing interface is designed to address existing friction points between manufacturers and customers throughout the standard process. Its platform includes a number of integrations across the manufacturing workflow from Computer Aided Design software, accounting software and shipping providers.
The proceeds will be used to scale Phasio’s engineering team to support growing demand for its interface and to further accelerate its manufacturing interface with feature improvements, including developing its AI capabilities.
“Phasio is here to elevate a new wave of local manufacturers onto the global stage. We believe that local manufacturing is the lifeblood of product innovation, and by empowering those on-the-ground to do more, we can in fact, grow the manufacturing industry for everyone globally,” says Phasio co-founder and CEO Harry Conor Lucas.
