Frigate raises $175K in pre-Seed round
Cloud manufacturing startup Frigate has raised $175K in an oversubscribed pre-seed round from strategic investors. These include names like Vel Kanniappan, Angel Investor, Srinath Ramakkrushnan, founder of Zetwerk, Abhishek Raj Pandey, head of sourcing and procurement, Mamaearth, Vijay Pravin Maharajan of Bitscrunch and other angel investors from US, Japan, Germany and Singapore.
This funding will be used to further strengthen Frigate’s technology stack. The Chennai-based startup is also planning to set up offices in Chennai and Bengaluru to increase the headcount to over 100 within the next fiscal.
Founded in 2021, Frigate provides fabrication, 3D printing, and CNC machining services quickly, risk-free and affordable for OEMs, SMEs, and startups.
The firm has onboarded 150 SMEs on their platform for making their metal and plastic parts from tier II and Tier III cities like Becharaji, Rajkot, Ahmedabad, Belagavi, Trivandrum, Palakkad, Kolhapur, Aurangabad, Jamshedpur, Hosur, Trichy, Madurai, Erode, Salem, Indore, Pithampur, Coimbatore covering almost all Industrial states in India.
Frigate is by all accounts an inspiring startup with spurring development on industrial machinery manufacturing platform. I’m certain this startup would keep on flourishing in its excursion ahead. All the best to the whole group of Frigate. This will give them a colossal achievement in the future.Shishir Gupta, Founder and CEO, StartupLanes
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